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Last Updated : Feb 09, 2012 09:40 AM IST | Source: CNBC-TV18

Stocks in news: Gammon Infra, Ansal Properties, Cairn, ACC

Gammon Infra | Ansal Properties | Cairn | Gayatri Projects | SAIL | Tech Mahindra | ACC and Ambuja Cements are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today - Tata Steel, Hindalco Industries, HPCL, ACC, Ambuja Cements, Adani Enterprises, Apollo Tyres, Jindal Saw, Anant Raj Industries, Core Projects, Dishman Pharma, Fortis, Gammon India, J Kumar Infra, KRBL, Moser Baer, MRF, Natco Pharma, NDTV, Orbit Corp, Page Industries, Talwalkar, Tree House Education, TV Today, TV18 Broadcast, Indiabulls Securities, Ruchi Soya, Kernex Micro, GSPL, Zicom Electronic, Tilaknagar Industries, VA Tech Wabag, GTL Limited, GTL Infrastructure, Shasun Pharmaceuticals, GNFC, Cummins India, Moser-Baer, JK Tyre, Venky's India

Tech Mahindra - Boardroom
-No delay in merger with Mahindra Satyam due to legal tussles
-To finalize merger details this quarter
-Mahindra Satyam working on options against properties attached by CBDT  
-Trend of telecom companies looking at off shoring a big positive
-From cancelled telecom licenses, company were working with Etisalat
-Exposure to Etisalat is a tiny fraction
-Confident Etisalat will honor its commitments towards the company
-US market went up by 2%; Europe saw decline of 6.7%
-Managed service, platform biz continues to see traction

SAIL says: Reuters
-To invest Rs 1,600 crore in universal rail mill in Bhilai
-Universal rail mill likely to be operational by next year

-Amends listing agreement to incorporate IPP & OFS
-Removes block deal option for promoters to meet 75% threshold
-Companies required to adhere to minimum 25% public float by June 2013
-Introduced IPP, OFS norms to meet public shareholding norms
-Promoters of top 100 companies by market cap can also use OFS
-Mandates use of proceeds disclosure in warrant/ rights issue

Other stocks and sectors that are in news today:
-Gammon Infrastructure Projects gets Rs 1684 crore Andhra Pradesh Highway Project from NHAI
-Ansal Properties sold 1.94 million sq ft for Rs 240 crore in January
-Cairn India Rajasthan block output 133,000 bpd versus 125,000 earlier
-Gayatri Projects board meet on February 11 to consider and approve the size, issue price of rights Issue
-India Securities completes stake sale of 5.48% in Vodafone India to Piramal
-F&O Ban: Aban Offshore, ABG Shipyard, Jet Airways    
-Tata Communications to buy 5.7% stake in Green Infra Wind

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First Published on Feb 9, 2012 08:17 am
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