Buzzing Stocks · 4 April 2011: Keynote

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Buzzing Stocks

·      United Spirits buys 41.54% stake in Sovereign Distilleries

·      Supreme Court orders Glaxo India to pay Rs 71.2 cr for overpricing of the drugs scheduled under Drug price control order

·      Siemens wins 2 contracts worth Rs 747 cr in consortium with Siemens AG, Germany

·      Wipro to buy global oil & gas tech info arm of SAIC for $150mn. It will add 1,450 Staff through SAIC Deal. The acquisition will strengthen the company’s energy business operations.

·      Hindalco raised Rs78.8bn in debt for a Greenfield aluminium smelter plant at Mahan, Madhya Pradesh.

·      Swiss company Rieter decides to exit its JV with Lakshmi Machine Works by selling its 50% stake to the latter.

·      ONGC won’t pay royalty to Cairn unless it’s cost recoverable.

·      Government to consider Cairn stake sale onWednesday.

Zuari Industries is looking to set up a phosphoric acid plant abroad as well as scouting for rock phosphate mines in North Africa and Australia.