Here are stocks that are in news today:
Single brand retail press note approved by DIPP
Press Note says
-100% FDI allowed in single brand retail via government route
-Above 51% mandatory sourcing from SME’s
-SME’s defined as industries with Investments not exceeding USD 1 million
FICCI says
-Welcome 100% FDI in single brand retail
-Hopes FDI in multi-brand retail comes before budget
-FDI in aviation 'better late than never'
-Sugar industry hopes it will be decontrolled in budget
Home Ministry has no objection to Aviation FDI proposal
-All Ministries supportive of Aviation FDI proposal
-Only issue regarding takeover code & impact on proposal
-Final aviation cabinet note after takeover code exemption
Amtek India Q3FY12 YoY
-Revenues up 41% at Rs 481 crore vs Rs 341 crore
-PAT at Rs 33.3 crore vs Rs 24.8 crore
-OPM at 29.9% vs 28.4%
QoQ
-Revenues up 5% at Rs 481 crroe vs Rs 459 cr
-PAT down 17% at Rs 33.3 crore vs Rs 40 crore
-OPM at 29.9% vs 30.3%
SEBI
-Tightens accountability of BRLMs w.r.t to past issue performance
-BRLMs require to disclose track record for 3 financial years
Telenor says
-Investments in Uninor thoroughly tested through FIPB Process
-Have applied for permission to further invest in India
-Despite diversions, core issue is securing Uninor's funding
Other stocks and sectors that are in news today:
-RBI dashes CRR cut hopes in bankers meet yesterday
- Akzo Nobel shareholders (ICICI Pru, LIC, SBI MF, Bajaj Allianz) oppose merger plan of 3 subsidiaries, feels valuations skewed in favour of 3 unlisted entities – ET
- Pratibha Industries puts Saw pipes biz on the block for Rs 110 crore – FE
- GTL Infra Director Prakash Ranjalkar steps down
- Gravita India to set-up a used car battery recycling plant in The Republic of Trinidad & Tobago
- Genus Power to consider restructuring proposal today
-F&O Ban: Aban Offshore, ABG Shipyard, Ruchi Soya and Gitanjali Gems
-Just 40% of India Inc’s forex loans are hedged – ET
