Alert: June IIP data today

RIL-NTPC gas dispute: from agencies
-RIL files caveat in SC ahead of NTPC appeal
-NTPC expected to move SC against Bombay HC ruling in July
-Bombay HC allowed RIL to amend plea in gas dispute with NTPC

Exclusive: IndusInd Bank
-QIP issue closes; raises $100 million: Sources
-QIP issue priced at Rs 87.5/share: Sources
-Alert: Post issue equity dilution of 13%

Mint Exclusive
-NTPC, NHPC, PGCIL and PFC to sell entire stake in PTC
-4 PSU promoters together hold 16.32% stake in PTC
-Move prompted as PTC competes in utilities space
-Final decision on stake sale requires cabinet approval

Ranbaxy Says
-Can produce Oseltamivir API and formulations for Swine Flu
-Can provide close to 1 million Oseltamivir Capsules

Sun Pharma
-Gets US FDA nod for generic Imitrex & Eloxatin
-To enjoy shared exclusivity for generic Eloxatin
-Alert: Eloxatin is anti-cancer drug with annual US sales of $2.3 bn

UCO Bank – Exclusive: Sources Say
-UCO Bank’s General Insurance Venture to consist of banks’ consortium
-3-4 mid-sized domestic banks to hold 74% stake in venture
-Foreign partner to hold 26% in UCO Bank’s General Insurance Venture

Other stocks that are in news today:
NHPC IPO closes today: Subscribed overall 6.2x; QIB 9.5x; HNI 2.4x; Retail 1.25x
Deccan Chronicle buyback opens today, offer up to Rs 180 crore, maximum price Rs 100 a share
Raj Oil Mills to list today, issue price Rs 120 a share
Board meet: Adlabs Films to consider rights issue
Novartis, Australia’s CSL may get H1N1 vaccine order from central government – BS
Cadila to apply for clinical trials for swine flu vaccine: PTI
Apollo Tyres plans Rs 700 crore capex ((essentially to counter Michelin’s plans of green field project in India, Michelin has been a seller in Apollo Tyre in open market))
PNB to cut home loan rates to 8.5% this week – HT
MCA may initiate prosecution against Ackruti City
Sarla Gems open offer at Rs 10/share
Prism Infomatics open offer at Rs 65/share

source: yahoo finance

Tags: Ackruti City, Apollo Tyres, Cadila, Deccan Chronicle, indusind bank, Novartis, pnb, Ranbaxy, ril, Sarla Gems, sun pharma, UCO Bank

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