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Stocks in news: Wockhardt, Tech Mah, Patni, NDTV
RCF | Coal India | GM Breweries | GAIL | Syndicate Bank | Wockhardt | Maruti Suzuki | SAIL | Tech Mahindra | Beeyu Overseas | JK Paper | Plethico Pharma | Patni | NDTV and Ranbaxy are stocks, which are in the news today
US FDA -No immediate call on Ranbaxy 's ANDA, no company has standing to dictate FDA's priorities -No unreasonable delay in taking decision -Decision will not be publicly announced, Confidential talks are ongoing with Ranbaxy -Mylan to suffer no financial harm due to decision, no generic has a tentative nod yet -No generic has certainty of approval -No one stopping company from making Lipitor generic -Ranbaxy allowed to market Atorvastatin on November 30 -Ranbaxy has 180 days exclusivity on the generic
Vedanta sources: - Cairn open offer not contingent on govt nod -Shares tendered in offer won't be kept in escrow till govt nod -Sesa Goa to hold Cairn shares even if govt nod delayed or deal rejected
SBI Sources -Will come out with rights issue when we get all clearances -Rights issue may be in this quarter
Jairam Ramesh says -GoM meet on no-go coal mining area inconclusive -Next GoM meet on no-go mining area later this month
GM Breweries Q4 -Sales at Rs 62.5 crore versus Rs 56 crore -PAT at Rs 5.1 crore versus Rs 66 lakh -EBIT at Rs 8.8 crore versus Rs 1.6 crore
Other stocks and sectors that are in news today: -Goldman Sachs exits NDTV by selling 14.2% stake, sells 51 lakh shares to Merrill Lynch, 40 lakh shares to Nomura; news reports suggest DE Shaw to buy 14.2% - Shilpi Cables lists today -iGATE's open offer for Patni opens today, closes on April 27. Open offer at Rs 503.50.share (CMP: Rs 475) -Govt Notifies Pratip Chaudhuri as CMD of State Bank of India - Punjab Alkalies : Matter placed before Hon'ble Punjab & Haryana High Court for divestment ((Sources: Nirma bid at Rs 43/share and Grasim bid at Rs 48/share were both rejected for being too low)) - Plethico Pharma board meet on April 13 to amend terms & conditions of outstanding FCCB's issued in October-07 - JK Paper board meet today to consider issue and allotment of FCCBs up to 35 million euro -F&O ban: Deccan Chronicle, Kingfisher, Suzlon - Beeyu Overseas open offer at Rs 3/share ((CMP: 2.64)) -Indian ADRs: Dr Reddy's was down 3% - SAIL 's Rs 8000 crore FPO set to hit the market by next month end - BS - Tech Mahindra bags a contract to manage the IT systems of Vodafone Australia for around USD 250 million - BL - Maruti Suzuki India to spend Rs 4000 crore this fiscal as a part of investment plans - DNA -Vodafone's deal with Essar falls in trouble again as Essar to seek USD 700 million more from Vodafone for its 33% holding - ET -Syndicate Bank has offered Wockhardt an out of court settlement willing to accept Wockhardt shares equivalent to the outstanding bond amount - ET -RCF, Coal India & GAIL to spend around Rs 7500 crore to develop coal gasification facility in Orissa to meet power demand by fertilizer & power generating cos - ET - HDIL paid Rs 15.5 lakh towards the wedding reception expenses for the Mumbai Congress chief Kripashankars son (TOI)
