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Thursday, 15 November 2012

Market Watch

NMDC:

The government is likely to divest 10% stake by mid-December to raise about 75 bln rupees.The government currently holds 90% stake in the mining company
BHARTI AIRTEL LTD:

 Africa subscribers will receive free incoming calls while on roaming on its South Asia network, benefiting around 60 mln users in Africa
DB CORP LTD:
Two promoters of sold a total of 11.93 mln shares through offer for sale
KINGFISHER AIRLINES:CEO wrote to the Director General of Civil Aviation to inform that it was working on a revival plan
SINTEX INDUSTRIES :Plans to raise up to $150 million (over Rs 820 crore) through issue of convertible bonds from overseas markets
RELIANCE INDUSTRIES:
 
 The Directorate General of Hydrocarbons (DGH) has given nod to Reliance Industries to drill a well as part of the $1.529 billion plan to develop four satellite gas fields around the now flagging main fields in the eastern offshore KG-D6 block
DLF: plans to offload Aman Hotel, identified among the group’s non-core assets, in the next few weeks.Tto make disinvestments worth Rs 5,000 crore this financial year
TATA CONSULTANCY SERVICES LTD:
 
will collaborate with New York Stock Exchange-listed SAP AG to develop a new version of the SAP Retail Execution mobile application
JM FINANCIAL: Brickwork Ratings assigns 'BWR A-' Rating to the Bank Credit Facilities of Rs. 50 Crores of JM Financial Asset Reconstruction Co.
Tata Coffee
 
 stock up around 10 pct to 1,492 rupees; the shares have gained around 40 pct so far this month

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