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Wednesday, September 10, 2008

Equity Market News -10th September 2008

  • Unitech likely to sell stake in teleco business to Telenor - ET (Telenor is reportedly in race to be a partner, but sources say Government may not clear Telenor's investment because of company's big presence in Pakistan)
  • Fujitsu, NTT may put in a counter bid for Axon - ET
  • BPL mobile has issued 17% equity to a Mauritius based entity to raise $ 80m last year - ET (Vodafone and Essar are fighting over the control of BPL Mobile)
  • Vedenta may scrap Orrisa steel plant - BS
  • IndoFoil organics plans Rs 130 crore capex - BS
  • Dolphin Offshore eyes JV with Brunei firm - DNA
  • 3i Infotech bag government deal for setting up 12000 IT kiosks - ET

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