STOCKS ALERT (20.07.2012) * ADANI PORTS & SPECIAL ECONOMIC ZONE: The company's arm Adani international Container Terminal will form an equal joint venture with Mediterranean Shipping Co to develop and operate a container loading facility at the Mundra Port in Gujarat .
* ASTER SILICATES: The company's board has approved issuance of 5 mln warrants, convertible into equity shares, to promoters. * CADILA HEALTHCARE: Has settled its patent suit with US-based companies--Somaxon Pharmaceuticals and ProCom One over insomnia drug Silenor. * COAL INDIA: Can now extract coal mine methane but with riders. The commercial sale of coal mine methane will be governed by oil ministry norms. * DLF: To reduce its mounting debt, the company is set to sell its 17-acre National Textile Corp land in Mumbai to Lodha Developers for 25-27 bln rupees. * EMPEE SUGARS & CHEMICALS: Has ended the 2012 sugar season without operating its sugar mill in Tamil Nadu due to shortage of sugarcane. The company may relocate the mill to either Karnataka or Andhra Pradesh. * FUTURE VENTURES INDIA : BNP Paribas Arbitrage has raised its stake in the company to 8.93% by buying 69 mln shares from the secondary market Wednesday. * GAIL ( INDIA ): Will now detail its Apr-Jun earnings on Jul 30 instead of Jul 25 scheduled earlier. * GAYATRI PROJECTS: Is in talks with an arm of JINDAL STEEL & POWER to sell stake in a power project the company has jointly developed with NCC for around 14 bln rupees. * GODREJ PROPERTIES: Has signed a memorandum of understanding with AXIS BANK for offering home finance solutions to the realtor's customers. * GTL: Has allotted 8.42 mln shares to promoters of the company upon conversion of compulsorily convertible debentures. * HINDUSTAN ZINC: To amend mining method at its Rampura Agucha lead-zinc mine to control costs. * INDIAN HOTELS CO: The lease of the company's Taj Palace Hotel will expire in April 2013. For renewal of the lease, the company has to settle a dispute with the Delhi Development Authority over the quantum of licence fee. * INDIAN OVERSEAS BANK: To raise $500 mln, or 27.50 bln rupees, through medium-term notes in three-six months for financing its overseas business. * INFOSYS: To set up a dedicated facility for its services to the Nasdaq-listed technology major Apple. * JINDAL STEEL & POWER: Will spend 350 bln rupees to expand production in India and Oman . * KIRLOSKAR OIL: The company has bought back 679,971 shares for 102.7 mln rupees from the open market so far since the open offer was launched. * LARSEN & TOUBRO: Said its margins may remain under pressure in 2012-13 (Apr-Mar). * LANCO INFRATECH: Is in talks with some banks for a 230-bln-rupee loan recast. If the company is admitted into the Corporate Debt Restructuring cell, this will be the biggest ever loan recast in the country. * MAHINDRA & MAHINDRA: Arm Mahindra Logistics is eyeing a 21.43% rise in 2012-13 revenue to 17 bln rupees by focusing on overseas markets. * MARUTI SUZUKI: Gujarat Chief Minister Narendra Modi will meet Suzuki MotorCorp officials in Japan on Jun 25 to persuade them to shift the entire operation of arm MARUTI SUZUKI to Gujarat post the unrest at the company's factory in Manesar. * MARICO: Has bought office premises in Mumbai at a cost of 1.3 bln rupees. * MULTI COMMODITY EXCHANGE OF INDIA : The Cabinet has deferred the decision on changes to the Forward Contracts (Regulation) Amendment Bill. * NATCO PHARMA: Plans to use compulsory licensing route to try and win rights to launch the generic versions of more patented drugs. The company has already identified patented drugs for which it will seek compulsory licence. * NIIT: Has inked a pact with Google for comprehensive online and information technology training programmes for young professionals in India . * RELIANCE COMMUNICATIONS: Four sovereign wealth funds have confirmed participation in the initial public offering of the company's Singapore-based arm Global Telecommunications Infrastructure Trust. * RELIANCE INDUSTRIES: Has exited Iraq by selling its 80% stake in two oil and gas exploration blocks to Chevron Corp. Will bid for spectrum in the 1800 MHz band to offer pan-India operations in the upcoming auction. * STEEL AUTHORITY OF INDIA : The Cabinet Committee on Economic Affairs has approved divestment of 10.8% stake in the state-owned company. * SUN PHARMACEUTICALS INDIA: Taro Pharmaceutical Industries has rejected the $24.50-a-share offer made by the company, terming it inadequate. * TATA POWER: The Central Electricity Regulatory Commission has decided to keep the company's plea to hike power tariff of its Mundra plant in abeyance. * UTTAM SUGAR MILLS: The company's distillery unit situated at Barkatpur has started operations. * WELSPUN INDIA: Singapore-based Asia-focused investment firm Temasek has exited the company, with two of its funds selling their entire 11.58% stake. 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.
