BUY AND HOLD "CIPLA"
± IVRCL Assets and Holdings Limited, is in the process of signing an MOU for developing a Rs1bn automated multi-level car parking terminal in Kenya (BS)
± Cairn Energy will have to fork out about US$1.5bn as tax for its stake sale deal with Vedanta Resources in Cairn India. (BL)
± Senior executives Bhagwat Yagnik, Rajbeer Sachdeva of Ranbaxy Laboratories put in papers. (ET)
± Maruti Suzuki has raised output of the Swift despite disruption of production at its strike-affected Manesar plant to 700 units a day (ET)
± Tata Housing Development Company has joined hands with the MMRDA to invest Rs20bn for a rental housing project near Mumbai. (ET)
± Mahindra and Mahindra Financial Services Ltd has stopped making gold loans due to sharp fluctuations in the price of the precious metal. (FE)
± Advent International has intensified its negotiations with British Telecom to acquire its sizeable stake in Tech Mahindra. (BS)
