Buzzing Stocks · 24 June 2011: Keynote,

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Buzzing Stocks

·      CBI to investigate investments made by the UB group and India Cements in Kalaignar TV.

·      Andhra HC stays govt order on land for Nagarjuna Construction could deal a blow to the company that proposed a 2640mw power plant costing `12000Cr.

·      BEML has signed MoU with Italian aerospace major Alenia Aeronautica to design, manufacture and sell a basic trainer aircraft.

·      Talwalkars Better Value Fitness has forayed into franchises business. The company has decided has opened its first gym in Pune on franchisee basis, under the brand name 'Hi-Fi'.

·      MMRDA penalizes Jet Airways with a levy of 18% pa failing to pay `826Cr for the BKC plot.

·      SpiceJet seeks RBI approval to raise `1212Cr from Canada’s export finance agency export development for financing fleet expansion.

·      Honda Motorcycle & Scooter India, a subsidiary of Honda Motor co to invest `1400Cr to ramp up its manufacturing capacity.

·      Hero Investments revokes 17.33% stake in Hero Honda without disclosing the value.