Thursday, September 9, 2010
European markets update: CAC Index down 0.5% and DAX Index down 0.4%
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Corporate Snippets
Tata Steel is in talks with banks to raise between US$4.5-US$5.5bn loan to refinance debt at its European unit Corus, (BS)
Tata Steel raised Rs7bn by selling shares of Tata Motors and Tata Power to a group company, Tata Industries. (ET)
Tata Steel plans to buy a ferrochrome mine in South Africa for captive use of its ferrochrome processing unit, Tata Steel KZN in that country. (BL)
BHEL to enter JV with Kerala government. (ET)
BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthan government.
Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)
Tata Steel raised Rs7bn by selling shares of Tata Motors and Tata Power to a group company, Tata Industries. (ET)
Tata Steel plans to buy a ferrochrome mine in South Africa for captive use of its ferrochrome processing unit, Tata Steel KZN in that country. (BL)
BHEL to enter JV with Kerala government. (ET)
BHEL and BGR Energy are in race for two orders worth Rs120bn from Rajasthan government.
Cairn India to pay taxes due in India, UK on Vedanta deal. (ET)
Wednesday, September 8, 2010
European market update: FTSE index down 0.3%, DAX index down 0.2% and CAC index flat
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BUY Hindalco Sep Fut at Rs181.5 with SL of Rs177 for Target of Rs191
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BUY DLf Sep Futs at Rs318 with SL of Rs311 for a target of Rs338
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Tuesday, September 7, 2010
European markets update: FTSE Index down 0.3%, CAC Index down 0.8% and DAX Index down 0.5%
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BUY L&T Sep Futs at Rs1855-1857 with SL of Rs1844 for target of Rs1902
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Monday, September 6, 2010
European markets update: FTSE Index, CAC Index up 0.5% each and DAX Index up 0.4%
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Tata Steel raises flat-product prices by as much as 4%
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FIIs were net buyers of Rs2.83bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1.23bn. In the F&O segment, the foreign funds were net buyers at Rs5.91bn. FIIs were net buyers of Rs1.48bn in the cash segment on Thursday, as per SEBI's web site. Mutual Funds were net buyers at Rs195mn on the same day.
Corporate Snippets
Wipro and Leica Geosystems bags Rs1.2bn project that involves setting up operator-independent truck dispatch systems at Coal India’s 11 large mines. (ET)
SBI is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. (BS)
Indian promoters of Hero Honda are reportedly in talks with PE players to raise the funds to buy 26% stake held by Honda Motors. (BS)
Cipla could take a decision on buying up to 25% stake in a unit of South Africa-based Cipla Medpro at the next board meeting in October. (ET)
Reliance Capital AMC has bought two series of convertible preference shares in Trent, the retail arm of the Tata group, for Rs210mn. (ET)
SBI is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. (BS)
Indian promoters of Hero Honda are reportedly in talks with PE players to raise the funds to buy 26% stake held by Honda Motors. (BS)
Cipla could take a decision on buying up to 25% stake in a unit of South Africa-based Cipla Medpro at the next board meeting in October. (ET)
Reliance Capital AMC has bought two series of convertible preference shares in Trent, the retail arm of the Tata group, for Rs210mn. (ET)
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