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Stocks in news: JSW Steel, Peninsula, Sun TV, Punj Lloyd
JSW Steel | Peninsula Land | Adani Power | Varun Industries | Nitin Fire Protection | Sun TV | Punj Lloyd | SBI and IndusInd Bank are stocks, which are in the news today.
Punj Lloyd -To withdraw provision of additional financial support to indirect subsidiary Simon Carves due to prevailing market conditions and the financial condition of Simon Carves. -Simon Carves likely to be placed in administration
SBI -To hike base rate by 25 bps to 9.5% from July 11 -SBI to hike some deposits by up to 100 bps effective Jul 11
GoM on mines -Coal mining cos to share 26% profit with locals -MMDR Bill likely in monsoon session -GoM decision on MMDR bill to go to cabinet
Jairam Ramesh Says -Non-coal miners to share 100% royalty with locals -Coal miners to share 26% profit with locals
Chennai police summons Sun TV CFO Unnikrishnan Sun TV CFO -Asked to produce financial details of Sun Pictures -To be questioned on financial transactions of Sun Pictures -To be quizzed on alleged non-payment of Rs 83 lakh to producer
Temasek says -So far invested upwards of USD 5 billion in India -7-8% of global portfolio invested in India -Looked at MFI segment in FY10; saw early cracks -Invested over USD 700 million in India in FY11 -Divested nearly USD 500-600 million of India portfolio in FY11 -Continues to stay invested in Tata Tele, Bharti Airtel -Bullish on broad financial sector - invested in NSE, Max -Looking at infra, ports, power, healthcare services sector -Lot more active in public market, invested in Coal India, EIL -Real estate sector marred with governance issues
D Maran: Sources -D Maran to be questioned by CBI before FIR is registered -CBI to take D Maran's version on Sivasankaran's allegations -CBI may question Kalanithi Maran in connection W/2G probe
Other stocks and sectors that are in news today: -Ex Dividend: VST Industries Rs 45/sh, HUL final dividend Rs 3.5/sh, Pfizer final dividend Rs 4/sh, Tata Elxsi Rs 7/sh -Board meets today: Nitin Fire Protection to consider fund raising via QIP, rights issue, FCCBs, GDRs -F&O Ban: Kingfisher Airlines - Varun Industries to further issue 70 lakh equity shares on conversion of warrants at Rs 43.20/share -GoM approves Draft Mines & Minerals Development & Regulation Bill (MMDR Bill) - Neuland Lab board approves the rights issue of shares not exceeding Rs 12 crore - Adani Power board approved amalgamation of Growmore trade & Investment Pvt Ltd Mauritius with self - Peninsula Land to jointly develop 300-acre Thane plot, land owner to get around 22% share of revenue (ET) -RBI asks banks to reduce the pace of lending to the commercial real estate sector fearing an asset price bubble (BS) - JSW Steel to halt expansion of Vijaynagar unit until it receives approval for captive iron ore mine in Karnataka (BS) -NHAI has proposed that private companies developing expressways will have to buy land on their own could hit the feasibility of over 18000 km of expressway projects (FE) -Fuel retailer's losses set to halve in Q2 on the back of price hike & easing crude prices (FE) -International Coal Ventures plans to acquire 24% stake in Singapore based MEC Coal faces fresh hurdles with NTPC against investing in a holding firm wants bank guarantee for payment (Mint)
