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Stocks in news: Satyam, Ashok Leyland, Dr Reddys, Glenmark

This article was posted on Feb 6, 2009 and is filed under Stock News

Indian ADRs: Satyam down 6%, Infosys down 1%, Tata Motors, HDFC Bank up 3%.
Results today: Ambuja Cement

Satyam update:
-Company has got bank sanctions worth Rs 600 crore
-PC Gupta says all options related to Satyam sale still open

Maytas Infra serves legal notice to Vedanta

Government sources say:
-Most stimulus measures will be announced through interim budget; stimulus to continue till end of February
-Additional allocation in for infrastructure; more fiscal, non fiscal sops for exports
-Rs 2,000 crore for bank recapitalisation; about 9,000 crore bond issue for oil marketing companies

Exclusive: Ashok Leyland
-Has outstanding payment dues of approximately Rs 300 crore to suppliers: Sources
-Has current inventory levels of almost 12,000 units: Sources
-Has taken loan of up to Rs 200-300 crore from banks in Jan ’09: Sources

Telecom: GoM may meet today on freeing up defence spectrum

Dr Reddys gets 5 ANDA approvals for product launches in US market

Government files affidavit in Tata Power versus GoI in Sasan UMPP case

Sterlite close to new deal to buy Asarco, would be lower than $2.6 billion offered last year: Agencies

RoC to inspect books of 150 companies including several listed companies like Glenmark, Swaraj Mazda, Shalimar Paints, Akruti, Malco, Triveni Infra & Uttam Galva – ET

RBI extends forex swap facility for banks up to March 31, 2010: NW18

RBI gives banks two more months up to March 31 to reschedule repayments on loans to prevent them from being classified as bad loans: ET

Big Picture acquires rights of Kites

Tata Motors may roll out Nano on March 3 – BS

Jindal Steel defers Orissa Plant by a year – DNA

Hydro S&S buy back at max Rs 60/sh ((CMP Rs 26.20))

KSK Energy fund winds up, goes for liquidation – Mint

Vishal Retail to shut down 1/3rd of its stores; cut down staff by 70% – BL

Ashapura Minechem to invest Rs 4,200 crore to set up alumina complex in Maharashtra

Kingfisher says deferred delivery of A380 planes to 2014: DJ

Hindustan Motors promoters pledge 16.3% stake in company to ICICI Bank

Karuturi Global says promoters pledged 18.77% stake with Yes Bank

Alchemist says promoters pledged 12.07% stake with Bank of Rajashtan

Niraj Cement Structurals
-Bags Rs 98 crore order in Haryana; JV bags another Rs 135.2 crore order in Haryana ((has 75% in JV))

Kotak Realty Fund buys 10% by converting warrants in Sunteck Realty ((listed co))

NSE bars further F&O positions in Akruti as 95% of market wide limit reached

source: moneycontrol

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