Stocks in news: Financial Tech, HDIL, Sesa Goa, Oberoi, CIL
Financial Technologies | HDIL | Gammon India | CCL Products | Simbhaoli Sugars | Oberoi Realty | Sesa Goa | Sterlite Industries and Coal India are stocks, which are in the news today.
August 19, 2013 / 10:57 IST
Here are stocks that are in news today:
Investor association files PIL against National Spot Exchange (NSEL) in Bombay HC: Sources
-PIL filed since NSEL failed to settle trades in commodities markets
-PIL seeks FMC/relevant authorities to take immediate custodyPIL seeks:
-Control of commodities stated to be lying in warehouse
-Commodities in warehouse to be treated as collateral vs borrowings
-MCA, Finance Ministry, Forward Markets Commission (FMC), SEBI to disclose value of commodities lying in warehouses
-FMC/relevant authority to take charge of day to day administration of NSEL
-FMC/Authority to appoint administrator to immediately take possession, custody, seize assets including bank account details of top 25 borrowers
-SEBI to examine if brokers, AMC, portfolio management services violated any registration conditions
-FMC to pass orders to stop them from selling/ liquidating or alienating their assetsFMC chairman:
-Not satisfied with NSEL’s pay-in, pay-out schedule
-NSEL has to shorten payment period
-NSEL has to make its defaulters list public
-Escrow account details have to be made public dailyNSEL Investors meet Jignesh Shah & Joseph Massey: Sources
-Jignesh Shah assures NSEL that he will repay all investors
-Jignesh Shah sought help from investors for repayment
-Investors have hired law firm to advice on next steps
-Investors plan to meet top government officials to seek action
-Investors doubt claims over settlement guarantee fund
-Investors allege settlement fund has negligible amount
-NSEL has 17,000 direct investors via brokerage accounts
-Investors & brokers have total exposure of over Rs 5,500 crore to NSEL
-9 top brokerages have Rs 2,500 crore of exposure to NSEL
-Investors comparing NSEL to Satyam fiasco; want MCA to step in
-Investors not yet fully convinced about repaymentSesa Goa says all-share merger of Sterlite Industries and company becomes effective
Anil Agarwal appointed Chairman of Sesa Sterlite
-Navin Agarwal appointed executive vice chairman of Sesa Sterlite
-MS Mehta appointed CEO of Sesa SterliteCoal India (CIL) unions to strike work on September 23-25
-5 CIL unions met Sunday at Ranchi on strike call
Alert: Centre for Indian Trade Union (CITU) led union had issued strike notice to CIL
Alert: CITU notice threatened strike between September 19-21
-Unions seek resolution of service related issues
-Want superannuation as per central government rules
-Unions upset Coal Ministry brass not taking matters seriously
-Unions okay with 5 percent divestment in Coal IndiaUB group says
-Goa senior division court granted interim injunction against action by Kingfisher Airlines (KFA) lenders
-Injunction in context to company’s Goa property leased to United Spirits
-KFA lenders sent notice under Sarfaesi Act w.r.t. Property
-Company has responded to the notice issued by KFA lenders
-Responded purportedly under Sarfaesi Act challenging noticeOberoi Realty (CMP Rs 183, Market Cap Rs 6000 crore): Sources
-Promoters to sell 3.5 percent stake via offer for sale (OFS)
-Sell of shares to aid company comply with minimum public shareholding norms
Alert: Oberoi Realty promoters hold 78.49 percent stake in the companyKarnataka Bank:
-Raises rates on some deposits by 25-50 bps
-New rates also applicable on NRE term depositsAndhra Bank:
-Ups base rate by 25 bps to 10.25 percent w.e.f. today
-Ups benchmark prime lending rate (BMPLR) by 25 bps to 14.50 percent w.e.f. today Department Of Industrial Policy & Promotion (DIPP) to move cabinet note on brownfield pharma FDI norms: Sources
-Brownfield Pharma FDI norms to be prospective in nature
-DIPP to propose strict FDI conditions for few Pharma verticals
-Pharma verticals includes vaccines, oncology Injectables, APIMylan will have to adhere to 3 FDI conditions
-Vaccine must be maintained at highest level seen in past 3 years
-R&D expenses at time of deal must be maintained for 5 years
-Foreign Investment Promotion Board (FIPB) will have to be given information on transfer of technologySC adjourns hearing in 2G case till August 21
-SC adjourns Mittal, Ruia plea seeking summons quashing till August 21Simbhaoli Sugars Q1FY14 Consolidated YoY
-Total income at Rs 305 crore versus Rs 174 crore
-Net loss at Rs 42 crore versus net loss at Rs 20.5 croreCorporate Actions: Ex-dates
-CCL Products- Bonus 1:1; stock split - Rs 10 to Rs 2/share
-Godrej Properties: Rights - 8:29
-Syncom Formulation: Bonus 5:2; stock split - Rs 10 to Re 1/shareOther stocks and sectors that are in news today:
-Government clears stalled infrastructure projects worth Rs 1 lakh crore: ET
-Tata Starbuck plans 100 cafes by next year
-Crisil open offer subscribed 15 percent
-Mundra UMPP likely to see 56-58 paise tariff hike: Reports
-Asahi India rights issues at Rs 30/share, ratio 13:25
-ICICI Bank hikes rates on some deposits by 25-75 bps
-Gammon India: Promoter Abhijit Rajan ups stake in company to 5.99 percent from 1.01 percent
-Stock in F&O ban: HDIL; Financial Technologies out of F&O ban 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!
