RIL, RCom, Tata Power may see action

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MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 15/10/2009 | 12:00 AM IST

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Thursday, October 15, 2009 (New Delhi)

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Reports citing Maurice Bannayan, senior vice-president at Reliance Industries (RIL) indicated that RIL may reportedly buy a refinery or a chemicals unit before the end of the year in the US or Europe. The targets for RIL could be assets of Italy's Eni, US's Valero Energy Corporation and Sunoco, Royal Dutch Shell's Stanlow, Harburg and Heide refineries , the Grangemouth refinery operated by British chemicals maker Ineos, and Swissbased Petroplus's UK refinery, reports added.

India's second largest mobile phone company by subscribers, may continue to be in limelight on reports the stock market regulator Securities and Exchange Board of India (Sebi) has shown interest in reviewing the findings of a government-appointed audit firm that pointed to a series of alleged accounting irregularities by Reliance Communications (RCom). RCom's shares fell 6.54% to Rs 231.60 on Wednesday on the Bombay Stock Exchange.

The audit firm, Jaipur-based Parakh and Company, submitted the report to DoT last week. The report alleged RCom had under-reported revenue to save on licence fees and inflated numbers to the stock exchanges. The report said the company had sought to avoid paying nearly Rs 316 crore to the national exchequer—Rs 258.46 crore in licence fees and Rs 57 crore in spectrum usage fees—in 2006-07 and 2007-08.

GVK Power & Infrastructure board of directors, at its meeting held on 14 October 2009, approved a proposal to raise up to Rs 1,800 crore through the issue of securities in one or more tranches. The company made this announcement after market hours on 14 October 2009.

Tata Power is reportedly looking at options to raise about $200 million to $250 million to finance expansion plans, including a new power plant and developing infrastructure for retail customers in Mumbai.

Aditya Birla Nuvo is close to finalizing details of a plan to spin-off its financial services business, reports indicated. The restructuring will be implemented in three phases.

Bajaj Auto, Jaiprakash Hydropower, Jindal Saw, Balaji Telefilms, Alembic, CMC, KPIT Cummins, Merck, Reliance Industrial Infrastructure, and Supreme Industries among others will unveil their September 2009 quarterly results today, 15 October 2009.

The following results for the quarter ended September 2009 were announced after market hours on Wednesday, 14 October 2009. Net profit of Sonata Software rose 8.83% to Rs 14.67 crore in the quarter ended September 2009 as against Rs 13.48 crore during the previous quarter ended September 2008. Sales declined 7.73% to Rs 59.95 crore in the quarter ended September 2009 as against Rs 64.97 crore during the previous quarter ended September 2008.

Net profit of Rallis India rose 9.91% to Rs 45.71 crore in the quarter ended September 2009 as against Rs 41.59 crore during the previous quarter ended September 2008. Sales rose 13.22% to Rs 316.64 crore in the quarter ended September 2009 as against Rs 279.68 crore during the previous quarter ended September 2008.

Net profit of Container Corporation Of India declined 8.64% to Rs 204.35 crore in the quarter ended September 2009 as against Rs 223.68 crore during the previous quarter ended September 2008. Sales rose 6.16% to Rs 959.90 crore in the quarter ended September 2009 as against Rs 904.22 crore during the previous quarter ended September 2008.

Net profit of Nilkamal rose 181.76% to Rs 13.13 crore in the quarter ended September 2009 as against Rs 4.66 crore during the previous quarter ended September 2008. Sales rose 11.10% to Rs 245.77 crore in the quarter ended September 2009 as against Rs 221.21 crore during the previous quarter ended September 2008.

Net profit of Parsvnath Developers rose 150.00% to Rs 57.15 crore in the quarter ended September 2009 as against Rs 22.86 crore during the previous quarter ended September 2008. Sales declined 30.85% to Rs 147.58 crore in the quarter ended September 2009 as against Rs 213.41 crore during the previous quarter ended September 2008.

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