Defence Ministry puts Pipavav Defence-Mazagon Dockyard JV on hold Defence Ministry says -To study complaints from private shipyards regarding JV -JVs must compete for contracts -JVs should not get contracts on nomination basis
GMR to sell 30% stake in GMR Energy to Petronas Intl -GMR Energy GMR's Singapore-based wholly-owned subsidiary -GMR stake sale subject to approval of lenders
JSW Steel says -Vijaynagar unit output cut to 30% from Saturday -Production scaled down due to abrupt stoppage of iron ore -Iron ore supply disruptions causing 'irrecoverable damage'
Other stocks and sectors that are in news today: -Rakesh Jhunjhunwala may pick up 5% stake in Symphony - BS (CMP Rs 1285) Management denies the same -Talks between Maruti management & workers fail to come to any conclusions (ET) -TCS sees demand on rise, plan overseas acquisitions in France, Germany, Japan & USA (ET) -Alok Realtors, arm of Alok Industries to sell Mumbai property at a loss, bought the property for Rs 1075 crore in 2007 - ET -DB Realty looking for JV partners for its Mumbai projects - BS -DLF sells land in 10.8 acers in Gurgaon for Rs 280 crore - FE -Airport Authority, Hotel Leela spar over Mumbai land lease terms, AAI asking for 7.5% of gross turnover as royalty, while Leela is asking to bring it down to 5.3% - BS -BEML bags orders worth Rs 230 crore for its mining equipment from Central coal fields & northern coal fields -Mercator Lines completes acquisition of 50% stake in Indonesia based coal mine company -Tijaria Polypipes IPO of 1 crore shares with fixed issue price of Rs 60/sh opens today -Ex Bonus: Zodiac Clothing 1:2, Jocil 1:1 -F&O Ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya -DGH pulls up RIL over CBM block; company yet to complete work in acreage for extracting gas (TOI)
