| Today’s News ! |
| Company News |
| - Daimler sold its 5.34% stake in Tata Motors for nearly €300mn (Rs18.6bn). |
| - FMCG major Marico plans to launch its beauty and wellness chain, Kaya in the Middle East by opening 4-5 clinics in the region in FY11. |
| - The Steel Ministry said it will send the 20% share sale proposal of SAIL to the Cabinet this week. |
| - Aditya Birla Minacs part of the Aditya Birla Group, has acquired the UK-based firm Compass BPO for an undisclosed sum. |
| - Tata Teleservices has acquired 75,000 sq ft built up space for Rs280mn in the newly built IT building named ‘Prince Infocity II’ near Chennai. |
| - The QIP issue of India Cements, launched late on Monday, is said to have a received good response from institutional investors to raise US$75mn. |
| - Garware Offshore Services bagged a contract worth Rs225mn from ONGC. |
| - Binani Cement plans to venture into commercial real estate development in order to cash in on its idle land bank and to reduce dependence on the cyclical nature of the cement business. |
| Global News |
| - US markets gain-Dow up by 11.86 pts to 10564.38, Nasdaq up by 8.47pts to 2340.68 and S&P 500 gained 1.95 pts to 1140.45. |
| - Asian Markets trading up- Japan’s Nikkei is up by 242 points at 8351, Hang Seng is up by 63.23 points at 21,270.78 and Shanghai Composite is up by at 14.50 points at 3,083.64. |
| Information |
| - Videocon Industries board meet today to consider and finalize the price; ratio for issue of equity shares on rights basis. |
| - Anus Lab board meet today to consider the proposal for amalgamation of M/s. Nitya Laboratories. |
