NEWS SHOTS FOR ASSOCIATES: • U.S. stocks declined, following the biggest two-day gain for the Standard & Poor’s 500 Index since January, as investors weighed S&P’s move to boost its outlook for America and Chinese data missed estimates. • Asian stocks swung between gains and losses after the regional equity benchmark index rose the most in three weeks yesterday. SoftBank Corp. gained after Sprint Nextel Corp.’s board approved an increased takeover offer from the Japanese mobile carrier. China market are closed today • Bank of Japan keeps monetary policy unchanged and refrains from expanding J-REIT, ETF purchases • Market is expected to open on lower note and likely to remain under pressure during the day. • VA Tech Wabag Announces Order Intake worth Rs. 115 Crore from Chennai Metropolitan Water Supply and Sewage Board • Pennar Industries Ltd has approved Buy back for an amount not exceeding Rs. 10 Crores subject to a price not exceeding Rs. 40/- per equity share • L&T Construction Secures Rs. 6700 Cr Western Dedicated Freight Corridor Project • The Reserve Bank imposed a fine of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on ICICI Bank for violation of KYC norms and anti-money laundering guidelines after inquiring into charges levelled by a online portal Cobrapost. • Elder Pharma Ltd has been put on the block as it grapples with mounting debts and rising competition in the pharmaceutical industry. • ONGC has retracted from its earlier statement that ONGC Videsh and Oil India had signed a definitive agreement with Videocon to buy 10% stake in a Mozambique gas field for $2.47 billion. • Six companies including Reliance Industries Ltd have evinced interest in acquiring 31% in Haldia Petrochemical Ltd (HPL), portion of the stake that the West Bengal government holds. • YES Bank to raise $500 million this year mari.co.in
Posted on: Tue, 11 Jun 2013 08:20:37 +0000