Swastika Investmart Limited

NEWS UPDATES
Tata Steel    
-New Zealand company Steel & Tube Holdings to buy Tata Steel International (Australasia)
-Steel & Tube Holdings to buy Tata Steel International (Australasia) for NZ dollar 27.5 million
-Steel & Tube Holdings to acquire Tata Steel International (Australasia) on April 14

YES Bank
-Bank, Rana Kapoor move division bench of Bombay HC
-Bank, Rana Kapoor appeal against earlier Bombay HC order
-Bombay HC rejected bank’s plea to dismiss Madhu Kapur’s petition
-Diwan Arun Nanda moreover files appeal against Madhu Kapur
-Madhu Kapur challenged appointment of 3 directors, including Diwan Arun Nanda

Oil India
-Raises USD 1 billion via overseas bond sale
-Raises USD 500 million via 5-year bond priced at 222.5 bps over US treasury
-Raises USD 500 million via 10-year bond priced at 272.5 bps over US treasury

Suzlon Energy says
-German arm Senvion SE signs agreement with consortium of banks
-Arm Senvion SE increases financing framework to euro 850 million for 3 years

Bayer Crop/Natco Pharma
Bayer versus Natco Case: Bayer to Bombay High Court
-Natco did not meet preconditions for compulsory license Alert:
-Bayer challenged IPAB order granting compulsory license to Natco
- IPAB granted compulsory license for cancer drug Nexavar
-IPAB is Intellectual Property Appellate Board
-’Reasonable price’ for sale of Nexavar not specified
-Open to few days of free supply in monthly dosages
-Spent billions on research for drugs, need to recover through sales

Alstom India
-Alstom Finance BV requests board to mull selling auxiliary components business to an Indian company
-Alstom India had agreed to sell auxiliary components business to Triton
- Triton is a European investment firm
-Alstom Finance BV says Indian company to be specified by Triton

Kingfisher Airlines says
-Three directors resign from company’s board
-Directors AK Ravi Nedungadi, SR Gupte & MS Kapur resign from board
-SR Gupte is vice–chairman, Kingfisher Airlines
Forward Markets Commission (FMC) not satisfied with MCX’s plan to transfer Financial Technologies (FT) stake to Escrow A/c

Jaihind Projects
-Receives order worth Rs 115 crore from IOC
-Gets order to lay mainline for Paradip-Haldia-Durgapur LPG pipeline project

Ranbaxy Labs to be delisted from bourses
Tata Steel to sell Kiwi unit for Rs 143 crore
Maruti Suzuki likely to recall 1 lakh units of DZire to replace faulty fuel tank part
DLF says latest competition panel fine appears sub-set of ongoing cases –
RIL Supreme Court to hear Reliance Industries gas pricing case today
Dhanlaxmi Bank to allot 5.96 cr preference shares to promoters at Rs 29 a share
Amara Raja appoints SV Raghavendra as CFO effective April 8
Ramco Systems enters partnership with Schneider Electric for cement industry solutions
Gulf Oil says promoter ups stake in company by 4.99 percent to 54.96 percent
NSE to shift 47 scrips to trade-to-trade segment w.e.f. April 15
Atul: Europe subsidiary sells 50 percent stake in JV M Dohmen SA
NCC board to consider & approve right issue today
State Bank of Travancore: Ex-Dividend Rs 2.5/share

[Via : Research4u.co.in ]

Intraday Trading Tips By Swastika