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Buzzing Stocks
· Jewellery-maker Gitanjali Gems Ltd today said it has picked up majority stake of Italian firm Glantti Italia S.R.L. The company acquired 90% stake in Milan-based Glantti Italia from its Dubai-located wholly owned subsidiary Gitanjali Ventures DMCC , Gitanjali Gems said in a filing with the Bombay Stock Exchange
· M&M faces $290mn law suit by Reva ally in New York
· China’s largest govt owned energy firm CNPC approached ONCG for alliance to access India’s oil and gas assets
· US firm buys 60% stake in Nitin Fire Protection subsidiary for $21mn
· Indian Hotels 10% stake in International hotel chain Orient Express Hotels valued at half the price they invested in 2007
· Maytas Infra - in JV with Gayati Projects bags a contract worth Rs 1130.6Cr from Nagaland Govt
· State Bank of Travancore - approved the augmentation of Rs500Cr (including premium) of capital through Rights Issue.
· Genesys International board meet today to consider fund raising upto Rs350Cr
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