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Buzzing Stocks
· Bank of Baroda has entered into JV agreement with Banco Bilbao Vizcaya Argentaria of Spain to sell 51 % stake in its credit card arm Bobcards.
· Bhushan Steel will purchase coal from Boikarabelo mine of Australia based coal supplier Resource Generation for 20 years.
· Sterlite Industries & Hindalco are seeking a 76% increase in treatment and refining fees of copper.(
· Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines in the island-nation.
· Lanco Infra to buy Australia based Griffin Coal mining company & Carpenter Mine Management for US$750mn.
· The environment ministry has given Jindal Steel 15 more days to file a reply to its show-cause notice
· Essar Steel and Kobe Steel of Japan have entered into a MoU to produce autograde steel in India.
· SAIL follow on public offer is likely to hit market in mid-January 2011.
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