Today's Stock Alert on Oct 15,08
The Stocks Which May see action on Oct15,08 Ø The alliance between Jet Airways and Kingfisher Airlines could reportedly result in a combined annual savings of Rs 800 crore and a lay-off of 1,500 employees, or 5% of their combined workforce. Ø Meanwhile, Jet Airways and Kingfisher Airlines are reportedly open to include state-owned Air India in their recently formed operational alliance. The alliance would have a 72% market share if Air India were to join, the reports added. Ø Reliance Industries has reportedly tied up with three foreign firms for its plans to set up an integrated coal mining, a coal-to-liquid plant, and a 1,000 megawatt power plant and fly-ash utilisation unit. Ø Reliance Infrastructure reportedly plans to raise Rs 2500 crore as loan this fiscal and is in talks with banks including IDBI, Axis Bank and IIFCL for raising the funds. Ø Nusli Wadia Group is reportedly set to acquire Groupe Danone's stake in Britannia Industries with a committed $200 million funding fro...