SENSEX NIFTY
Mar 08, 2013, 08.41 AM IST | Source: CNBC-TV18

Stocks in news: RCF, Bharti Airtel, Adani Power, M&M

RCF |Bharti Airtel | Adani Power | M&M | Mahindra Holidays and Reliance Power are stocks, which are in the news today.

Here are stocks that are in news today:

RCF sets floor price for offer for sale (OFS) at Rs 45/sh, opens today
Alert: Govt to divest 12.5 percent stake in RCF
Alert: RCF OFS floor price at premium of 2.5 percent; CMP at Rs 43.9/share
Alert: Govt holds 92.5 percent stake in RCF

Mahindra Holidays OFS subscribed 2.6 times; raises Rs 249 crore
Alert: Total issue size of Mahindra Holidays was 34 lakh shares
Mahindra Holidays OFS indicative price at Rs 272.77/share; floor price set at Rs 270/share

M&M says
-Reached agreement with Nashik unit workers
-Nashik workers end tool-down strike
-Withdrawn suspension of 2 Nashik unit workers
-Management, union will finalise salary by April 15
-Talks on with workers' union on long-term settlement

M&M Nashik union says
-Cut wage hike demand to average Rs 20000
Alert: M&M Nashik union had sought average Rs 36,000 wage hike
-Nashik unit workers' wage hike effective from February 6
-Govt official panel of M&M management, union to study workers' demand

Kingfisher CEO Sanjay Aggarwal met Directorate General of Civil Aviation (DGCA) officials: CNBC-TV18 Exclusive govt sources say
-DGCA sees no change in position w.r.t Kingfisher Airlines (KFA)
KFA to DGCA:
-Will pay 6 months salary to staff soon
-To use funds from United Spirits -Diageo deal for salaries
-Want KFA slots be retained, especially at Mumbai airport
DGCA to KFA:
-Paying salaries not sufficient to revoke licence suspension
-Want assurance on payment to other stakeholders
-Want credible revival plan with financial details

Vinod Adani buys 75 lakh shares worth Rs 33.75 crore in Adani Power
Alert: Vinod Adani was named Adani Power promoter in 2009; did not hold any shares until now

Reliance Power moves CERC, seeks compensation from govt for weak rupee
-Reliance Power says cost has escalated at Sasan UMPP due to ‘unprecedented’ depreciation of rupee

Other stocks and sectors that are in news today:
-Future group to raise Rs 800 crore via insurance stake sale: ET
-AB group fund may buy 50 percent in Peninsula’s Pune project: ET
- Bharti Airtel plans to sell up to 25 percent in satellite TV unit: Reuters sources
- Coal India 's subsidiary MCL revives plan for 1,600 MW power plant worth USD 1.6 billion in Orissa: Reuters
-Finance Minister P Chidambaram to address RBI board today

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Rashtriya Chem Mahindra Holida M&M
Kingfisher Air United Spirits Adani Power
Reliance Power Bharti Airtel Coal India

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