DAILY STOCKS ALERT: 18.10.2012

[rupeedesk]

* 3i INFOTECH: Has allotted 1.51 mln shares of the company to Elara Capital on conversion of foreign currency convertible bonds.

* APOLLO HOSPITALS: Says it is in no hurry to capitalise on opening up of the foreign direct investment in retail and insurance.

* BHARTI AIRTEL: The Supreme Court has refused to grant an interim stay on a tribunal order allowing the company to claim termination charges for short messaging services from Tata Teleservices and Aircel.

* COAL INDIA: Achieved 96% of its production target, 97% of sales aim for the first six months of 2012-13 (Apr-Mar). It missed its aim marginally as heavy rains in August and September disrupted mining operations.

* DECCAN CHRONICLE: Backed by lenders, company seeks reprieve for the Deccan Chargers franchise, saying it is ready to furnish a guarantee of 1 bln rupees; court to pronounce order today.

* DYNAMATIC TECHNOLOGIES: Seeks to restructure 6-bln-rupee debt; may tap private equity player Kohlberg Kravis & Roberts for $50-mln debt.

* HERO MOTOCORP: Will launch the first product developed with its global partners in 2013.

* HIMACHAL FUTURISTIC: Government of Singapore Investment Corp, private equity investor Red Fort Capital, among potential bidders for real estate assets of Hindustan Teleprinters in which the company holds 74% stake.

* IDEA CELLULAR: The Delhi High Court has given the telecom department three more weeks to decide on amalgamation of six telecom licences of the company and Spice Communications.

* INDUSIND BANK: Picks three banks for selling shares to institutional investors that would help raise $250 mln-$300 mln.

* INFOTECH ENTERPRISES: The company's sales are seen growing at a strong pace in Oct-Dec due to a robust order pipeline.

* KINGFISHER AIRLINES: Disruption in the airline's operations may continue beyond Oct 20 as the management has failed to resolve issues with striking employees at a meeting between the two parties.  GMR Hyderabad International Airport withdraws cheque bounce case against the company.

* MINDTREE: Shuts down China subsidiary on low business.

* MMTC: Has floated a tender to import 500,000 tn coal on the behalf of thermal power stations of Bokaro Power Supply Co.

* MPHASIS: And PIRAMAL ENTERPRISES to be excluded from NSE's futures and options segment from Dec 28.

* MSP STEEL & POWER: Will issue 12 mln shares to promoters and non-promoters on a preferential basis.

* NORTHGATE TECHNOLOGIES: NSE to shift stock to trade for trade segment from Oct 31.

* PIDILITE INDUSTRIES: Has allotted 741,254 shares to investors on conversion of foreign currency convertible bonds.

* POWER GRID CORP OF INDIA : Plans to foray into the power distribution wires business.

* PVR: To focus on film distribution business.

* RADICO KHAITAN: To launch premium vodka brand Verve.

* RALLIS INDIA: The company's Jul-Sep net profit rose 5.2% from a year ago to 615.6 mln rupees. Net sales increased 11% to 4.8 bln rupees.

* RELIANCE COMMUNICATIONS: Gets favourable ruling from TDSAT, which directed BSNL and MAHANAGAR TELEPHONE NIGAM to refund the fines levied on the company for its home country direct services.

* RELIANCE INDUSTRIES: Oil ministry has held back on approving development plans submitted by the company to reverse the fall in gas production from KG-D6 block until the Comptroller and Auditor General is allowed to audit costs incurred in the block. Government decides in principle to let the company raise the price of gas from the Krishna Godavari basin.

* STERLING BIOTECH: Foreign currency convertible bondholders file liquidation petition after the company defaulted on repayment of FCCBs worth 10 bln rupees.

* TATA CONSULTANCY SERVICES: On Oct 12, lenders released 20.1 mln encumbered shares of the company pledged by Tata Sons.

* TATA STEEL: To invest around 130 bln rupees in Europe operations till 2015-16 to spruce up its existing equipment and bring out new products.

By RUPEE DESK

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