Major stock/ sector news in focus
Major Stock/Sector News in Focus: # RBI allowed banks to fund cos. step-down units abroad, revised rules for opening branches in rural areas # Avanti Feeds Invests 846m rupees into Avanti Frozen Foods # Aurobindo Pharma gets tentative approval for Bivalirudin # Canara Bank raises 15b rupees selling tier-II bonds # Clariant Chemicals competition Commission approves co.’s plan to buy part of # Vivimed Labs personal-care portfolio # Corporation Bank allots 28.2m shrs to LIC at 50.78 rupees each # FSL makes 3rd qtrly repayment of $11.3m on debt # Gammon India lenders close to selling stake in co. units: ET # HDFC gets 570m-rupee profit from sale of investments # IDBI Bank gets India approval to raise 37.7b rupees # Indian Oil cuts gasoline, diesel prices; signs pact w/ Petronet LNG (PLNG) for additional supply of 0.3 MMTPA of RLNG # IL&FS Transportation gets Madhya Pradesh Road Development’s provisional certificate for road completion # JMC Projects to offer 2 right...