09 February, 2010 23:38 IST
News
Stocks to watch: L&T, IDBI Bank, Tata Motors...
Source: IRIS (18-NOV-09)
Comments  |  Post Comment    

Following stocks are likely to be in limelight today, November 18.

State-run IDBI Bank, which has raised USD 225 million foreign currency loan to fuel its business growth, is planning to mop up USD 1.5 billion through bond issue by early next year.

Tata Motors, India`s biggest automotive company by revenue, has so far raised Rs 2.64 billion through the revised fixed deposit scheme which it launched in August this year. The company is authorized to raise Rs 13 billion from the revised scheme.

Larsen and Toubro (L&T), the engineering and construction giant, is selling its petroleum dispensing pump (PDP) business to US company Gilbarco Veeder-Root. Sources said the deal would be valued around Rs 1.5 billion.

Hindalco Industries, a flagship company of the Aditya Birla group today announced that it has decided to issue further securities of the company for the amount not exceeding Rs 29 billion.

State-owned mining company NMDC and Steel Authority of India (SAIL) will jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.

Mahindra Satyam, the new brand identity of Satyam Computer has received legal notices from 37 companies claiming a refund of Rs 12.30 billion (equivalent to around USD 265 million at exchange rate of Rs 46.47 per US dollar), allegedly given as a temporary advance. Shares of the company declined Rs 2.2, or 2.06%, to settle at Rs 104.85**.

Bharti Airtel said that it has launched operations on an undersea cable network that would directly connect Singapore with the United States,

KSK Energy Ventures announced that it has issued and allotted 26,525,714 equity shares of face value Rs 10 each to to qualified institutional buyers (QIB) under qualified institutions placement (QIP). Shares of the company declined Rs 0.55, or 0.27%, to settle at Rs 204.30**.

**Closing share price as on Tuesday, Nov. 17, 2009.

Live News
MFs remain net buyers in equities on Feb. 08 - 09-Feb-2010 20:57
FIIs remain net sellers in equities on Feb. 09 - 09-Feb-2010 20:55
FIIs sell net of Rs 5.25 bn equities on Feb. 09 - 09-Feb-2010 20:54
CRISIL reaffirms rating on Ambuja Cements - 09-Feb-2010 20:40
`Buy` Greenply Industries; target Rs 291: Angel - 09-Feb-2010 20:19
BEL expects EW biz of Rs 225 bn in next 8-10 yrs - 09-Feb-2010 20:12
`Buy` Colgate- Palmolive; target Rs 794: IndiaInfoline - 09-Feb-2010 20:05
Iran hopes India will join gas pipeline project - 09-Feb-2010 19:50
Rupee ends stronger at 46.66/67 vs USD - 09-Feb-2010 19:50
Vijay Mallya keen on expanding business in Bihar - 09-Feb-2010 19:46
Markets are expected to be up tomorrow: Hem Sec - 09-Feb-2010 19:46
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   vgkfst into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Credit cards  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail
© All rights reserved. IRIS Business Services Private Limited
A Disclaimer