GOLDEN RULES FOR TRADING

DAILY STOCKS ALERT - 08.10.2013

* APOLLO TYRES: Has called Cooper Tire & Rubber Company's complaint in a US court to force the Indian company closing its acquisition in a timely manner a "diversionary smokescreen or an unfortunate acknowledgement that Cooper will be unable to meet its obligations necessary to complete the transaction."

* ASHOK LEYLAND: Will bring to the market a slew of multi-purpose and light commercial vehicles via its joint venture with Nissan Motor of Japan .

* BRIGADE ENTERPRISES: Brigade Group has launched a 1.2 mln sq ft premium residential project at Whitefield in Bengaluru with a starting price of 8.2 mln rupees.

* CAREER POINT: Launched a new division to prepare students for graduate aptitude test in engineering, Indian Engineering Services, and public sector undertaking entrance examinations.

* FINANCIAL TECHNOLOGIES: Received a show cause notice on Oct 5 from the Forward Markets Commission on the status of the company as "Fit and Proper Person" as a shareholder in MCX. Has said the economic offences wing of Mumbai Police has searched Chairman and Managing Director Jignesh Shah's residence on Sep 30.

- The Bombay High Court has asked the Forward Markets Commission and the economic offences wing of the Mumbai Police to monitor settlement of e-series bullion units by arm National Spot Exchange.

- Concerns over the financing activities undertaken by the National Spot Exchange were raised at a board meeting as far back as 2011, according to the showcause notice issued by the Forwards Market Commission to company.

* GLAXOSMITHKLINE PHARMACEUTICALS: Said traders are not purchasing its products since Sep 15, leading to continued pressure on sales.

* GODREJ CONSUMER PRODUCTS: Has entered into an agreement to acquire 30% stake in Mumbai-based salon chain Bhabani Blunt Hair Dressing Pvt Ltd, or B:blunt.

* HINDUSTAN ZINC: CBI has launched an investigation into the strategic sale of the company to Anil Agarwal's Sterlite Opportunities & Ventures by the National Democratic Alliance government in 2002.

* HOUSING DEVELOPMENT FINANCE CORP: Last week got approval from RBI to raise $300 mln under its external commercial borrowing programme.

* INDIA HOTELS: New Delhi Municipal Council has extended the lease of the company to operate Taj Mansingh by another six months.

* INDIAN OIL CORP: Company and RELIANCE INDUSTRIES have put in their bids to buy 40% stake in Haldia Petrochemicals Ltd.

* INDO AMINES: Has entered into an agreement with Key Organics to acquire the company's shares to the extent of 97.85%.

* JINDAL STEEL AND POWER: Is known to be in talks to purchase a 1320-MW coal- based power plant at Nellore , Andhra Pradesh, that belongs to Hyderabad-based Kineta Power.

* LIC HOUSING FINANCE: Has got in-principle approval from the National Housing Bank to raise $300 mln through external commercial borrowings.

* MARUTI SUZUKI INDIA : Is exploring an ambitious plan to build its own family of diesel engines to power vehicles across segments.

* OIL & NATURAL GAS CORP: A pipeline in the company's Uran plant developed a leak on Sunday night spilling 5,000 ltr crude oil into the Arabian Sea that spread 10 km along the coastline, causing considerable water pollution.

* ORIENTAL BANK OF COMMERCE: Has cut interest rate on term deposit of 10 mln rupees and above, having maturity of 180 days to less than two years, by 25 basis points from 9.25% to 9% effective Tuesday.

* POWER GRID CORP: Has applied for "wire" licence with the Orissa Electricity Regulatory Commission that will allow the utility to manage the infrastructure part of the electricity distribution business in Puri.

* RAMCO SYSTEMS: Has entered into a partnership with US-based Aero-Intelligence to expand global footprint.

* STATE BANK OF INDIA : Arundhati Bhattacharya has taken charge as the chairperson of the bank.

* TATA COMMUNICATIONS: Company's proposed stake sale in Neotel, to Vodacom, Vodafone's African subsidiary, has hit a roadblock, with South Africa 's Wireless Access Providers' Association "strongly opposed" to the estimated 31.25-bln-rupee buyout on grounds that it will stifle competition.

* YES BANK: Has sought shareholder approval to enhance its borrowing limit to 300 bln rupees from 120 bln rupees.