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Monday, October 6, 2008

Equity Market News- 6th October 2008

  • TCS close to buying Citi’s BPO arm for $ 550 million -ET
  • L&T Capital buys 4.2% stake in Kalindee rail - ET
  • Allahabad Bank defers rights issue - BL
  • Hindalco promoters forgo warrant conversion, may subscribe to additional shares in rights issue – BS
  • Finance Minister hardened its stance against trade deal with Mauritius, feels Mauritius must find solution to double tax treaty misuse – BS
  • Cairn India’s Ravva oilfield enters declining phase in July-September quarter-BL
  • Essar Construction to take up pipeline projects on EPC basis - BL

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