28 Dec 2011:: Morning News : Edelweiss

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Stocks in News

Tata power to buy BP’s 51% stake in Tata BP solar India (ET)

The Indian government will have to refund $120m to cairn India and Ravva oil, the joint venture partners operating an oil and gas block in the KG basin (ET)

SBI –Airtel JV for financial services falls through (BS)

L&T, Mitsubishi to sign tech pact (BS)

Adani power holds 6,500-Mw expansion (BS)

SBI the largest lender in the country announced a whopping 574 basis points (bps) hike in its NRE term deposit rates (DNA)