Equity Market News- 3th October 2008

• ICICI Bank, Kotak Mahindra considering 100bps hike in loan rates, HDFC to stay put for now - ET
• Steel Cos plan output cut on falling demand, costlier ore - ET
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• DLF plans to sell stake in DLF Utilities, SPV to raise USD 1.25 billion - DNA
• Provogue plans Rs 90 cr expansion, to expand to tier 2 cities - ET
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• SpiceCom has lost nearly 1 m subscribers post Idea takeover - ET
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• Sun Pharma to extend Taro offer which expires today - ET
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• Daimler to retain its 6.64% stake in Tata Motors - ET
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• NBFC’s borrowing at never before rates in money market to keep afloat, paying 1000-1800 bps above Mibor - ET
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• Developers waiving rents, ready to pay retailers to set up shops in malls as demand falls - BS
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• L&T in talks with Areva, GE for N venture - HT