News:
Ø Leading two-wheeler manufacturers, Bajaj Auto and TVS Motor Company have hiked prices of their vehicles by up to Rs 800, mainly to offset the impact of rising freight charges.
Ø Ranbaxy Laboratories and its Japanese parent Daiichi Sankyo announced synergies in Brazil to expand their business in the Latin American nation.
Ø Tata Teleservices said it will surrender telecom spectrum beyond 2.5 mega-hertz in all circles barring Delhi and Mumbai in "protest" against government move to charge one-time fee for airwaves beyond this threshold.
Ø IL&FS Engineering and Construction said that it has received letter of intent (LoI) for construction of a Rs.77.5 Crs commercial complex in Gurgaon from Unitech Ltd.
Ø The stake sale deal of Jet Airways and Abu Dhabi-based Etihad Airways could be finalised in a month.
Ø GMR airports to go public, plans to raise Rs 2000 Crs, to facilitate PE exit.
Ø Tata Power and Reliance Infrastructure renewed their verbal duel even as a case on the levy of cross-subsidy surcharge on Mumbai suburban consumers is yet to be heard in the Supreme Court.
Ø The Securities Appellate Tribunal (SAT) granted relief to the board of directors of Zenith Infotech from furnishing bank guarantees worth $33.93 million (around Rs 184 Crs) till the next hearing, slated for May 7.
Ø DCHL is in the process of demerging its printing and publication, retail and sporting activities into a separate entity called "Land Interactive Media" registered in Delhi.
Ø Cabinet & CCEA to meet today, to consider HMT revival plan; proposal to infuse Rs.1083 Crs into HMT.
Ø The government is likely to announce a host of incentives for sectors like engineering and textiles to boost shipments amid global demand slowdown. Commerce and Industry Minister may extend interest subsidy scheme and provide incentives for incremental exports and SEZs.
Ø Puravankara Projects is wooing shareholders with a handsome 70% dividend ahead of its share sale through an institutional placement programme (IPP) next month.
Key events for the day:
Ø Board Meeting for Q4FY13 results of: CRISIL, Essar Ports, IndusInd Bank, MRF, VST Industries, Wendt India.
Ø Release of Retail Sales in UK.
Ø Release of Unemployment Claims in US.
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