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Stocks in news: Idea, Neyveli, DCB, AP Paper, Maruti

Monet Ispat | Balrampur Chini | Idea | Spanco | Neyveli Lignite | DCB | Smartlink | AP Paper | S Kumars | Asian Paints | Jagran Prakashan | Shiv Vani | Vishal Retail | HT Media and Maruti Suzuki are stocks, which are in the news today.

April 07, 2011 / 08:48 IST

Here are stocks that are in news today:

Jaipal Reddy Says
-Cairn-Vedanta deal referred to GoM headed by FM
-GoM to go into issues of  royalty & cess
-CCEA felt more deliberations were needed, a decision  should not be taken in a hurry
-I do not know about  deal deadlines'
-No difference of opinion royalty is cost recoverable and cess has to be paid by consortium and not just ONGC
-Not sending a negative signal to investors; we have not said no to deal
-Govt cannot be expected to give approval by their timeframe
 
Oil Secretary says
-Expect GoM to take a call within weeks
-GoM view will be considered by CCEA
-GoM to be formed in couple of days
-Presume there should not be any problem with open offer
Sources say
-2 ministries came out with objections, led to matter being referred to GoM
-Deal will go back to CCEA after GoM's decision

Vedanta says
-Hopeful that GoM will make an early decision, open offer documents have been mailed
-Open offer will open on April 11, close on April 30 as scheduled

Maruti Suzuki
-To recall 13,157 diesel engine cars
-To recall Swift, DZire, Ritz diesel models
-Diesel car recall due to faulty connecting rod bolt

Anand Mahindra on SEC issue
-SEC has been in dialogue with us for a while
-Way of closing chapter for us as far as SEC is concerned
-All major litigations a closed chapter now

Other stocks and sectors that are in news today:
-Raymond Bickson says Indian Hotels will be at par with 2008 growth rate
-Vishal Retail board meets on April 9 for change of name, other objects of business
-Shiv Vani board approves raising Rs 500 crore via QIP of equity/NCD
-Infinite Computer board meets on April 11 to consider buyback
-In F&O Ban: Deccan Chronicle, Kingfisher, Suzlon
-Shoppers Stop opens new store at Pune, takes total strength to 39
-UBS initiates coverage on Jagran Prakashan with buy, target Rs 145 ((CMP: rs 123))
-UBS initiates coverage on HT Media with buy, target Rs 180 ((CMP: Rs 149))
-LIC sells marginal stake in Asian Paints, stake down from 5.94% to 5.88%
-Copthall Mauritius hikes stake in S Kumars from 4.94% to 5.20%
-Kolkata based investment firm Maryada Barter buys 2.25 lakh shares of AP Paper at Rs 397.50/sh in block deal
-India Fund Inc buys 13 lakh shares of DCB in block deal
-Ashish Dhawan buys 2.37 lakh shares of Smartlink via block deal ((No mention on NSE whether its Ashish Dhawan of ChrysCap))
-Neyveli Lignite says record 18 billion units of power generation in a year
-Shilpi Cable Technologies lists on April 8th (tomorrow)
-Etisalat issued termination notice for Delhi, Mumbai; Aircel issued termination notice for 3 circles
-DoT to issue another 9 notices in 2-3 days
-Global update: Genpact to acquire IT services co Headstrong for USD 550 million
-Spanco gets order worth Rs 61 crore from Punjab Govt
-Telecom ministry may impose Rs 300 crore penalty on Idea as it holds over 10% stake in two mobile companies

first published: Apr 7, 2011 08:31 am

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