Stocks in news: Mastek, RComm, Canara Bank, Bayer, HDFC
Mastek | RComm | Canara Bank | Indswift Labs | Lanco Infra | Bayer | Hero Honda | Hanung Toys | HDFC | SBBJ | Central Bank of India and Tata Steel are stocks, which are in the news today.
March 10, 2011 / 09:06 IST
Here are stocks that are in news today:
Reliance Communications (RComm)
-China Development Bank signs final documentation for Rs 8700 crore i.e. USD 1.93 billion loan facility
-First loan to finance 3G spectrum Auction
-Annual projected interest cost savings of over Rs 500 crore per year
-Use of loan proceeds for refinancing RCOM's 3G spectrum fees and imports of telecom equipment
-Company to benefit from extended loan maturity of 10 years, and substantial interest cost savings
-Company to commence drawdown beginning in March, 2011Canara Bank
-Launches QIP; issue priced at Rs 604/share
-Book size USD 333 million; upsize option of additional USD 110 million
-Bankers include JP Morgan, HSBC, SBI Cap & JM FinancialMastek
-Expects reduced revenues from its partnership with Capita
-Expects impact of 1.2-1.4 million pounds per quarter from Apr-June quarter
-Management expects to make up for shortfall through biz growth in the next 2 quarters Other stocks and sectors that are in news today:
-Listing today: Acropetal Tech
-Indswift Labs board meet on March 15th to consider and approve allotment of equity shares upon conversion of warrants into equity shares.
-Lanco Infra: Udupi Power Corporation Ltd, a Group Company, has successfully Synchronized Unit II (600 MW) with the grid
-Kalpataru close to buying Bayer Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
