Buzzing Stocks - Keynote Capitals (March-14-'11)

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Buzzing Stocks

·      Aditya Birla Group set to join the race to buy Australian coal mining company Whitehaven coal for $3.2bn.

·      RIL to get a tax leeway on the $7.2bn it would receive as business income from the proposed sale of its 30% interest in 23 oil & gas blocks to BP.

·      GTL Infra admits of evading tax on Rs 500 cr income & has agreed to pay a tax liability of around `150Cr.

·      GAIL to raise `1000Cr through external commercial borrowings (ECB) to fund its expansion plans.

·      Lupin to launch 10 drugs in Japan next fiscal year through its arm Kyowa Pharma to cash in on the Indo-Japan trade pact.

·      BHEL board meet on 15th to consider the report of the consultant regarding formation of a Non-Banking Finance Company.

·      GMR Infrastructure withdraws after being shortlisted to manage & operate Ontario International airport in California.