STOCKS ALERT (19.07.2012)
* ADANI POWER: May bid for coal-based ultra mega power projects* AXIS BANK: Has launched a mobile-based card acceptance service, Swipeon, which can use cellular phones as a card reading device. * BAJAJ AUTO: Is working on a global alliance with Austria 's KTM and Kawasaki heavy Industries, Japan , for selling motorcycles in the overseas markets and to achieve 50% of its sales through exports by 2016. * BAJAJ HOLDINGS & INVESTMENT: The company's Apr-Jun net profit fell 11% on year to 522.6 mln rupees. * CORPORATION BANK: Has said it will need up to 16 bln rupees of additional capital in 2013-14 (Apr-Mar). * CUPID: The company has got the approval of the World Health Organisation and the United Nations Population Fund for its female condoms. * DUNLOP INDIA: Has proposed to open its Sahagunj unit in phases. * EMAMI: Plans backward integration into production of mentha oil. * HINDUSTAN PETROLEUM CORP: The company has offered to examine the feasibility of constructing petroleum product pipelines between its Bathinda refinery and Lahore in Pakistan . * INDIAN OIL CORP: Has agreed to take stake in the proposed 9-mln-tn refinery in Rajasthan along with HINDUSTAN PETROLEUM CORP. * INFOTECH ENTERPRISE: The company is planning to open offices in South Korea and China in Jul-Sep. * JAIPRAKASH ASSOCIATES: CRH Plc, an Irish building material group, is interested in acquiring the company's cement plants in Gujarat and Andhra Pradesh, after the Indian company's talks with AV Birla group failed. * KINGFISHER AIRLINES: The Central Board of Excise and Customs is mulling action, including legal recourse, against the company to recover service tax dues. * LARSEN & TOUBRO: Electrical and automation business of the company is expected to grow 15% this year contributing nearly 46 bln rupees in revenues. * MAHANAGAR TELEPHONE NIGAM: Employee unions plans to go on an indefinite protest from Jul 24, demanding the government bear the full cost of pension. * MARUTI SUZUKI: At least 40 people were injured at the company's Manesar plant in Haryana in strife between workers and executives halting work at the factory. * OIL & NATURAL GAS CORP: Arm ONGC Videsh will team up with PETRONET LNG and INDIAN OIL CORP to bid for 20% stake in Russia 's Novatek LNG project in the Yamal Peninsula . * PANKAJ PIYUSH TRADE & INVESTMENT: The company's board has approved bonus issue of 45 shares for each held in the company. * RANBAXY LABORATORIES: May seek partnerships to start sales of generic medicines in the US before patents expire. * STEEL AUHTORITY OF INDIA : The Cabinet may take up the proposal of divesting 10.82% stake in the company for discussion today. * SHRIRAM TRANSPORT FINANCE CO: Has reserved 80% of its 3-bln-rupee non-convertible debenture issue for individual investors. * TATA COMMUNICATIONS: The Union Cabinet may today consider a proposal for hiving off of surplus land assets belonging to the company. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
