Morning News Oil India, Coal India, Tata Motors, Tata Steel 15 January

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Oil India picking up approximately 7 percent in IOC

-Government mulls ONGC picking up approximately 3 percent in IOC

-Oil India (OIL) wants ONGC to pick up 5 percent in IOC

-OIL has more net cash than ONGC so higher stake buy likely -ONGC may buy only up to 6.2 percent in IOC

-ONGC holds 8.77 percent in IOC

-Ratio likely to alter in light of protests from OIL



Coal India CMD declares Rs 29/share interim dividend

-Total dividend payment at around Rs 18,000 crore

-Government to obtain Rs 16,485 crore as dividend

-Rs 29/share is final dividend to be paid by Coal India for FY14

Galena Biopharma in agreement with Dr Reddy’s Labs to develop NeuVax in India

-Dr Reddy’s Labs to lead development of NeuVax in gastric cancer

-Company licenses Dr Reddy’s Labs commercial rights for NeuVax in breast & gastric cancers



Tata Motors: December sales

-Global wholesales at 79,220 versus 81,957 units (MoM)

-Global passenger vehicle wholesales at 49,721 units

-Global Jaguar Land Rover wholesales at 40,244 units versus 39,956 units (MoM)

Engineers India: shareholding pattern

-FII holding in company at 5.57 percent in December-end versus 5.01 percent in September-end

-DII holding in company at 6.96 percent in December-end versus 7.69 percent in September-end

- Tata Steel opens UK’s largest steel plate service centre

- Indraprastha Gas (IGL) says to up CNG price by Rs 10/kg in Delhi effective April 1

-ONGC Videsh says looking at buying small stake in Brazil’s Libra project

-NSE to launch interest rate futures on 10-year government bond on January 21

-MCX-SX to launch interest rate future on 10-year government bond on January 20

-Tata Sons pledged 15 million Tata Motors shares on January 9

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