Patni Computer Systems, Mahindra and Mahindra may see action

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
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%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
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)

Updated: 06/11/2009 | 12:00 AM IST

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Friday, November 06, 2009 (New Delhi)

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Promoters of Patni Computer Systems are reportedly studying offers from various companies. A clear decision on bids from various contenders for the promoter holdings was expected by January 2010. The three Patni brothers hold equal stakes totalling 48.3% in the software exporter. Private equity company General Atlantic holds 18%, while the rest is public.

Mahindra and Mahindra (M&M) reportedly plans to launch a motorcycle next year. The company is also looking at acquisitions in the electronic scooter space. The auto major had entered the two-wheeler market market by acquiring the assets of Pune-based scooter manufacturer Kinetic Motor in 2008.

Morgan Stanley, the sole book-running lead manager to the Indiabulls Power's recent IPO, has reportedly acquired 21 lakh shares for Rs 7.2 crore, as the shares continue to trade below issue price.

Steel maker Ispat Industries reportedly plans to invest Rs 1700 crore to set up a coke oven plant and an iron ore pellet project.

The board of GVK Power and Infrastructure has approved acquiring 4.06 crore shares, or 12% paid up equity share capital of Bangalore International Airport (BIAL) at Rs 484 crore from Flughafen Zuerich AG through GVK Airport Developers.

Axis Bank has dropped its home loan rates to 8% for the first year. Special home loan scheme available till 10 December 2009.

Bank of Rajasthan (BoR), one of the private sector banks has reduced interest rates on home loan under 'Apna Ghar Scheme' with effect from 9 November 2009.

The world's largest chip maker, Intel, is reportedly preparing to bid for technology joint venture partnership with ailing state-run telecom equipment maker, ITI, including Worldwide Interoperability for Microwave Access (WiMAX). Huawei, Alcatel-Lucent, Samsung and Hitachi are also reported to have shown interest.

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