Reliance Industries, Hindalco Industries, GMR Infrastructure may see action

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INDIA VICTIM OF TERRORISM FROM ACROSS BORDERS FOR THE LAST 25 YEARS
EDUCATION, HEALTH CARE SECTOR NEED MORE REFORMS
FDI INFLOWS OVER $120 BN SINCE 2001-02
GROWTH ESTIMATED AT 6.5% THIS FISCAL, TO WIND DOWN FISCAL STIMULUS NEXT YR
INDIA'S ECONOMY NOW MORE OPEN TO TRADE AND INVESTMENT
ECONOMY TO GROW ESTIMATED 6.5% THIS FISCAL
INDIA TO WIND DOWN FISCAL STIMULUS NEXT YEAR
TO LAUNCH A 3 SCREEN MULTIPLEX IN KANPUR
OCT STEEL SALES UP 38% AT 4.62 LAKH TONNES VS 3.35 LAKH TONNES (YOY)
OCTOBER CRUDE STEEL PRODUCTION UP 22% AT 599,000 TONS (YOY)
OCTOBER SAW THE BEST EVER PRODUCTION IN MOST UNITS
SMS BOS < space > stock query at 56388
CRUDE FALLS 2.6% TO $77.43 BBL
COPPER DOWN TO $6490/TON ON WEAK DEMAND AND US UNEMPLOYMENT DATA
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Stock updates: SMS STO followed by scrip name to 56388
For Kingfisher Airlines flight updates sms KING to 56388
CO TO LAUNCH ITS 3 SCREENS MULTIPLEX IN KANPUR
DOW JONES UP 0.17%; NASDAQ UP 0.34%; S &P 500 UP 0.25%
RCOM LOSES 0.1%, SHEDS 23.5 LAKH SHARES IN OPEN INTEREST
IDEA LOSES 5.2%, ADDS 30.6 LAKH SHARES IN OPEN INTEREST
ASHOK LEYLAND GAINS 4.9%, ADDS 32.4 LAKH SHARES IN OPEN INTEREST
NIFTY CLOSES JUST BELOW 4800 AFTER A GAP UP OPENING
STRONG AT $1095/OZ AS SAFETY MEASURE POST RISE IN U.S UNEMPLOYMENT DATA
U.S UNEMPLOYMENT DATA AT 26 YEAR HIGH;CRUDE FALLS 2.6% TO $77.43 BBL
SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388

Updated: 01/07/2009 | 12:00 AM IST

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Wednesday, July 01, 2009 (New Delhi)

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Reliance Industries reportedly said yesterday, 30 June 2009, it could not sign a gas supply agreement with former group firm Reliance Natural Resources as there was no clarity on government approval for the terms. Reliance Industries said in a court case concerning the agreement that it wanted the terms such as price, quantity and tenure to be subject to government approval.

Net profit of Hindalco Industries declined 22.04% to Rs 2230.27 crore in the year ended March 2009 as against Rs 2860.94 crore during the previous year ended March 2008. Sales declined 4.53% to Rs 18052.97 crore in the year ended March 2009 as against Rs 18909.08 crore during the previous year ended March 2008.

GMR Infrastructure will reportedly need to raise money for new projects in nine months, after it cancelled its fund-raising plan via qualified institutional placement. The company will need funds for two road projects it is working on as well as any new project it may bid for. Selling stake in subsidiaries through private equity is one such alternative, the reports added.

United Spirits has reportedly received three term sheets from private equity giants Blackstone, Kohlberg Kravis Roberts & Co and Capital International for buying a stake worth $250-$300 million in the company.

Patni Computer and Mphasis are reportedly among the potential bidders for the Indian software unit of the troubled insurance giant, AIG.

Reliance Power is reportedly in preliminary talks with five global power companies, including China Light and Power Holdings, to sell a 15% equity stake in the company.

Pantaloon Retail India has reportedly decided to end its joint ventures with Planet Retail Holdings and Blue Foods.

Mothercare, the UK-based retailer for kids and mothers-to-be, may reportedly soon end its exclusive franchise agreement with Shoppers Stop to sell products in India. The UK retailer is scouting for another local partner and is in talks with Trent, a Tata group company.

Hindustan Construction Company has closed its qualified institutional placement issue and will issue the shares at Rs 102.15 each. The issue, whish was declared closed yesterday, 30 June 2009, has raised Rs 480 crore.

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