Stock Alert : 28.10.2011

* BHARTI AIRTEL: The Delhi High Court has rejected the company's plea against the Telecom Disputes Settlement & Appellate Tribunal's order to pay 250 mln rupees fine.
---------------------------------------------------------------------------------------------------------------------------------------------
* CENTURY ENKA: Parvati Tea replaces Jay Shree Tea as a promoter of the company.
---------------------------------------------------------------------------------------------------------------------------------------------
* FUTURE VENTURES: Will subscribe to 2.5 mln zero-percentage optionally- convertible debentures each of Capital Foods Exports Pvt Ltd and Future Consumer Enterprises Ltd.
---------------------------------------------------------------------------------------------------------------------------------------------
* GOKALDAS EXPORTS: Company may get an order from Wal-Mart Stores for 6 mln pieces per year.
---------------------------------------------------------------------------------------------------------------------------------------------
* INFOSYS: Is looking for acquisitions worth up to $700 mln in the pharmaceutical sector.
---------------------------------------------------------------------------------------------------------------------------------------------
* JSW STEEL: Japan 's JFE Steel has shown interest to buy more stake in the company's Salboni project in West Bengal .
---------------------------------------------------------------------------------------------------------------------------------------------
* MIRC ELECTRONICS: Has posted Jul-Sep net loss of 96.1 mln rupees and net sales at 4.24 bln rupees.
---------------------------------------------------------------------------------------------------------------------------------------------
* MMTC LTD: Source says government unlikely to divest its stake in the company this financial year due to volatile equity markets.
---------------------------------------------------------------------------------------------------------------------------------------------
* ORACLE FINANCIAL SERVICES: Reported Jul-Sep net profit of 1.65 bln rupees, down 21.8% on year; revenues rose 6% on year to 6.2 bln rupees.
---------------------------------------------------------------------------------------------------------------------------------------------
* POWER GRID CORP: Has informed the stock exchanges that its board last week approved investments of 10.46 bln rupees for two projects.
---------------------------------------------------------------------------------------------------------------------------------------------
* RAIN COMMODITIES: Has approved buyback at up to 41 rupees per share. To spend up to 350 mln rupees on the share buyback. Has posted Jul-Sep consolidated net profit at 1.17 bln rupees, net sales of 12.95 bln rupees.
---------------------------------------------------------------------------------------------------------------------------------------------
* SESA GOA: Has posted Jul-Sep consolidated net profit at 12.8 mln rupees, way below analysts' estimates of 2.78 bln rupees; net sales at 7.84 bln rupees.
---------------------------------------------------------------------------------------------------------------------------------------------
* TV18 BROADCAST: Will launch 'CNBC-TV18 Prime HD', a high definition, premium business news service, on Oct 26.
---------------------------------------------------------------------------------------------------------------------------------------------
* USHA MARTIN: Thailand arm's operations hit by floods; assets "broadly" insured.
---------------------------------------------------------------------------------------------------------------------------------------------
* WIPRO: To restructure its computer infrastructure management services business by merging the global and domestic functions.
---------------------------------------------------------------------------------------------------------------------------------------------
* YES BANK: Ups savings bank rate by 200 basis points to 6%, Base Rate by 25 bps to 10.50%, and benchmark prime lending rate 25 bps to 19.75%
--------------------------------------------

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.