Stock Market India, Paisacontrol.com

Today IPO’s which open:
-VA Tech Wabag: Price band Rs 1,230-1,310/sh and offer to lift up to Rs 475 crore
-Cantabil: Price band Rs 127-135/sh and offer to lift Rs 105 crore
-Gallant Ispat: Price fixed at Rs 50/sh and offer to lift 40.5 crore


VA Tech moves up Rs 70.9 crore from anchor investors @ Rs 1310/share
-Anchor investors include EMIC, Treeline, India Capital Opportunity 1, Religare MF


Sun Pharma proclaims settlement with Levitt and Moros families
-Sun Pharma obtains controlling interest of Taro
Alert: Sun seizes 36% equity in Taro, and has invested USD 110 million
Alert: Levitt family seizes 11% stake with 33% voting rights

ONGC only foreign firm to bid for Trebs & Titov oil deposits:
-Oil fields seize near 200 million tonnes of oil reserves
-Auction to be conducted on December 2, 2010
- On Monday, Nord Imperial, ONGC’s Russian subsidiary, submitted bid.
-Bid submitted to Rosnedra, the authority for subsoil licences.
-Russia's Natural Resources Minister Yuri Trutnev states govt to decide