Stocks in news: Unichem, Fortis, Mahindra Satyam, MMTC

Here are stocks that are in news today:

Infosys on rupee
-For every 1 percent change in rupee-dollar rate; impact of 40 basis points on operating profit margin
-To continue with hedging strategy in short-term
-No reason to change hedging strategy at this point

MMTC offer for sale (OFS) on June 13
-Govt to sell 9.3 percent stake
-Base price to be announced post 3.30 pm today
-Govt expects Rs 250-300 crore through the sale
-Government holds 99.33 percent stake in MMTC
**MMTC OFS base price to be nowhere close to current market price

Andhra Pradesh HC approves Mahindra Satyam-Tech Mahindra merger, subject to conditions 
Court conditions:
-Pending prosecutions against R Raju and others shall continue
-Pending investigations against R Raju & others shall continue
-Future company to be liable to prosecutions & investigations
-Company shall furnish all information needed for Serious Fraud Investigation Office (SFIO)
-All debts & liabilities of Mahindra Satyam will be as they are
-Approved scheme will no bearing on petition filed against company before Company Law Board (CLB) in 2009
 
Mahindra Satyam's chairman Vineet Nayyar says: CNBC-TV18 Exclusive
-Expect merger process to complete in 8 weeks
-Greater synergy will come in for customer post merger
-There will be no reduction in employees post merger
-All pending cases opposing merger have been dismissed
-Minority shareholder case has been dismissed
-RoCs of Maharashtra, AP need to give approval

Oil Minister 
-India in talks to tie up 20 mtpa of LNG supplies
-Landed cost of LNG in India seen at USD 10-$12/mbtu
-LNG pricing fast turning into an issue                           

Other stocks and sectors that are in news today:
-Fortis sells stake in Vietnam arm for USD 80 million
-GoM meet on BSNL, MTNL revival strategy today
-Infosys on global hunt for CEO, hires Egon Zehnder to identify and shortlist candidates
-Pidilite Industries says company to explore inducting a strategic partner for synthetic Elastomer project
-MP govt mulls benefit-sharing levy for captive coal miners – BS (Reliance Power, Essar could be hit)
-Pennar Industries buy back at maximum Rs 40/share
-AV Brila, Coal India eye Rio Tinto assets – Reports
-Unichem Lab - CCI gives green signal to Mylan-Unichem deal
-Agro Tech Foods drops plan to buyback shares
-Winsome Diamonds & Jewellery promoters to infuse USD 50 million into Winsome
-Hanung Toys board to consider stock split on June 12
-SAT to hear Gillette-SEBI case; Gillette had appealed against SEBI's rejection of the proposal for change in shareholding structure
-SEZ board to meet today to consider denotification of RIL SEZ
-IL&FS Engineering gets order worth Rs 266 crore for Gurgoan metro rail viaduct construction

TRAI
-Sets June 25 as deadline for receipt of cable TV user data
-See user-cable operator collusion in user data non-submission