FREE STOCKS ALERT - 02.01.2014

* CANARA BANK: Raised 5 bln rupees by allotting 18.25 mln equity shares on preferential basis to the government of India . 

* ELECTROTHERM INDIA: Has approached the Corporate Debt Restructuring cell for the second time to restructure loans worth 32 bln rupees. 

* GUJARAT GAS CO: Signed an agreement to buy 0.65 mln cu mtr per day of gas from Gujarat State Petroleum for almost 12 years. 

* HINDALCO INDUSTRIES: Arm Utkal Alumina International is yet to reach its full envisaged capacity of 1.5 mln tn per annum after starting operation in
June. 

* KALINDEE RAIL NIRMAN ENGINEERS: TEXMACO RAIL & ENGINEERING has taken management control of the company and has been designated as the company's promoter. 

* MULTI COMMODITY EXCHANGE: Bombay Bullion Association, along with Universal Commodity Exchange, is looking to buy a 5% stake in the company. 

* NMDC: Coal ministry has issued show cause notices to the company seeking reasons for delay in development of Shahpur West and Shahpur East coal blocks in Madhya Pradesh. 

* OIL AND NATURAL GAS: Has decided to drill more wells in Cambay region of Gujarat .

* POWER GRID CORP OF INDIA : Has completed connecting the Southern grid to the national grid thereby facilitating bulk transfer of power across regional boundaries. Odisha government has directed independent power producers to deliver power at their own substations and transmission lines instead of using transmission network of Power Grid. 

* RELIANCE INDUSTRIES: A statutory environmental panel has flagged some concerns over the company's Sikka port in Gujarat's Jamnagar . 

* RELIANCE INFRASTRUCTURE: The Mumbai Metropolitan Region Development Authority has asked the company to use Mumbai Metro as branding for metro rail project in the city instead of Reliance Metro. 

* TATA STEEL: Said it is positive on the steel sector for the quarter ended March. 

* VIJAYA BANK: V Kannan has been appointed as chairman and managing director of the bank.

FREE STOCKS ALERT - 01.01.2014

* ADANI POWER: The company has achieved full power generation capacity of 4,620 MW at its Mundra thermal power plant. 

* AARTI INDUSTRIES: Gujarat Pollution Control Board has asked the company to close two of its manufacturing facilities at Vapi from Wednesday. 

* BROOKS LABORATORIES: SEBI has imposed a total fine of 535 mln rupees on company's promoters and related entities for irregularities found in the company's initial public offering. 

* FINANCIAL TECHNOLOGIES INDIA : Forward Markets Commission has directed the company's arm National Spot Exchange to make payouts to members and clients of Indian Bullion Market Association from its escrow account. 

* INDIA POWER CORP: The company has signed a distribution franchisee agreement with South Bihar Power Co. 

* OIL AND NATURAL GAS CORP: The environment ministry has blamed the company for the oil spill on Uran coast, near Mumbai, and asked the oil ministry to take action. 

* ORIENTAL BANK OF COMMERCE: Suresh Patel has been appointed as executive director of the company. 

* SREI INFRASTRUCTURE FINANCE: Has initiated legal proceedings to recover 2.2 bln rupees short term loan from DECCAN CHRONICLE HOLDINGS. 

* STATE BANK OF INDIA : Has directed all its branches to issue receipts of cheques and drafts at the counter deposited for the payments of employees provident fund dues. 

* STEEL AUTHORITY OF INDIA : A consortium led by the company has decided to scale down plans for the iron ore mining and steel project in Afghanistan by 80%. 

* UNITED SPIRITS: Karnataka High Court wants a probe fund diversion by the company.

FREE STOCKS ALERT - 18.12.2013

* 3I INFOTECH: Plans to raise 3-4 bln rupees by selling non-core subsidies over the next 12-18 months 

* COAL INDIA: Tender seeking to appoint a vendor for a 30 bln rupee project to import 5 mln tonnes of coal has failed to attract any participants.

* DECCAN CHRONICLE HOLDINGS: Supreme Court has refused to entertain a plea of the company against a high court order directing it to vacate the printing press premises for paying back 1.1-bln-rupee loan to KOTAK MAHINDRA BANK. 

* FINANCIAL TECHNOLOGIES: Forward Markets Commission on Tuesday declared the company and its founder Jignesh Shah as not fit and proper entities to be on the board of any commodity exchange. The Bombay High Court has directed Jignesh Shah to remain present in court on Wednesday in the matter of MMTC versus the company.

* FUTURE RETAIL: Has sold 22.5 % stake in Future Generali India Life Insurance Co to INDUSTRIAL INVESTMENT TRUST.

* GLENMARK PHARMACEUTICALS: Merrill Lynch has bought 2.1 mln shares of the company at 518.80 rupees per share through a bulk deal on BSE. 

MARUTI SUZUKI INDIA : Parent Suzuki Motor Corp will shift its entire export operations for the Middle East, Africa, Latin America and South-East Asia to
India by the end of 2014-15 (Apr-Mar). 

* NHPC: Has sought help from the project monitoring group under the cabinet secretariat to fast-track its 75-bln-rupee project in Arunachal Pradesh. 

* OIL AND NATURAL GAS CORP: Plan to boost oil production from Mumbai High is being derailed by the huge subsidy burden on the company.

* PETRONET LNG: The Asian Development Bank will provide $150 mln loan to the company for expanding capacity of its Dahej liquefied natural gas terminal.

* PTC INDIA FINANCIAL SERVICES: Has divested its entire 16.76% stake in Meenakshi Energy for 2.09 bln rupees. 

* RAJESH EXPORTS: The income tax department on Tue raided company's retail arm, Shubh Jewellers, which has stores across Karnataka.

* STATE BANK OF INDIA : The bank said the nationwide bank union strike on Wednesday will not hit its operations.

* SUN PHARMA ADVANCED RESEARCH: The US Food and Drug Administration said it cannot approve the company's Venlafaxine 300 mg tablet application in its current form.

* TRENT : UK-based Tesco Plc has approached the Foreign Investment Promotion Board to buy 50% stake in the company's wholly owned arm Trent Hypermarket.

* TATA CONSULTANCY SERVICES: May report foreign exchange gain of 1.5 bln rupees in  Oct-Dec earnings.

* TATA MOTORS: Plans to shift manufacturing its two highest-selling models 2518 & 3118 to new plant in Uttrakhand to avail the higher excise benefits.

* TATA STEEL: Puts 25-acre land at Borivli in Mumbai for sale. Land value estimated at 10 bln rupees.

* ZENITH INFOTECH: The Bombay High Court has directed company to sell its mainstay cloud computing business to repay dues to foreign currency convertible bond holders.