Gap open seen 170-200 points nifty , our nifty btst will rock today
BUY BANKS LIKE SBI, AXIS
BUY HCC IT WILL RUN LIKE HORSE
SELL HPCL,BPCL our stbt
Tech Mahindra may see action
Private equity firm Kohlberg Kravis Roberts & Co is reportedly eyeing BT Group's 31% stake in India's Tech Mahindra. The formal process of selling will begin in 10 days, the reports added.
Reliance Power has reportedly sought allocation of an additional coal block with total reserves of 100 million tonnes adjacent to its existing ones in Madhya Pradesh.
A stake in Firstsource Solutions, a leading business-process outsourcing company, has reportedly been put up for sale. Metavante, a US-based banking technology group, has appointed Goldman Sachs to find a buyer for its 20% holding in the Mumbai-listed company, the reports added. First-round bids are expected this month.
Wipro Technologies has reportedly put about 4%-5% of its workforce, about 2,400-3,000 employees, under the scanner for non-performance. While some would be given counselling to improve their performance, others would be asked to leave, the reports added.
Oil and Natural Gas Corporation (ONGC) reportedly plans to generate 1,000 megawatts worth of wind energy entailing an investment of Rs 6000 crore.
S Kumars Nationwide is reportedly set to buy an Italian shirt company for 75 million euros in a deal expected to be signed by the end September 2008. The funding for the proposed acquisition has been tied up.
Essel Propack has reportedly acquired 74% equity of Minneapolis based Medical Engineering and Design Inc, a supplier of specialized disposable medical devices, for cash. This acquisition was undertaken through its US subsidiary Tacpro Inc and rest of equity will be held by promoter employees.
Hotel Leelaventure reportedly plans to add seven new luxury hotels at Udaipur, Jaipur, Delhi, Hyderabad, Agra, Pune and Chennai over the next three to five years. Its floating casino at Goa has also become operational, the reports added.