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Stocks in news: Satyam, Tata Motors, DLF, RIL, Novartis

This article was posted on Mar 27, 2009 and is filed under Stock News

Here are stocks that are expected to remain in news today:

Satyam – Exclusive
-Sources say Spice Corp may send fresh letter to Satyam board
-Spice Corp will start due diligence once Satyam replies to queries: Sources.
2 bidders start due diligence on Satyam; IBM 1 of them ((Reuters report says IBM not bidding))

Tata Motors – Industry source says: From NW18
-Tata Motors mulls options to manufacture Nano
-Tata Motors mulls contract, kit assembly options for Nano
-Contract manufacturing, kit assembly to cut Nano cost
-Nano making contract may continue even after Sanand operations

New listing:
-Brandhouse Retails; no circuit filter today
((demerged entity of S Kumar’s promoters, co does not hold any stake))
-FIIs need RBI nod to buy further shares of company as their holding reaches 24% limit

Other stocks and sectors in the news
-IT stocks in focus: Accenture cuts forecasts on economic downturn
-IFCI capital reduced on cancellation of 2.46 crore shares or 3.2% held by LIC of India ((LIC held 8.6 cr shares or 11.3% stake as of Dec 31))
-Godrej may buy out JV partner Sara Lee in Godrej Sara Lee – ET
-Steel cos operating in full capacity after 5 months of lull – ET
-DLF cuts rates in Gurgaon project by 20% – ET
-RIL to ink pact for KG basin gas with fertilizer cos today
-Novartis open offer at Rs 351 opens on May 14, closes June 3
-Alok Industries rights issue open on March 31, closes on April 22
-Bombay Rayon open offer opens on May 20
-Zandu Pharma board meet on March 30 to consider restructuring with holding co Emami
-Elder Pharma subsidiary terminates offer for NeutraHealth, UK ((had made partial offer at 5.5 pence/sh))
-Bang Overseas forms 50:50 JV with Aquarelle International to make shirts & garments
-Marg Projects to resume trading, no circuit filter from today
Board meets:
-Ranbaxy, Federal Mogul, Mysore Cement, Cambridge Solutions results
-Graphite India to mull demerger of Powmex Steels of GKW into itself
-Shree Ram Mills to consider rights, preferential, warrants issue
-Sadbhav Engineering on rights issue

Index changes from today:
-Axis Bank to replace Zee Entertainment in S&P CNX Nifty

Alert: Akruti City to be transferred to T2T from today

Fidelity, Citigroup may exit MCX in co unable to launch IPO in stipulated time – Mint

Indian ADRs: ICICI Bank up 5%, Infosys, Satyam up 4%, HDFC Bank up 2%, Tata Motors up 1%

source: Moneyctontrol

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