Stocks in news: Apollo Tyres, Financial Tech, Federal Bank
Apollo Tyre | Fortis Healthcare | Financial Technologies | MCX India and Federal Bank are stocks, which are in the news today.
August 21, 2013 / 11:26 IST
Here are stocks that are in news today:
Results Today: Kalindee Rail, Arshiya InternationalRBI moves (bank stocks, bond yield to be in focus)
-Announces measures to address market conditions
-To conduct open market operation (OMO) buy of long-dated Gilts of Rs 8000 crore on Friday
-To calibrate issue of cash management bills including scaling down
-To keep money market rate around marginal standing facility (MSF) till forex volatility eases
-To ensure liquidity tightening doesn't harden long-term yield
-Banks incurring mark-to-market (MTM) losses due to long-term yields hardening
-RBI has right to decide amount of individual gilt buys under OMO
-Eases some NRI investment norms under portfolio investment scheme RBI says
-Banks can retain statutory liquidity ratio (SLR) bonds in held to maturity (HTM) category at 24.5 percent
-Banks can transfer SLR bonds to HTM from available for sale (AFS) as one-time measure
-Banks can transfer gilts from AFS to HTM based on July 15 price
S&P on India:
-Maintains negative outlook on India’s BBB- sovereign credit rating: Reuters
-Too early to say if long-term growth prospects will weaken on sustained basis
RBI says
-FIIs cannot buy more shares of Federal Bank
-FII share purchases in Federal Bank reach trigger limit of 49 percentNational Spot Exchange (NSEL) says (Financial Technologies and MCX India in focus)
-To disperse Rs 92.12 crore in a proportionate manner
-9 entities did not pay-in
-15 entities deposited Rs 92.73 crore
Alert: Juggernaut project paid Rs 60 lakh after deadline
-Anjani Sinha removed as CEO & MD, pending enquiry
-Shashidhar Kotian removed as CFO, pending enquiry
-6 heads of departments (HODs) removed from current assignment, pending enquiry
-Conducting a special investigation under the officer on special duty (OSD)
-OSD to identify lapses in operations
-OSD to suggest corrective actions for recovery of dues
-PR Ramesh as OSD to exercise all powers of CEO
-PR Ramesh will report to the board directly
-Appointed SGS to assess quality & quantity of goods in warehouses
-Expect SGS work to be over by end of the month
-Will take legal & regulatory measures on non-compliance on warehouse collaterals
-Appointing a well-known global audit firm for forensic audit
-To finalise the appointment of audit firm by FridayForward Markets Commission (FMC) writes to NSEL board
FMC says:
-Serious doubts on credibility & intention of NSEL
-Doubt NSEL's intention in outstanding trade settlement
-Cannot hold directorship or shareholding in other COMMEX
-If board loses status as fit & proper, to impact other COMMEX
-Jignesh Shah raised doubts on availability of stocks
-Lack of stock shows complete failure of system at NSEL
-Board must take complete responsibility for settlementControl of FMC to move to finance ministry; decision may be via executive order: Sources
-Control of MCX to also shift to finance ministry
-Proposal at final stages, decision likely in next 3-4 days
-Proposal was originally mooted in 2005
-Prime minister's office (PMO) keen that admin failures w.r.t commodity markets be addressed quicklyFMC to NSEL on Indian Bullion Market Association (IBMA)
-To make proportionate payment to all members including IBMA
-Distribute amount received till yesterday proportionately
-Payment to IBMA subject to conditions
-Payment to genuine IBMA members who cleared trades
-Withhold amount due to defaulted members
-Withhold amount to its entities
-VAT receivable, exchange fund utilization not to be used
Alert: NSEL fails to meet the first payout obligation entirelyCNBC-TV18 Exclusive: Finance ministry sources say
-Examining possibility of department of economic affairs (DEA) overseeing commodity exchanges
-Finance ministry to respond to possibility of DEA oversight in day or two
-Consumer Affairs Ministry will have to move cabinet note if government decides oversight be given to finance ministryDoT issues Unified License (UL) migration policy
-Mandatory for telecom companies to migrate to UL on license renewalTelecom Data
-India July GSM user addition at 14.9 lakh versus 35.7 lakh (MoM)
-Bharti Airtel adds 4.76 lakh subscribers in July versus 12.6 lakh (MoM)
-Vodafone loses 6.1 lakh subscribers in July versus 3.47 lakh (MoM)
-Idea Cellular adds 3 lakh subscribers in July versus 12 lakh (MoM)
-Uninor adds 4.63 lakh subscribers in July versus 2.95 lakh (MoM) Industry moves to frame new definition of sport utility vehicle (SUV): CNBC-TV18 Exclusive sources
-Move afoot after higher excise levy on SUV
-Industry forms panel to define sports utility vehicle
-Panel being headed by Fiat MD Gurpratap Boparai
-'SUV' report to be put before SIAM's executive council meet
-'SUV' definition to be proposed to roads & transport ministry
-SUV definition to be discussed by Central Motor Vehicles Rules (CMVR) technical standing committee
-New definition may be included in CMVR actOther stocks and sectors that are in news today:
-Apollo Tyre's Cooper acquisition facing opposition from Chinese workers: ET -Intec Capital open offer at Rs 109/share
-FDI in Pharma: Department Of Industrial Policy & Promotion (DIPP) to circulate draft cabinet note this week: PTI
-Fortis Healthcare completes divestment of subsidiaries in Singapore for USD 80 million Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
