Here are stocks that are in news today:
Results today: Bajaj Hind, Elder Pharma, Fortis Health, Lanco Infra, Nagarjuna Fertilizers, Punj Llyod
Cairn-Vedanta Update
-Cairn & Vedanta to again meet oil secretary on Monday: Sources
Cairn says
-To continue to work with GoI to close deal Before April 15
-Had constructive discussions with the ministry
-Rahul Dhir, Bill Gammell, MS Mehta attended meeting
-Tarun Jain & DGH also attended meeting
Oil Secretary says
-Had constructive discussions with Cairn & Vedanta
-Discussions were in positive frame of mind
-Hope to resolve issue soon
-Cairn India appreciated how fast MoPNG has been acting
-Cairn had sent its application on November 23, 2010
Dr Reddy's Chairman Anji Reddy - CNBC Exclusive
-It's difficult to get partners to launch Balaglitazone;
-We don't know whether we'll launch Bala;
-Balaglitazone has same class as Avandia;
-Avandia is banned in Europe;
-It requires millions of dollars to launch it;
-Half of Phase III trials are over;
-On EU ban on herbal medicines from India:
-There should be some standard for Ayurvedic drugs;
-They don't even reveal name of the drug;
-They can fingerprint the active constituent;
-USFDA has a road map for that;
-One German firm has launched a drug derived from plants.
Allied Digital
-IT Dept concludes raid operations on Allied Digital: Sources
Allied Digital says:
-IT Dept conducted routine survey at premises
-Have no bogus transaction dealings with any co
-Fully cooperated with IT officials on our premises
-Not connected in any material way to any co in Solan
-Deny inappropriate transaction with Avon Corp
-Company awaiting formal 'clear' notice from IT Dept
Bom HC adjourns Wockhardt versus bond holders case to February 17
-Syndicate Bank seeks to be made party to Wockhardt Vs Bond Holders case
-Syndicate Bank to Bom HC: hold bonds worth USD 5 million
Wockhardt Counsel says co should not be allowed to go under in public interest
Karur Vysya Bank
-To raise base rate, BPLR by 50 bps, effective February 7
-To raise base rate to 10%, effective February 7
-To raise BPLR to 15%, effective February 7
SEBI passes order against PCSL for doing off market transactions
CNBC-TV18 alert: PCSL is Pacific Corporate Services; Sanjay Dangi entity
-SEBI barred Sanjay Dangi from accessing capital markets on December 2
-SEBI directs NSDL to freeze shares in accounts of IFSL immediately
-SEBI to look into off market transfer of shares from PCSL to IFSL
Other stocks and sectors that are in news today:
-Unitech repays debt of Rs 178 crore loan ahead of February 22 deadline
-SAIL may not get a go ahead to mine iron ore from the Chiria reserves in Jharkhand (ET)
-GMR, GVK Infra may oppose orders to regulate airport revenues fear the new model will cap revenues from commercial activities at the airport (ET)
-Shree Ashtavinayak to form JV with LFS Global to build up film city in Mumbai. Shree Asthavinayak will hold minority stake in JV
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