Moneycontrol
Jan 09, 2013 10:03 AM IST | Source: CNBC-TV18

Stocks in news: Cholamandalam, Maruti, Axis Bank, EPC Ind

Cholamandalam | 20 Microns | JK Cement | Bank of India | EPC Irrigation | Maruti Suzuki | Axis Bank | ITC | Kingfisher | IndusInd Bank and L&T are stocks, which are in the news today.

Stocks in news: Cholamandalam, Maruti, Axis Bank, EPC Ind

Here are stocks that are in news today:


Results Today: IndusInd Bank, Gujarat NRE Coke


Mumbai International Airport Limited (MIAL) gives away Kingfisher Airlines (KFA) airport slots; Airport Authority of India (AAI) to follow suit
Sources say:
-MIAL gives away 6 out 11 KFA slots to Indigo
-MIAL to give away remaining slots as per demand
-AAI to give KFA's Airports slots away if there is demand
Alert: Slots are flight time bands allotted to airlines
-AAI to monetise KFA slots at its airports
-AAI will not wait any further for KFA to clear dues
Alert: KFA owes approximately Rs 300 crore to AAI
-Delhi International Airport Pvt Ltd (DIAL) yet to take away airports slots allotted to KFA
-DIAL has spare slots to allot in case of fresh demand


Government considers part sale of shares held by SUUTI, finance ministry mulls offer for sale (OFS) on Axis Bank: BS
Alert: SUUTI holds 11.5 percent in ITC, 23.6 percent in Axis Bank and 8.3 percent in L&T valued at Rs 47300 crore 
 
RIL applies for de-notifying 40 percent of its Gujarat SEZ: PTI
Alert: RIL's multi-product SEZ is spread over 1764.14 hectares


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Other stocks and sectors that are in news today:
-Environment Minister shifts blame to NHAI for delay in highway clearances (GMR blamed NHAI for giving up highway project)
-Maruti’s market share slipped to a new low of 37.6 percent in 2012: ET
-Titagarh group, Ruia group in race to acquire government's stake in tyre company Tyre Corporation of India: TOI (likely to be first strategic sell off by UPA government)
-Credit Renaissance exits EPC Irrigation; sells 17 percent stake for Rs 61 crore, Reliance MF, Reliance Net, Morgan Stanley among buyers (M&M holds 54 percent stake in company)
-Bank of India okays fund raising via preferential issue to government, others
-JK Cement board approves raising capital up to Rs 200 crore via QIB
-SAIL April-December 2012 production grows by 2 percent at 9.25 mt (YoY)
-20 Microns board approves raising up to Rs 30 crore for expansion, to transfer mineral product operations to arm
-CCI approves restructuring of Future Group's fashion business
-Shipping Ministry to award 25 projects worth Rs 11000 crore by March end: ET
-Cholamandalam Investment and Finance is planning to raise Rs 300 crore via QIP (CMP Rs 278)


GST Committees to submit report on January 21: Sources
Alert: FM set up official committees on CST Compensation, GST Structure
-Committees contemplating alternate models for GST
-'One size does not fit all, separate GST model required'
-Cannot adopt international GST structure for India
Alert: Committees include state and central government officials
-Centre tells states GST will hike revenue by Rs 50000-60000 crore
-Finance Ministry keen on GST implementation in 2014

Government files affidavit in 2G cancellation case
-Government makes case for temporary licences for existing users
-Some cancelled companies may be interested in auction
-Temporary licences to enable companies to bid in auction
-Will charge market price from January 19 onwards
Alert: Licences to get cancelled on January 19
-Government asks SC to extend licenses till re-auction
-Government to take administrative decision if SC does not extend licences
Alert: Fresh auctions to begin on March 11

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