Showing posts with label STOCKS ALERT (12.04.2013). Show all posts
Showing posts with label STOCKS ALERT (12.04.2013). Show all posts

STOCKS ALERT (12.04.2013)


* ADITYA BIRLA NUVO: Is looking at high-growth areas like financial services, fashion retailing and urea for investment of close to 80 bln rupees.

* BHARTI AIRTEL: The Supreme Court has restrained the company from adding new 3G mobile subscribers in seven circles--Kolkata, Uttar Preadesh (east), Haryana, Maharashtra, Madhya Pradesh, Gujarat , and Kerala.

- Is among 22 companies shortlisted in the bidding for a telecom licence in Myanmar .

* BAJAJ AUTO: Plans to launch four-six variants of its popular Discover motorcycle this year.

* BERGER PAINTS INDIA : Promoters have set the floor price for offer for sale of 1.87 mln shares of the company at 185 rupees a share.

* BHEL: Hopes to rake up 15 bln rupees per year as revenue from its clean air business.

* COAL INDIA:  Planned joint sampling of coal quality with NTPC officials delayed as Coal India officials at Rajmahal site not informed of plan.

* DR REDDY'S LABORATORIES: Has recalled 117,546 bottles of its muscle relaxant generic drug tizanidine from US market due to labelling issues.

* ERA INFRA ENGINEERING: Has won order worth 4.30 bln rupees from NTPC for thermal power project in Chhattisgarh.

* EVERONN EDUCATION: Rating agency CARE downgrades company's bank facilities to 'default' as company fails to service debt on time.

* GMR Infra: Restructures energy operations.

* GODREJ PROPERTIES: Has launched phase-III of its residential project near Dwarka Expressway in Gurgaon with a total saleable area of 200,000 sq ft.

* HINDUSTAN UNILEVER: Calcutta High Court has summoned top officials to clarify why the company wasn't carrying disclaimers in its commercials for utensil cleaner Vim.

* JSW STEEL: Steel production currently down to 75-80% of capacity.

* KINGFISHER AIR: Airports Authority of India asks company to pay 3 bln rupees before starting operations.

- SBI Cap Trustee sells 8.5 mln shares of Kingfisher for nearly 70 mln rupees.

* KIOCL: Has asked the government to defer its disinvestment plans saying it may not fetch good returns due to its limited operations.

* LML: Is working on relaunching its Freedom motorbike, besides making new two-wheelers and light-weight three-wheelers.

* LT FOODS: Is entering the packaged wheat flour segment.

* NETWORK18 MEDIA & INVESTMENTS: Hedge fund OCP Asia has invested $15 mln in company's virtual commerce business HomeShop18.

* PTC INDIA: Arm PTC India Financial Services has sanctioned term loans to nine projects aggregating 10.32 bln rupees.

* RELIANCE INDUSTRIES: Has shut its ninth well in the KG-D6 block after which gas production has fallen to an all-time low of 15.5 mscmd. Comptroller and Auditor General has restarted finance audit of KG-D6 fields from Reliance Industries' Mumbai office after a suspension since in January.

* SBI: To raise $1 bln via a five-year international bond offering.

* SEL MANUFACTURING CO: First phase of arm SEL Textile's greenfield denim manufacturing unit in Punjab has partly commenced operations.

* SPML INFRA: Has won orders worth 4.48 bln rupees from Rajasthan government and Gwalior Municipal Corp.

* TATA MOTORS: Managing Director Karl Slym expects single digit growth in current financial year (Apr-Mar).

- Hints at pricier models based on small car Nano.

* TILAKNAGAR INDUSTRIES: Kishore Chhabria's Allied Blenders & Distillers is discussing a merger with the company.

* UNION BANK OF INDIA : Plans to raise $500 mln by issuing medium-term notes to investors in Singapore , Hong Kong, and London .

* WESTERN INDIA SHIPYARD: Has secured several orders and has an orderbook of 160 mln rupees for Apr-Jun.

* YES BANK: Has put on hold its plan to raise up to $500 mln in international markets because it has sufficient capital.