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Stocks in news: KS Oils, Suzlon, HDIL, HCL Tech

KS Oils | Tata Power | NMDC | Voltas | NTPC | Vishal Retail | Suzlon | HDIL | ARSS Infra | Lupin and HCL Tech are stocks, which are in the news today.

September 21, 2011 / 13:47 IST
     
     
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    Here are stocks that are in news today:


    Prakash Constrowell IPO with a price range of 130-138/sh closes today
    QIB's: 0.31 times (x)
    NII's: 0.52x
    RII's: 1.40x
    Overall: 0.73x
    RDB Rasayans IPO of 45 lakh shares with a price range of 72-79/share opens today


    Pharma FDI
    -Commerce minister Anand Sharma writes to PM on pharma FDI
    -Anand Sharma critical of Arun Maira panel on pharma FDI
    -Arun Maira is member, planning commission
    -Anand Sharma points fingers at delay in Maira recommendations
    -'Time has elapsed in forming panel, terms of reference'
    -'Deliberations of panel are getting prolonged'
    -'Meanwhile, possible takeovers of indian pharma companies'
    -'Concerted attempt to blunt challenge of Indian generics'
    -'Indian generics are a major challenge to MNCs'
    -'Merit in concerns of Health Ministry on pharma takeovers'
    -'Seeks FDI in pharma to be put on approval route'
    -'Okay with 100% FDI via auto route only for greenfield'
    -'Possibility of MNCs working in tandem as cartel'
    -'If takeovers allowed at same, production capacity to be limited'
    -'Adequate capacity does not exist public sector pharma'
    -Arun Maira panel asked to promote pharma investment


    Kishore Biyani on DIPP says
    -New definition of group co what industry wanted
    -New definition has removed doubts; is clearer
    -New definition specifies permissible wholesale extent
    -DIPP's new definition eases definition of group co
    -Foreign wholesalers could sell only 25% to front-end group company
    -No govt statement has suggested direct FDI in retail
    -Never said in talks with Carrefour
    -Will confirm if in talks with Carrefour after FDI allowed
    -Affordable rent mantra of mall developer, retailer partnership
    -Festive sales in the east showing positive trend


    CBI submits report in SC against Dayanidhi Maran, Arun Shourie
    Sources say
    -No clean chit to Maran, no evidence against Arun Shourie
    -Investigations still on against Pramod Mahajan
    -Essar-Loop chargesheet delayed again


    HCL Tech: Sources
    -HCL Tech likely to have bagged part of Deutsche Bank IT contract
    -Deal for IMS, managed services, application development
    -Deal likely to be around USD 300 million over 5 years
    -Part of Deutsche Bank deal awarded to TCS
    HCL Tech says
    -Cannot comment on market speculation


    Lupin gets US FDA approval for Oral Contraceptive Norethindrone
    -To start shipping generic Norethindrone to US shortly

    Other stocks and sectors that are in news today:
    -KS Oils sale may hit a hurdle as accounting issues & a loss of around Rs 400 crore deters buyers (ET)
    -Future Group in talks for a JV with Japanese based Convenience Store Chain. Japanese company to invest Rs 3000 crore in first tranche (ET)
    -HDIL to sell Virar Land to raise Rs 650 crore & repay its debt; company has put 5 million sqft of land of the block & already sold 1 million sqft to local developer (ET)
    -Welspun Infra buys 50% in a Rs 400 crore project developed by ARSS Infra in Orissa (ET)
    -Kerala to take back 85 acre land back from Suzlon, govt says the company encroached on people's land (BS)
    -TPG, Shriram Group could split Vishal Retail partnership on Shriram group's inability to infuse more money (FE)
    -NTPC to use spare land to cross acquisition hurdle (FE)
    -Voltas leads race to buy Wipro's water business
    -Australian based Legacy Iron Ore approves NMDC bid for acquiring a majority stake for around Rs 158 crore (Mint)
    -Monsoon sinks Coal India output hopes as production to remain flat due to excessive rains in eastern India; hopeful of 5% growth (DNA)
    -Mundra Project may cause Tata Power a Rs 500 crore loss on Indonesia's decision to benchmark its coal to international prices (DNA)
    -L&T set to partner Hindustan Shipyard for ship building (BS)
    -Ex Date: Bajaj Hindusthan Rights Issue in the ratio of 2:1 at premium Rs 36/sh ((CMP: 46.95))
    -F&O ban: ABG Shipyard, Gitanjali Gems
    -Govt says lifts ban on onion exports

    first published: Sep 21, 2011 08:25 am

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