Stocks in news

Here are stocks that are in news today:

Suzlon
-Plans to repay $850 million debt from RE Power, Hansen acquisitions
-Suzlon to hike RE Power stake by 9%
-Axis Bank & SBI to refinance $465 million for Suzlon
-RE Power equity and assets to be given as collateral
-Suzlon promoters to bring in $35 million for re-financing
-Barclays, ICICI Bank to provide $350 million for debt from Hansen acquisition

RNRL Counsel Says:
-RIL was aware that AZB partner was attending case hearings
-AZB & Partners at case hearing also advised RIL on matters
-It was RIL’s duty to disclose AZB link to justice Raveendran
-Justice Raveendran’s inconvenient ques upset RIL

Harish Salve Says
-Ram Jethmalani has hit a new low
-His words should be treated with contempt it deserves
-Lawyers being targeted by Ram a new low
-Case will go on as per schedule
-Will respond if Jethmalani brings up allegations in court
-Another attempt to disrupt proceedings
-Was shocked when justice Raveendran made disclosure

Disinvestment Policy – Sources
-Disinvestment policy framework broadly in place
-All profitable PSUs to be divested eventually
-Around 100 PSUs with positive networth on govt radar
-At least 18-20 PSU IPOs in near term, plus some FPOs

Novelis Concall
-Growth in europe relatively flat
-Q3 will be weak on account of seasonal downturn
-Growth in shipments will return only in Q4 FY10

Kamal Nath Says
-Road programmes will add between 1.5-2% to GDP
-Foresee a huge demand for roads in near future
-Will reduce land acqisition process time considerably
-To give contract for 12,000 km road worth Rs 1 trillion By June

Other stocks that are in news today:
-L&T Infotech in talks to acquire Patni Computer – FE (L&T has completed the due diligence)
-Finance Minister asks RBI to reconsider ADAG proposal to raise funds via ECB – ET (Central bank to consider only after resolution of other cases relating to misuse by other group companies)
-RCF Forays into cement distribution – BL
-Cairn reaches initial agreement to provide crude supplies to RIL from mangala fields, Barmer
-Rei Agro to issue FCCBs upto $112.5 million (earlier said raise $100 million + greenshoe options of $12.5 million)
-Orient Abrasives to set up another 1.5 MW wind turbine project in Jaisalmer, Rajasthan for generation of power
-Gwalior Chemical to buy back via tender offer upto 40.5 lakh shares at Rs 120 upto March 31, 2010.
-HCL Tech and iLumen announce strategic relationship to help HCL Tech business and commercial lending system using iLumen technology
-Merger of Schering-Plough (parent company of Fulford) and Merck becomes effective November 4th
-No circuit filter on BKV Industries, Inter Globe Finance Ltd, Sparc System Ltd

IFB industries
-Net sales at Rs 150 crore versus Rs 123.8 crore
-Net profit at Rs 6.8 crore versus Rs 29.5 crore
** Extraordinary at Nil versus Rs 24.25 crore

Surana Industries
-Net sales at Rs 222.1 crore versus Rs 208.9 crore
-Net profit at Rs 9.34 crore versus Rs 8.1 crore

Cinevistaas
-Net sales at Rs 11.24 crore versus Rs 13.69 crore
-Net loss at Rs 21 lakh versus profit of Rs 1.23 crore