Stocks in news: Varun Ind, GMR Infra, Kingfisher, Patni

Here are stocks that are in news today:

iGATE to launch process to delist Patni
-Patni delisting via reverse book building process
-Delisting subject to Patni shareholder & SEBI nod
-Floor price for delisting Rs 356.74/sh
-Patni floor price at 9% discount to current market price
-Company to arrange USD 215 million in debt for Patni delisting
-Patni delisting process to be completed by Mid-2012

Kingfisher turmoil
-Govt to allow Kingfisher Airlines to directly import fuel instead of sourcing it through canalizing agencies (ET)
-Kingfisher considers hiving off engineering department into separate unit (BS)
-PSU banks plans Rs 600 crore lifeline in working capital to Kingfisher Airlines (HT)

Other stocks and sectors that are in news today:
-EGoM to meet on November 21 to decide on sugar exports (Agencies)
-Direct Taxes Code unlikely in winter session
-Petrol prices to be revised every 15 days; move to align rates with global crude prices (ET)
-Power tariff to rise 20% each year for the sustenance of state distribution utilities (ET)
-GMR Infra among 32 shortlisted for toll plaza bids by NHAI (FE)
-Foreign companies eye stake in Varun Industries Madagascar arm after company discovered heavy mineral deposits in Africa
-JSW Steel undecided on Mozambique block; company had plans to transfer thermal coal mine to power arm, boards yet to decide on the transfer (BS)
-Ultra Tech Cement to invest Rs 11000 crore to increase its production capacity by 10 mtpa (Agencies)
-Borosil Glass buy back at maximum Rs 850/sh ((CMP: Rs 759.30)), ((M-cap: Rs 300 cr))
-Ashok Leyland to consolidate all group companies 
-Karnataka court approves scheme of amalgamation between United Breweries & UB Nizam Breweries, Chennai Breweries
-F&O Ban: Gitanjali Gems, Kingfisher Airlines, Ruchi Soya