Stocks to Watch: Reliance Communicatons, East India Hotels, Hero Honda, Infosys, Bharti Airtel

GTL Infrastructure and the tower subsidiary of Reliance Communications (RCOM) will convert around Rs 6,000 crore of loans from promoters into equity and issue fresh shares worth $1 bn (Rs 4,700 crore) to investors to create a combined tower entity with a manageable level of debt,

The Oberois, founders of East India Hotels Ltd, are planning to raise their stake in the company every year. The company can raise up to 5 percent stake every year through creeping acquisition.

Hero Honda Motors, maker of about half the motorcycles sold in India, said demand will grow slowly this year as the central bank raises interest rates to pare inflation. The company plans to boost production about 8.7% in the year ending March 2011 to more than five million motorcycles and scooters compared with a 23% increase last fiscal year.

West Bengal chief minister Buddhadeb Bhattacharjee has requested Infosys mentor Narayan Murthy to guide the state improve governance through use of information technology.

Two leading GSM mobile operators Bharti Airtel and Vodafone have contributed over 58 per cent of the total spectrum revenue realised by the government during the April-June quarter. Government has realised Rs 817.12 crore as spectrum fee from the telcos during the period, out of which Bharti and Vodafone together paid Rs 478.23 crore.