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Stocks in news: Infosys, SpiceJet, Essar Oil, Madras Cem
Infosys | JSPL | GVK Power | SpiceJet | Essar Oil | Karuturi Global | Chowgule Steamships | BPCL | Madras Cements | Arvind | BF Utilities | Gitanjali Gems | JSW Energy and Geojit BNP are stocks, which are in the news today.
Bank base rates - HDFC Bank hikes base rate, prime lending rates by 25 bps - Union Bank of India hikes base rate by 25 bps to 10.25% - Oriental Bank ups BPLR, base rate by 25 bps effective today
FDI in retail: Exclusive sources -Planning committee supports 51% FDI in multi-brand retail -Department of consumer affairs wants only 49% FDI -Finance Ministry will share views on multi-brand FDI at CoS meet
EGoM: Exclusive Finance Ministry sources -EGoM on Tuesday to discuss cap on subsidised LPG cylinder -Panel had proposed capping subsidised cylinders at 4
Other stocks and sectors that are in news today: - Essar Oil owes USD 2 billion to Iran for oil imports since late December when RBI ended long standing payments mechanisms for refiners (Mint) - Madras Cements in talks with Lafarge & holcim to divest its cement grinding unit in West Bengal for roughly Rs 350 crore (TOI) - BPCL lines up investment of Rs 50,000 crore to expand its capacities in refining, retail & upstream projects (TOI) -F&O Ban: Kingfisher Airlines - Karuturi Global board meet today to decide opening date of GDR issue - Chowgule Steamships revokes 29 lakh shares of promoters representing 7.99% equity - Essar Oil bets big on coal bed methane gas, looking for aggressive acquisitions both in domestic & local arena (ET) - SpiceJet to delay its regional routes as company waits for the RBI nod for USD 250 million funding to buy Bombardier Q400 - ET - SBI holds on to its plan to acquire a stake in Tata Motors finance following objections raised by RBI - BS -5 firms including JSPL , GVK Power may lose coal blocks if the production process doesn't go underway - FE