Stocks in news: Idea, Ranbaxy, Grasim, GHCL, IDFC

Nifty BSE | NSE 28/05/12 Are Mutual Funds betting on Nifty?

Stocks in news

• Ranbaxy
  Press meet today at 1:30
• Telecom Malaysia
  To subscribe to pref issue by Idea to buy less than 15% stake in merged entity - ET ( 3 way merger on the cards)
• ICICI Bank is cutting down 1000 jobs at different levels for "poor performance" - ET
• Grasim sells sponge iron biz to Weslpun Power & Steel for Rs 1030 crore (works out to Rs 112.35/share + debt transferred to the SPV will give the EV for the sponge division)
• Middle East based Al Rostamani may buy 25% stake in GHCL for around $200 million, open offer to follow - ET
• Mukesh Ambani controlled SeaKing Infra back in reckoning for Rs 6000 crore Mumbai Trans Harbour project - BS
• TVS plans power bikes to take on rivals - BS
• IDFC plans to list $1.2 billion infra fund - BS
• Bumi Resources announces huge coal discovery - DNA (Tata Power holds 30% stake in 2 coal blocks owned by Bumi)
• Results today: GMDC, KPIT Cummins, NIIT, NIIT Technologies, SCI
• New listing: Griffin Chemicals; no circuit filter today
• Archidply Industries IPO opens today; offer of 66.15 lakh shares; price band Rs 70-80
• Natco Pharma 
  Natco Cracks Tech To Develop Teva's Multiple Sclerosis Drug Copaxone 
  Copaxone Has US Sales Of Over $2 Bn; Marketed By Sanofi Aventis 
  Natco Has Tied Up With US Generic Co Mylan For Mkting Drug Worldwide 
  Copaxone Under Patent; Teva May Sue Generic Cos
• Indiabulls 
  Indiabulls Prop Invst Trust (IPIT) IPO price fixed @ lower band of S$ 1 
  IPIT raises $191.5 m from IPO; initial market cap at $1.7 billion 
  IPIT retail portion not fully subscribed 
  IPIT total issue subscribed 1.3 times 
  IPIT to list REIT today at SGX ((11:30 IST))
• Omaxe arm gets 2 Dubai projects worth Rs 2,850 crore
• PNB says 
  In talks with 2-3 cos to sell stake in PNB Gilts 
  Open to holding minority stake in PNB Gilts
• Gujarat NRE Coke setting up 40 wind mills to increase capacity to 87.5 MW from 27.5 MW