Timely Indian Market & Stock News - December 2011

RBI points to understatement of NPAs in Bank audits.

BSNL, [Mahanagar Telephone Nigam Ltd.] yet to recover Rs6,444 cr dues from subscribers.

[DLF Ltd.] gears up to sell Bombay Mills property.

[Unitech Ltd.] lowers debt by 40%, to reduce it more.

[Borosil Glass Works Ltd.] zooms on buyback offer.

[Tata Consultancy Services Ltd.] to set up campus in Nagpur.

[Orchid Chemicals & Pharmaceuticals Ltd.] gets $100 mn ECB to redeem bonds.

[Coromandel International Ltd.] hikes stake in [Sabero Organics Gujarat Ltd.] to 67.75%.

[BEML Ltd.] bags Rs318 crore Jaipur Metro orders

Rakesh Jhunjhunwala may sell Aptech stake via auction

[Kingfisher Airlines Ltd. ] drops on violation of tax rules.

Lokpal Bill to be placed in Parliament on December 27

[Shoppers Stop Ltd.] sees weak rupee to reduce non-apparel sales.

[ABB Ltd.] wins $900 mn Indian transmission system deal.

[Punj Lloyd Ltd.] secures Rs285 crore road project in Kenya.

Inflation seen easing to 6-7% by March: Pranab.

Aviation shares soar on buzz Govt may allow importing jet fuel directly.

[Gail (India) Ltd.] to establish RLNG terminal in the KG Basin.

Petrol prices may go up by Rs1 per litre in January.

No provision for penalty in [Reliance Industries Ltd.] KG-D6 contract: OilMin.

Tea stocks surge on higher tea prices.

[Havells India Ltd.] gains on JV with China's Shanghai Yaming.

[Tata Motors Ltd.] to replace starter motor.

[Vijay Shanthi Builders Ltd.] gains on selling chennai residential project.

[Mahindra & Mahindra Ltd.] to launch Duro DZ scooter at Auto Expo.

Banks drop as RBI tweaks capital requirement for bank investments .

[Mundra Port & Special Economic Zone Ltd.] expects to handle 100MT cargo in FY13.

[Punj Lloyd Ltd.] bags highway project worth Rs1050 cr from GMR.

[Reliance Power Ltd.] commissions another 300-MW unit at Rosa.

President approves Lokpal Bill in the Rajya Sabha.