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 shares for every 7 held; prices issue of 7.46m shares at 201 rupees apiece
# Monnet Ispat approves conversion of loan into shares
# Piramal Enter to consider raising 5b rupees selling bonds via NCDs on Jan.5
# Siti Cable to consider securities issue to founders Jan. 5
# Sun Pharma Advanced expects delay on royalty from Xelpros, Elepsia XR
# Yes Bank plans to sell INR15b 10-yrs bonds at 8.90%
# NOVARTIS INDIA SAYS SALE OF ANIMAL HEALTH DIVISION COMPLETED
# POWER GRID VIZAG UNIT CHARGES 1ST ELEMENT OF KHAMMAM PROJECT
# KEC INTERNATIONAL WINS ORDERS VALED AT 10.01B RUPEES