News - Timely Indian Market & Stock News - December 2011 in COMMUNITY CENTER - RBI points to understatement of NPAs in Bank audits. BSNL, [Mahanagar Telephone Nigam Ltd.] yet to recover Rs6,444 cr dues ...
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Timely Indian Market & Stock News - December 2011

  1. 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.

  2. [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

  3. [New Delhi Television Ltd.] gains on acquiring stake buy by Oswal Greentech.

    Zydus acquires 100% stake in Mumbai-based Biochem.

    [Power Grid Corporation of India Ltd.] to get 400 mw solar Power.

    [Reliance Industries Ltd.] seeks OilMin help on nods for additional gas fields.

  4. Telecom stocks drop after DoT asks to stop 3G roaming pacts.

    Govt introduces the Food Security Bill on cheaper food grains.

    Food inflation eases to 1.81% vs 4.35% .

    IT shares fall on poor earnings from Oracle.

    [Kingfisher Airlines Ltd.] drops to No.5 position in market share.

    [Reliance Industries Ltd.] buys stake in US based co.

  5. [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.

  6. [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.

  7. New 500 Rupee note to be issued with Re symbol on it.

    [Suzlon Energy Ltd.] promoters pledge 1.68% stake.

    [Tilak Nagar Industries Ltd.] spurts after winning trademark battle.

    [Varun Industries Ltd.] gains on stake sell Madagascar oil block .

  8. [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.

  9. [Dr. Reddy's Laboratories Ltd.] launches Supamove cream

    Food inflation eases to 0.42% vs 1.81% .

    [Hindustan Unilever Ltd.] shortlists five bidders for Worli property.

    [TVS Motor Company Ltd.] to offer automatic transmission two wheelers from 2013.

    [Mahindra & Mahindra Ltd.] hikes XUV500 prices by up to Rs55,000.

  10. CRISIL downgrades [DLF Ltd.] debt rating.

    Steel Strips soars on commencing exports to Audi.

    [Network 18 Media & Investments Ltd.] spurts on fund raising plans.

    IT shares gain on good economic data in US.

    Government plans to borrow Rs40,000 crore more in FY12.

    Citigroup sells 25.55 lakh shares of Fortis shares. [Fortis Healthcare (India) Ltd.]

    [Lupin Ltd.] gets USFDA approval for cholesterol drug.

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