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Ambuja Cements: Ambuja Cements has announced the capacity expansion of its Sankrail grinding unit in West Bengal to 2.4 million tones at an investment of Rs. 325 crores.

HDFC Bank: HDFC Bank has risen about Rs. 1,405 crores from bonds to fund business growth.

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Dewan Housing: Fair trade regulator CCI has approved the merger of Dewan Housing Finance Corp's two arms -- DHFL Holdings and First Blue Home Finance -- with the parent company.

Aurobindo Pharma: Drug firm Aurobindo Pharma has received final approval by the US health regulator to manufacture and market Nafcillin for injection used for treating bacterial infections in the American market.

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Union Bank: Union Bank board meets today to consider raising funds via pref allotment/QIP/right issue.

Reliance Industries: RIL to buy Hotel Leela’s  business park to house its 4G operations for Rs 172 Crore FE.

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Petronet LNG: Qatar Petroleum has expressed interest in buying a 5.2 per cent stake in Petronet LNG Ltd, a potentially conflict of interest proposition as it will give the gas supplier a vantage position in India's largest fuel importer.

Kingfisher Airlines: Grounded carrier Kingfisher Airlines has filed a revival plan with the airline regulator, in an effort to renew its operating license before it expires at the end of the year.
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Maruti Suzuki: Maruti Suzuki India has started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in addition to its existing plan to invest Rs 4,000 crore for setting up a plant in the state.

Videocon: Videocon likely to take tax hit of Rs 3800-5100 crore on a potential sale of its 10 percent stake in Mozambique.

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Stocks to Watch Out for 21st December, 2012

TCS (Tata Consultancy Services): Country's largest software services exporter Tata Consultancy Services (TCS) is looking at significantly expanding footprint in China, Japan, Latin America and Europe to tap opportunities.

Cairn India: Cairn India is facing some reservoir pressure problems in the Bhagyam field in Rajasthan. Despite getting all the approvals from the government for almost 11 months now, the company is unable to ramp up the entire Rajasthan production by 8 percent.

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Reliance Industries- Mukesh Ambani led Reliance Industries Limited has plans to invest USD 10 billion on 4G network of its subsidiary Infotel Broadband.

Tata Communications- With the June 2013 deadline coming close, the government is eyeing modes to sell up to 6% in Tata communications. This is to comply with SEBI’s public shareholding norms.

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Maruti Suzuki- Car-maker Maruti has been given an additional 500 acres of land in Gujarat. The company already has 640 acres of land in Mehsana. The new land acquired will be used to expand its base in the state.

Eros International- Eros Worldwide, a promoter entity of Eros International Media, will sell 2.8 per cent of its holding in the the film distribution on December 20.

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Sun Pharma- Drug major Sun Pharmaceutical Industries' arm Caraco Pharma will buy Japanese drug maker Takeda Pharmaceuticals' US-based generics subsidiary URL Pharma.

Reliance Power- Reliance Power’s three promoters will offload 5.42 percent stake in the firm, a move that would help the Anil Ambani group company to comply with the minimum public shareholding norms.

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NALCO- State-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 2,000 rupees per tonne for all products in the domestic market, effective December 14.

Fortis Healthcare- Fortis healthcare is going to divest stake in Dental Corporation of Bupa for Aus $270M.

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Reliance Industries- Reliance Industries has shut its seventh well on KG-D6 gas block due to high water and sand ingress as it awaits regulatory nod to carry out urgent work over to plug the problem responsible for drastic fall in output.

Tata Motors- Tata Motors has appointed Cyrus P Mistry as its Chairman with effect from December 28 after retirement of group chief Ratan N Tata.

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TCS (Tata Consultancy Services)- Country's largest software services firm Tata Consultancy Services (TCS) said it has signed a multi-year agreement with UK-based hospitality player Mitchells & Butlers (M&B).

Pfizer-Pfizer Inc will pay $55 million plus interest to settle charges that Wyeth promoted its acid reflux drug Protonix for unapproved uses and made unproven claims about the medicine.

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M&M: Mahindra & Mahindra will increase prices of its vehicles by over one per cent across various models in January to offset rising input costs.

Tata Communications: Tata Communications has cut down 300 jobs across global operations as part of its review to align business with current business need.