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Tuesday, April 08, 2008

MORNING UPDATES

RPL is starting its Jamnagar refinery in Sept..!!!

Novartis AG has agreed to buy Nestle AG's 77% stake in US company Alcon for $39 billion.

Faced with increasing political pressure, the government will facilitate more cement imports from Pakistan in its efforts to rein in inflation, which has touched a three-year high of 7%.

Securities and Exchange Board of India (Sebi) has reduced the filing fees for documents of public issues, buybacks and draft letter of offer while acquiring a company.
The regulator has made amendments to the Sebi (Merchant Bankers) Regulations, 1992, Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and Sebi (Buyback of Securities) Regulations, 1998.
Sebi has also amended the fees for custodians who will have to pay 0.0005% instead of 0.001%.

Bharat Forge is learnt to have acquired 89% stake in French forgings company Groupe Sifcor .

The board of directors of Spice Mobiles (Q, N,C,F)* at its meeting held on Apr. 07, 2008 recommended a dividend of 15% for the period ended December 31, 2007.


Govt considering excise duty cut on steel, metal index up over 2%.

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