Thursday, December 2, 2010

Share market updates

ONGC seen up as govt OKs
1:1 bonus share issueas well as a 2-for-1 stock split.

BHEL: Bags 2665 cro order from Chattisgarh.

BHARTI AIRTEL and PUNJ LLOYD are the only two companies who have submitted
bids to buy out Telecom Consultants of India's 30% stake in Bharti Hexacom;
winner may have to shell out over 1800 cro for stake buy.

Comptroller and Auditor General's report on extra spectrum telecom firms
have got to have minimal impact on BHARTI AIRTEL

CIPLA: Supreme Court dismisses Bayer's plea to block the company's low cost
cancer drug launch.

DEWAN HOUSING: To buy Deutsche Postbank assets in India for
10.8 bln rupees.

EIH: RELIANCE INDUSTRIES not to seek board representation on the company's
board in the foreseeable future.
EMAMI: Emerges frontrunner for Paras Pharma with $750-mln bid.

GODREJ CONSUMER: Plans soap price hikes due to margin pressure.

HERO HONDA: Hero Group agrees to royalty payments of 8% of overall
sales per annum to Honda Motors in return for a technology makeover and stake
sale. November total sales 421,366 vehicles, up 10.5% on year.

JAIPRAKASH ASSOCIATES: Sold 1.10 mln tn of cement in November, up 12.2%
from 981,000 tn a year ago.

MARUTI SUZUKI: To raise vehicle prices as margins under pressure.

NEYVELI LIGNITE: Government plans to dilute 10% stake in the company next

ONGC: Government OKs stock split ahead of follow-on
public offer.

SCI: 84.7-mln-share follow-on public offer fails to
enthuse investors even on second day, as it received bids for only 44% of the
total shares on offer.

TATA GLOBAL BEVERAGES: Aims 8-9% growth in next 12 months; re-launches Tata Tea.

ULTRATECH: Nov cement sales 2.66 mln tn, down 9.25% on year.

VA TECH WABAG: Plans acquisitions of around 10 bln rupees in China and
Middle East.

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