Stocks to watch: JSW Steel, IOC, Bharti Airtel, Infosys, Wipro, TCS, RCom
ICICI Lombard General Insurance Company has just settled a Rs 177-crore claim on account of a fire at Indian Oil Corporation’s Jaipur storage facility last October.
By ET Bureau |
MUMBAI: JSW Steel, one of India’s biggest steelmakers, has demanded a stake in the controversial Obulapuram Mining Company (OMC) or a definite deal to supply iron ore as talks with Karnataka’s Reddy brothers for taking over their steel company reach a crucial stage.
ICICI Lombard General Insurance Company has just settled a Rs 177-crore claim on account of a fire at Indian Oil Corporation’s Jaipur storage facility last October.
Cox & Kings plans to raise up to Rs 2,000 crore for capex. The company is likely to raise Rs 1000 crore through debt and Rs 1000 crore through equity.
Bharti Airtel has appointed Ogilvy Africa to provide brand building services for its African operations. Ogilvy Africa will guide Airtel's long-term brand building across the African continent and provide overall creative direction, and media planning and buying for Airtel's African businesses, besides executing campaigns in each of its African markets.
The Nandan Nilekani-led Unique ID Authority of India plans to invite tenders for developing and managing the world’s largest citizen database of over 1.2 billion people. Touted as one of the largest tenders, it is expected to have a contract size topping Rs 1,000 crore. Technology majors such as IBM, Hewlett-Packard, Wipro, TCS, Accenture and Infosys are likely to bid for the project.
The GMR Group is willing to buy stakes held by minority partners in all the three airports it operates if there is any such offer, the group's Chief Financial Officer A Subba Rao said on June 21. Subba Rao referred the example of IDFC, which had 3.9 per cent stake in the New Delhi Airport and later swapped equity for GMR Infra stake.
Reliance Communications has hired over half a dozen senior employees to cater to its wireless business. RCOM has not just poached from other telcos to fortify its management structure, it has also recruited senior executives just before elder brother Mukesh Ambani’s telecom venture gets into the hiring mode.
Speciality Papers has bagged export orders worth 600 MT in the recently concluded Asian Paper (Trade Fair) on 16th-18th June 2010 in Thailand.
Rakesh Jhunjhunwala has acquired 3,75,000 shares of VIP Industries, which takes his stake to 16,43,000 or 5.81% of the total issued and paid up capital of VIP Industries Ltd of 2,82,63,463 shares.
ICICI Lombard General Insurance Company has just settled a Rs 177-crore claim on account of a fire at Indian Oil Corporation’s Jaipur storage facility last October.
Cox & Kings plans to raise up to Rs 2,000 crore for capex. The company is likely to raise Rs 1000 crore through debt and Rs 1000 crore through equity.
Bharti Airtel has appointed Ogilvy Africa to provide brand building services for its African operations. Ogilvy Africa will guide Airtel's long-term brand building across the African continent and provide overall creative direction, and media planning and buying for Airtel's African businesses, besides executing campaigns in each of its African markets.
The Nandan Nilekani-led Unique ID Authority of India plans to invite tenders for developing and managing the world’s largest citizen database of over 1.2 billion people. Touted as one of the largest tenders, it is expected to have a contract size topping Rs 1,000 crore. Technology majors such as IBM, Hewlett-Packard, Wipro, TCS, Accenture and Infosys are likely to bid for the project.
The GMR Group is willing to buy stakes held by minority partners in all the three airports it operates if there is any such offer, the group's Chief Financial Officer A Subba Rao said on June 21. Subba Rao referred the example of IDFC, which had 3.9 per cent stake in the New Delhi Airport and later swapped equity for GMR Infra stake.
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Reliance Communications has hired over half a dozen senior employees to cater to its wireless business. RCOM has not just poached from other telcos to fortify its management structure, it has also recruited senior executives just before elder brother Mukesh Ambani’s telecom venture gets into the hiring mode.
Speciality Papers has bagged export orders worth 600 MT in the recently concluded Asian Paper (Trade Fair) on 16th-18th June 2010 in Thailand.
Rakesh Jhunjhunwala has acquired 3,75,000 shares of VIP Industries, which takes his stake to 16,43,000 or 5.81% of the total issued and paid up capital of VIP Industries Ltd of 2,82,63,463 shares.
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