Stocks in news: Emami, Tata Tea, Mount Everest, Satyam

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Stocks in news: Emami, Tata Tea, Mount Everest, Satyam

This article was posted on Jun 22, 2009 and is filed under Press Releases

Alert: Satyam Renamed as Mahindra Satyam

RNRL (Reliance Natural Resources)
-Files caveat in SC (Supreme Court) in gas pricing issue
-Caveat filed to preclude any chance of ex-parte order

Tata Tea
-Increases stake in Mount Everest Water to 40.11%
-Acquires 4.12% stake in Mount Everest via open market in last 4 days

Emami
-Board approves demerger of realty business
-Board approves demerger of FMCG business of Zandu into company
-Offers 14 shares in company for every share held in Zandu

SBI Says:
-No IPO (initial public offering) plans for SBI Life or other subsidiaries
-No immediate plan to go for rights issue
-Not planning GDR/ADR or voting rights for overseas shareholders
SBI in talks with Gulf investors to set up PE fund

Neyveli Lignite FY09
-Net profit at Rs 821.1 crore versus Rs 1,101.6 crore
-Net sales at Rs 3,354.9 crore versus Rs 2,981.7 crore
Neyveli Lignite gets in-principle nod to set up 50 MW wind energy plant in TN

ABG Shipyard 09 Standalone
-Net sales at Rs 1,412.20 crore versus Rs 966.84 crore
-Net profit at Rs 171.10 crore versus Rs 160.68 crore

DCB 09 Standalone
-NII (net interest income) at Rs 197.25 crore versus Rs 186.11 crore
-Net loss at Rs 88.10 crore versus net profit of Rs 38.33 crore

DCB Q4 Standalone (QoQ)
-NII at Rs 40.22 crore versus Rs 51.06 crore
-Net loss at Rs 91.31 crore versus net loss of Rs 3.22 crore

RIL-RPL (Reliance Industries-Reliance Petroleum) merger: Bombay HC adjourns matter on shareholder objection to June 25
BHEL looking for acquiring equity stake in Hungarian company
ONGC, RIL rumored as mystery bidders for UK’s Addax which could be sold for $8.26 billion: Reports
Reliance Communication, China Mobile in tie-up talks – BS
Cairn to start dry runs from June 25 or 26 in Rajasthan field – DNA
ICICI Bank to cut costs, rejig model, move to save Rs 1300 crore – Mint
Hotel Leela sells Goa casino to MDLR
State Bank Of Indore board approves merger with SBI
UCO Bank to cut PLR by 50 bps from June 27
GMR Group may list some holding companies to raise funds; needs Rs 4,000-5,000 crore over 4-5 years: Sources
Cox & Kings plans IPO on BSE in September, expects to raise about $100 million
IFC to give $50 million loan to Apollo Hospitals to expand hospital network
Punj Lloyd board meet on June 24 on fund raising
Sun Pharma gets USFDA approval for generic Accupril tablets
Source says ABB likely to get 4 coal blocks in Madhya Pradesh: NW18
Pyramid Saimira Case: Madras HC appoints prov liquidator to take charge of company’s assets
97.86 crore TCS shares to hit the market ((bonus issue))
Board meets: Texmaco on fund raising