Corporate News - Industry trends

* The governments disinvestment programme made a muted restart

with the Cabinet Committee on Economic Affairs (CCEA)

approving the part-sale of its stake in two power companies NTPC and

Satluj Jal Vidyut Nigam (SJVNL) - but postponing a decision on the

overall disinvestment policy (BS)

* The high-pitched Reliance Industries Ltd and Reliance Natural

Resources Ltd dispute is scheduled for an afternoon hearing in the

Supreme Court on Tuesday (BS)

* A CABINET committee approved the sale of 5% in NTPC in one of the

most ambitious equity sales in a state-owned firm that could fetch the

government around Rs 90bn at current market prices (ET)

* Megnasolace City Pvt Ltd, a special purpose vehicle set up for the

Mumbai IT/ITES SEZ project coming up at Thane, is looking at

raising US$216 mn through private equity to acquire up to 250 acres

to complete the first (BS)

* Mukesh Ambani, after completing the world's largest oil refining

complex at Jamnagar in Gujarat, has now set his eyes on owning

refining assets in the US and Europe; His RIL has initiated preliminary

discussions with US-based refiners such as Valero Energy Corp, Sunoco

Inc and Flying J Inc for acquiring refineries, said sources (BS)

* Workers' unions in the Gurgaon-Manesar industrial belt in Haryana

have called for a one-day strike on Tuesday to protest the death of a

labourer in a group clash at a plant of auto component maker, Rico

Auto (BS)

* Currency volatility is a concern for India's largest information

technology company, Tata Consultancy Services. So much so, that it

has taken new hedging positions worth US$135 mn for the quarter

ending December 31 (BS)

* The government approved Norwegian telecom company Telenor's

proposal to raise stake in its Indian joint venture Unitech Wireless to

74%, the maximum permitted in the sector (BS)

* TATA-QUIPPO, the telecom tower venture between the Tatas and

Kolkata-based Kanorias of Srei Group, is in advanced stages of

negotiations with New York-based private equity fund Apollo

Management to finance acquisition of cellular operator Aircel's tower

assets, should it win the bid (ET)

* TVS Motor Company is gearing up to launch the country's first

motorcycle with automatic clutch by the end of this calendar year (BL)

* Additional cement capacities of nearly 31 mn tonnes (across 33

projects) are expected to be commissioned in the second half of this

fiscal at an investment of Rs 79.6bn (BL)

*UCO Bank is likely to raise Rs 9-9.5 bn from a follow-on-public offer

after a strong rally in the stock market (Mint)

* A consortium of Lanco Infratech has won coal-bed methane gas

exploration blocks at Talcher and the ib valley in Orissa in the latest

round of bids that concluded on 12 October (Mint)

Economic/Regulatory development

The Centre, cleared a proposal to shift to a monthly Wholesale Price

Index series instead of the current weekly one, with the base year to

be changed to 2004-05 from 1993-94 at present (BL)

International trends

Federal investigators are gearing up to file charges against a wider

array of insider-trading networks, some linked to the criminal case

against billionaire hedge-fund manager Raj Rajaratnam that shook

Wall Street last week, people familiar with the matter said (BS)

We Insight Technical provides hot shares in bse,sharemarketindia,hot stocks bse,nse hot stocks,preferred stock recommendations, hot shares on bse,intraday stock recommendations,technicals of share market,mcxtip,Indian stock advisory,

nifty stock recomendations,stock trading franchise India,stock market trend history,bse option calculator, hot stocks in Indian share market,hot tips bse market free sms,indianstockcharts,hot Indian stocks, hot intraday tips nse,hot intraday tips nse bse,Indian stock recommendation for intraday,nifty stock recommendations,

technical share market,technicals of Indian stocks,gold intraday tips,mcx broker tips,hot stock in nse, hot stocks in bse,Indian technicals,intraday option trading tips,nri intraday trading,nse intraday recommendations, option calculator nse,share market recommendations,stock market consultant,ncdex tips.

For More information Visit : http://www.insighttechnical.net

Email : contact@insighttechnical.net

Contact : +91 9822226867

Resources

Top Categories

Product

Company