MTNL, Thomas Cook (India), Taneja Aerospace may see action

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SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
NO PLANS TO OFFER HOME LOANS AT 8%: NW
OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
OVER 7% GROWTH ACHIEVABLE IN FY'11
TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
BSE PSU INDEX UP 4.77%, REALTY UP 4.4%, METAL INDEX UP 4%
INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
GETS U.S. FDA NOD FOR GENERIC ACULAR
TO RAISE UPTO $300 MN VIA FCCBS
EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA

Updated: 31/12/2008 | 12:00 AM IST

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Wednesday, December 31, 2008 (New Delhi)

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Mahanagar Telephone Nigam (MTNL), which had emerged as the front-runner to acquire Sri Lankan telecommunications firm Suntel for about $180 million, has reportedly put the acquisition plan on hold.

The rights issue of Thomas Cook (India) is set to open today, 31 December 2008, the company said late on Tuesday (30 December 2008). It proposes to offer 35 shares for every 100 held at Rs 35.50 each, raising nearly Rs 200 crore from the issue. A part of the proceeds will be used to redeem preference shares worth Rs 117 crore and to repay debt worth Rs 70 crore, it said. The issue closes on 14 January 2008.

Citigroup Global Market Mauritius has sold 30 lakh shares, or 12.03% of equity, in Taneja Aerospace & Aviation at Rs 29 each, data on the BSE showed on Tuesday (30 December 2008).

GE Commercial Finance, a unit of General Electric, is all set to hive off its construction equipment finance business into a separate Rs 650 crore - Rs 800 crore joint venture and is reported to be in talks with Infrastructure Development Finance Company (IDFC) and IDBI for a partnership.

Barclays Bank Plc has reportedly dragged cement maker Sanghi Industries to the London Court of International Arbitration for alleged non-payment of Rs 179 crore following losses from derivatives transactions executed between January and April 2008.

Teledata Informatics reportedly plans to sell off its stake in Singapore-based Esys Technologies, which it bought in 2007 for $105 million

The retail sales of drug makers in India reportedly grew by 10.3% till November 2008, at Rs 33769 crore, compared with the corresponding previous 12 months, according to ORG-IMS, which tracks pharmaceutical drugs sales in India.

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