FREE DAILY STOCKS ALERT: 11.07.2012
rupeedesk
STOCKS ALERT (11.07.2012)
* BHARTI AIRTEL: Central Bureau of Investigation plans to file a chargesheet against the company next month in spectrum allocation issue.
* COAL INDIA: Company's stockpile is up at pitheads because of lopsided focus on production and lack of attention on improving evacuation logistics.
* GAIL: Is in talks with US hydrocarbon majors to double its shale gas imports from the country.
* GEOMETRIC: The company and US-based Tech Soft 3D have signed a pact to leverage each other's technology and expertise.
* GRASIM INDUSTRIES: Has restarted operations at its staple fibre and chloralkali plants at Nagda. The units may reach full capacity by Thursday.
* HINDUSTAN ZINC: Is facing pressure on its margins with metal prices having fallen sharply in the first quarter.
* INDIA INFOLINE: Arm India Infoline Finance has been appointed one of the Points of Presence under the New Pension System.
* INDIABULLS FINANCIAL SERVICES: Company's loan transaction with Sheth Developers may have soured after the lender denied the deal following latter's announcement of raising 4.5 bln rupees from the lender.
* INNOVENTIVE INDUSTRIES: Has received a patent for its low carbon welded tubes, and the process by which these tubes are manufactured.
* KAMAT HOTELS: Board has given its approval for referring the company to the Corporate Debt Restructuring Cell.
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* MAHINDRA & MAHINDRA: Exports of the company's automotive and farm equipment divisions grew 70% and 16%, respectively, in 2011-12 (Apr-Mar).
* MANGALORE REFINERY and PETROCHEMICALS: Mauritius government has asked the company to produce an undertaking that its shipment will not be affected by the US sanctions on Iran .
* OIL & NATURAL GAS CORP: ONGC, INDIAN OIL CORP and OIL INDIA are planning to bid for stake in assets worth $5 bln owned by Houston-based ConocoPhillips. Plans to invest up to 200 bln rupees in the third phase of Mumbai High redevelopment.
* ONMOBILE GLOBAL: Government has sought report on the company from the Registrar of Companies following sudden departure of its chief executive officer.
* PVR: Plans to link its advertising rate to ticket sales to make its cinemas more attractive to advertisers.
* RELIANCE COMMUNICATIONS: Singapore-listed trust will end up controlling one-third of company's undersea cable unit--Reliance Globalcom.
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* RELIANCE INDUSTRIES: Company's arm is developing millions of square feet of retail space to house its brands.
* RELIANCE POWER: Has secured $1.1 bln in financing from three China banks for a major power project in central India .
* RURAL ELECTRIFICATION CORP: Has invited bids from bankers to raise up to $250 mln from overseas market.
* STEEL AUTHORITY OF INDIA : Will set up a 0.5-mln-tn per annum iron nugget making plant in West Bengal with Japan 's Kobe Steel at cost of 15 bln rupees.
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