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Stocks in news: Tech Mah, IOC, Coal India, Bharti, Everonn

Tata Motors | Kingfisher Airlines | Tech Mahindra | IOC | Unitech | Coal India | NMDC | Swadeshi Industries | Karuturi Global | Dabur | RIL | Bharti | Idea | PFC | SAIL | Everonn and Tata Power are stocks, which are in the news today.

November 16, 2011 / 09:50 IST
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Here are stocks that are in news today:

MSCI changes effective from November 30
-Bharti, Idea and PFC added
-HDIL, SAIL, IBREL deleted

OMCs cuts petrol prices by Rs 2.22/litre in Delhi
-OMCs cuts petrol prices by Rs 1.85/litre in rest of India
-First price cut by OMCs post deregulation

CAG opens new front against govt, opposes changes in bid norms, extra land acquisitions & move to allow developing more than one UMPP (Mint)
Alert: Tata Power & Reliance Power in focus

Jaypee Development Corp to acquire 7.6 crore shares of Andhra Cements at Rs 12/sh ((CMP: 10.46)), (M-cap: Rs 152 crore) ((Stake post acquisition: 66.64%))
Alert: Andhra Cement to get Rs 235 crore from equity dilution

Varkey group's open offer for Everonn shareholders delayed
-Varkey Group's open offer was scheduled to open on Wednesday
-Varkey Group plans to acquire 20% in Everonn via open offer


Other stocks and sectors that are in news today:
-Karnataka iron ore E-auction base price reduced by 10% (BS)
-Neyveli Lignite opposes further public float citing unfavorable market conditions
-SAIL agrees to let South Korea based POSCO control the JV (ET)
-Coal India may pick up stakes in SAIL, ONGC, IOC & Hindustan Copper (FE)
-NMDC plans to acquire mines in Brazil & USA; to utilize its cash reserves for buy outs
-Chin Info Tech to acquire 14 lakh shares in Swadeshi Industries for Rs 15/sh ((CMP: 3.78))
-Shree Shaleen Textiles board approves allotment of equity shares at a premium of Rs 195/sh ((CMP: 73.65))
-Karuturi Global board approves allotment of 34 lakh shares to Bennett & Coleman on preferential basis at Rs 21.6/sh
-F&O Ban: Gitanjali Gems, Kingfisher Airlines, Ruchi Soya
-Dividend: Page Industries 2nd Interim dividend Rs 12/sh
-Dabur promoters buy stake in Espirito Santo

first published: Nov 16, 2011 08:36 am

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