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Stocks in news: IOC, Satyam, Tata Motors, Ashok Ley

This article was posted on Feb 5, 2009 and is filed under Stock News

Indian ADRs: Satyam, MTNL down 4%, Infosys, Wipro, HDFC Bank down 1%

Results today: ACC
NSE notifies cross margining norms across cash & F&O segments, to begin from February 9
Montek Singh says Fiscal Stimulus needs to continue into next fiscal…

Satyam says Telstra has invited company for deal process: DJ

Government issues total of Rs 21,942 crore oil bonds to IOC, HPCL, & BPCL

Tata Motors fails to pay vendors, suppliers – ET

Ashok Leyland January sales down 73% to 2444 units versus 9112 units (YoY); up 6% (MoM) versus 2307 units

Cipla:
-Patent office upholds Roche’s patent on anti infective drug Valcyte
-Decision will let Roche continue patent infringement case against company in Mumbai HC
-Alert: Madras HC earlier set aside patent asking patent office to review decision

Glenmark subsidiary gets US FDA approval for lithium carbonate capsules

SEBI says no comment on Educomp complaint against bear cartel: NW18

Edserv Softsystems IPO opens today; offer of 39.7 lakh shares, price band Rs 55-60 ((first IPO since Alkali Metals, which opened on October 7 & listed on November 6, 2008))

Diageo wants more than 15% in United Spirits, company wants to share almost equal stake and management control – ET

Dalmias in talks to buy Jain’s 8% in GHCL – ET

Ispat creditors agreed to relax re-payment schedule of Rs 586 crore – ET (Lenders include IDBI, ICICI, IFCI & UTI)

Institutions demand Avaya open offer – ET

SpiceJet says need 100% load factor to breakeven

MTNL commercial launch of 3G services today

Tata Metaliks gets prospecting license for iron ore in Sindhudurg, Maharashtra for two years

Torrent power promoters pledge 11.07% stake

Shyam Telecom promoters pledge 19.52% stake to SBI

BSL says promoters have not pledged any shares

LG Balakrishnan promoters pledge 4.28% stake via associate companies

LIC acquires 2.1% stake in Union Bank, 0.55% stake in Cummins

Alfa Laval AB garners 12% in Alfa Laval open offer, stake up to 89%

Mangalam Cement buyback opens today; offer of up to Rs 21.5 crore up to Rs 75/sh ((CMP Rs 49))

Kilburn Engineering board approves buyback up to 11 lakh shares up to Rs 40/sh ((CMP Rs 18.80))

Aarti Industries board meet on February 7 on amalgamation of Avinash Drugs & Surfactant Specialities with itself

BGIL Films board meet on February 12 on merger / takeover of some divisions of Bharatiya Global Infomedia

Board meets: Sundaram Brake on rights issue

Ex-split: Rei Agro from Rs 10 to Re 1 ((goes into ND period, out on Feb 12))

8.7 cr Sanwaria Agro Oils shares to hit the market ((bonus issue))

source: Moneycontrol

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