Stocks in news: 7 Sep

Here are stocks that are in news today:

Pipavav Shipyard to raise Rs 160 crore by issuing convertible warrants at Rs 78 (CMP Rs 77)
-To issue 50 lakh warrants each to Rakesh & Rekha Jhunjhunwala
-To Issue 5 lakh to Utpal Seth
-To issue 1 crore to promoter

SAIL led consortium bids for 4 iron ore blocks at Hajigak, Afghanistan
-Consortium include NMDC, RINL, JSW, JSPL, JSW Ispat, Monnet Ispat

Lavasa: Sources
-Top HCC officials call on PMO for Lavasa
-Ask PMO to intervene to speed up environmental clearance
-HCC alleges undue delay in MoEF's decisions
-EAC had suggested clearance for phase I of Lavasa
-MoEF set 5 pre-conditions for clearance
-Jayanthi Natarajan studying Lavasa case
-Clearance to Lavasa likely to be delayed
-Lavasa case is before a new bench of Bombay HC

Other stocks and sectors that are in news today:

-PG Electroplast IPO of 57.4 lakh shares with a price band of Rs 190-210/sh opens today
-Tata Autocomp shelves USD 260 million IPO
- ONGC begins pumping oil from KG field basin & has plans to start gas production by next year (ET)
-Govt has no proposal to reduce taxes on petro products as it earned Rs 1.02 lakh crore through taxes in 2010-11 (ET)
- Indian Oil may raise petrol prices as revenue losses from selling the fuel at govt controlled rates have increased further more (Mint)
- Shree Renuka Sugar in talks with several PE companies to sell its 25% stake, to retire debt in its wholly owned company Renuka Brasil holdings (ET) (There is also buzz of sugar de-control)
- Cipla closes two of its four marketing divisions, move aimed at improving productivity (ET)
-Inter-Ministerial panel wants fertilizer & power companies to get a major share of domestic natural gas & rejected a proposal to introduce a pooled price mechanism (ET)
- Dabur India ’s Amit Burman keen to buy out Mumbai based BJN foods, with the BJN promoters valuing the company at around Rs 300 crore (FE)
- JP Associates may rope in a partner for its cement business, currently in talks with South American based Cemex & Votorantim to dilute its stake upto 26% (BS)
- NTPC to setup a 500 mw coal based power plant in Srilanka with an estimated cost of Rs 3150 crore
- DLF to move the CCI by early next week to appeal against the CCI order imposing a Rs 630 crore penalty on the firm (BS)
- KSK Energy is scouting for a strategic partner to sell its 20% stake in its Singapore arm (DNA)
- Emami promoters make a USD 400 million realty foray in Srilanka (DNA)

-Nutek India board to consider issue of bonus shares

-F&O ban: ABG Shipyard, Gitanjali Gems
-Listing of TD Power Systems w.e.f September 8
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