Draft Banking Licence - Reactions -Finance Secretary says broking companies left out to avoid conflict of Interest
Sunil Godhwani of Religare Enterprises -Our expectations have not been dashed -Draft guidelines throw up points for discussion -Would like to see more clarity on foreign shareholder coming in -We can align our business to meet regulatory intent if needed
BMR Advisors -RBI will exercise discretion while granting licenses
Ajay Srinivasan -RBI guidelines are a good step for financial inclusion
M&M Finance says -New banking guidelines very balanced -Prima facie we qualify for banking license -'Have said we are interested in promoting a bank'
L&T Financial Services says -We seem to be meeting guidelines for banking licence -Banking guidelines along expected lines
ONGC FPO likely to hit markets on September 20 -ONGC FPO road shows likely to start on September 5 -ONGC likely to file FPO documents by September 8
SC adjourns Sanjay Chandra bail plea hearing -SC to hear Chandra's bail plea again on September 5
Man Industries spat -Both parties exchange proposal for possible settlement -Settlement formula proposes 1 party buying other party shares -RC Mansukhani offers Rs 140/sh to buyout JC Mansukhani's shares -CLB reserves order after hearing both party arguments Other stocks and sectors that are in news today: -CCEA to take up BHEL 5% FPO on Tuesday -Atlanta in talks with IIFCL, SBI, UBI and Hudco to raise Rs 700 crore debt for its 117 km road project (ET) -BPCL eyes Maharashtra & Karnataka to setup a land liquefied natural gas terminal with an investment of around Rs 4500 crore, with a capacity of 5-6mt (BS) -Reliance Broadcast in talks with PE players to raise Rs 300-400 crore through a fresh equity issue (FE) -NCC to monetize its land to finance projects by leveraging 400 acres of land valued at Rs 400 crore (DNA) -DLF clarifies on the sale of its IT Park, that the company is still exploring various strategic options on the sale of its park stake -BGR Energy bags order worth Rs 444 crore from Nuclear Power Corp of India -Asian Granito India to consider raising of fund by way of preferential issue -Ex Dividend: Gujarat State fertilizers & Chemicals Rs 7/sh, REC Rs 4/sh, Neyveli Lignite Rs 2.3/sh -F&O ban: ABG Shipyard
