Stocks in news: BPCL, Glenmark, Havells India, Anant Raj

Arihant Foundations to list today

Board meetings:

BPCL and Glenmark on interim dividend
Hazoor Media results
Havells India on QIP/FCCB/ADR/GDR issue

Hutch update:
3 bids and 1 new expression of Int have come for Hutch Essar: Srcs
Bids are said to be from RCL, Vodafone and Maxis: Srcs
Expression of interest is said to be from Qatar Telecom: Srcs
Bids are said to have come in at USD 16-18 billion valuation: Srcs
Sources close to potential bidders deny that bids have been made
Vodafone sources:
Looking at Hutch-Essar acquisition in cash: Vodafone Sources
Have cash in hand, other options available: Vodafone Sources
No need to issue any fresh shares to fund transaction: Vodafone sources
No decision yet on Bharti exit/dilution: Vodafone Sources
Sunil Mittal:
Vodafone has informed us of interest in Hutch-Essar: Sunil Mittal
Bharti awaiting further developments: Sunil Mittal
Yes Bank ups PLR by 50 bps to 13%
PNB may raise corporate lending rates, term deposit rates by 25-75 bps – ET
OBC hikes PLR by 25 bps to 11.75%
BoI raises deposit rates by 25-50 bps across maturities – ET
ONGC strikes oil in Assam – ET Sat (Different from the last 2 gas find)
Actis initiates talks to offload its stake in Punjab Tractors, Durbans likley contenders – BL
NSE bars fresh F&O positions in Parsvnath as 95% of marketwide limit reached (NDTV already in curb)
FIIs can now buy further shares of Anant Raj Industries as holding falls below 24% caution limit
S Kumars board meet on December 30 to consider:
Issue of shares / convertible debentures to promoters via private placement
Demerger of retailing business
NTPC:
Forms JV co Aravali Power
Haryana Power Generation to hold 25% in JV
Indraprastha Power Generation to hold 25%
NTPC owns balance 50%
JV to set up 1500 mw coal based power plant Haryana
RBI approves 26% FDI, 23% FII investment in stock exchanges, depositories
IOC to pay 60% interim dividend for FY07
Reliance to begin oil production from D6 by early 2008: PTI
ONGC wins stake in Libyan block: BL Tues
ONGC Videsh to hold 28% in 1 well, Exxon Mobil 22.3% in 4 wells and Inpex 12.9% in 3 wells: BL Tues
BHEL in talks with US, European nuclear cos, may form JV; invest Rs 500 crore (Rs 5 billon) to expand facilities: BL Tues
Infosys in talks with 10 global banks for Finacle: BL Tuesday
NTPC to get 74% equity in railways captive power unit: DNA Tuesday
Advance Tax: DLF pays Rs 132 crore (Rs 1.32 billion), Parsvnath pays Rs 51 crore (Rs 510 million)
ITC to invest Rs 1540 crore (Rs 15.40 billion) into paper business: DNA Tuesday
Indian Bank’s Rs 800-900 crore IPO to hit the market in January
Some PSU banks considering revoking loans already sanctioned to real estate cos – BS
Railway ministry finalises modalities for opening container traffic to private players – BS
Indo-Asian Fusegear eyeing US acquisition in the range of Rs 100-150 crore – BS
Government moves cabinet note seeking exempting FII investment in real estate IPOs from FDI norms – ET
Government may unwrap uniform excise duty on textiles at 4% - ET
Bilpower close to acquiring power transformer co for Rs 150 crore – DNA
Pioneer Embroideries to enter lingerie segment in first quarter of next year – BL
Kale Consultants bags Portugal airline deal – BL