FREE DAILY STOCKS ALERT: 28.09.2012

[rupeedesk]

* ASHIANA HOUSING: Has spent 136.9 mln rupees on construction of the retail-cum-hotel complex in Jamshedpur .

* BHARTI AIRTEL: Has appointed Rakesh Bharti Mittal as chairman and Akhil Gupta as the vice chairman and managing director of arm Bharti Infratel.

* CONTAINER CORP OF INDIA : Krishnapatnam Port Co is in talks with the company and ALLCARGO LOGISTICS to set up container freight stations at its port.

* DYNACONS SYSTEMS: Has approved two-for-three rights issue of shares and expects to raise 39.5 mln rupees via the issue.

* FORTIS HEALTHCARE: Promoter Fortis Healthcare Holding has pledged 4.57% stake in the company to Axis Trustee Service.

* GMR INFRASTRUCTURE: The Competition Commission of India has raised concerns over monopolistic and arbitrary pricing by Delhi 's international airport run by the company, which could have resulted in undue benefit of 34.15 bln rupees.

* GOLDEN GOENKA: Plans to raise up to 1.31 bln rupees via rights issue.

* GUJARAT STATE PETROLEUM CORP: Has raised 30 bln rupees from the bond market to meet the capex requirements for the ongoing exploration and production activity.

* HINDUSTAN COPPER: Is looking to expand its Greenfield exploration in various states to consolidate its position.

* INDIAN HOTELS CO: Delhi 's civic body has extended the company's lease for Taj Mansingh hotel by one year.

* JBF INDUSTRIES: Has inked a pact with Coca Cola to set up production unit in Brazil .

* KINGFISHER AIRLINES: Unimpressed with Chairman Vijay Mallya's presentation on a turnaround plan, lenders of the company have refused his request for further working capital loans of 2 bln rupees. Dubai-based Emirates is believed to have shown early interest in buying a stake in the company.

* LANCO INFRATECH: Is planning to raise $1 bln via sale of non-core assets by March to repay part of its debt.

* McLeod Russel India: The income tax department has sought the dismissal of a plea filed by the company against the state's powers to tax transactions retrospectively.

* PERFECTPAC: Has suspended production at its Faridabad unit due to fire damage.

* POWER GRID: Has approved investment plans worth 13.28 bln rupees.

* RELIANCE INDUSTRIES: Is keen on taking up a project to produce heavy oil in Venezuela .

* RELIGARE ENTERPRISE: Promoter RHS Finance has pledged 1.34% stake in the company to Axis Trustee Service.

* SHRIRAM CITY UNION FINANCE: Private equity fund Van Gogh has sold 7.93% stake in the company via open market. SBI Mutual Fund bought 1.2 mln shares of the company at 750 rupees each on Thursday.

* SKS MICROFINANCE: Deutsche Securities has cut stake in the company to 4.16% from 8.78%.

* SPICEJET: The Directorate General of Civil Aviation has asked the airline to start flights to Kargil in Jammu & Kashmir.

* SUBEX: Subash Menon has resigned as managing director and chief executive officer of the company but will remain a non-independent director.

* TECH MAHINDRA: Is looking to double revenue of the company, SATYAM COMPUTER SERVICES to $5 bln in the next three years.

* UNITED SPIRITS: ICRA has downgraded the company's rating on term loans and long-term fund based limits.

By RUPEE DESK

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