Dec 05, 2012 09:38 AM IST | Source: CNBC-TV18

Stocks in news: Tata Power, BEML, OIL, Infy, Tree House

DB Corp | Tata Power | BEML | Oil India | Infosys | Tree House Education and McNally Bharat are stocks, which are in the news today.

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Here are stocks that are in news today:

Aam Aadmi Party leader Arvind Kejriwal
-Modi Government flouted norms to help Adani group
-Modi gave gas contracts worth Rs 20000 crore for free
-Adani group denies allegations made by Arvind Kejriwal

GMR sources say
-Deny acceptance of Maldives government offer
-No deal has been arrived at outside of arbitration
-To seek legal remedy to ensure court’s injuction is honoured
GMR-MIAL tussle
-MEA says expect no arbitrary measures be taken pending legal process

Supreme Court reserves order in Novartis anti-cancer drug patent case
-Novartis had moved SC seeking patent for Glivec drug

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DB Corp to acquire remaining shares of its 2 arms I Media Corp (IMCL) and Synergy Media Entertainment (SMEL)
-To pay Rs 35.6 crore for acquiring 45 percent stake in IMCL
-To pay Rs 2.37 crore for acquiring 43.18 percent stake in SMEL

CERC to continue hearing on December 11 on Tata Power's Mundra UMPP
-Tata Power filed petition for revision in tariff
-Petition filed in lieu of increase in coal prices from Indonesia

Vedanta to shut down Lanjigarh alumina refinery from today
-Move led due to severe scarcity of bauxite

STI India offer for sale (OFS) for 54.3 lakh shares (18.72 percent stake)
-OFS to open today
-Seller: Bombay Rayon Fashion
-Floor price is Rs 29/share
Aviation, Petroleum ministries to pitch for reclassification of jet fuel: BL
-Classifying ATF as “declared good” will sharply reduce tax on the fuel 

Other stocks and sectors that are in news today:
-Etihad CEO says Ethihad in due diligence with 2 Indian airlines: DNA
-BEML receives orders worth Rs 450 crore from Indian Railways
-Government has decided to launch Oil India’s Rs 2,500 crore OFS by January 15, 2013: ET
-City Union Bank to raise Rs 258 crore via rights issue
-Cinemax India open offer opens on January 18, closes on January 21, offer price Rs 203.65 a share
-NASDAQ Changes: Facebook to replace Infosys on NASDAQ 100 w.e.f. December 12: Reuters
-Tree House Education makes preferential allotment to Aditya Birla group
-McNally Bharat Board approves Rs 120 crore fund raising
-Tata Housing sells 150 housing units for Rs 350 crore in Gurgaon
-Veto Switchgears IPO closes today
-Wockhardt writes to PM against cap on insulin pricing: NW 18
-ATF brought under purview of PNGRB to ensure transparency: FE
-Cabinet to take up urea policy to attract capital: FE
-Coal India will have to pay the reserve price for 116 blocks allotted to it in May 2012: PTI

Lok Sabha debates retail FDI
Kapil Sibal says
-FDI in multi-brand retail will only be possible in 53 cities
-FDI only in 18 cities if each factor taken in consideration
-Opposition has no right to stop a state that wants FDI
-Retail FDI in cities that have population of more than 10 lakh
-Multi-brand retail FDI carries minimum initial investment of USD 100 million
-Minimum of USD 50 million has to be invested in back-end in 3 years
-30% sourcing from MSMEs must to get FIPB approval
-Walmart took 16 years to turn profitable in China
-Cites NDA govt's cabinet note on FDI in multi-brand retail
-BJP was committed to introduce FDI in multi-brand retail
-Pepsi working with 10000 farmers versus 1,800 in West Bengal a few years ago
-Nearly 80 mt of fruits and vegetables wasted in India
-Purpose of FDI policy is also that farmers get better rates
-Majority of FDI inflows are in the manufacturing sector
-Walmart won't establish stores in Delhi; to open in outskirts
Mulayam Singh Yadav
-FDI not in interest of people of India
-FDI in retail will increase unemployment across India
-SP not in favor of FDI in retail
-Foreign retailers to initially sell products at cheap rates
-If FDI in retail is good, then why not allow it across India?
-Appeal PM & Sonia to suspend retail FDI for a couple of years
-FDI decision will not help congress in general elections

-BSP says opposes FDI in retail on floor of the house

DMK says
-Real stakeholders in retail FDI are shopkeepers
-Retail FDI not in interest of the trading community
-Against FDI in retail but will support govt in Lok Sabha vote

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