Corporate Highlights

• Supreme Court has allowed sale of TVS Flame bike. The SC order refers to Bajaj-TVS patent case.The order says that TVS Motors can make Flame with DTSi twin spark technology.

• Bharati Shipyard buys 11.2 lakh shares or 3% equity. Bharati Shipyard buys stake at Rs558.80/share. Bharati will need to up open offer to minimum Rs 558.80/share. Videocon amongsellers in Great Offshore

• Prakash Industries is expanding its power generation to 725 MW Vs 100 MW. It has allocated Fatehpur Coal Block for this project and required environment and water approvals have also beentaken. Surplus power will be marketed through power exchanges. Phase I of 250 MW will be commissioned by next year while 625 MW will be commissioned in next 3 years.

• Aban Offshore got approval from shareholders to raise around $ 1 Bn through GDR & QIP

• Roman Tarmat gets new work order worth Rs 4.31 Cr

• Ansal Properties planning to develop 19 affordable townships in 5-7 yrs; expect Rs 25,000 Cr revenues from the township

• Fedders Lloyd Corp gets order worth Rs 110 Cr