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Dec 04, 2012 09:16 AM IST | Source: CNBC-TV18

Stocks in news: CESC, Lanco Infra, Jet Airways, West Coast

CESC | NHC Foods | Aban Offshore | Lanco Infratech | Pipavav Defence | L&T | West Coast Paper | Jet Airways | ONGC and Jaiprakash Associates are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

GMR - Maldives faceoff continues
-Maldives government refuses to honour Singapore HC order
-Maldives government says decision is non-negotiable
-GMR had moved to Singapore HC to get a stay on termination of its contact

Jaiprakash Associates on cement business sale
-JCCL been looking into ways to unlock value for shareholders
-Have not so far signed binding agreement with any company
-Media reports suggests Ultratech in talks to acquire stake in JCCL

GSK Consumer open offer (CMP at Rs 3724)
-Open offer at Rs 3900 a share
-Opens on January 17, closes on January 30

Mumbai International Airport Limited (MIAL) may slap eviction notice on Kingfisher Airlines for not clearing dues: PTI
-Kingfisher Airlines owes Rs 22 crore to MIAL towards parking, navigational charges

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Essar Oil says: PTI
-Likely to set up its third coal-bed methane project in West Bengal
-To invest Rs 5200 crore for third coal-bed methane project

Other stocks and sectors that are in news today:
-ONGC board to meet on December 21 to consider payment of interim dividend
-International Paper in talks to buy promoter’s majority stake in West Coast Paper (deal valued at Rs 1200 crore): VC Circle Report
-Jet Airways may raise Rs 1600 crore from stake sale to Etihad: Agencies
-L&T plans Rs 5000 crore housing project in Powai campus: BS
-Hotel Leela looks to raise Rs 2500 crore via divestment in the next 2 years: FE
-Muthoot Finance looking to raise Rs 500 crore via NCDs in next 2 months
-IOC cuts aviation turbine fuel price by Rs 695.14/kl in 4 metros w.e.f December 1
-Lanco Infratech to supply 300 mw power to distribution companies in MP
-Aban Offshore shareholders okay raising funds via QIP issue
-Pipavav Defence to issue 2.45 crore shares to SAAB AB for an undisclosed sum on preferential basis
-McNally Bharat board to consider issuance of non-convertible redeemable preference shares to non-promoter
-Police books JSW Steel for negligence after collapse of two floors of three-storey Victoria House in Lower Parel: TOI
-NHC Foods board to consider raising funds via preferential issue / GDR / QIP Placement (CMP Rs 54)

STI India OFS tomorrow
-CMP - 27.45/share
-Promoter, Bombay Rayons to sell 54.30 lakh shares (18.72% equity)
-Move to meet SEBI’s minimum public shareholding norm

In T2T w.e.f from December 7th
-Reliance MediaWorks
-GEI Industrial
-BAG Films
-Shree Ashtavinayak

Government sources say: CNBC-TV18 Exclusive
-100% FDI in Pharma to be under approval route
-Government rejects inter-ministerial group recommendation on 49% FDI in Brownfield Pharma under automatic route
-FIPB to scrutinize FDI in Pharma proposals for now
-Law ministry to examine if the Competition Commission of India must scrutinize FDI in Pharma
-Concerns whether CCI competent to direct on public health
-PM, FM, Commerce, Health Ministers' to meet today on FDI in Pharma

CESC: Newswire18
-Bengal regulator okays average hike of 1 percent in FY13 power tariff
-New Bengal tariff effective retrospectively from April 2012
-To collect Bengal power tariff hike arrears in 8 tranches

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