Stock in News : Dabur, L&T, Videocon

Reliance ties up with Dabur for retail venture
Reliance has entered into a one-year pact with Dabur, under which it would sell Ayurvedic products such as chawanprash, and personal care items like hair oil through its retail outlets. Under this agreement, Dabur would generate about Rs 90 crore in revenues annually.

Larsen & Toubro plans new shipyard in India
Larsen & Toubro Ltd plans to set up large shipyard at a cost of about 20 billion rupees to capitalise on expected demand for vessels as international trade grows. The company already
builds ships at Hazira in Gujarat, but Naik this facility could only handle smaller vessels.

RIL set to bag 7 prized oil blocks
In what could result in Reliance Industries Ltd’s virtual dominance of the deep-water Krishna Godavari and Mahanadi basins off the east coast of India, the Directorate General of Hydrocarbons (DGH) has recommended that the company be granted seven highly prized assets in the region to prospect for oil and gas.

Videocon buys shares in Cairn Energy
New York-based investment firm Blackrock-Merrill Lynch and Indian electronics major Videocon Industries (VIL) are believed to have bought shares worth close to $100m in the pre-IPO placement of Cairn India, a subsidiary of the Edinburgh-based Cairn Energy. Both investors are tipped to have bagged shares worth $50m each.

Gateway to buy 50.1% stake in Snowman
Gateway will subscribe to 34.39 million new equity shares of Snowman at Rs 10.50 a share. Snowman provides GDL with a well-established platform to explore the tremendous growth opportunities in the booming cold chain logistics business.

Siemens gets Rs 40 bn order
Siemens Ltd said on Wednesday it has bagged a contract worth 40 billion rupees in the power transmission and distribution segment.

PNB ties up with IDBI Capital
Punjab National Bank (PNB) on Wednesday tied up with IDBI Capital to provide advanced e-trading services to its customers.

Bulk Deal Updates
Fidelity Buys 11 Lac Shares of Info Edge at 587 per share
Citi Group Buys 15 Lac Shares of Spice Jet.