Valiant Communications Board to consider Buyback of equity shares

Valiant Communications Ltd has informed Indian stock market that a meeting of the Board of Directors of the Company will be held on September 08, 2008, to consider the proposal of Buyback of equity shares of the Company.

Veer Energy Board to consider issue of Bonus shares

Veer Energy & Infrastructure Ltd has informed Indian stock market that a meeting of the Board of Directors of the Company will be held on August 29, 2008, to decide about the issue of Bonus shares.

Equity Market News Today

• Inflation for week-ended Aug 9 at 12.63% vs 12.44%
• Oberois may dilute stake in EIH, Reliance leads the race to acquire entire 26% - BS
• German fund buys stake in Phoenix Mills SPVs for Rs 1300 cr - ET
• Vodafone seeks damages of Rs 1617 cr from Ruias for not transferring shares of BPL Mobile - ET
• Future Groups PE arm plans to buy 40-50% stake in Blue Foods - ET
• Balaji in talks with clutch of investors including ADAG for stake Star TV’s stake in co, ADAG denies any such plans - ET
• Tata Motors may sell stake in group cos to raise funds - ET
• Gujarat NRE's Australian mines hits environment hurdle - ET

Nagarjuna Construction secures Three new Orders

Nagarjuna Construction Company Ltd has informed Indian stock market the Company has secured three new orders aggregating Rs 474 crores.

Damodar Threads fixes Record Date for Right Issue of Equity Shares

Damodar Threads Ltd has informed Indian Stock Market that September 09, 2008 has been fixed as the Record Date for the purpose of Right Issue of Equity Shares of the Company.

Equity Market News Today

• Reliance Retail on austerity drive to cut costs, management denies any such development: ET
• GAS-Raymond JV may comes to an end, GAS looking for another partner for India Biz: ET
• Hotels, real estate cos line up to acquire UK's Ten Hotels put on the block by Dawnay Day - ET
• Leading Corporates, PE funds eye ICL stake - ET
• Western India Shipyard shareholders file caveat against ABG Shipyard for takeover: ET
• OVL gets nod to bid for UK's Imperial Energy - BS
• RIL mulls JV with Petrobas - BS
• Ambuja Cement rejects Holcim's stock option plan - BS
• Reliance Entertainment eyeing US mobile gaming co - DNA
• Bartronics eyes buyout in Europe, identifies 3 cos in RFID space - DNA
• Asian Oil Field acquires stake in Singapore based Ensearch Petro for Rs 20 cr - DNA
• NHPC IPO to hit market on Oct 13 - HT

Allied Computers Board to consider Stock Split

Allied Computers International (Asia) Ltd has informed Indian stock market that a meeting of the Board of Directors of the Company will be held on August 27, 2008, to consider the - Split of Shares of the Company.

Wire & Wireless Board approve Right Issue

Wire & Wireless India Ltd has informed Indian Stock Market that the Board of Directors of the Company at its meeting held on August 20, 2008 has approved the issue of shares on Rights Basis to the Shareholders of the Company, upto Rs 450 Crores.

Equity Market News Today

• General Atlantic may buy 20% stake in Wockhardt Hospital for $140-150m - ET
• Kirloskar Elect set to buy Germany's LDW for $50m - ET
• Arvind looking to raise funds in its discount fashion chain Mega Mart, in talks with PE players - ET
• Airline fees to go up in Mumbai and Delhi, 10% aeronautical charges to be charged - TOI
• Govt steps up vigil on FDI inflows, many proposal from tax havens like Mauritius put on hold, rejects Jindals proposal to get FDI for JSW Infra - ET
• Godrej Sara Lee in talks to acquire Tortoise brand of mosquito repellents from Bombay Chem - ET
• GMR Energy aims to raise Rs 2600 cr, plans to sell 5-10% stake to PE players - BS
• PNB close to selling stake in AMC,Gilts - BS
• Sugar prices down 5%, UP govt to challenge HC order on sugarcane prices - BS
• First education fund in the offering, Milestone group plans raise Rs 800 cr - FE
• L&T close to picking equity in Australian, Indonesian coal mines - BL

McNally Bharat - Receipt of Orders

McNally Bharat Engineering Company Ltd has informed Indian stock market that the Company have received the following Orders in the Company's Products Division:

1. Order from Siemens VAI, Kolkata for Structural Fabrication at SAIL Plant at Burnpur valued at Rs 37.78 crores exclusive of all taxes and duties.

2. Order from Brahmani River Pallets Ltd, Bhubaneswar for 1 no. Rod Mill and 2 nos. Ball Mills valued at Rs 15.47 crores exclusive of all taxes and duties.

Cubex Tubings - Receipt of Order

Cubex Tubings Ltd has informed Indian stock market that the Company has received order worth Rs 60 millions from NTPC Ltd under competitive bidding.

HEG Board approves Buy-back of equity shares

HEG Ltd has informed Indian stok market that the Board of Directors of the Company at its meeting held on August 19, 2008, has approved the Buy Back of the Fully Paid Equity Shares of the Company at a maximum price not exceeding Rs 350 per Equity Share for an aggregate amount not exceeding Rs 48.50 Crores, which is within 10% of the total paid up Share Capital and Free Reserves of the Company.

Equity Market News Today

• FIIs may get approval to invest in Indian Depositary Receipts – ET
• ICICI Bank sells $275m worth risky papers, will help to cut down MTM losses – ET
• TCS leads the race to acquire Citi's BPO, deal size pegged at $500-550m - ET
• M&M working in electric car bigger than Reva – FE
• Ambuja Cement to hike prices by Rs 20/bag – ET
• Sobha Developers to sell stake in 3 SPVs, in talks with PE players to raise funds – DNA
• Punj Lloyd consortium bids for Singapore's maiden LNG import terminal project worth $1bn – ET
• Punjab Chem to raise Rs 250 cr via GDR in next 6 months - BS
• Take Solutions, Four Soft merger ratio likely in 2 weeks - BS
• Satyam delays hikes, payout to be smaller this year - Mint
• Subhash Projects, Emco to jointly acquire 83% stake in Indonesian Coal mine for Rs 300 cr – Mint

Rain Commodities Board to consider Buy Back of equity shares

Rain Commodities Ltd has informed Indian stok market that a meeting of the Board of Directors of the Company will be held on September 01, 2008, to consider and approve the proposal for Buy Back of Equity Shares of the Company.

Jyothy Laboratories Board to consider Stock Split & Dividend

Jyothy Laboratories Ltd has informed Indian stock market that a meeting of the Board of Directors of the Company will be held on August 27, 2008, to consider Stock split of Equity Shares of the Company.

AI Champdany fixes Record Date for Stock Split

AI Champdany Industries Ltd has informed Indian stok market that September 18, 2008 has been fixed as the Record Date for the purpose of subdivision of Equity Shares of the Company.

JM Financial fixes Record Date for Stock Split & Bonus Issue

JM Financial Ltd has informed the Indian stock market that September 15, 2008 has been fixed as the Record Date for the purpose of determining the shareholders who would be eligible to receive sub-divided equity shares and bonus shares.

Simplex Trading Board approves Bonus Issue

Simplex Trading & Agencies Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on August 18, 2008, has considered & resolved to make a Bonus Issue at a proportion of Four equity shares for every One equity shares held by the equity shareholders of the Company subject to shareholder's approval in Annual General Meeting of the Company.

Exdon Trading Board approves Bonus Issue

Exdon Trading Company Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on August 18, 2008, has considered and resolved to make a Bonus Issue at a proportion of Two Equity Shares for every One Equity Shares held by the shareholders of the Company subject to shareholder's approval in Annual General Meeting of the Company.

Equity Market News today

• Hindalco's Australian Copper mine has turned out to be commercially unviable - ET
• Trai as DoT to take action against GSM players (Bharti, Idea, Vodafone) if they fail to connect their network to R Com's GSM network by Aug 21 - ET

• Tata Power, Reliance Infra, DLF and CESC in race to acquire WB based Dishergarh Power Co - DNA
• Govt changes norms for ultra power projects, Reliance Power to benefit - Mint
• DoT starts 3G auctions, invites request for proposal to select agency to conduct e-auction - DNA
• Reliance Big Entertainment, Soros deal struck over valuations - ET
• Datacom promoters (HFCL) alleges Videocon has passed of Rs 1000 cr loan from Bank (SBI) to its own contribution to Datacom's equity - ET
• IDRs(Indian Depository Receipts) will have to pay STT - ET
• Minda eyes Italy's Vimercati, deal valued at $50-55m - ET
• Institutions will have to pay 100% for IPOs soon - BS
• Aviation ministry suggest reduction tax burden on ATF along with hiking FDI limit - DNA
• Pricing, cost may hit DR Reddys AOK bid which is worth 2bn euros - DNA
• Electrotherm close to buying mines abroad - DNA
• ONGC refuses to reimburse service tax on onshore vessels they hire - DNA
• Cosmo Films plans Rs 240 cr expansion - BL
• Nagarjuna Const foraying into power sector - BL
• Rolta eyes $2bn sales for Nuke projects - BS
• JSW's Mozambique unit likely to face delays - DNA
• Hindustan Sanitaryware eyes 2 acquisitions in Europe - ET
• Govt ropes in pvt players for Delhi slum rehab, DLF, Omaxe, Raheja express interest - ET
• Excise waived for goods used in ultra power projects - BL