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:
- Financial Technologies in focus: NSEL’s third payout day today
- Bharti Airtel revises some post paid mobile rates effective September 8: PTI
- Hexaware Technologies open offer to begin on October 18, end on October 31
- SAIL August steel product sales at 1.09 mt versus 0.93 mt (YoY)
- RBI says: FIIs share purchase limit in Tech Mahindra raised to 35%
- Coromandel Engineering to mull rights share issue on September 5
- Religare Enterprises to acquire Macquarie stake in wealth management JV
- Telecom minister Kapil Sibal's meeting with telecom companies' leaders deferred till September 11: PTI
- BIFR approves merger of Bharat Heavy Plate & Vessels with BHEL
- Diamond Power bags order worth USD 30.48 million
- Bank of India sells 5.25 lakh shares of MCX at Rs 393/share
- NTPC set to aggressively bid for Rs 40000 crore worth of UMPPs in Orissa and Tamil Nadu: ToI
- 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)
- Mahindra Lifespace plans to raise about Rs. 400 crore funds by issue of shares to institutional investors (QIP Route): ET
- ACC to invest Rs 600 crore for setting up a 15 lakh tonne factory at Kharagpur: ET
- 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
- Supreme Court to hear GAIL Plea against Gujarat Petronet today (GAIL had filed petition seeking termination of gas sale agreement with GSPCL)
- 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