News For Today

1) NSE bars further F&O positions in Nagarjuna Fert as 95% of market wide limit reached.
2) Motilal Oswal IPO opens today; offer of 29.82 lakh shares; price band Rs 725-825 (FV Rs 5).
3) Chambal Fertilisers subsidiary sells entire stake in Australia-based Technico to ITC subsidiary Russell Credit.
4) Board meetings: Oudh Sugar to consider fund raising including rights/preferential issue.
5) Birla Power Solutions on ADR/GDR/FCCB issue.
6) Cinevistaas on 5:1 stock split.
7) PNB may bid for 26% stake in IFCI.
8) ICICI Bank receives FIPB approval to sell up to 24% stake in ICICI Holding. ICICI Bk plans to sell 5.9% in holding co to FIIs at USD 650m.
9) US launch of Ranbaxy's lipitor may be sooner, Pfizer's application to re-issue patent rejected.
10) TCS close to bagging USD 1.5 bn contract from UK's Prudential Insurance.
11) Texas Pacific & Apax Partners in final lap to buy 2 promoters in Patni Computers.
12) RIL sees hydrocarbon prospects in new KG Block, to enter next phase of testing.
13) Rel Com in talks with Maxis to potentially take majority stake in Aircell Cellular.
14) Govt issues Rs 7500 cr worth fertilizer bonds.
15) Ansal API in talks with US operator to jointly bid to develop airports.
16) WNS loses client on US subprime loses.
17) Alok Infra, a subsidiary of Alok Ind has bought 5.75 lakh sq feet of office space in Mumbai for Rs 1075 cr.
18) Bajaj's Waluj plant workers get pay hike.
19) Revival packages for 17 co's, Madras fertilizers gets Rs 180 cr, HMT gets Rs 83 cr.
20) UP govt shatters Anil Ambani's SEZ plans, recommends that the project is not in tune with commerce ministry guidelines.
21) Great Offshore close to buying PetroJAck of Norway for USD 500m.
22) Maharatshta govt opposes RIL's Mumbai SEZ.
23) Shopper's Stop likely to ramp up holding in HyperCity.
24) ADAG to invest Rs 500 cr to produce 40 movies trough Big Motion Pictures.
25) Nicholas plans cancer drug trials in US by year-end.
26) Cipla in talks with Thai govt for HIV drug supply.
27) Pantaloon board approves Future Capital IPO.
28) Taro postpones shareholders meet again to Nov.
29) Pyramid Saimira forays in to Singapore, W Asia.
30) PFC considering separate fund of Rs 2,500 cr to buy equity in NHPC, Power Grid and REC.
31) Sobha Developers to sign a MoU with Kerala government today to set up a Rs 5000 cr hi-tech city at Maradu.

Source Money Control/WOW

============================================================
Friends,
It's not possible to mail here every bit of news I get. Many members in the group may even feel like getting spammed. Hence I request you to kindly visit the following links for more news. Moreover, space provided in blogger is absolutely free, so no constraints. I will email only the ones that I feel are more important. Please bear with me.
Happy Investing.
Debayan.

Visit http://plethora-news.blogspot.com for more news

Visit http://www.esnips.com/web/dbn-research-reports for the latest research reports

============================================================