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Stocks in news: NTPC, United Phos, UTV, OBC, Graphite India

NTPC | Hindustan Zinc | United Phosphorus | Lanco Infratech | UTV Software | Tata Steel | Oriental Bank of Commerce | JSW Steel | Andhra Bank | Onmobile Global and Graphite India are stocks, which are in the news today.

March 08, 2011 / 09:39 IST

Here are stocks that are in news today:

Lovable Lingerie IPO opens for subscription today and closes on March 11
-Price band: Rs 195-205/share (grey market premium Rs 40)
-Offer to raise: Rs 87.8-93.28 crore

Tamil Nadu Deputy CM says
-Congress asks for 1 more day to decide on fate of alliance
-DMK leaders will not submit resignations today
DMK spokesman says
-Will get a clear picture in 2 days
-Seat sharing talks have not started yet; may happen on Tuesday
-Cannot say issue resolved yet

Chairman and Managing Director of L&T, AM Naik to CNBC TV18
-Will exit all assets below Rs 500 crore
-May exit firms through de merger or stake sale
-No intention of selling L&T Infotech 
-Expect to complete restructuring by March 12, 2012
-L&T Finance IPO likely by first quarter of next fiscal

NTPC-The Unit-I of 500 MW of Indira Gandhi Super Thermal Power Project commences commercial operations
-The Unit-VI of 500 MW of Farakka Super Thermal Power Station has been synchronized on coal

Govt sources Say
-EGoM holds meeting on Hindustan Zinc-Sterlite
-EGoM apprised of failure of mediation
-Sterlite-HZL row now headed for arbitration
CNBC-TV18 alert:
-Pranab Mukherjee, Murli Deora, Praful Patel & others attend
-Govt holds 29.5% in Hindustan Zinc
-BALCO call option already declared invalid

Sajjan Jindal to CNBC TV18
-Working on Ispat debt re-financing
-Not raising PE funds for re-financing debt
-Continue to seek growth through acquisitions
-Will work to protect margins despite steel price hike

Other stocks and sectors that are in news today:
-United Phosphorus set to acquire 50% stake in Sipcam Isagro Brazil for around Rs 2700 crore (ET)
-PTC Financial Services to raise 450 crore via IPO in March 11
-Lanco Infratech to invest Rs 4000 crore on strengthening its Griffin coal mines acquisition in Australia (DNA)
-UTV Software may sell stake in Indiagames for around Rs 220-240 crore (ET)
-Tata Steel signed an agreement with Canadian based New millennium capital corp to develop taconite deposit (BS)
-Government to infuse Rs 1740 crore in Oriental Bank of Commerce to shore up the bank

first published: Mar 8, 2011 08:25 am

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