4 Jan 2010 Morning Market Updates

4 Jan 2010 Morning Market Updates  9:11

Stocks in News :

Caraco says (subsidiary of Sun Pharma)-Company not to commence manufacturing products from Detroit by FY11
ALERT: Company had previously said 2 products would be manufactured from Detroit
ALERT: Company's remediation steps yet to be completed for Detroi plant
-No timeline yet as to when production may resume.
Citi Fraud updateHero group says
-Committed to fully cooperate with authorities probing case
-Prime priority is to recover investments
-Don't wish to comment further as matter under investigation
POSCO - From DJ-Govt panel approves environment clearance for POSCO project
-POSCO project area of 4,000 acres 'reasonable, necessary'
-Environment clearance only for initial steel capacity of 4 mt
-POSCO should invest 5% of project cost on community projects
-Compensation for displaced farmers, fishermen reasonable
-Decision does not cover POSCO proposed port building
-Final decision on POSCO India project to be taken by MoEF
SIAM's 2011 outlook - Pawan Goenka says-Do not expect to match 2010 sales in the new year
-Strong GDP growth to boost consumer sentiment
-High commodity prices & interest rates to dent sales
-High volumes in 2010 helped control price hikes
-Commodity price pressures will have to be passed on
-Expect commodity prices to rise 5-8% overall
-Expect car prices to rise 3-5% on an average in 2011
-15-18% growth would be 'very good'
-CVs & passenger vehicles to grow at same pace
-CV makers too will have to pass on price increases
Other stocks and sectors that are in news today:
-Jayaswal Neco ties up for debt for Rs 3300 cr expansion
-Banks agree to reschedule loans given to MFIs
-Kirloskar Oil Investments to list today
-SEL Manufacturing board approves issue upto 2 crore warrants on preferential basis to the Promoters
-Peninsula Land lines up Rs 2500 crore for land acquisition
-Steel companies hike prices by 3-5% as input cost increases
-Bajaj Hindusthan, Balrampur Chini get to export 33,000 tonnes of sugar
-HDFC Bank raised its interest rates on retail term deposits by up to 1.25% depending on the maturities. The rate hike will be effective January 1
-Road Secretary says to seek cabinet nod for NHAI board restructuring: NW18