Stocks to watch: Bharti Airtel, Idea, RCom, Tata Teleservices, HPCL
Cash-strapped Hindustan Petroleum Corporation (HPCL) has extended credit facilities to Kingfisher Airlines up to June 30 without a bank guarantee, defying a government instruction.
By ET Bureau |
The 3-G auction is over but it failed to throw up a pan-India licence holder. The country’s top two mobile firms—Bharti Airtel and Reliance Communications (RCOM)—each won 13 of the 22 telecom zones on offer while other major operators Vodafone Essar, Idea Cellular and Tata won a total of 9, 11 and 9 circles, respectively.
Cash-strapped Hindustan Petroleum Corporation (HPCL) has extended credit facilities to Kingfisher Airlines up to June 30 without a bank guarantee, defying a government instruction. The state-owned oil firm has also ignored an oil ministry order to recover old dues from Kingfisher by invoking the Rs 250-crore corporate guarantee given by the airline’s group company United Breweries & Holdings.
Panacea Biotec said on Wednesday that the World Health Organisation (WHO) has found no link between the company’s five-in-one vaccine and deaths of infants in Bhutan and asked it to resume supply that was stopped late last year.
The latest to join the nutraceutical business is the Mumbai-based Rs 600-crore company Elder Pharmaceuticals, which has just developed its first innovative nutraceutical drug. The formulation, whose chemical name is ‘coenzyme Q10’ will help to build immunity against cardiovascular diseases, neurogenerative diseases like Parkinson’s and Alzheimer’s, migraine, hypertension and diabetes.
The Tata Power-RInfra-Maharashtra government tangle finally reached the courtroom as TPC filed a writ petition before the Bombay High Court on Wednesday against the state government. The petition challenges Maharashtra government’s May 7 order that asked TPC to continue supplying 360mw to RInfra till June 30.
Jindal Steel & Power, through its 100% subsidiary Jindal Steel & Power (Mauritius), has agreed to acquire Shadeed Iron & Steel, a company incorporated under the laws of the Sultanate of Oman for a consideration of US$ 464 million including the assumption of liabilities of up to US$79 million by executing definitive share purchase agreement.
Cash-strapped Hindustan Petroleum Corporation (HPCL) has extended credit facilities to Kingfisher Airlines up to June 30 without a bank guarantee, defying a government instruction. The state-owned oil firm has also ignored an oil ministry order to recover old dues from Kingfisher by invoking the Rs 250-crore corporate guarantee given by the airline’s group company United Breweries & Holdings.
Panacea Biotec said on Wednesday that the World Health Organisation (WHO) has found no link between the company’s five-in-one vaccine and deaths of infants in Bhutan and asked it to resume supply that was stopped late last year.
The latest to join the nutraceutical business is the Mumbai-based Rs 600-crore company Elder Pharmaceuticals, which has just developed its first innovative nutraceutical drug. The formulation, whose chemical name is ‘coenzyme Q10’ will help to build immunity against cardiovascular diseases, neurogenerative diseases like Parkinson’s and Alzheimer’s, migraine, hypertension and diabetes.
The Tata Power-RInfra-Maharashtra government tangle finally reached the courtroom as TPC filed a writ petition before the Bombay High Court on Wednesday against the state government. The petition challenges Maharashtra government’s May 7 order that asked TPC to continue supplying 360mw to RInfra till June 30.
Jindal Steel & Power, through its 100% subsidiary Jindal Steel & Power (Mauritius), has agreed to acquire Shadeed Iron & Steel, a company incorporated under the laws of the Sultanate of Oman for a consideration of US$ 464 million including the assumption of liabilities of up to US$79 million by executing definitive share purchase agreement.
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