STOCKS ALERT (15.12.2011)
* ABBOTT INDIA: Plans to focus on diagnostics and nutrition business in India .
* ALLAHABAD BANK: Will soon hire its internal banking ombudsman to settle disputes with customers, while others like UNION BANK OF INDIA are drawing up their plans.
* ANSAL PROPERTIES & INFRASTRUCTURE: Promoters have got their equity shares pledged with HOUSING DEVELOPMENT FINANCE CORP released.
* ASHOK LEYLAND: Ashok Leyland John Deere Construction Equipment Co Pvt Ltd, the joint venture between the company and US-based John Deere Construction & Forestry Co, has signed a pact with CORPORATION BANK for financing of their vehicles.
* BHARTI AIRTEL: Has come under the scanner of the Telecom Regulatory Authority Of Inida, along with Vodafone, for violating mobile number portability norms. Bharti Telecom has purchased shares of Airtel worth 205 mln rupees through open market raising its stake to 45.62%.
* CHENNAI PETROLEUM CORP: Madras High Court has set aside a Sep 6 notification by the company increasing the weekly working hours from 42 to 48 and also making it a six working day week instead of five.
* COMMERCIAL ENGINEERS & BODY BUILDERS: Has formed a joint venture with US-based Disaster Response Solutions Inc to manufacture disaster response vehicles that will be supplied in India .
* DLF: Is close to signing a deal with private equity major Blackstone as it plans to offload its entire stake in the special economic zone in Pune.
* DR. REDDY'S LABORATORIES: Wants to take the business to the next level in branded generic segment in India and achieve its goal of $3 bln by fiscal 2013.
* DUNLOP INDIA: Is looking for buyers for its vacant one-acre Dunlop House property in Worli at around 4 bln rupees.
* HINDUSTAN PETROLEUM CORP: Andhra Pradesh Pollution Control Board has asked the company's Vishakhapatnam refinery to cut production by 30% to keep emissions levels within prescribed standards.
* JSW STEEL: Promoter Sajjan Jindal is set to lose over 5 bln rupees paid as initial deposit for preferential warrants allotted in June last year that will be due for conversion today at a price more than double the current
rate.
* JSW ISPAT STEL: Has decided to stop pursuing some of the ambitious projects it had planned earlier in view of uncertainties in raw material supply, financial constraints, and a need to realise synergies with its new
promoters.
* KINGFISHER AIRLINES: The Central Board of Excise and Customs has lifted a freeze on 11 bank accounts of the company after the company paid 90 mln rupees to clear a part of its service tax dues. Vijay Mallya has asked the government to expedite decision on a request by the company to import jet fuel directly to save local taxes.
* INDIAN OIL CORP: Is in talks with Larsen & Toubro-Tata Steel owned Dhamra Port Co for setting up a 5-mln-tn a year LNG terminal in Orissa.
* INDIAN OVERSEAS BANK: May look at borrowing $500 mln in the overseas market next year to meet dollar demand from Indian companies.
* MINDTREE: May not be able to sustain the desired growth momentum this quarter. However, it expects to grow ahead of the industry and push through planned investments for the next year.
* MUNDRA PORT AND SPECIAL ECONOMIC ZONE: Has put in a revised bid to Chennai Port Trust to build a 36.86-bln-rupee container handling facility.
* NTPC: Company's joint venture with BHARAT HEAVY ELECTRICALS for manufacturing power equipment will start operations next financial year.
* RELIANCE INDUSTRIES: Has indicated it can surrender a part of the D6 block, in line with the national auditor's report. Has alleged that the petroleum ministry is violating coal bed methane contract by restricting price discovery, which could lead to revenue loss for the central and state exchequers.
* RELIANCE INFRASTRUCTURE: Will auction its power transmission company - Reliance Power Transmission - to raise money and limit its risks in a volatile sector.
* STATE BANK OF INDIA : Chairman Pratip Chaudhuri has said the Reserve Bank of India is unlikely to go for a rate cut in Friday's mid-quarter monetary policy review. Has acquired loans worth around $500 mln from overseas banks.
* SREI INFRASTRUCTURE FINANCE: Expects to sign a $ 75 mln loan as early as Dec 25.
* SUDARSHAN CHEMICAL INDUSTRIES: Plans to acquire some assets from Eckart Germany .
* TATA MOTORS: Plans to completely shift manufacturing of Magic IRIS and Ace Zip models to its new plant at Dharwad in Karnataka.
* TECH MAHINDRA: Is looking to expand its reach in the West Asia and Africa region by tapping into newer markets and industry verticals as well as forge new strategic partnerships with key businesses.
* ABBOTT INDIA: Plans to focus on diagnostics and nutrition business in India .
* ALLAHABAD BANK: Will soon hire its internal banking ombudsman to settle disputes with customers, while others like UNION BANK OF INDIA are drawing up their plans.
* ANSAL PROPERTIES & INFRASTRUCTURE: Promoters have got their equity shares pledged with HOUSING DEVELOPMENT FINANCE CORP released.
* ASHOK LEYLAND: Ashok Leyland John Deere Construction Equipment Co Pvt Ltd, the joint venture between the company and US-based John Deere Construction & Forestry Co, has signed a pact with CORPORATION BANK for financing of their vehicles.
* BHARTI AIRTEL: Has come under the scanner of the Telecom Regulatory Authority Of Inida, along with Vodafone, for violating mobile number portability norms. Bharti Telecom has purchased shares of Airtel worth 205 mln rupees through open market raising its stake to 45.62%.
* CHENNAI PETROLEUM CORP: Madras High Court has set aside a Sep 6 notification by the company increasing the weekly working hours from 42 to 48 and also making it a six working day week instead of five.
* COMMERCIAL ENGINEERS & BODY BUILDERS: Has formed a joint venture with US-based Disaster Response Solutions Inc to manufacture disaster response vehicles that will be supplied in India .
* DLF: Is close to signing a deal with private equity major Blackstone as it plans to offload its entire stake in the special economic zone in Pune.
* DR. REDDY'S LABORATORIES: Wants to take the business to the next level in branded generic segment in India and achieve its goal of $3 bln by fiscal 2013.
* DUNLOP INDIA: Is looking for buyers for its vacant one-acre Dunlop House property in Worli at around 4 bln rupees.
* HINDUSTAN PETROLEUM CORP: Andhra Pradesh Pollution Control Board has asked the company's Vishakhapatnam refinery to cut production by 30% to keep emissions levels within prescribed standards.
* JSW STEEL: Promoter Sajjan Jindal is set to lose over 5 bln rupees paid as initial deposit for preferential warrants allotted in June last year that will be due for conversion today at a price more than double the current
rate.
* JSW ISPAT STEL: Has decided to stop pursuing some of the ambitious projects it had planned earlier in view of uncertainties in raw material supply, financial constraints, and a need to realise synergies with its new
promoters.
* KINGFISHER AIRLINES: The Central Board of Excise and Customs has lifted a freeze on 11 bank accounts of the company after the company paid 90 mln rupees to clear a part of its service tax dues. Vijay Mallya has asked the government to expedite decision on a request by the company to import jet fuel directly to save local taxes.
* INDIAN OIL CORP: Is in talks with Larsen & Toubro-Tata Steel owned Dhamra Port Co for setting up a 5-mln-tn a year LNG terminal in Orissa.
* INDIAN OVERSEAS BANK: May look at borrowing $500 mln in the overseas market next year to meet dollar demand from Indian companies.
* MINDTREE: May not be able to sustain the desired growth momentum this quarter. However, it expects to grow ahead of the industry and push through planned investments for the next year.
* MUNDRA PORT AND SPECIAL ECONOMIC ZONE: Has put in a revised bid to Chennai Port Trust to build a 36.86-bln-rupee container handling facility.
* NTPC: Company's joint venture with BHARAT HEAVY ELECTRICALS for manufacturing power equipment will start operations next financial year.
* RELIANCE INDUSTRIES: Has indicated it can surrender a part of the D6 block, in line with the national auditor's report. Has alleged that the petroleum ministry is violating coal bed methane contract by restricting price discovery, which could lead to revenue loss for the central and state exchequers.
* RELIANCE INFRASTRUCTURE: Will auction its power transmission company - Reliance Power Transmission - to raise money and limit its risks in a volatile sector.
* STATE BANK OF INDIA : Chairman Pratip Chaudhuri has said the Reserve Bank of India is unlikely to go for a rate cut in Friday's mid-quarter monetary policy review. Has acquired loans worth around $500 mln from overseas banks.
* SREI INFRASTRUCTURE FINANCE: Expects to sign a $ 75 mln loan as early as Dec 25.
* SUDARSHAN CHEMICAL INDUSTRIES: Plans to acquire some assets from Eckart Germany .
* TATA MOTORS: Plans to completely shift manufacturing of Magic IRIS and Ace Zip models to its new plant at Dharwad in Karnataka.
* TECH MAHINDRA: Is looking to expand its reach in the West Asia and Africa region by tapping into newer markets and industry verticals as well as forge new strategic partnerships with key businesses.
