* ALEMBIC PHARMACEUTICALS: Has restarted manufacturing operations at its Panelav manufacturing unit.
* BALLARPUR INDUSTRIES: Has reported Apr-Jun consolidated sales of 12.25 bln rupees, and net profit of 378.7 mln rupees. * CLUTCH AUTO: Plans to sells its Faridabad unit and use the proceeds of the sale to reduce debt. * DEEPAK FERTILISERS & PETROCHEMICALS CORP: The company's planned $350-mln ammonium nitrate manufacturing project in South Australia has been cancelled due to technical and environmental issues. * GATI: May rope in a strategic partner for its shipping division. * ITC: Chairman Y.C. Deveshwar sold shares worth around 470 mln rupees on Aug 23 and 24. * KINGFISHER AIRLINES: The company's operations have been disrupted as a section of its pilots went on strike to protest non-payment of dues. * LANCO INFRATECH: Is in talks with private equity firms Bain Capital and Kohlberg Kravis Roberts to sell stake in its power business. * LARSEN & TOUBRO: Sees 30% growth in orders from the hydrocarbon sector this financial year. The company hopes to get 100-bln-rupee orders from upstream, mid-, and downstream companies, and even fertiliser companies. * MERCATOR: Is looking to expand its shipping fleet and coalmines portfolio. Has received shareholders' approval to raise $50 mln. * MPHASIS: Has reported a year-on-year rise of 7.2% in May-Jul consolidated net profit to 2.09 bln rupees, and a 4.8% increase in net sales to 13.55 bln rupees. * OIL AND NATURAL GAS CORP: Arm ONGC Videsh is in talks to buy shale gas assets in the US and Canada but the company's Iran investments are impeding closure of the deals. * ORCHID CHEMICALS & PHARMACEUTICALS: Will sell its penicillin and penem active pharmaceutical ingredients business and its manufacturing unit in Aurangabad to the US-based Hospira for $200 mln. * RAJ OIL MILLS: To issue 20 mln warrants at 12 rupees each on a preferential basis. These warrants are convertible into equal number of shares of 10 rupees each. * RICOH INDIA: Has decided to seek shareholder approval to delist the company's shares from the BSE. * SATYAM COMPUTER SERVICES: The Authority for Advance Ruling has ruled that the $125-mln class action suit settlement by the company is taxable. * SESA GOA: Has received a directive from the Goa State Pollution Control Board to halt operations at its Navelim metallurgical coke plant in the state. * SKS MICROFINANCE: Has allotted 4.45 mln shares to promoter Kumaon Investment Holdings. * TATA MOTORS: Has completed the first phase of a plan to start commercial production of a car that runs on compressed air. * TECH MAHINDRA: BT is likely to sell around 7.17 mln shares of the company through block deals Thursday. * TULIP TELECOM: Fitch Ratings has downgraded the company's rating from 'junk' to 'default' following its failure to redeem its $97-mln outstanding foreign currency convertible bonds. 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.
