Here are stocks that are in news today:

Wockhardt
-To refer company to CDR cell for financial restructuring through ICICI Bank
–Annual audit for year ended 2008 to be completed by April 25, 2009
-Alert: Wockhardt’s debt equity ratio at 2.3x as on December 31
-Alert: Wockhardt’s net debt at Rs 3,400 crore as on December 31, 2008

Jet Airways
-Bombay HC issues warrant of attachment to Jet in Sahara default case: Sources
-Approaches Bombay HC regarding warrant of notice; may seek stay on Sahara’s execution application
-Removable property including aircraft, office equipment of Jet could be attached: Sources

Suzlon
-Plans to restructure terms of convertible bonds worth $500 million due in 2012
-COO says got orders worth 550-600MW in Jan-Mar: NW18

Future Capital Holdings board approves:
-Transfer of retail financial services & wholesale credit division into wholly owned subsidiary Future Capital Financial Services
-Merger of wholly owned subsidiary Future Capital Credit & a NBFC with wholly owned subsidiary Future Capital Financial Services

US Auto crisis puts Rs 5000 crore deals at risk, TCS to be worst hit – ET
CNBC Alert- Co’s have clarified that the existing contract are not impacted

Other stocks and sectors in the news
US FDA issues warning to Glenmark to stop producing Morphine Sulphate tables (Pain killer drug)
PSU Oil companies to up ATF prices by 10% from today
M&M, Swaraj resolve brand issue, later can use Swaraj name for 2 more years – ET
Dewan Housing cuts rights issue size to Rs 95 crore from Rs 105 crore
MindTree restructures business into 5 main units
Firstsource Solutions buys back FCCBs worth $16 million
Geodesic buys back FCCBs worth $8.5 million
Nahar Industrial buys back FCCBs worth $9.8 million
Monnet Ispat says warrant holders not to convert 50 lakh warrants
West Coast Paper to invest Rs 1300 crore to increase capacity from 180000 TPA to 320000 TPA
MIC Electronics bags orders worth Rs 22.15 crore
Canara Bank cuts BPLR by 50 bps to 12%: NW18
Vijaya Bank Cuts BPLR By 50 bps To 12.25% From Today
PNB cuts rates on select retail deposits by 50-100 bps on select tenures
Finance Ministry Official Says: Bank Of Maharashtra likely to be recapitalised in August, Govt may infuse over Rs 600 crore
Board meets:
-Bajaj Hindusthan on issue of shares / convertible warrants to promoters on preferential basis
-S Kumars Nationwide on conversion of debentures into shares

Indian ADRs: Patni Computer up 7.6%, HDFC Bank up 9.13%, Tata Communication up 8.35%, Dr Reddys Labs up 9.76%

source: moneycontrol.

Tags: firstsource, Future Cap, Jet Air, mic electronics, pnb, Suzlon, vijaya bank, west coast paper, Wockhardt

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