BUY AND HOLD "HPCL"
± GTL has received lenders approval to restructure over US$1bn in debt. (ET)
± BGR Energy
is close to finalising a deal for getting into the solar power
industry, with Flagsol GmbH, a subsidiary of Solar Millennium of
Germany. (BL)
± NTPC Ltd has issued a cautionary letter to a couple of Haryana utilities on pending payments. (BL)
± Sun TV to invest over Rs3000mn including Sun Pictures investment of around Rs800mn during the current fiscal. (BS)
± Mahindra Satyam
is exploring a strategic alliance or a joint venture with a Chinese
partner to expand its presence in the world’s second largest economy.
(BS)
± GVK group plans to raise US$1bn selling stake in its energy unit to help fund Hancock acquisition. (FE)
± IVRCL is under CBI scanner for alleged irregularities in a tsunami housing project in Puducherry. (FE)
± Dhanlaxmi Bank hiked its base rate and benchmark prime lending rate by 25 and 50 basis points respectively. (ET)
