DAILY STOCKS ALERT: 14.06.2012
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Jun 14, 2012, 3:16:32 AM6/14/12
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DAILY STOCKS ALERT: 14.06.2012
* ARVIND: Is considering
renting a denim mill in Bangladesh for five years to manufacture 12 mln metres
of fabric annually.
* BRITANNIA INDUSTRIES: An internal enquiry has found several executives of the company at the level of general manager across the procurement and sales functions to be favouring certain suppliers over others.
* CARBORUNDUM UNIVERSAL: Has entered into a technical collaboration with UK-based Sheffield Refractories and Anderman Ceramics to manufacture and supply refractory solutions and aerospace components.
* COAL INDIA: Has put on hold its plan to buy foreign assets and has stopped talks with all foreign companies that it had started dialogues with. UK-based hedge fund, Children's Investment Fund has served an ultimatum to the company's chairman and managing director, giving the company time till
the month-end to set out a clear, verifiable path to sell all coal at market prices.
Company's arm, South Eastern Coalfields has suspended supply to Unit-2 of LANCO INFRATECH's Amarkantak power project in Chhattisgarh, on the ground that the company has not signed any long-term power purchase agreement with any state distribution company.
* CONGLOMERATE: Essar Group is targeting $35 bln in revenue in three years from infrastructure projects in India .
* CORPORATION BANK: Chairman Ajai Kumar said bank's credit offtake may rise over the next few months as liquidity situation will improve going forward.
* FARMAX INDIA: To issue 150 mln shares to promoters, creditors.
* HOTEL LEELAVENTURE: Lenders have approved company's 43-bln-rupee loan restructuring package.
* INFOSYS: Banking Services Head B.G. Srinivas has said the company sees no threat to revenues from Europe if there is no implosion of the Eurozone.
* MOSER BAER INDIA : Is seeking restructuring of its foreign currency convertible bonds worth $150 mln, which are due for maturity on Jun 21.
* NIIT TECHNOLOGIES: Has appointed Jyoti Srivastava as senior vice president and head of UK operations.
* JYOTHY LABORATORIES: To mull merger of Henkel India with self on Friday.
* LARSEN & TOUBRO: Mitsubishi Heavy Industries may consider buying a stake in the company's arm, L&T Shipbuilding.
* PRISM INFORMATICS: To raise up to 50 mln rupees via debentures.
* SGN TELECOM: To mull warrant conversion Tuesday.
* SUBEX: To issue new FCCBs worth $131 mln in a cashless exchange offer for
existing FCCBs.
* TATA COMMUNICATIONS: Has launched a low latency communication network connecting major financial capitals in Asia, the UK , and US.
* BRITANNIA INDUSTRIES: An internal enquiry has found several executives of the company at the level of general manager across the procurement and sales functions to be favouring certain suppliers over others.
* CARBORUNDUM UNIVERSAL: Has entered into a technical collaboration with UK-based Sheffield Refractories and Anderman Ceramics to manufacture and supply refractory solutions and aerospace components.
* COAL INDIA: Has put on hold its plan to buy foreign assets and has stopped talks with all foreign companies that it had started dialogues with. UK-based hedge fund, Children's Investment Fund has served an ultimatum to the company's chairman and managing director, giving the company time till
the month-end to set out a clear, verifiable path to sell all coal at market prices.
Company's arm, South Eastern Coalfields has suspended supply to Unit-2 of LANCO INFRATECH's Amarkantak power project in Chhattisgarh, on the ground that the company has not signed any long-term power purchase agreement with any state distribution company.
* CONGLOMERATE: Essar Group is targeting $35 bln in revenue in three years from infrastructure projects in India .
* CORPORATION BANK: Chairman Ajai Kumar said bank's credit offtake may rise over the next few months as liquidity situation will improve going forward.
* FARMAX INDIA: To issue 150 mln shares to promoters, creditors.
* HOTEL LEELAVENTURE: Lenders have approved company's 43-bln-rupee loan restructuring package.
* INFOSYS: Banking Services Head B.G. Srinivas has said the company sees no threat to revenues from Europe if there is no implosion of the Eurozone.
* MOSER BAER INDIA : Is seeking restructuring of its foreign currency convertible bonds worth $150 mln, which are due for maturity on Jun 21.
* NIIT TECHNOLOGIES: Has appointed Jyoti Srivastava as senior vice president and head of UK operations.
* JYOTHY LABORATORIES: To mull merger of Henkel India with self on Friday.
* LARSEN & TOUBRO: Mitsubishi Heavy Industries may consider buying a stake in the company's arm, L&T Shipbuilding.
* PRISM INFORMATICS: To raise up to 50 mln rupees via debentures.
* SGN TELECOM: To mull warrant conversion Tuesday.
* SUBEX: To issue new FCCBs worth $131 mln in a cashless exchange offer for
existing FCCBs.
* TATA COMMUNICATIONS: Has launched a low latency communication network connecting major financial capitals in Asia, the UK , and US.
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