Buzzing Stocks- Keynote Capitals (March-1-'11)

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Buzzing Stocks

·      The Government will infuse `9bn as equity capital into two PSU lenders - Andhra Bank and Allahabad Bank as part of its recapitaliszation scheme.

·      The Maharashtra revenue department has slapped a `2.23bn notice to Balaji Telefilms for allegedly violating the tax norms.

·      Punjab National Bank and Bank of Baroda raised fixed deposit rate up to 50bps across select maturities, while HDFC hiked lending rate by 25bps.

·      State-run Oil firms propose to raise petrol prices by upto `4 a litre to offset rising crude oil costs.

·      SRF Ltd received board approval to invest `6.65bn for expansion, including setting up of a packaging film plant in South Africa.