MARKET NEWS
• BANKING: The finance ministry has asked public sector banks to provide details of the branches that were unprofitable in the past two financial years.
• METALS: Vedanta Resources' arm Vedanta Aluminium has sought the Odisha government's intervention for securing long-term coal linkages for its captive power plant in Jharsuguda.
• MINING: The Goa State Pollution Control Board has issued show-cause notices to 40 mining firms for allegedly extracting iron ore beyond permissible limits.
• TELECOM: The Supreme Court has rejected review petitions filed by seven companies that were affected by the court's verdict to cancel 122 telecom licences granted in 2008.
• The Supreme Court has adjourned until Apr 11 hearing on two petitions seeking probe into the role of Home Minister P. Chidambaram
• AUTO ANCILLARY: The government has extended the anti-dumping duty levied on import of non-radial tyres from China and Thailand for another six months. The levy of the duty will remain in force up to Oct 7, the revenue department has said.
• AVIATION: Air India has replaced a number of business-class seats in domestic routes with economy class,
and has also configured a substantial number of its short-haul aircraft to all-economy seats.
• HINDUSTAN COPPER: Plans to raise $250 mln this quarter through overseas borrowings to part fund its expansion plans.
• HINDUSTAN UNILEVER: Has signed an agreement to lease its Worli property in Mumbai to Piramal Realty for 4.52 bln rupees.
• INVENTURE GROWTH & SECURITIES: The company's board has approved a 3-for-1 bonus share issue.
• MAHINDRA & MAHINDRA: May consider setting up a plant outside Maharashtra in the backdrop of the tax amendments made by the state.
• MARICO: To raise up to 5 bln rupees through issue of 29.4 mln shares on preferential basis to foreign investors at 170 rupees each.
• OIL AND NATURAL GAS CORP: Overseas investment arm ONGC Videsh has discontinued crude oil production in south Sudan following geo-political tensions in the region.
• AUTO ANCILLARY: The government has extended the anti-dumping duty levied on import of non-radial tyres from China and Thailand for another six months. The levy of the duty will remain in force up to Oct 7, the revenue department has said.
• AVIATION: Air India has replaced a number of business-class seats in domestic routes with economy class, and has also configured a substantial number of its short-haul aircraft to all-economy seats.
• RELIANCE INDUSTRIES: India Gas Solutions, the equal joint venture between the company and BP, to soon import liquefied natural gas through the terminals of Shell India and PETRONET LNG.
• RELIANCE MEDIAWORKS: Mexico-based Cinepolis to form a strategic alliance with the company's arm BIG Cinemas.
• RELIGARE ENTERPRISES: ICICI Bank has released 9.25 mln shares of the company pledged with the bank by two promoters on Mar 29.
• RHODIA SPECIALTY CHEMICALS: In pact with Reliable Spaces to lease 26 acres in Thane district, Mumbai, for 370 mln rupees.
• SADBHAV ENGINEERING: Has received an order worth 792.4 mln rupees in Odisha.
• SATYAM COMPUTER: A group of investors led by Aberdeen Asset Management has claimed damages of over $150 mln from the company.
• TATA METALIKS: Has terminated i
• Tata Power shrs up 1%; co gets OK to supply power to south Mumbai
• Suzlon shares gain 0.6% as co gets 138 MW wind turbine order
