STOCKS ALERT (18.07.2012) * AHLUWALIA CONTRACTS (INDIA): The Employees' Provident Fund office has sent the company a demand notice of 545.7 mln rupees for dues for the September 2007 to March 2009 period.
* ANSAL HOUSING & CONSTRUCTION: Fitch Ratings has revised upward the company's rating to 'stable'. * AUROBINDO PHARMA: Has decided to refocus on manufacturing of active pharmaceutical ingredients to improve margins. * BLUE STAR: HDFC Standard Life Insurance Co has sold nearly its entire stake of 3.33% in the company. * COAL INDIA: The company's board will meet on Jul 31 to discuss the modifications in the fuel-supply agreements proposed by the Prime Minister's Office. * DELTA MAGNETS: Has allotted 1.21 mln shares on preferential basis to SSI Trading. * ECE INDUSTRIES: To cut staff by 40% with immediate effect due to lower sales of transformers by the company. * EDUCOMP SOLUTIONS: Has allotted 2.58 mln shares to AP Eduvision. * EMAMI: Sees rural markets' contribution to total sales rising to more than 35% in the next three years from 23% currently. * GARWARE POLYESTER: The company's minority shareholders will soon move the Company Law Board alleging flaws in corporate governance at the firm. * GRASIM INDUSTRIES: Is planning to ramp up its viscose staple fibre and cement capacities through setting up of plants, and acquisitions. * GTL INFRASTRUCTURE: The company's promoters have infused 9.3 bln rupees in subsidiary Chennai Network Infrastructure. * HINDALCO INDUSTRIES: Arm Novelis will exit its joint venture with Alcoa in North America for procurement of used beverage cans, and will set up its own company for the purpos. * IRIS MEDIAWORKS: To set up a wholly-owned subsidiary in the US . * INFOSYS: The company came close to buying Belgian payment solution firm Clear2Pay for around 27 bln rupees in June but opted out at the last minute on valuation disagreements. The Thiruvanathapuram city corporation has threatened to initiate attachment procedure against the company after its officials refused to pay tax dues for two of its buildings on the outskirts of the state capital. * JAYANT MERCANTILE CO: Will be issuing 39 mln shares on preferential basis at 3.05 rupees each. * JINDAL STEEL & POWER: Has scrapped its $2.1-bln investment plan to set up mining and steel projects in Bolivia . Is close to buying controlling stake in Canadian coal miner CIC Energy for around 10 bln rupees. This will give the Indian steel-maker control over potential thermal coal reserves of 2.4 bln tn. * KAMDHENU ISPAT: Plans to shortly venture into roofing sheets business through franchisee model. * KINGFISHER AIRLINES: LKP FINANCE has sold 2.22% stake in the airline via open market during Jul 12-13. * MADHUCON PROJECTS: Has started commercial operations at the second 150-MW unit of its thermal power plant in Andhra Pradesh. * MAGNUM: Pavaki Vanijya has made an open offer to buy 1.13 mln shares at 6 rupees each. * NTPC: May raise its coal imports to 16 mln tn this financial year from 12 mln tn last year. * RELIANCE INDUSTRIES: The oil ministry has asked the company to give the Comptroller and Auditor General access to all records and accounts of KG-D6 block to get approvals for development and capital expenditure plans for the block. The company's arm Infotel Broadband is likely to bid aggressively in the upcoming 2G spectrum auction. * STATE BANK OF INDIA : Plans to discontinue the practice of appointing individual business facilitators. The bank currently has close to 10,000 individual business facilitators countrywide. * STURDY INDUSTRIES: Has won two orders worth 1.34 bln rupees for supply of aluminium conductors. * TATA CONSULTANCY SERVICES: Moody's Investors Service says the proposed US Jobs Act would not affect the company in the short term. * TATA POWER CO: The company may halt hydropower generation in Maharashtra if monsoon rains remain weak. * TRIVENI TURBINE: The company's net profit in Apr-Jun declined to 174.1 mln rupees from 212.9 mln rupees a year ago. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
