Dr Reddy’s Labs | 3i Infotech | Monnet Ispat | Dabur | Mastek | Zuari Industries | IRB Infra | GVK Power | Tech Mahindra | Reliance Communications | RIL | REC | Bharti Airtel and Idea Cellular are stocks, which are in the news today.
Government sources -General budget to be presented on February 29, 2012 -UP election schedule will not impact general budget -UP elections end on February 28, 2012
TDSAT hearing dot to file reply by next Saturday -TDSAT stays DoT 3G roaming ban order -No coercive steps to be taken against companies until order -TDSAT to hear matter on January 3
Telcos to TDSAT -Decision to ban 3G intra circle roaming arbitrary -Not issued showcause notice; no hearing given -5 telcos paid around Rs 67,000 crore for 3G spectrum -5 telcos include Airtel , Vodafone, Idea , Tata & Aircel -DoT said intra circle roaming governed by license -Telecom license contemplates intra circle roaming -2008 roaming policy permits intra circle roaming -Auction held for 3G spectrum, not for license -No separate 2G & 3G license -Holding telecom license was prerequisite for 3G bidding -Telecom license is tech neutral; allows all services -There is one pan-india telecom license
Other stocks and sectors that are in news today: -IIFCL may get Rs 10 billion fund infusion soon: ET -REC firms up plan to raise up to USD 600 million through FCCBs: Mint -Oil Ministry to cap RIL's spend on developing new KG-D6 gas fields: ET -New telecom policy regime likely by June 2012: Ministry: ET -FCCB payout may put pressure on Reliance Communications for tower stake sale: ET -Oil marketing companies (OMCs) may raise petrol prices by Re 1/litre next month -GVK Power: Changi to buy 26% in company's airport business for Rs 2200 crore -Tech Mahindra: BT Group to wait for Tech Mahindra-Satyam merger before stake sale -IRB Infra: NHAI terminates concession agreement of four laning of Goa/ Karnataka border to Panaji -Zuari Industries: To buy rock phosphate Latin American mine through a JV with Japan's Mitsubishi -Mastek: Bombay HC approves scheme of amalgamation of Keystone Solutions Pvt Limited with Mastek -SBI, BoB to raise NRE Deposit rates: BS -Maharashtra Govt refuses aid to sugar mills seeking fixed cane purchase, export grant -Coal Ministry gives go-ahead to new pricing mechanism to bring Indian coal prices at par with international prices -Power producers not selling electricity at regulated prices should not get gas supply: Petroleum Ministry -Dabur to write off Rs 45 crore loss of fully owned retail subsidiary, H&B stores -3i Infotech plans to raise Rs 1,000 crore via securities -Monnet Ispat to buy back shares worth Rs 100 crore -Orissa Govt may clamp down on charges of illegal iron ore mining: ET -Dr Reddy's splits marketing division to boost domestic business: ET -Alfa Lava: Interim dividend Rs 30/share -F&O ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya
