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Stocks in news: ITI, Cairn, M&M, BHEL, BPCL, Ranbaxy

This article was posted on Jun 18, 2009 and is filed under Press Releases

Results today: Zee News, Gujarat Alkalies, TV Today, Prithvi Info, Opto Circuits, Dish TV, Surya Roshni

Aircel – Exclusive:
-Aircel, Huawei close to signing $400 million outsourcing deal
-Deal for managed services across Andhra Pradesh, TamilNadu, Kerala and Karnataka for 3 years
-Aircel, Huawei refuse to comment
-Alert: Aircel is 74:26 JV of Maxis Communications and Apollo Hospital

ITI – Exclusive: Sources
-Huawei ‘seriously evaluating’ bidding for ITI’s 3 manufacturing units
-Alert: ITI’s 3 plants in Bangalore, Rae Bareli and Nainital; currently loss-making

M&M (Mahindra and Mahindra): Exclusive
-MDS-BAE Systems: in talks to launch Bradley Range of armoured fighting vehicles
-Alert: MDS stands for Mahindra Defence Services
-M&M may assemble Bradley Vehicles in India for BAE Systems

BHEL – Mint Exclusive:
-BHEL to partner with private firms for Hydro-power Project
-BHEL in talks with Patel Engineering for a partnership

RBI sources:
-Banks can hedge G-Securities, loans in Interest Rate Futures Market
-Banks permitted to take trading positions in Interest Rate Futures
-RBI, Govt still debating on extent of G-Securities short selling

Forbes Exclusive: Cairn India
-To start test runs at its Mangala field next week: Srcs
-To go into international arbitration over cess after production starts: Srcs
-To start full production at Mangala field by July 10: Srcs
-Officials to meet Rajasthan CM next week to sort out VAT issue: Srcs

Other stocks that are in news today:
Hindalco eyes coal mines in Australia, deal worth $70-80 million – ET
Bharti rules out FDI in DTH business – ET
US based Medicis Pharma Corp sues Ranbaxy for alleged infringement of patent drug Acen – BS
Neyveli Lignite back in disinvestment list, DMK spokesperson says will oppose such move – FE
Zandu pharma board meet on June 19 for restructuring with its holding company Emami
LIC hikes stake in Ultratech Cement to 6.6% versus 4.7%; cuts stake in UBI to 7% versus 9.18%: NW18
BPCL raises Rs 700 crore via oil bond sale: NW18
Wockhardt sells its German unit to Mova Pharma for nearly Rs 120 crore; declines comment on deal
Amtek Auto board approves: Restructuring terms of FCCBs; issue of further FCCBs / QIP issue
Zandu Pharma board meet on June 19 on restructuring business with holding co Emami
GSS America board meet on June 20 to consider acquisition of US-based co with revenues of $ 24 million
Dish TV comes out of NSE F&O curb
Ex-dividend: BoB @ Rs 9, Union Bank @ Rs 5
Ex-event: D-Link India scheme of arrangement

Indian ADRs: Satyam down 8%, Tata Motors down 4%, HDFC Bank down 2%, Infosys up 1%

Source: moneycontrol

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