Stocks in news: ABG Ship, Great Off, Rel Infra, HCL Tech

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Stocks in news: ABG Ship, Great Off, Rel Infra, HCL Tech

This article was posted on Aug 5, 2009 and is filed under Market News

Mint Exclusive: Sources
-Tata Motors in talks with SBI for JLR loan;
-SBI to counter-guarantee UK Govt guarantee

ABG Shipyard
-Ups Great Offshore open offer price to Rs 520/share
-Says bought 1.5 lakh Great Offshore shares on Monday at average of Rs 498.4/share

Cairn India says
-Did not issue press release on production of crude from Rajasthan field
-Press release is a hoax, issued fraudulently without consent

Andhra Govt Says:
-RIL to pick up 67% in Krishna Godavari gas network
-GSPC to hold 11% in Krishna Godavari gas network

Ashok Leyland
-July total sales at 4,065 units versus 6,202 units;
-Exports at 505 units versus 700 units

Exclusive: Sources
-Proposed safeguard duty levy on HRC to be taken up again
-Safeguard levy of 25% proposed on hot rolled coils
-DGS proposed 25% duty on steel makers’ demand

Board meets:
-ING Vysya Bank on GDR / FCCB / QIP / rights issue
-Kemrock Industries on ADR / GDR / FCCB issue

Cognizant Q2
-Revenue up 4% at $776.6 million (QoQ)
-Net profit up 25% at $141.3 million (QoQ)
-Q3 guidance: revenue growth seen up 3% at $800 million
-CY09: revenue guidance increased to 11.5% growth
-CY09 guidance: revenue growth seen at $3.14 billion
-Alert: CNBC-TV18 revenue poll was $774 million

Other stocks that are in news today:
Axis Bank to raise funds via 7.14 crore shares QIP, GDR issue
Reliance Infrastructure gets Rs 11,000 crore Mumbai Metro II project
Exclusive: HCL Tech BPO in final stages of UK acquisition, deal size between $100-150 million
Tata Steel source says company in talks for supply to Toyota’s small car project: NW18
HCC gets Rs 229 crore order for Goshikhurd Power Project
WWIL board approves - Rights issue of 23.67 crore shares at Rs 19/share; ratio of 109 shares for every 100 shares
PVR board approves merger of 100% subsidiary Sunrise Infotainment with itself
Deccan Chronicle buy back opens on August 12 ((offer at up to Rs 100/share))
Aegis Logistics buy back opens on August 10 ((offer at up to Rs 143/share))
Indiabulls-MMTC get FMC nod for Indian Commodity Exchange
Harbinger backs Sterlite in Asarco acquisition ((Harbinger is among largest bondholders in Asarco; had offered $500 million for stake in company))

Indian ADRs: Satyam up 7%, Infosys, Wipro up 1%, Tata Motors up 4%, ICICI Bank down 1%

source: moneycontrol

Tags: ABG shipyard, andhra, Ashok Leyland, cairn, cognizant, Great Offshore, ing vysya bank, stocks in news, tata motors