Here are stocks that are in news today:
GMR Infrastructure-Fairfax Holdings, Changi in talks to invest Rs 3200 cr for 30 percent stake in airport business: ET-Group looking for investors in energy business: BS
PNC Infratech-To sell its stake in Jaora-Nayagaon toll road company to Viva Highways (Subsidiary of Ashoka Buildcon)-To sell its stake in Jaora-Nayagaon Toll road company for Rs 34.2 croreNMDC says April-November iron ore production at 17.5 million tonne (MT) & sales at 17.72 MTNMDC-Cuts iron ore lump prices by Rs 300/MT to Rs 1,800/MT w.e.f December 4-Iron ore fines prices set at Rs 1,560/MT w.e.f December 4
Tata Steel-Company nears deal to sell UK plant-Company in talks with several finds which specialise in rescuing troubled units: PTI
Adani Ports-Company keen to enter states of Maharashtra, Karnataka and Andhra Pradesh-Company keen to operate shipment terminals in these states: PTI
OPEC-Agreed to oil output policy rollover-Sets oil output ceiling at 31.5 million barrels per day
OPEC President Emmanuel Ibe Kachikwu says-Maintain production at current levels-Will look at production levels again in January or February-When Iran boosts production, OPEC will review market conditions-Non-OPEC production is falling-Signs of non-OPEC cooperation are 50-50
Iran Oil Ministry says-OPEC no longer has a production ceiling-No OPEC ceiling because need to see Iran output when sanctions lifted-Discussed holding an emergency OPEC meeting before June-OPEC sticking with strategy to protect market share-Have to wait & see if OPEC strategy is effective-OPEC will not cut output without non-OPEC contribution-OPEC shouldn't be only one to sacrifice market share
Other stocks and sectors that are in news today:-Power Grid acquires Vemagiri-II transmission from REC transmission projects-Coal India signs MoU with National Environmental Engineering Research Institute-Indian Oil Corporation in marketing pact with rural focused e-commerce platform StoreKing: BS
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