CNBC-TV18 exclusive ((could be big positive for real estate)) -DIPP (Department of Industrial Policy & Promotion) proposes removing 3-year lock-in for FDI in realty sector: Srcs -Lock-in period was a cautionary move against speculation: DIPP sources -No sector besides defence has a lock-in period: DIPP Srcs -Portfolio investments also don't have lock-in period: DIPP Srcs -Draft cabinet note for removing lock in circulated: Srcs
CNBC-TV18 exclusive -DOT (Department of Telecommunications) suggests bringing IP-I Telco's under license fee: Srcs -IP-I Telco's do not pay any license fee: Srcs -Alert: IP-I: Infra provider companies that provide towers, fibre, right of way to mobile companies' -Alert: Leading IP-I companies include Bharti Telesonic, Bharti Telenet, Reliance Infocomm Alert: Leading IP-I companies include RailTel, Aksh Opti, BSES, PowerGrid, Sify, GTL Infra, TCIL
Cupid Q2 -Net loss at Rs 84 lakh versus loss of Rs 1.4 crore -Net sales at Rs 1.3 crore versus Rs 3.1 crore -Operating loss at Rs 13 lakh versus Rs 74 lakh
Board meets today -MphasiS Q4 results -REC to approve audited numbers for FPO -NHPC with no specific agenda -Avaya Global for Q4 results
Other stocks that are in news today: -Hindalco to raise up to $600 million via QIP, includes $250 m greenshoe option -New listing: DEN Networks -Sajjan Jindal says: JSW Energy's Rs 2,700 crore IPO to open on December 7, close on December 9 -Moody's: LyondellBasell deal may put downward pressure on RIL rating -In T2T from November 27: BPL, Hindustan Motors, Golden Tobacco, Maral Overseas, Vishal Retail, XL Telecom ((BSE, NSE get cracking on latest liquid movers without fundamentals)) -HCL Technologies signs deal with Equitable Life for $200 million, deal starts March 2011 -RIL remains in focus: Goes ex-bonus (1:1) on November 26 ((Today and tomorrow last 2 days of cum bonus)) -Amar Remedies defers decision on preferential allotment -Anadarko Petroleum finds oil in Brazil's BMC 30 block; BPCL arm and Videocon together hold 25% stake in BMC 30 -Indian ADRs: Patni up 5.5%
