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Todays Big News:


 ·        Ranbaxy, Pfizer in pact with ITC to boost rural sales.
.         Infy Q1 : Standalone Np at rs 1664  cr  v/s 1730 cr  
·        Pumping production to tackle pricing pressure: MOIL.
·        Godrej properties expected to sign Mumbai land deal with Jet.
·        Apollo Tyres sets up Middle East hub in Dubai.
·        NIIT bags multi-million pound deal from Eurostar.
·        Orchid Chemicals facility gets closure notice from Tamilnadu Pollution Control Board.
·        SPARC board meets on July 14 to consider rights issue.
·        June car sales slowest in more than 2 years.
·        Canada firm commits $10m for Jordan-India fertiliser plant.
·        Nestle to buy 60% of Chinese candy maker for USD1.7bn.
·        Core Projects may buy Andheri office space for Rs 350cr.
·        ONGC FPO is likely to be differed till September, reports CNBC-TV18.
·        Glenmark gets final payment of $25 mn from Sanofi.
·        Mahindra not to acquire Scooters India now: Pawan Goenka.
·        Tata Motors' leaning toward Indonesia for new Nano plant.
·        Essar to shut Vadinar refinery from Sept 18: Sources.
·        Order book at Rs 3000cr in monolithic segment: Sintex.
·         Essar Oil owes USD 2 billion to Iran for oil imports since late December when RBI ended
         long standing payments mechanisms for refiners (Mint)
·         Madras Cements in talks with Lafarge & holcim to divest its cement grinding unit in West
         Bengal for roughly Rs 350 crore (TOI)
·         BPCL lines up investment of Rs 50,000 crore to expand its capacities in refining, retail &
         upstream projects (TOI)
·        F&O Ban: Kingfisher Airlines
·        Karuturi Global board meet today to decide opening date of GDR issue
·         Chowgule Steamships revokes 29 lakh shares of promoters representing 7.99% equity
·        Essar Oil bets big on coal bed methane gas, looking for aggressive acquisitions both in
         domestic & local arena (ET)
·        SpiceJet to delay its regional routes as company waits for the RBI nod for USD 250 million
        funding to buy Bombardier Q400 – ET
·        SBI holds on to its plan to acquire a stake in Tata Motors finance following objections
        raised by RBI – BS
·        5 firms including JSPL, GVK Power may lose coal blocks if the production process doesn’t
       go underway – FE
·        IIP Numbers expected at 8.5% VS 6.3%