Stocks to watch: Sesa Goa, Wockhardt, Deepak Nitrite, Adhunik Metaliks
The Adhunik Group of Industries, with interests in power, steel, cement, transmission towers and mining businesses, has initiated talks to acquire 50% stake in an Australian coking coal mine for $100 million.
By ET Bureau |
MUMBAI: The government is considering a proposal to restrict mining by private sector companies in tribal areas in a move that could severely impact investments of domestic and foreign majors like Rio Tinto, BHP Billiton, Vale, Sesa Goa and MSPL.
The Adhunik Group of Industries, with interests in power, steel, cement, transmission towers and mining businesses, has initiated talks to acquire 50% stake in an Australian coking coal mine for $100 million.
Foreign lenders led by US hedge fund QVT — that own overseas bonds worth $66 million in Wockhardt — have proposed a plan that would give them about 26% stake in the troubled pharmaceutical company.
Deepak Nitrite, a speciality chemicals manufacturer, on Tuesday said it will start marketing fuel additives that are typically used for regulating emission standards and enhancing fuel efficiency.
Rate sensitive sectors like banks and realty will be in action after reports that China has raised the proportion of deposits that banks must hold in reserve, in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.
The Adhunik Group of Industries, with interests in power, steel, cement, transmission towers and mining businesses, has initiated talks to acquire 50% stake in an Australian coking coal mine for $100 million.
Foreign lenders led by US hedge fund QVT — that own overseas bonds worth $66 million in Wockhardt — have proposed a plan that would give them about 26% stake in the troubled pharmaceutical company.
Deepak Nitrite, a speciality chemicals manufacturer, on Tuesday said it will start marketing fuel additives that are typically used for regulating emission standards and enhancing fuel efficiency.
Rate sensitive sectors like banks and realty will be in action after reports that China has raised the proportion of deposits that banks must hold in reserve, in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.
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