Buzzing Stocks- Keynote Capitals (March-28-'11)

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Buzzing Stocks

·      Reliance Industries announced that it has agreed to establish a joint venture with New York-based D.E. Shaw group to build financial services business in India.

·      SBI is likely raise close to US$1bn through medium-term notes in the next financial year.

·      Neyveli Lignite will provide e-contract facility for securing new projects by the end of the year.

·      CBDT notice slapped on Mahindra Satyam to pay `6.2bn in tax arrears for the scam period of 2002-2008.

·      Jyothy Laboratories recently signed a term sheet with IL&FS to give it a 26% stake in its privately held laundry services business for `1bn.

·      Suzlon to make REpower turbines at Mangalore plant.

·      Tata Steel has transferred the ownership of the assets of its Teesside plant in UK to Sahaviriya Steel Industries.

·      ONGC lost a bid to buy Exxon Mobil’s 25% stake in an Angolan oil field.

·      Steel Ministry asks MOIL to hike ore capacity.