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Stocks in news: KFL, Infosys, RIL, Kwality Dairy, Pipavav
Kingfisher Airlines | Infosys | RIL | Ambuja Cements | Kwality Dairy | Onmobile Global | Pipavav Shipyard | Tata Steel | Maruti and Marico are stocks, which are in the news today.
Maruti labour unrest spreads to 3 Suzuki units -Suzuki's power train, 2-wheeler, casting plant workers on indefinite strike
Maruti Suzuki says -No notice issued by Gurgaon union for going on strike -Production at Gurgaon plant normal -525 vehicles produced at Manesar plant today
Marico says: -Possibility of PAT for next couple of quarters falling short of current expectations -High raw material costs to impact margins -However long term potential of business is intact
Pipavav-Mazagon JV hits roadblock -Other shipyards L&T, Bharti and ABG raise objections Shipyards allege -MDL wrote on August 25th seeking business plan from bidders -MDL & Pipavav announced JV on September 9th -Proper procedures not followed to select JV partner -MDL board didn't wait for proposals from all shipyards -No evaluation criteria for selection of JV partner shared by MDL -MDL decision lacks transparency & taken in haste
Tata Steel -To invest EUR 800 million over 5-years at its Netherland plant - IJmuiden -IJmuiden's annual capacity will rise by 2015-16 from 7.2 mt to 7.7 mt
Other stocks and sectors that are in news today: -Auditor raises doubts over Kingfisher's (KFL) survival - ET -Infosys close to buying Thomson Reuters healthcare biz for USD 700 million - BS -RIL may be allowed to develop Satellite KG Fields - ET -Ambuja Cement acquires 60% stake in Dirk India for Rs 16.51 crore -TN brings DTH under tax net, to levy 30% entertainment tax (negative for Sun Direct) -Kwality Dairy in talks with PE players to sell 20% stake for Rs 200 crore - FE (Market cap Rs 2552 crore) -Atul Auto rights issue opens today -Onmobile Global buyback at maximum Rs 85/sh -Ex Dividend: Oil India Rs 19.5/sh, Reliance Capital Rs 6.5/sh, Reliance Infra Rs 7.2/sh, BGR Energy Rs 10/sh -F&O Ban: ABG Shipyard, Gitanjali Gems -Amnesty scheme on anvil to get back money from foreign banks
