Stocks in news: Jindal Steel, Power Grid, Unitech, GVK

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Stocks in news: Jindal Steel, Power Grid, Unitech, GVK

This article was posted on Jun 17, 2009 and is filed under Press Releases

From PTI: Godrej Consumer
-Godrej Consumer Products acquires 50% in JV with Swedish SCA hygiene products
-CNBC-TV18 ALERT: Godrej already held 50% in the JV

Board meets today
-WWIL, GSFC, Spice Communication, Trent, SICAL Logistics: Results
-Indowind: To consider FCCB issue
-Kaaveri Telecom: Rights issue

Exclusive: NHAI says
-May scale down BOT (build-operate-transfer) toll highway projects to be awarded this year
-Alert: NHAI was to invite bids for 70 BoT tolls worth Rs 70,000 crore in next 4 months
-Projects not viable as BoT toll to be annuity based

Power Grid FY09
-Net profit at Rs 1,690 crore versus Rs 1,448 crore
-Net sales at Rs 6,676 crore versus Rs 4,702 crore

Bajaj Auto: Sources Say:
-To launch the fastest bike made in India on June 23rd
-New 220 Cc Pulsar’s speed over 140 Kmph
-New bike likely to compete with Yamaha’s R15 and FZ16 ((which have eroded Bajaj’s Pulsar market share badly))
-Bike likely to be priced around Rs 70,000 (ex-showroom, Delhi)
-Aims to maintain its 50% market share in sports bike segment
-CNBC-TV18 ALERT: Sports bikes segment priced Rs 65,000 and above
-CNBC-TV18 ALERT: Yamaha R15 sells about 1500/month including exports
RBI bars FII buying in Bajaj Auto as 24% limit is hit

HSBC Holdings:
To make delisting offer for Investsmart, to make offer for residual 6.14% stake in Investsmart

Other stocks that are in news today:
Jindal Steel and Power to replace RPL (Reliance Petroleum) in Nifty from today
Jaiprakash Associates’ 21.7 crore treasure shares to list today; shares created on account of amalgamation of group companies
CNBC-TV18 exclusive: DoT (Department of Telecom) proposes 17 July for inviting 3G Applications
FIPB may take up Telenor proposal to hike stake in telecom JV Unitech Wireless to 74% on Friday: PTI
Dish TV still in NSE F&O curb period
US based Indigo partners have shown interest in funding Kingfisher – ToI
MIAL, a JV between GVK and Airport authority has put 200 acres of land on block valued at around Rs 10,000 crore – ET
KKR owned First Data emerges successful bidder for ICICI Bank’s PoS, deal valued at Rs 350 crore – ET
Hotel occupancies dip 30% in April-May as companies cut costs – ET
Max India looks to sell 23% stake in New York Life Insurance once FDI in insurance in hiked – BS (Max life holds 74% stake)
Mahindra Holidays IPO opens on June 23, close on June 26 (other stocks like Sterling Holidays, Country Club to be in focus)
Sundaram Brake rights issue closes today, issue price Rs 122, ratio 9:20
Godrej Consumer buys out JV partners SCA’s stake in Godrej SCA Hugiene – DNA
Federal Bank, Catholic bank merger likely in a month – BL

Candian firm may buy 5% in NSE, rope in IL&FS – Agencies

ADR update: Satyam up 14%

source: moneycontrol

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