Stocks in news: Bajaj Hind, Jubiliant, RIL, DRL, SAIL
Published on Monday, November 9th, 2009 at 9:58 AMAuthor: stockalert (2026 Articles)
Here are stocks that are in news today:
Government to wind down stimulus next year – PM
Lipitor Patent Pharmasia- News.com
-DRL (Dr Reddys Labs) asserts invalidity/ non-infringement of 3 patents
-Patent challenge including 6 months Pediatric exclusivity
-DRL seeks exclusivity between 2011-13
-DRL patent challenge may not affect Ranbaxy-Pfizer deal
SAIL Chairman to CNBC-TV18:
-SAIL FPO to come up for cabinet approval by month-end
-Govt to offload 5% of its stake in SAIL
-Proceeds from equity issue to be used for modernisation plans
-Borrowing for modernisation to the extent of Rs 25,000 crore
-Steel prices & input cost to remain stable for next 3 months
UTI AMC signs agreement with T Rowe Price for 26% stake sale
-All 4 promoters to sell 6.5% stake each to T Rowe Price
-Deal valued at 3.7% of AUM or Rs 739.27 crore based on October AUM
-Deal values UTI AMC @ Rs 2,843.34 crore
SBI
-SBI has revised downwards the deposit rates by 25-50 bps in a few maturities effective from November 09, 2009.
-SBI extends 8% home loan product till March 31, 2010
CNBC-TV18 Exclusive
-IT department objects to Vodafone’s tower business demerger into Indus: Sources
CNBC-TV18 alert: Idea, Bharti, Vodafone JV partners in Indus
Other stocks that are in news today:
-Bajaj Hindusthan, Balrampur Chini deal not over yet, Bajaj seeking funds from ICICI & SBI Bank worth Rs 1500 crore, may also raise funds via NCD – DNA
-RIL close to acquiring troubled petro major LyondellBasell – ET
-Jubiliant to exit non-core business by March 2010, to fetch company around Rs 150 crore
-Birla rejig top deck at Novelis, ropes in Phil Martens as new COO – ET
-Emami to foray into Cement business, to invest Rs 1,750 crore in 3 years – BS
-Daiichi Sankyo moves SC over SAT order for open offer in Zenotech at Rs 160/share
-ONGC may be allowed to sell C-series field gas at $4.75/mmbtu versus $5.5/mbtu – BL
-The Finance Ministry has imposed 20% safeguard duty on all soda ash imports from China: HBL
-Alkali Manufacturers’ Association of India (AMAI) — on behalf of Tata Chemicals Ltd, Gujarat Heavy Chemicals Ltd, Saurashtra Chemicals Ltd, DCW Ltd and Nirma Ltd — had filed the petition seeking a safeguard duty on soda ash imports from China.
-Tata Motors to shut Pune plant for 3 days due to disruption of supply of auto parts – BS
-Kanoria Chemicals 25MW power plant shut for 2 months for repair and restoration
-Sical logistics receives notice from the Tamil Nadu Commercial Tax Department to the extent of Rs 6 crore towards interest liability payable
-Dhampur Sugar to declare strandalone and consolidated annual results today
-IVR Prime board meet today to approve scheme of amalgamation of IVR Strategic Resources and Services Ltd and IVRCL Water Infrastructures Ltd with IVR Prime
Source : MoneyControl
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