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Buzzing Stocks
· BHEL has bagged Rs26.7bn order for supply and installation of a 2x600-MW thermal power plant at Raigarh in Chhattisgarh.
· The Government has approved splitting of ONGC shares ahead of the FPO slated for March 2011.
· NTPC has tied up with a Singapore-based bank for US$300mn loan for funding its projects during this fiscal.
· Coal India Ltd. ( CIL) may buy 10% stake in US-based Peabody asset ltd.
· HDFC bank, ICICI bank & Corporation bank withdraws teaser home loan schemes.
· Bharti Airtel & Punj Llyod has submitted bids to buy out Telecom consultant of India (TCIL) 30% stake in Bharti Hexacon. The deal is expected to be worth Rs18bn.
· The Government is likely to dilute up to 10 % of its stake in Neyveli Lignite in the next financial year.
· Dewan Housing Finance Ltd (DHFL) will acquire Deutsche Postbank Home Finance for Rs1,079Cr. Following the acquisition, Dewan Housing Finance Group's combined asset base will exceed Rs20,000Cr. It expects that its active customer base would be over 200,000 by the end of the current financial year.
· According to news sources, Emami has emerged the front-runner in the race for Ahmedabad-based Paras Pharmaceuticals. Three other companies are also in the fray, though their names could not be ascertained. Emami is said to have placed a bid of $750mn (Rs3,400Cr) — higher than the $700mn received from other contenders in the race. Emami Director Aditya Aggarwal said “Paras is a pan-India brand. It’s a great fit as brand, sales and marketing integration can easily be done.”
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