Results today: Birla Power, Nocil

Omaxe board approves
-QIP (qualified institutional placement) issue up to Rs 1800 crore
-Increase FII investment limit up to 40% from 24%

Pantaloon Retail board approves
-Raising long term funds up to Rs 1000 crore
-Merger of subsidiary Home Solutions Retail with itself
TPG leads race for stake in Pantaloon, retailer looking to sell stake at Rs 400/share – Mint

ONGC says
-Government considering reimbursing company royalty on Rajasthan crude
-No pressure from government to approve Rajasthan block investment: ONGC
-Alert: ONGC holds 30% in Cairn Rajasthan block
From NW18: To levy 4% VAT on Cairn crude output: Rajasthan government aide

Ashok Leyland May Sales
-Total production at 2,657 units versus 8,271 units
-Total sales at 1,977 units versus 5,576 units
-Exports at 280 units versus 415 units

Index changes in Nifty Midcap 50 Index from June 26:
-Inclusions: IDBI Bank, JSW Steel, United Phosphorous, Cummins, Educomp
-Exclusions: Bombay Dyeing, Mahindra Lifespace, Peninsula Land, Kesoram Ind, TVS Motor

Board meets:
-Indage Vintners to consider ADR / GDR / FCCB / warrants issue

Indian ADRs: MTNL down 7%, ICICI Bank down 4%, HDFC Bank down 3%, Wipro down 1%
-Shri Lakshmi Cotsyn to consider Rs 1200 cr capex plan, pref issue
-Shiv Vani Oil on fund raising

Other stocks that are in news today:
Moody’s downgrades Tata Steel to Ba3; outlook stable
HUL plans to sell 49% stake in BPO arm by 2010 – ET
SC allows TVS to manufacture “Fame”, but can’t sell it – BS
Reliance Communication, Alcatel-Lucent close to Rs 3,000 crore outsourcing deal – BS
Areva T&D bags 4 new orders worth Rs 350 crore from Power Grid
Saregama India board approves issue of 27.3 lakh shares on preferential basis
Indowind Energy board meet on June 17 to consider restructuring FCCBs
Ex-dividend: Britannia @ Rs 40

Rishabhdev Technocable follow on public issue closes today

Source: moneycontrol

Tags: bse, nifty, nse, sensex, stocks, stocks in news

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