Stocks in news: Hexaware, Future Ventures, Bharti, Exide
Hexaware Technologies | Future Ventures | Bharti Airtel | Exide Industries | Financial Technologies | L&T | Shree Ganesh Jewellery | Coromandel Engineering Company | Sesa Goa and ICICI Bank are stocks, which are in the news today.
August 23, 2013 / 10:26 IST
Here are stocks that are in news today:
ICICI Bank
-Ups base rate by 25 bps to 10 percent effective August 23
-Ups BPLR by 25 bps effective August 23
-Ups floating reference rate for consumer loans by 25 bpsNational Spot Exchange (NSEL) update
-Jignesh Shah & couple of large brokerages come to some settlement
-Large brokerages include names like Motilal Oswal and Anand Rathi
-One of the things discussed is that all investors in NSEL take a 20 percent haircut
-Move should reduce the outstanding by Rs 1100 crore
-Two factions now in the claimants
-Jignesh will be probed for Rs 900 crore advance to some firms with no standing
-Govt likely to move in over weekend, if transfer of commodity markets to finance ministry happens today Forward Markets Commission (FMC) sources say
-Only 23 warehouses got access from SGS to conduct audits
-About 89 warehouses were supposed to get audited
-Have asked NSEL management to take legal action against those borrowers whose cheque has bounced
-Have asked to initiate default process at the earliestFinance Minister: Mines Ministry will approach SC to relax Goa mining ban
On CNBC-TV18 - Sesa Goa says
-Welcome government move to approach SC to relax Goa mining ban
-4-6 mt of ore lying idle in Goa at the moment
-Clearance in Karnataka taking time
-Not a single hearing has been given by SC on Goa mining banFuture Retail to CNBC-TV18
-Will continue restructuring standalone business
-Standalone business comprises mainly of electronics & home retailing
-Standalone business posts positive same-store-sales growth after 7 quarters
-Standalone business Q1 same-store-sales growth at 3.7 percent
-Will cut down exposure to white goods
-White goods require excessive warehousing & supply chain support
-Currently, focusing on furnishings, bath, linen & small products
-Will open only small format stores called hometown express
-Hometown express to be 25,000 sq ft versus 1 lakh sq ft stores open for hometownHeavy Industry Minister writes to PM, FM & Commerce Ministry: Sources
-Heavy Industry Minister writes on relaxation of iron ore duty
Heavy Industry Minister to PM, FM:
-Iron ore production has come down to 140 mt in FY13 versus 219 mt in FY10
-Forex earning from export would be best at USD 100/mt
-Cost of importing steel would be USD 600/mt
-Economics does not justify encouraging exports
-Starving domestic steel companies of raw material would be a supply shock
-Supply side constraints expected to stay in foreseeable future
-Exports will put pressure on prices for local steel companiesOther stocks and sectors that are in news today:
-Barings to buy Hexaware Technologies for USD 400 million: ET (Hexaware board to meet today to finalise the deal)
-HDFC raises floating interest rates on housing loans by 25 bps w.e.f today
-Future Ventures to sell 22.9 percent stake in AND to General Atlantic for Rs 200 crore: ET
-Bharti Airtel in talks to sell Sri Lanka operations to Etisalat: ET
-Manulife Financial may acquire 26 percent stake in ING Life from Exide Industries: ET
-2 directors of Financial Technologies have resigned
-Godrej Properties rights issue at Rs 325/share, ratio 8:29, issues opens on August 28, closes on September 11
-Walmart exploring ways to exit Bharti JV: FE
-Larsen & Toubro (L&T) shareholders okay issue of securities via QIP
-Shree Ganesh Jewellery allots 12.8 lakh shares at Rs 125/share to non promoter on preferential basis
-Coromandel Engineering Company approves allotment of 25 lakh cumulative redeemable preferential shares of Rs 100 to Tata Capital Financials Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
