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Stocks in news: PNB, RIL, DB Corp, JSPL

Stocks in news: PNB | RIL | DB Corp | JSPL | Shriram Transport Finance | Strides Arcolab | Mercator | Maruti Suzuki | Electrosteel Steels | Electrosteel Castings IGL | Cipla and Bharati Shipyard are stocks which are in news today.

May 09, 2012 / 09:08 AM IST
 
 
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Here are stocks that are in news today:


Results Today: PNB, Ranbaxy, ABB, Union Bank, GVK Power, IRB, Arvind, United Breweries Holdings, NIIT, Geodesic, Gammon Infra, Gati, Uttam Galva, Network 18, TV 18, Jubilant Inds, Manglore Chem, Century Ply, Usha Martin, Vardhaman Text, Zuari, Zydus, Triveni Engineering, Disa and FIEM


Listing Today
Tribhovandas Bhimji Zaveri, issue price Rs 120


RIL cuts D6 block proved gas reserves estimated by 7%
Mukesh Ambani Says
FY12 tough year with unprecedented economic uncertainty in Europe
Global events had effect on demand, margin outlook
'Successful in insulating & de-risking our biz portfolio'
BP partnership has redefined local oil & gas biz strategy
India Gas sols pvt, a 50:50 joint venture with BP
Unforeseen reservoir complexities affected KG-D6
Important steps taken in assessing overall reservoir management options
Shale gas JVs likely to be a growing contributor to future


FM Says:
India cannot be tax haven just to attract foreign funds
Other countries have amended tax rules retrospectively
Law making power lies with parliament
SC may interpret law; but parliament can amend law
To bring white paper on black money in current session


DB Corp promoter Jyoti Agarwal to sell 90 lakh shares via open market
DB Corp promoter sets Rs 196/sh floor price for share sale (CMP Rs 198.5)


Central Bank Says
Slippages in Q4FY12 at Rs 3,300 cr
Completed system based NPA recognition
Expect to return to strong earnings in FY13
High provisioning requirement due to restructured assets
High slippages seen due to some corporate accounts
NPA rise also due to 2-3 major a/c’s on steel & agri sector

Other stocks and sectors in the news
JSPL acquires 9.25% stake in Australia’s Apollo Minerals
Shriram Transport Finance okay’s raising up to Rs 2,000 cr via NCD
Zydus Cadila in early talks to buy Strides Arcolab's local generic business (no valuations) - ET (Strides denied selling stake)
Mercator forfeits 1.67 cr warrants out of 1.89 cr warrants as investors do not convert it into equity shares Warrants granted at Rs 55/sh
Maruti Suzuki raises DZire introductory price by up to Rs 12,000
Electrosteel Steels to raise Rs 250cr through preferential allotment to Electrosteel Castings at Rs 10/sh, also to raise USD 150 mn through FCCB'S/ GDR
EPC Ind (M&M group co) right issue of Rs 41.43 cr, ratio 3:5 at Rs 40/sh
Airline FDI unlikely to be cleared in the budget session- Mint
IGL vs PNGRB case adjourned to May 22
Cipla chairman says considering cutting price of more cancer drugs
Bharati Shipyard lenders clear Rs 5600 cr debt recast - ET

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