News for today: 13 aug

News For Today...
1) NTPC to replace Dabur in Nifty, CNX 100 from Sept 24.
2) Omaxe and IFCI Still in NSE F&O curb.
3) Bajaj Auto demerger meet on Aug 18.
4) Jet Airways launches Mumbai to New York service.
5) Tata Tea to consider host of strategic initiatives including change in name, amalgamation of its beverages biz globally and even a stock split at appropriate time. Tata Tea is also close to a JV deal in Russia.
6) Gati close to acquiring Delhi based cold chain management co Kausar for Rs 35 cr.
7) DoT rules out MTNL-BSNL merge in immediate future.
8) Novelis reported a net loss of USD 151 m in Q1FY08 against a profit of USD 6m in same quarter last year.
9) Fidelity picks up 7% stake in TCI via pref allotment at Rs 105/sh, holding to go up to 10%.
10) ITL now eyeing Tractorul.
11) India Debt Fund, a part of ADM Capital to pick up 14% stake in Saurashtra Cements through conversion of debenture at Rs 35/sh (CMP Rs 58.35).
12) Wipro plans JV with Boeing for MRO biz.
13) Shapoorji Pallonji realty to raise USD 300m from PE players.
14) ADAG to launch telecom tower exchange, a platform through which mobile operators & tower owners can transact biz online.
15) Rohit Pulp and Paper Mills open offer at Rs 26/sh (CMP: 24.70).
16) RBI allows FIIs to buy up to 100% stake in Sujana Towers.
17) Visaka Industries board approves selling garment division.
18) BOC India signs contracts: To supply 420 Nm3 of nitrogen per hour to GKN Sinter. To supply 35 tons per day of oxygen to Electrosteel Castings.
19) HOEC shuts down well at PY-3 field; to reduce output by 1100 bopd.
20) Webel-SL Energy board approves Issue of 90 lakh GDRs representing 9 lakh shares at Rs $ 1.20 (with over allotment option of up to 75 lakh GDRs).
21) Camlin board meets on Aug 18 to consider issue of shares/warrants on preferential basis private equity fund/FIIs.
22) BHEL bags contract to install three sets of 500 MW power plants at Jhajjar for over Rs 2900 cr.
23) SCI gets govt approval to acquire 12 new building vessels with investment of Rs 3194 cr.
24) Asian Electronics board approves: Swap ratio of 1 share (FV Re 1) of Green Hydrocarbons for 1 share (FV Rs 10) of the company. Swap ratio of 5 shares (FV Re 1) of US Instruments for 1 share of (FV Rs 10) of the company.
25) 1.98 cr HDFC Bank shares to hit the market.

Sources : moneycontrol.com

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Happy Investing.
Debayan.

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