Buzzing Stocks - Keynote Capitals (January-25-'11)

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Buzzing Stocks

·      Sun Pharmaceutical is planning its biggest acquisition in the US to boost sales in the world’s largest pharmaceutical market.

·      L&T to decentralise operations by forming nine business divisions ('verticals') or 'virtual' independent companies (ICs).

·      The Mahindra Group has bought a minority stake in the London-based The East India Company for an undisclosed amount.

·      Hero Honda has executed a final binding licencing agreement with Honda Motor Co, paving the way to access technology from the Japanese firm for existing and future products till 2014.

·      IDFC plans to raise about Rs55bn through external commercial borrowings by March end this year.

·      Oil Ministry is expected to give "in-principle" approval for Vedanta Resources' US$9.6bn acquisition of Cairn India, subject to acceptance of 11 conditions.

·      Gayatri Projects has secured two orders worth Rs0.9bn from Bihar and Orissa.

·      Supreme Infrastructure has bagged Rs11.5bn order from the National Highways Authority of India for four-laning an 84-km stretch on the Panvel-Indapur section of NH-17.

·      LIC Housing Finance Asset Management Company, a unit of LIC Housing Finance, is planning a Rs7.5bn real estate fund.