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Thursday, June 18, 2009

Stocks In News Today

ITI, Cairn, M&M, BHEL, BPCL, Ranbaxy

-Aircel, Huawei close to signing $400 million outsourcing deal
-Deal for managed services across Andhra Pradesh, TamilNadu, Kerala and Karnataka for 3 years
-Aircel, Huawei refuse to comment
-Alert: Aircel is 74:26 JV of Maxis Communications and Apollo Hospital

ITI - Exclusive: Sources
-Huawei 'seriously evaluating' bidding for ITI's 3 manufacturing units
-Alert: ITI's 3 plants in Bangalore, Rae Bareli and Nainital; currently loss-making

M&M (Mahindra and Mahindra): Exclusive
-MDS-BAE Systems: in talks to launch Bradley Range of armoured fighting vehicles
-Alert: MDS stands for Mahindra Defence Services
-M&M may assemble Bradley Vehicles in India for BAE Systems

BHEL - Mint Exclusive:
-BHEL to partner with private firms for Hydro-power Project
-BHEL in talks with Patel Engineering for a partnership

RBI sources:
-Banks can hedge G-Securities, loans in Interest Rate Futures Market
-Banks permitted to take trading positions in Interest Rate Futures
-RBI, Govt still debating on extent of G-Securities short selling

Forbes Exclusive: Cairn India
-To start test runs at its Mangala field next week: Srcs
-To go into international arbitration over cess after production starts: Srcs
-To start full production at Mangala field by July 10: Srcs
-Officials to meet Rajasthan CM next week to sort out VAT issue: Srcs


source: MC

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