News:
Ø Ranbaxy has pleaded guilty to felony charges related to drug safety and will pay $500 m (about Rs.2740 Crs) in settlement.
Ø Tata Steel has announced a $1.6-billion goodwill impairment charge for the loss of value of Tata Steel Europe (TSE), formerly Corus, and other overseas assets.
Ø Bharti Airtel and Loop Mobile have moved the Delhi High Court seeking extension of their licences in metro areas
Ø Cairn India plans to drill 48 wells at a cost of less than $100 million in the Mangala oilfield in the prolific Rajasthan block to extend the current production plateau
Ø ONGC and energy major Shell are exploring the possibility of a strategic tie-up to jointly bid for global oil and gas assets,
Ø Bank of India has planned a Qualified Institutional Placement offer in the second half (October-March) of this financial year, to raise equity capital for its growth. It has estimated a capital requirement of about Rs 6,000 Crs.
Ø Syndicate Bank has set an ambitious target of 25 per cent growth in the overall business for 2013-14 as compared with 18.1 per cent growth it had achieved in the last financial year.
Ø Reliance Communications expects its CDMA technology-based mobile business to stop bleeding and start contributing to company's growth within 12 to 18 months.
Ø Directorate General of Central Excise Intelligence (DGCEI) has issued a show-cause-cum-demand notices to Vijay Mallya-owned firms United Breweries and United Spirits Ltd, for allegedly evading service tax of Rs 91 Crs.
Ø Punj Lloyd has bagged ONGC's Rs 730 Crs B-127 cluster pipeline project in Mumbai.
Ø Vakrangee Holdings Private Limited bought 25,25,000 shares of Vakrangee Software at Rs.74.25/share.
Ø Shriram EPC Limited has received Rs.126 Crs order from the Chennai Metropolitan Water Supply and Sewerage Board.
Ø Petronet LNG Ltd has invited bids to build facilities at its proposed 5 million tonnes LNG terminal at Gangavaram in Andhra Pradesh.
Key events for the day:
Ø Board Meeting for Q4 Results: DRL, Novartis India, Muthoot Finance, Pfizer, Reliance Infra, United Bank, Sun Pharma ADV, Bartronics, DCW, Dwarikesh Sugar, Elder Health, Elder Pharma, HT Media, Jindal Hotel, JSL Inds, Maharashtra Scooters, Mirc Elec, Munjal Auto, Plethico Pharma, Suven Life, Whirlpool
Ø Release of WPI Inflation data in India.
Ø Release of Industrial Production data in Euro Zone.
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