Stocks in news: Amar Remedies, HCL Tech, Suzlon, NTPC

United Progressive Alliance (UPA) in crisis?
-Trinamool Congress (TMC) withdraws support to UPA II, ministers to resign on Friday
-UPA government in minority (UPA - TMC = 254 seats)
-Finance Minister rules out roll back of diesel and FDI in retail
-Congress ruled states to increase LPG quota from 6 to 9
-Nitish Kumar says the JD(U) will support the government which gives special status to Bihar
-LK Advani calls for a special session of Parliament

Finance Ministry proposes 9.5% stake sale in NTPC : CNBC-TV18 exclusive
-Finance Ministry eyes Rs 13168 crore from NTPC divestment
-Moves proposal for NTPC share sale to cabinet committee on economic affairs (CCEA)
-Finance Ministry proposes NTPC share sale via offer for sale (OFS) route
-Share sale could be in tranches spread over time
-Post sale, government to retain 75% in NTPC
-Share sale to help NTPC meet minimum public float norm
-783 million shares of NTPC to be put for sale
-Empowered group of ministers (EGoM) to decide floor price, tranches for NTPC divestment

Inter ministerial group (IMG) recommendations
-Recommends bank guarantee deduction for Jindal Steel & Power 's (JSPL) Jitpur block
-IMG finalises its recommendations for about 3-4 blocks
-Recommends de-allocation for block to Bihar sponge
-De-allocation recommended for blocks allotted to Maharashtra Seamless, Electrosteel Casting, Adhunik Alloys & Power, Rungta Mines, Sunflag Iron
-IMG recommends bank guarantee deduction for 5 coal blocks
-Bank guarantee deduction recommended for blocks allotted to Jayaswal Neco, Nelaanchal Ispat, Bajrag Ispat & GVK Power-Arcelor Mittal & DB Power
 
Coal ministry accepts IMG's recommendations
-Coal ministry to de-allocate blocks allotted to SKS Ispat, Bhushan Steel
-Bank Guarantee deduction for Usha Martin , Tata Sponge Iron accepted

Coal India (CIL) board meet: Sources
-CIL approves import cost plus for meeting 80% level for fuel supply agreements (FSAs)
-No approval for pooling of prices for imported coal
-CIL board approves following incentives on linear basis
-10% incentive for coal supply between 90-95%
-20% incentive for coal supply between 95-100%
-40% incentive for coal supply above 100%

CIL board wants no ownership change in companies with FSAs: Sources
-Companies to certify no change in ownership when signing FSAs
-Clarify if companies with fuel linkages can also get coal blocks

L&T says
-Discussed power equipment sector issues with the Finance Minister
-Told finance ministry power equipment import duty not helping sector
-Want government to pursue FDI proposal for insurance sector
-Local players will also have to pay 12% excise duty
-140 power plants have been exempted from import duty
-3 ultra mega power projects (UMPPs) that are yet to be bid have also been exempted
-Will take up matter with power ministry

Suzlon Energy
-Seeks 4-month extension for repayment of foreign currency convertible bonds (FCCBs) due in October
-Says actively working to raise funds for FCCB repayment

EID Parry to hold shareholders meet on October 11 on demerger plan
-EID Parry to mull demerger of company’s sugar arm

Tata Steel receives letter of intent from Eiffage Rail for the supply of high-quality rail in France: ET
-Order value is likely to be approximately euro 50 million

Stocks Ex-Dividend
- Tata Coffee : Rs 5/share
- Zylog Systems : Rs 5/share

Other stocks and sectors that are in news today:
- SBI cuts base rate by 25 bps to 9.75% effective today (First to move after cash reserve ratio (CRR) cut by RBI)
- HCL Technologies bags 5-year, multi-million dollar deal from US based Freescale Semiconductors
- Tata Motors bags record order of 1314 trucks, deal worth Rs 225 crore: BS
-Department of divestment invites bids from merchant bankers for divesting stake in Oil India : BS
- Apar Industries to consider Board for Industrial and Financial Reconstruction (BIFR) order of amalgamation of Uniflex Cables with itself
- Motherson Sumi bonus issue in the ratio of 1:2 on October 5
-Environment ministry panel to inspect Adani Ports and SEZ at Mundra: Mint
- Dabur files a case against Amar Remedies for infringing of its product IPR: ET
- GSFC goes ex split from Rs 10 to Rs 2