Digitisation deadline may be extended by at least 3-4 months: Sources -Information and Broadcasting (I&B) ministry expected to make an announcement early next week -New I&B notification may extend deadline to October 28
SBI to reduce lending rates to exporters soon - PTI SBI says -RBI may cut policy rates in FY13 to boost growth -See Company's loan growth at 16%, deposit growth at 20%
Mines Ministry to EGoM -To dilute government's stake in Hindustan Zinc (HZL), Balco to Sterlite Industries soon - PTI -Alert Government holds 29.54% stake in HZL and 49% in Balco
Fitch -Downgrades NHPC to negative from stable -Affirms NHPC long term foreign & local currency rating at 'BBB-'
Karnataka HC: PTI -Reserves order in illegal mining case for Thursday -Defers BS Yeddyurappa's anticipatory bail plea to Thursday
Other stocks and sectors that are in news today: -Government likely to impose a 21% duty on imported power equipment: (ET) (5% basic, 12% countervailing, 4% special additional duty) -L&T, Tata and HCL in race for Rs 10,000 crore defence deal, they will compete against Bharat Electronics: (BS) -Allcargo Logistics approves buyback at maximum Rs 142.5/share -Akzo Nobel India defers buy back buy to July 2 -Godrej to launch fifth phase of GGC township at Ahmedabad worth Rs 396-540 crore: PTI -GAIL wants US to relax norms for more LNG imports: PTI -Power producers oppose terms of fuel supply agreements with Coal India: (BS) -Government has asked REC and PFC to provide loans to state electricity board reducing the burden on banks: (FE) -Kansai Nerolac Paints to acquire 68% stake in Nepalese paint major -Merck is in talks to buy Micro Labs, no other details disclosed: (FE)