Results today: Jet Airways, GHCL, HCC, Dishman, REC, Karnataka Bank, Tourism Finance

Alert: Pranab Mukherjee to assume charge of Finance Ministry today

Unitech board approves
-Increase in paid up capital by up to Rs 200 crore
-Issue of up to 227.5 million warrants @ Rs 50.75 to promoters ((CMP Rs 71.25))

Suzlon
-Promoters to sell 60 million shares via block deal today: Source
-Promoters expect to raise around Rs 550 crore – DNA

Future Group – Exclusive: Sources Say:
-Carrefour, Future Group in talks to strike alliance
-Investments may come into Future Fashion Merchandise

HDIL Q4 (QoQ)
-Revenues up 16% at Rs 388 crore versus Rs 334 crore (QoQ)
-Net profit down 18% at Rs 62 crore versus Rs 75 crore (QoQ)
HDIL board approves raising $600 million via QIP, issue of warrants to promoters

Edelweiss Capital Q4 Consolidated (QoQ)
-Net sales at Rs 180.08 crore versus Rs 198.53 crore
-Net profit at Rs 40.93 crore versus Rs 38.13 crore

Global Results
Taro Q1CY09 YoY
-Net sales up 8% at $85 million versus $78 million
-Net Profit up 47% at $11 million versus $ 7 million
-EPS at $ 0.27 versus $ 0.19

Other stocks that are in news today:
Matrix Labs delisting offer at Rs 150/sh opens today ((CMP Rs 167))
Malvinder Singh steps down from Ranbaxy with immediate effect, Atul Sobti is new CEO
Satyam says 4 Tech Mahindra arm nominees appointed on board effective June 1
L&T CEO says company still looking at selling medical equipment unit: NW18
Bajaj’s low cost bike pegged at Rs 20-24k – BS
Crompton Greaves eyes overseas acquisitions – BL
Spanco to issue 1 crore shares to promoters at revised price of Rs 40 versus Rs 35/share before ((CMP Rs 51))
Sources say Religare to tie up with Swiss Re for health insurance JV
Ansal Housing board meet on May 26 on preferential issue
Era Infra bags two new orders worth Rs 199 crore
Agro Dutch board approves issue of 2 crore convertible warrants to promoters
Pacific Industries to resume trading from today

Put call option policy may be dropped from disinvestment programme in UPA regime – ET

source: Moneycontrol

Tags: Agro Dutch, Ansal housing, Bajaj, Crompton, Era Infra, l&t, Matrix labs, Pacific industries, Spanco, stocks in news

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