Here are stocks that are in news today:
Group of Ministers on Coal Regulator bill postponed again: PTI
-GoM was to meet today to deliberate on draft coal regulator bill: PTI
Finance Ministry: Sources
-Concerned on over-estimation of oil marketing companies (OMC) under-recoveries
-Looking at all business operations of state oil companies
-To suggest possible corrections
-Evaluating if under recoveries lower than OMCs’ estimates
-Not keen on lowering OMC compensation for FY13
Alert:
-OMCs say under recoveries at Rs 1.6 lakh crore
-Finance Ministry has given Rs 30000 crore so far
-Finance Ministry keen on meeting 5.3 percent fiscal deficit target
ONGC sources say:
-Should accept Rangarajan Panel's recommendations on gas pricing
-Current gas pricing driving away investors
-Depressed gas pricing behind falling output in India
-Sectors like power to benefit from remunerative gas price
CCI modifies apartment buyer’s agreement in DLF case
CCI on DLF:
-CCI orders DLF to fork out same penalties as it charges
-CCI bars DLF from selling parking slots
Alert
-DLF levied 15-18 percent interest for payment delays by buyers
-DLF gave Rs 5 per sqft or 1 percent per year for delay in project delivery
-DLF sells each parking space for approximately Rs 3 lakh
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Tata Power
-Company's arm stops power supply to 3 Rajasthan distributions companies
-3 Rajasthan distribution companies take 10 percent of Mundra power
Banking Secretary says
-To seek cabinet okay for Rs 12,000 crore fund infusion in PSU banks
-To float cabinet note on exemption from cabinet nod for cap infusion
-LIC 1959 act will supersede Insurance Act 1999
Schneider Electric - Open Offer
-To acquire 6.22 crore shares at Rs 83.10/share
-Offer opens January 4, closes January 17 (CMP Rs 83.60/share)
Other stocks and sectors that are in news today:
- ONGC pays interim dividend of Rs 2,961 crore to govt for FY13
- L&T IDPL, Gammon Infra , IL&FS Transportation , GMR Infra in race for Rs 21,147 crore Mumbai rail corridor project: BS
- HDFC Bank buys 1.3 lakh sq ft commercial space in Peninsula business park for Rs 220 crore: ET
- Bajaj Hindusthan quits Rs 10,000 crore 1980MW UP Power project: FE
-Nemish Shah and Akash Bhansali (of Enam) acquires 24.3 lakh shares (12.6 percent stake) in Zodiac Clothing at Rs 173/share
- Hindustan Dorr-Oliver bags 2 orders worth Rs 277 crore from GSFC
- Deepak Fertilisers ' workers at Maharashtra plant on strike from January 3rd over disciplinary action and wage issues
- Ramkrishna Forgings to issue preference shares to IFC, promoter, plans to setup USD 97 million project in Jharkhand (CMP Rs 105.30/share, Market Cap Rs 199 crore): BL
Oil Ministry
-Announces steps for better gas usage by power plants
-Notifies steps to divert gas among power plants of 1 company
-Notifies steps to club gas among power plants of 1 company
-Flexibility in gas utilisation to enhance power generation
-Clubbing/diversion should not be for more than a year
-Power plants need NOC from Discoms for diverting gas
Inter-ministerial group (IMG) to study TRAI recommendations on government's entry into TV Broadcast: PTI
Alert: Information and Broadcasting ministry to decide further action post IMG report
