Govt sources say -Decision on ATF direct import to be taken in next 3-4 days -Vijay Mallaya met DFGT officials on ATF Import issue -3 options being considered on direct import of ATF -Oil Ministry not in favor of direct import of ATF -Oil Ministry feels PSU's to be impacted by direct ATF import
FM says -Difficult to meet FY12 fiscal gap target of 4.6% FM on farm sector -Reforms must in agriculture pricing -Seek rationalization of different subsidies -Seek decentralization of handling of food grains -Tax exemptions to cooperative societies -States remove mandi & purchase tax on dairies
Hilton says -JV's with Oberois and DLF have been a good experience -Economic situation was different when DLF JV was launched -Remain in great terms with DLF -Will be in talks with DLF if it re-enters hospitality -Expect to have 50 hotels in next 5 years -Strategy to work with multiple partners in India -Will grow in India via Management contracts
Other stocks and sectors that are in news today: -Thomas Cook puts India arm on the block - ET (Thomas Cool PLC this week pledged its entire holding with RBS) -SBI cuts processing fees for home loan by half to garner a larger market share - ET -Steel, cement and power companies oppose Coal India's new pricing policy - ET -Reliance Communications in loan talks with China's CDB - reports -Titagarh Wagons plans foray into shipbuilding - DNA -Goldman Sachs says IRB Infra masked aircraft buy, management says there is no reason to disclose, will complain to SEBI - DNA -In F&O Ban: Aban Offshore, ABG Shipyard, Punj Llyod, Ruchi Soya and Gitanjali Gems -Genus Power board approves restructuring proposal
