News:
Ø Jet Airways has agreed to sell a 24% stake to Abu Dhabi based Etihad for $369 million (Rs. 2061 Crs), valuing the Indian company at Rs.8545 Crs, a 72% premium to its market capitalisation of Rs. 4954 Crs.
Ø Bharti Airtel will share part of its submarine cable network with Reliance Industries' telecom arm.
Ø India's first plant to purify sea water has run into rough weather with its foreign partner Spain's Befesa Agua suing infrastructure company IVRCL for violating the shareholder pact underpinning their joint venture. Sentimentally Negative for IVRCL
Ø Tata Communications said it has partnered with Mercedes AMG Petronas, to deliver trackside connectivity for the team at all Formula One race locations..
Ø Tech Mahindra has acquired a Sweden-based Type Approval Lab for undisclosed amount.
Ø Union Bank of India will be deploying the $350 million it raised through a bond sale for lending at its international branches.
Ø Denso Corporation has announced acquisition of 51% share in Pricol Components Ltd, a subsidiary of Pricol Ltd to produce instrument clusters for passenger vehicles in India.
Ø Maruti Suzuki India will consider amalgamation of the company's seven wholly-owned subsidiaries with itself at the upcoming board meeting.
Ø Jsw steel plans to bid for iron ore mining blocks in Karnataka that could go up for auction after a Supreme Court order.
Ø Liberalising investment norms for the oil and gas sector, RBI allowed state run ONGC Videsh (OVL) and Oil India (OIL ) to invest in their incorporated overseas entities for exploration and drilling of oil and natural gas
Ø The Bombay HC has ordered Angola-based Sanzi Commercio to stop selling whiskey using the brand name Sonate and pay Rs. 1 lakh fine to Tilaknagar Industries for infringing its trademark and copyright of its Senate brand.
Ø BSE and NSE have identified 39 scrips to be shifted to the restricted trading category with effect from April 29, as a part of a surveillance review.
Key events for the day:
Ø Board Meeting for Q4 Results : Bata India, Biocon, CanfinHome, Cera, Delta Corp, IDBI Bank, Idea Cellular, Jindal Steel, IBREALST, Hind Zinc, Strides Arcolabs, Rallis India, United Phosphorus, Esab, Gillette, L&T Fin, Oil Countub, PGHH & Vesuvius.
Ø Release of EUR Spanish Unemployment Rate.
Ø Release of Prelim GDP in UK.
Ø Release of USD Unemployment Claims.
Thursday 25/04/2013 Best Stocks To Trade, Indian Share Market Updates, Today’s Gainers Losers Just Click On Free Equity Tips Today and Intraday Tips
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