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Stocks in news: Sun Pharma, Glenmark, RIL, Maytas Infra

This article was posted on Mar 30, 2009 and is filed under Stock News

-DoT may look into segment wise revenues of Bharti, Idea, Aircell among others: Sources
-Telecom companies booking higher revenues under long distance as it attracts lower license fee: DoT
-Alert: DoT already conducting similar audit of Reliance Communication: Sources.
Stake sale for new telecom licensees to be eased BS

Sun Pharma, Glenmark get US FDA approval for generic anti-seizure drug topiramate
Alert: Topiramate US market size at $2.5 bn

Allahabad Bank to cut BPLR by 25 basis to 12.25% from Apr 1
Central Bank cuts PLR by 50 bps to 12%
UCO Bank to cut BPLR by 50 bps from April 1: NW18

Other stocks and sectors in the news
Spice Corp pulls out of Satyam race, says withdrawing bid for the moment on transparency concerns
RIL signs gas sale pacts with 12 fertiliser companies, to supply about 15 mmscmd gas to 15 plants
Car companies asked to roll back price hikes announced after 4% excise duty cut � ET
ACC seeks further hike in cement price to Rs 300/bag, needs hike to progress with expansion plans for 2010 � ET
Phoenix Yule to buy Andrew Yule�s 26% stake in JV
IL&FS raises Maytas Infra stake to 14.5% through invocation of pledge shares and off-market transactions
Tata Motors plans truck unit in Myanmar � BS
Essar fuel sales turn profitable for first time in 6 years � BS
IOC in pact with govt to commission projects worth Rs 30,000 crore in FY10: NW18
TVS Motor board approves investment of Rs 89 cr in new subsidiary
Usha Martin cancels 3.85 cr warrants not exercised for conversion
Sinclairs Hotels open offer at Rs 172/sh ((CMP Rs 168))
Board meets:
-Zandu Pharma on corporate restructuring
-Abbott India, Advanta India, Jindal Saw results

LSE in talks with MCX-SX to pick up equity stake � BS

Indian ADRs: Tata Motors up 9%, MTNL up 4%, Infosys down 7%, HDFC Bank down 5%

source: Moneycontrol

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