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Stocks in news: JSW Steel, Ansal Prop, Dunlop, DLF, RIL
DPSC | Ansal Properties | Dunlop | DLF | RIL | Reliance Infra | Indiabulls Real | DHFL | Electrotherm | JSW Steel | Kingfisher and M&M Financial are stocks, which are in the news today.
Advance tax numbers - tax officials say -Hindalco pays Rs 200 crore versus Rs 200 crore (YoY) -GSK pays Rs 80 crore versus Rs 90 crore (YoY) -M&M Financial pays Rs 103 crore versus Rs 89 crore (YoY)
Aviation Secretary says -Govt working on new civil aviation policy -New policy to factor in needs of sector over next decade -Have 5 months to complete new civil aviation policy -New policy to encourage private sector investments -Policy to encourage setting up air cargo promotion board
SBI Chairman says -More worried about Kingfisher than Air India -More work needs to be done on Kingfisher Airlines accounts -SBI alone cannot take a call on KFA debt restructuring -KFA debt restructuring needs to be discussed by a bank comm
SBI Head says -Cash infusion worth Rs 3,000-4,000 crore around the corner -Form of govt fund infusion not yet finalised -RBI not to cut rates immediately as inflation high
JSW Steel set to lose Rs 529 cr paid as initial deposit for preferential warrants, due for conversion today - ET (CMP: 529, conversion price was Rs 1210 (Trading at 55% discount) -The promoters are set to loose the up front initial payment of Rs 529 crore, which was paid on June 16, 2010 -This as they will not be converting their warrants owing to price erosion and will not pay the remaining Rs 1,588 crore
UK regulator turns heat on illegal investment arm by ADAG - FT reports -ADAG says its not part of proceedings in UK, matter closed with Indian regulators through consent order
Other stocks and sectors that are in news today: -PM says FDI in retail after March -Finance Ministry now against urea decontrol (FE) -Saint Gobain to acquire Electrotherm's iron pipes business for Rs 950 crore -DHFL board meet today to consider & approve raising of funds via ADR/GDR/FCCB -Indiabulls Real board meet today to consider the proposal of buy back -Reliance Infra plans to auction power transmission company; move aimed at fund raising (ET) -Thaw in Govt-RIL relations as company willing to surrender part of KG-D6 block in line with national auditor's report (ET) -Govt seeks to tweak laws for faster PSU stake sale (Mint) -DLF set to ink Rs 900 crore Pune SEZ deal with Blackstone -Vijay Mallya seeks quick decision on Kingfisher plea to import ATF directly to save local taxes (ET) -Worli's Dunlop house up for sale for Rs 400 crore (TOI) -Ansal Properties free upto 20% of pledged stock to 77.63% - DNA (Alert: promoter had earlier pledged 97.74% of its stake) -DPSC: Bonus issue 22:1, stock split from Rs 10/sh to Rs 1/sh -F&O ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya
