News for Today...

1) Capgemini says not in talks with Wipro about a takeover; earlier reports indicated Wipro may offer to buy Capgemini for USD 7 billion.
2) Sebi clears desk for Reliance Power IPO.
3) Govt planning to withdraw service tax on biz & first class fares, also to halve duties on ATF from 10% to 5%.
4) OVL strikes crude off Qatar coast; OVL is the sole operator on the field.
5) Tea cos hike prices of branded tea by Rs 1-7/pack.
6) Gateway Distriparks promoters may offload stake to a strategic player, Reliance Logistics and Tata group send feelers.
7) DLF to list 5 cos, to raise USD 5 billion, no plans of any stake dilution in parent co DLF.
8) Unitech to enter into JV with PVP Enterprise, SSI for property development.
9) Dunlop India out of BIFR, expects profits this year.
10) Sumitomo, Bhushan Steel forms JV for plant in Orissa.
11) L&T to hive off concrete units.
12) Yamaha likely to form JV with Bajaj Auto, Bajaj to use one of its plants to create platform for high-end bikes.
13) Govt of Singapore picks up 8.5% in Anant Raj Ind at RS 1220/sh.
14) Dewan Housing board meet on Jan 4 to consider: Raising funds via preferential allotment / QIP issue / convertible warrants to promoters. Increase in FII investment limit from 24% to 40%.
15) Gail India signs agreement with OIL to bid jointly in NELP-VII.
16) Su-Raj Diamonds board met on Jan 5 to consider issue of shares to promoters on preferential basis.
17) NTPC signs loan agreement of Rs 1000 crore & bond subscription agreement of Rs 1000 crore with LIC of India to finance capex needs.
18) NSE to introduce mini F&O contract on S&P CNX Nifty index ((minimum size of Rs 1 lakh)).
19) Prime Securities board approves: Increase FII investment limit by from 30% to 74%. Issue of up to 18 lakh shares to New Vernon Pvt Equity.
20) GMR Infrastructure subsidiary GMR Hyderabad International Airport awards fixed line services management contract to Tata Teleservices.
21) F&O curb: Adlabs Films.

Sources MC