Stocks in News

1. HDFC: Sells 7.15% stake in HDFC Standard Life to Standard Life Assurance for Rs 120 cr. Post stake sale Standard Life holds 26% in HDFC Standard Life. HDFC Standard Life to float IPO by Dec '09
2. Oil Companies Cut Jet Fuel Prices By Up To Rs 2,053/kL:
3. CRISIL gives 4/5 grade to Reliance Power IPO; says grading shows IPO fundamentals above average
4. Reliance Power likely to offer 5-6% discount to retail investors, price band likely Rs 400-450
5. M&M to hike prices by up to Rs 10,000 from today
6. Marksans Pharma board approves acquisition of Bell, Sons & Co
7. Koutons Retail board approves acquisition of DBG Retail Holdings
8. Ex-event: Indiabulls Financial (demerger of securities biz)
9. Govt rejects Balco expansion plans, enviornment and forest mionistry calls co deplorably callous in responding to concerns
10. RBI allows fresh buying in IFCI as FII limit hiked to 74%
11. DoT may take back extra spectrum from GSM players - Agencies
12. Dhanus closes in on Turkish telco Boursan Telekom
13. Govt may waive Rs 1000 cr ceiling for the cos equity investment in power project
14. Kingfisher-Air Deccan may get to carry forward losses
15. Govt may scrap 2 textile friendly schemes- the apparel parks for export scheme and the textile centre infra development scheme
16. Cipla maintains number 1 position in Indian market, market share of 5.4% ahead of Ranbaxy and GSK
17. KPIT Cummins to set up 3rd facility in Pune with investment of Rs 80 cr
18. Govt may allow foreign tobacco cos into India, Cos like British Tobacco & Phillip Morris might be able to set up operations.

Sources: IB