News Capsule (19 Aug 10)

IIFL is bullish on OnMobile Global and has recommended buy rating on the stock with a target of Rs 350, in its August 19, 2010 research report.

IIFL is bullish on Pantaloon Retail and has recommended buy rating on the stock with a target of Rs 510, in its August 19, 2010 research report.

In an interview with CNBCTV18, MM Miyajiwala, Executive VPFinance at Voltas said the company is looking to monetise its Hyderabad land.

James Hotels has its Board of Directors meeting on August 27, 2010 to consider and approve the annual cccounts of the company.

Benchmark crude for September delivery rose 10 cents to $75.52 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.

IVRCL Infrastructure is looking to sell entire 55% stake in engineering solutions company Hindustan Dorr Oliver for Rs 180200 a share, reports CNBCTV18 quoting sources.

Aban has signed contract with Cairn Energy India for the jackup rig AbanIl in Ravva block, located offshore east coast of India for Rs 69.75 crore.

Procter Gamble at its meeting held on August 18, 2010 has declared dividend of Rs 22.50 per share of Rs 10 each for the year ended June 30, 2010.

Sadbhav Engineering sold stake in infra arm to PE Players for Rs 400 crore.

Gati Corp is demerging its shipping business into a whollyowned subsidiary confirms Managing Director and Chief Executive Officer Mahendra Agarwal. It is also looking at roping in a strategic or financial partner in the newly hivedoff entity along with divesting 26% stake in the same.

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