FREE STOCKS ALERT: 4.9.2012

[rupeedesk]

* ALPHAGEO INDIA: Arm Alphageo International has got a $10-mln order for 2D land seismic services from Petroliam Nasional Berhad in Myanmar .

* AMBUJA CEMENTS: Despatched 1.45 mln tn cement in August, down from 1.48 mln tn a year ago. It produced 1.46 mln tn during the month.

* ASHOK LEYLAND: Company's August total sales rose 30% on year, tugged by its recently-launched small commercial vehicle Dost.

* BLUE DART EXPRESS: Promoter entity DHL Express Singapore has decided to bring down its holding in the company to below 75% to meet SEBI regulations.

* HINDUSTAN UNILEVER: Plans to launch a hair oil product under its Dove brand.

* IDBI BANK: Workmen employees of the bank have given a notice to proceed on a two-day nationwide strike on Sep 4 and Sep 5, 2012.

* JAYSHREE TEA & INDUSTRIES: JPM Merchandise has received 21.17% stake in the company as a part of demerger.

* KARUR VYSYA BANK: Has cut the Base Rate and the BPLR by 25 basis points each.

* MAHINDRA & MAHINDRA: Company's arm Mahindra 2 Wheelers has sold 10,028 vehicles in August.

* MARUTI SUZUKI INDIA : Has launched a refreshed version of its diesel-powered hatchback Ritz, priced at 531,000-623,000 rupees ex-showroom Delhi . 

* MAX INDIA : Plans to invest 2.76 bln rupees in two senior citizen realty projects.

* OIL AND NATURAL GAS CORP: Its move to buy $5 bln worth of oil sands assets in Canada , owned by Conoco Phillips, has hit a roadblock because of its investments in Iran and Sudan , countries that are facing economic sanctions imposed by US.

* PIRAMAL HEALTHCARE: Is in talks with IND-SWIFT LABORATORIES to acquire the latter's contract research and manufacturing business and many of its units approved by the US Food and Drug Administration for around 12 bln rupees.

* POWER GRID CORP OF INDIA : Board of directors has approved investment of 19.35 bln rupees in a southern regional grid system strengthening project.

* PTL ENTERPRISES: Fire breaks out at the company's Banbury unit at Kalamassery plant in Kerala.

* PUNJAB NATIONAL BANK: Has cut interest rates on home and car loans by 25 basis points and 50 basis points, respectively.

* RELIANCE INFRASTRUCTURE: Subsidiary of the company has begun production at its cement clinker grinding and blending unit at Butibori in Maharashtra .

* RELIANCE POWER: Coal production at Moher and Moher-Amlohri extension mines--two of the three mines linked with the company's 4,000 MW Sasan ultra mega project in Madhya Pradesh for fuel supply--have commenced production. 

* SHRIRAM CITY UNION FINANCE: Will raise 2.5 bln rupees through public issue of non-convertible debentures maturing in three years and five years. 

* S KUMARS NATIONWIDE: Registrar of Companies is examining the company's reply on the charges of misrepresentation of corporate reporting and violation of various section of Companies Act.

* SOUTH INDIAN BANK: Is looking to raise around 4.3 bln rupees through a qualified institutional placement that opened Sep 3.

* STATE BANK OF INDIA : Car loan disbursals were at 9.72 bln rupees in August as against 5.5 bln a year ago.

* SUZLON ENERGY: Plans the first international bond offering among wind turbine makers globally since 2011.

* STEEL STRIPS WHEELS': Company's August wheel rim sales rose 4% on year to 835,000 units but exports fell 43% on year to 74,940 units.

* TATA MOTORS: Is developing a new generation three-litre and five-litre engines for its commercial vehicles, and will launch the same in Jan-Mar.

* TUBE INVESTMENTS OF INDIA : Has completed acquisition of 44.12% stake in SHANTHI GEARS at 81 rupees per share.

* WIPRO: Has poached senior Infosys executive Shaji Farooq, who was heading the banking and financial services vertical.

By RUPEE DESK

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