Top Stocks in News Today on 03 September 2013


                                                                                                         Kingfisher Airlines (KFA):                                                                                                                        Agencies



In talks with 1 investor for restart of operations

Seeks USD 234 million damages from engine supplier IAE

KFA says IAE supplied defective engines to company



M&M August

Domestic tractor sales at 13,543 versus 17,771 units (MoM)

Tractor exports at 615 units versus 698 units (MoM)

Total tractor sales at 14,158 units versus 18,469 units (MoM)

M&M arm Sangyong Sales at 11,610 units in August, up 27.1 % (YoY)


Escorts August auto sales

Total tractor sales at 3,911 units versus 6,790 units (MoM)

Domestic tractor sales at 3,823 units versus 6,743 units (MoM)


SBI 

Ups stake in Bank State Bank of India, Indonesia (BSBII) to 99 %

Buys 23 % stake in BSBII from PT Ravindo Jaya


CBI opposes Shahid Balwa's plea in 2G spectrum case: PTI

Alert: Shahid Balwa sought exemption from personal appearance


Radico Khaitan 

Has begun preliminary talks to sell a minority stake to Japan’s oldest liquor co Suntory Holdings: ET

The Japanese spirits major is expected to pay close to Rs 870 crore for 26 % stake

Alert: Current market capitalisation of Rs 1600 crore; deal buzz values the company close to Rs 3500 crore


Other stocks and sectors that are in news today:



  1. Financial Technologies in focus: NSEL’s third payout day today
  2. Bharti Airtel revises some post paid mobile rates effective September 8: PTI
  3. Hexaware Technologies  open offer to begin on October 18, end on October 31
  4. SAIL August steel product sales at 1.09 mt versus 0.93 mt (YoY)
  5. RBI says: FIIs share purchase limit in Tech Mahindra raised to 35%
  6. Coromandel Engineering to mull rights share issue on September 5
  7. Religare Enterprises to acquire Macquarie stake in wealth management JV
  8. Telecom minister Kapil Sibal's meeting with telecom companies' leaders deferred till September 11: PTI
  9. BIFR approves merger of Bharat Heavy Plate & Vessels with BHEL
  10. Diamond Power bags order worth USD 30.48 million
  11. Bank of India sells 5.25 lakh shares of MCX at Rs 393/share
  12. NTPC set to aggressively bid for Rs 40000 crore worth of UMPPs in Orissa and Tamil Nadu: ToI
  13. DLF's subsidiary DLF Brands has ended its agreement to sell Italian company Alcott’s collection: ET (Brand said to be not performing too well in India)
  14. Mahindra Lifespace plans to raise about Rs. 400 crore funds by issue of shares to institutional investors (QIP Route): ET
  15. ACC  to invest Rs 600 crore for setting up a 15 lakh tonne factory at Kharagpur: ET
  16. ONGC  / Essar Oil   Both shortlisted to bid for development of Iraq’s USD 4.4billion Nassiriya oil field and the construction of a new 3,00,000 barrels per day refinery: ET
  17. Supreme Court to hear GAIL Plea against Gujarat Petronet today (GAIL had filed petition seeking termination of gas sale agreement with GSPCL)
  18. Zensar Technologies has appointed an investment banker in New York to scout for acquisition between USD 25 million and USD 75 million in US: BS


Wockhardt Chairman Habil Khorakiwala

Issues at Waluj plant an inexcusable lapse

Have taken corrective and preemptive measures

Appointed senior professional as head of quality

Advisors & consultants to help adhering to good manufacturing practise (GMP) practices

Initiated internal and external compliances training program

Responded to US FDA's form 483 on Chikalthana plant

Seeking meeting with USFDA and MHRA to discuss progress

Drugs Controller General of India (DCGI) inspected Chikalthana plant, did not find any issues

Revisiting plan to shift production from Waluj to Chikalthana

Shifting new production filings from Waluj to Shendra

Expecting USFDA inspections of Shendra in October 2013

Laid quality compliance measures at Waluj

To expand new quality systems across all plants

Replaced company's head of quality, now reports directly to MD