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Stocks in news: Amtek Auto, JSPL, Dr Reddy's, Jubilant Food

Amtek Auto | NTPC | Dr Reddy's Labs | Jubilant Foodworks | Hindalco Industries | PTC India Financial Services | Ruchi Soya | Punjab Alkalies and Jindal Steel & Power are stocks, which are in the news today.

November 20, 2015 / 09:42 IST
     
     
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    Here are stocks that are in news today:

    NDTV-Receives showcause notice from Enforcement Directorate-Receives showcause notice w.r.t violation of FEMA provisionsGMR Infrastructure commences commercial operation at Rajahmundry plantGMR Infra says-Rajahmundry plant to operate at 50 percent plant load factor-Power generated from Rajahmundry plant to be supplied to Andhra distribution companies 

    Amtek Auto-SSG Capital steps in to buy out Amtek Auto debentures owned by JP Morgan AMC-SSG Capital is a Hong Kong based fund which manages USD 1.3 billion across Asia: ET

    Competition Commission of India (CCI) gives clean chit to Jindal Steel & Power (JSPL) on allegations of cartelisation: Sources-CCI holds there is not enough evidence to support claims of cartelisation-Government had forwarded complaints alleging cartelisation by JSPL to CCI-One complaint alleges cartelisation & anti-competitive practices-Other complaint alleges cartelisation in coal block auction processAlert: Government had cancelled JSPL's winning bid for Gare Palma IV/2&3 & Tara coal blocksAlert: Government had cited low bids as reasons for cancellation of winning bids

    Power Minister Piyush Goyal says-Exemplary response from states on Ujjawal Discom Assurance Yojana (UDAY)-Rajasthan government signed draft MoU for 'UDAY'-Rajasthan government working to cut losses-Expect state to post profits in 2.5 years-Have an approval of up to Rs 5,000 crore by states-No demand-supply mismatch in power sector anymore-Had a piled up debt issue a year ago which has now been sorted-Identifying assets to sell to NTPC, expect movement in coming months-Stake sale to NTPC dependant on individual states, trying to fast track

    RBI issues directions to obtain prior nod for acquisition of shares in private sector banksRBI says-Prior permission required to obtain over 5 percent shares/bonds in private banks-Shareholders acquiring over 5 percent stake to declare ‘fit & proper’ status annually to concerned bank

    Delhi High Court-Directs government to probe 21 e-commerce companies including Flipkart, Snapdeal, Amazon-Directs government to probe 21 e-commerce firms for violation of FDI norms-To next hear the case against e-commerce firms on December 21Alert: Footwear retailer association moved Delhi HC, alleged circumvention of FDI normsAlert: Footwear association sought action against e-commerce companies under money laundering lawsSeeks response from finance ministry, commerce ministry, Enforcement Directorate & RBIAlert: Footwear body plea has alleged violations under FEMA

    Footwear Retailer Association says-e-commerce firms using complex structures for routing FDI into retail-Urgent need for a unified retail policy on FDI in retail

    RBI allows regional rural banks to provide internet banking facilities to customersAlert: Regional rural banks were not allowed to extend net banking services to customers earlier

    RBI says-Net banking facility to be limited to balance enquiry, account statements, cheque book requests-Online fund-based transactions will not be allowed for regional rural banks customers

    Punjab Alkalies says-Company has become a sick industrial company at the end of FY15-Have filed necessary reference with Board for Industrial & Financial Reconstruction (BIFR)

    NTPC-Mandates Barclays, Citigroup, Deutsche Bank, HSBC & SBI Capital to arrange a series of fixed income investors meetings-To have meetings in London, Singapore & Hong Kong starting November 23-Offshore rupee-denominated senior notes offering under 'regulation s' may follow, subject to market conditions

    Other stocks and sectors that are in news today:-Kanorias of SREI to mediate possible one time settlement between beleaguered Vijay Mallya and consortium of lenders to defunct Kingfisher Airlines: ToI-Dr Reddy’s Labs sues AstraZeneca in US alleging agreement breach over Nexium: ET-Jubilant Foodworks to hire 5000 employees, invest Rs 200 crore in FY16: ET-Hindalco, Birla Carbon to raise USD 2.4 billion via bonds: BS-PTC India Financial Services signs MoU with India Infra Finance company to provide financing for infrastructure projects-Domino's Pizza India announces technology partnership with Zippr-Ruchi Soya to invest Rs 350 crore in Karnataka in agriculture & energy sectors-US Investigates Bosch over its role in Volkswagen cheating scandal: Reuters sources-SBI Capital Markets says fiscal deficit to worsen by 40 bps to 4.3 percent due to 7th pay commission recommendations-Financial Technologies completes sale of its entire 25.64 percent stake in IEX

    first published: Nov 20, 2015 08:20 am

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