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Stocks in news: Hotel Leela, SpiceJet, HOEC, Nalco, Bayer

Hotel Leela | SpiceJet | HOEC | Cholamandalam Investment | Nalco | Manaksia | Bayer | 3i Infotech and PC Jeweller are stocks, which are in the news today.

December 27, 2012 / 09:13 IST
     
     
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    Here are stocks that are in news today:


    PC Jeweller listing today
    -Issue price at Rs 135 (grey market premium Rs 2-3) (stock expected to be volatile)
    -Overall subscribed 6.85 times; QIBs: 7.33 times, non institutional investors: 18.12 times, retail 1.68 times


    Rangarajan Panel: Sources
    -Comptroller and Auditor General (CAG) audit can be done once in 2 years
    -CAG empanelled firms can audit in remaining years
    -CAG audit in accordance with 'financial materiality'
    -No need to request CAG for special audit each time
    -CAG audit carried out must be strictly as per PSC
    -Blocks audit without discoveries by accounting firms
    -ECS to reconcile minor disputes between government and companies


    Rangarajan panel: NW18 Sources
    -In favor of more sops and 10-year tax break to ultra-deep blocks
    -In favor of 5-year review of fiscal regime for oil & gas blocks


    Planning Commission Deputy Chairman Montek Singh says
    -Will present the 12th plan before National Development Council (NDC) today
    -'Growth rate below than what we expected few months ago'
    -May scale down 12th plan GDP growth target to 8 percent
    Alert
    -12th plan currently targeting 8.2 percent annual GDP growth


    Also Read: Market watch: Cues that will help you trade better

    Other stocks and sectors that are in news today:
    -RIL to buy Hotel Leela’s business park to house its 4G operations for Rs 172 crore: FE
    -SpiceJet gets shareholder nod to raise Rs 145 crore through issue of debentures to Kalinithi Maran
    -ENI looking to sell its 47.2 percent stake in Hindustan Oil Exploration to US based Anadrako Petroleum: BS (CMP Rs 100, ENI looking to sell stake at Rs 130-140/sh): BS
    -Union Bank board meets today to consider raising funds via preferential allotment/QIP/right issue
    -Toyota agrees to USD 1 billion US settlement: Japanese car maker agrees to settle legal claims launched by US vehicle owners affected by a series of mass recalls
    -Cholamandalam Investment and Finance company board meet today to consider raising funds
    -Nalco to cut more capacity due to higher price on imported coal and e-auction coal: BS
    -NMDC is eyeing an iron ore mine in Brazil, no other details were disclosed: ET
    -PFC's Rs 4590 crore tax-free bond issue closes today
    -L&T Infra to issue secured, redeemable NCDs of Rs 450 crore via private placement
    -Power & Coal Ministries likely to discuss Sasan Project's excess coal usage today: PTI
    -Rangarajan panel no need for CAG audit of RIL's CBM Blocks: PTI
    -Corporation Bank to issue unsecured Tier - I worth Rs 200 crore on private placement basis
    -Govt to announce new guidelines to revive SEZs by January-end
    -Manaksia board meets today for considering restructuring plans of company
    -Bayer set to sell off Powai HQ for over Rs 90 crore: TOI
    -RBI proposal may put 70% NBFCs out of business, Usha Thorat panel moots Rs 25 crore minimum asset size: ET
    -Wheat MSP raised by Rs 65/quintal to Rs 135, also exports of 2.5 million tones of wheat was allowed to export
    -3i Infotech allots 15.4 lakh shares to Copthall Mauritius against conversion of FCCBs (CMP Rs 8.8 per share)

    first published: Dec 27, 2012 08:17 am

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