Stocks in news: Kingfisher, Mah Satyam, REC, Gujarat Gas

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Stocks in news: Kingfisher, Mah Satyam, REC, Gujarat Gas

Kingfisher | IndusInd Bank | Mahindra Satyam | Nestle India | REC | Gujarat Gas | Kiri Industries and Tricom India are stocks, which are in the news today.

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Here are stocks that are in news today:

Results Today: IndusInd Bank, Amtek India

Kingfisher says without temporary overdraft facility, normal operations will be hit - FE
Kingfisher says
-SBI Caps has completed KFA long-term biz plan report
-Expect funding latest by March 2012
-UB Group continues to provide financial assistance to company

Mahindra Satyam
PW India
-Filed suit in AP against 7 parties including Mahindra Satyam
-Outraged at Satyam's attempt to shift blame to auditors
-Fraud concealed by Satyam's own senior management

Mahindra Satyam also files suit against past board of directors, certain former employees and PW
Vineet Nayyar says
-Have filed civil suit against erstwhile Satyam management seeking re-compensation for damages
-Fraud could not have been possible without auditor collusion

Nestle India says
-To invest USD 500 million to build capacity to meet demand
-Have expansion plans, looking at new categories to enter

GSPC likely to bid for BG stake in Gujarat Gas
-Non-binding bids for BG stake in Gujarat Gas to be submitted on Tuesday
-RIL may also join the race - BS

Oil Ministry says
- Cairn -Vedanta deal referred to cabinet; may get nod soon
-Hike in diesel prices can only be in small instalments
-Inflation under control; to up diesel prices at appropriate time
-In active talks with Iran on oil payment issues
-Confident of no supply disruptions from Iran

Other stocks and sectors that are in news today:
- REC close to buying 16% stake in UCX (Universal Commodity Exchange) for Rs 16 crore - ET
- Kiri Industries board approves raising of funds upto Rs 300 crore via QIP/NCD/FCCB's/GDR or preferential allotment
- Tricom India board has approved the preferential allotment of 1 crore shares and 50 lakh warrants at Rs 13.50 (CMP Rs 11.65)
-F&O ban: Ruchi Soya and Gitanjali Gems