25th August, 2011 Morning Market Updates

25th August, 2011 Morning Market Updates 8:40
Stock in news

Ratan Tata on Tata Power -Land acquired for coastal power project
-Reviewing projects in Arunachal due to geopolitical situation
-Indonesia to impact imported coal price for Mundra
-Govt needs to review tariffs for imported coal UMPPs
-Coal blending to help little, but situation is acute

Deccan Chronicle -Buyback to end today 
-Company will finish buying 3.45 crore shares at Rs 70/share
-Spent nearly Rs 240 crore on the buyback

CCI to give nod to UTV & Walt Disney stake sale: Sources
-CCI nod likely within a week

Other stocks and sectors that are in news today:- Infosys in USA face fresh charges of irregularities, as Texas employee alleges more irregularities in I-9 form compliance & tax payments (FE)
- SAIL plans 10 more processing units to ramp up hot metal capacity from the current 14 mt to 24 mtpa (FE)
- REC in talks with two foreign banks to setup a commercial bank through the JV route in India (Mint)
- Tata Chemicals to raise its stake in EPM mining from 13.76% to 30.6% for around USD 41 million 
- Clutch Auto approves allotment of 8.2 lakh shares at Rs 50/sh to the promoters
- Amtek Auto board to consider buyback 
-Ex Dividend: Hero Motocorp at Rs 35/sh, Ultratech Cement at Rs 6/sh, Motherson Sumi at Rs 2.75/sh
-F&O Ban: ABG Shipyard , Gitanjali Gems -India signs double tax avoidance agreement with Georgia