Stocks in news: Money Matters, BHEL, DB Realty, BGR Energy

Here are stocks that are in news today:

Claris Lifesciences IPO subscription as of now (Last Day today): as per NSE
-Total: 0.09 times (x)
-QIB: 0.00x
-NII: 0.01x
-Retail: 0.26x

Bank Bribery Scam

Stocks in news: Money Matters, BHEL, DB Realty, BGR Energy

CBI sources say
-5 companies involved in scam took loan of Rs 1,000 crore
-Companies took loan to invest in stocks, manipulate share prices
-One company took loan of Rs 560 crore, another Rs 300 crore, rest Rs 50-60 crore
-Likely to write to SEBI on share price manipulation

RBI gets into action - sources say
-RBI gets into action; seeks details of all secured loans
-RBI to look into consortium loans okayed by managing comms
-RBI Seeks details from banks on 15 accounts
-All consortium loans run into thousands of crores

Companies under RBI scanner
-BGR Energy, OPG Power, Ashapura Mines, Lavasa
-DB Realty, Entertainment World Lucknow, Mantri Realty
-PK Tayal-Promoted Krishna Group, Suzlon, Pantaloon
-Indore City Treasures, Adani Group, JP Hydro, JSW Energy, Emaar MGF

Cairn - Sources
-Cairn gives into GoI demand; to ask for nod for pre-NELP blocks
-Cairn may request for Govt approval before weekend
Alert: Cairn earlier sought GoI approval for only NELP blocks
-Cairn's letter may not mention ONGC's pre-emptive rights issue
Alert: ONGC has claimed pre-emptive rights
-Cairn India declines to comment
Alert: Cairn has 3 pre-NELP blocks

Kingfisher Airlines okays debt restructuring
-Okays converting Rs 1,360 crore debt from lenders to shares
-To convert Rs 650 crore debt from promoters into shares
-To repay balance debt in 9 years with 2-year moratorium
-Interest rate on balance of debt reduced
-To issue 57.5 crore preference shares to lenders
-Preference shares to lenders redeemable at par in 12 years

DB Realty says
-Received notice from CBI to share loan sanction documents
-Went with documents today but CBI has asked to come back on Friday
-CBI only seeking info on loans sanctioned by Money Matters
-Our executives did go see RR Nair on loan sanction
-There was only 1 meeting with RR Nair in November 2009
-RR Nair wanted certain info on our projects
-No bank will give a loan to a client without a meeting
-No crossholding with DB Realty & Telco Etisalat DB
-CBI has not asked for info regarding link with Etisalat

BHEL
-Board approved setting up of a new BHEL plant as "Power Equipment Fabrication Plant" at Maharashtra.
-Forwarding proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd. (a wholly owned subsidiary) with BHEL

Other stocks and sectors that are in news today:
-Money Matters board to meet on Friday on further action in bribery case: NW18
-Maruti to hire 3000 employees for expanded service network – BS
-Tata Steel eyes more acquisitions – Agencies
-Nahar Poly (Nahar Investments) revises open offer price from Rs 40 to Rs 50
-TEBMA Shipyard open offer at Rs 19.20/sh (Bharti Shipyard acquired majority stake)
-Glodyne Tech: stock split: face value of 10 to become face value 6, approved fund raising
-Pratibha Industries: approves allotment of 50 crore