Tata Steel
-December sales up 73% at 6.63 lakh tonne (YoY)
-Q3 sales increase by 49% YoY
Ratan Tata Says:
-Reports of Tata Buying Fiat’s Sicily units untrue
-Cannot comment on Nano’s future price trend
Polaris update
-Orbitech sells further 0.71% stake in Polaris
-ALERT- Orbitech is arm of Citigroup; Citigroup stake down to 30.4%
Other stocks that are in news today:
-DB Corp to list today; issue price at Rs 212, for retail at Rs 210
-ABG Shipyard gets around 8 million shares in Great Offshore open offer, may end up with 21.5% stake – DNA
-Indian ADRs: MTNL up 10.6%, Tata Comm up 6%, Satyam up 4.8%
-GMR Infra board approves vesting of hotel division of GMR Hyderabad International Airport into its wholly owned subsidiary GMR hotels and Resorts
-Axis Bank launches new scheme; offers home loans at 8.25% fixed rate for first 2 years and floating rate post that
-Idea Cellular MD: Indus Towers’ IPO at least a year away
-FII limit in Maruti reaches trigger limit; FIIs need prior RBI approval for primary/secondary purchases
-RBI approves FII participation in Network18 up to 40% subject to composite limit of 49%
-RIL led Maha SEZ plan put on hold for indefinite period
