Here are stocks that are in news today:
Fuel price hike (Government finally bites the bullet)
-Hikes diesel prices hiked by Rs 5/litre ( BPCL , HPCL , IOC , O NGC in focus)
-Caps subsidised LPG to 6 cylinder/family/year
-Decided not to hike kerosene prices
-Decided not to increase price of petrol (cut excise by Rs 5.3/Litre)
Government accepts inter ministerial group (IMG) recommendations to de-allocate four coal blocks
Coal Ministry says
-IMG to examine remaining cases at next meeting on September 14
-IMG to further meet as may be required for completing recommendations
-To accept final report on coal blocks at best by Monday
Deallocated blocks
-Have over 100 million tonnes of coal reserves
-Two firms each from Maharashtra and Jharkhand
-Field mining and Ispat blocks changed hands, sold to KSK Group
-Monnet Ispat’s Utkal block has 106 million tonnes reserves
Coal Minister Sriprakash Jaiswal says
-IMG has given recommendations on the basis of performance of blocks
-Have accepted recommendations of IMG on coal blocks
-Expect final report of 58 coal blocks in 4-5 days
-Have no knowledge on review of Jitpur and Lohari coal blocks
Alert
-IMG recommended Usha Martin and JSPL block deallocation in August
-Jitpur block allotted to JSPL, Lohari allotted to Usha Martin
Today’s IMG meet expectation
- Tata Steel , Reliance Power coal blocks may be reviewed
- Bhushan Steel block up for review
-IMG may finalise recommendations on 10 blocks
-IMG may discuss Nerad Malegaon and New Patrapara coal blocks
Cabinet committe on economic affairs (CCEA) meet today
-May mull divestment in 5 PSUs on today
-To divest 9.59% in Hindustan Copper , 10% in Oil India , 12.5% in NALCO and 5% in Neyveli Lignite
Supreme Court order to Essar Oil
-Pay Rs 5200 crore tax dues in 8 tranches
-Pay tax due to Gujarat in quarterly tranches
-Pay 10% interest on dues from January 2012
IRB Infrastructure block
-Promoters (D Mhaiskar) sells 1.75 crore shares (approximately 6% equity) at Rs 123/share
-Promoter Dattatray Pandurang Mhaiskar sells 47.98 lakh shares (1.44% equity) at Rs 123.05/share
-Promoter, Ideal Toll and Infrastructure Pvt Ltd sells 81.15 lakh shares (2.44% equity) at Rs 123/share
-HSBC Global Investment Fund A/C- India Equity Fund buys 35.39 lakh shares (1.06% equity) at Rs 123/share
Department of Telecommunications (DoT) issues order against 7 Mumbai companies over high radiation levels
-Companies Include Reliance Communications , Tata Teleservices (Maharasthra), Bharti Airtel , Vodafone, Idea Cellular , Aircel, Loop Telecom
Grasim Industries to partner Japan based Omikenshi Company
-To develop international markets for rayon products
Government says
-Will reduce oil marketing companies (OMCs) under-recovery by Rs 20300 crore
-Branded diesel fuel to be sold at market rates
-PSUs to save Rs 5.3/litre on petrol excise duty cut
-PSUs to save Rs 5300 crore on cap on subsidised LPG
-Revised price of diesel in Delhi to be Rs 47/litre
-Oil companies to lose Rs 1.03 lakh crore on diesel sale in FY13
-PSUs to notify price of non-subsidised LPG on monthly basis
-Diesel price hike of Rs 5/litre is exclusive of VAT
Stocks Ex-dividend
- ONGC : Rs 2/share
- Andhra Sugars : Rs 7/share
- Chettinad Cements : Rs 7.5/share
- MCX : Rs 6/share
Other stocks and sectors that are in news today:
-Cabinet to consider FDI in aviation, broadcast sectors today: BS
-Mylan in talks to buy part of SMS Pharma ’s business: FE
- Ranbaxy says to invest USD 40 million to set up manufacturing unit in Malaysia
- Lupin gets US FDA nod for Generic Lexapro tablets
- Orissa Minerals Development Company (OMDC) board rejects bonus share issue
- Karnataka Bank board to mull raising of funds via rights issue today
-Religare Finvest to raise Rs 500 crore via NCDs, issue opens today
- Hinduja Global buys healthcare IT operations of Deloitte Consulting in all-cash deal
- Mawana Sugars to sell 49% stake in Siel Industrial for Rs 135 crore
- KGN Enterprises board to mull issue of convertible warrants to promoters on a private placement/ preferential basis
-Ex Right: TV 18 Broadcast - 41:11 (Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group)
