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Stocks in news: BHEL, Sun Pharma, Geojit, Sterlite, Era

This article was posted on Jul 13, 2009 and is filed under Press Releases

Results today: Axis Bank, Motilal Oswal, Gammon Infra, Indowind Energy, ETC Networks, TVS Electronics, Era Infra

BHEL CMD Says
-In talks with Sheffield UK for tech transfer in JV (joint venture)
-In casting & forging JV with Sheffield UK, to invest Rs 1,000 crore in JV
-In talks with Areva & Bharat Forge for stake sale in JV

Sun Pharma
-In pact with Forest Lab to settle Escitalopram dispute
-To get upfront payment, royalty from Lundbeck pact
-To license out Escitalopram, Citalopram to Lundbeck

Infomedia Q1 YoY
-Revenue down 14% at Rs 19.18 crore versus Rs 22.25 crore
-EBITDA (earning before interest, tax, depreciation and amortisation) loss of Rs 5 crore versus Rs 4 crore
-Net loss of Rs 10.7 crore versus net profit of Rs 13.26 lakh

Geojit Financial Q1 YoY
-Net sales up 61% Rs 70 crore versus Rs 43.50 crore
-Net Profit up 87% at Rs 13.25 crore versus Rs 7.1 crore

Mahindra Holidays to list on July 16, IPO issue price Rs 300 a share
Mahindra Satyam recalls 600 employees from virtual pool in last 2 weeks
Jet Airways fires 43 employees as part of cost restructuring exercise
Sterlite Energy plans to raise Rs 3000 crore via IPO – DNA (100% subsidiary of Sterlite)
Allcargo Global hunts for buys abroad – DNA
Bajaj Hindusthan comes out of NSE F&O curb
IL&FS Investment Managers board meet on July 15 on stock split
Board meets: Era Infra on QIP issue, increase in FII investment limit from 40% to 65%
1.6 crore Dewan Housing shares to hit the market on July 13 ((QIP issue))
1 crore Emami shares to hit the market on July 13 ((QIP issue))
Ex-dividend: ITC @ Rs 3.70

Indian ADRs: Infosys up 4%, Satyam, Wipro up 2%, Tata Motors down 2%, ICICI Bank, HDFC Bank down 1%

source: moneycontrol

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