62774 Investors following Coal India. Share this News with them.
0
Like this story, share it with millions of investors on M3
Stocks in news: Kingfisher, Kirloskar Oils, Bharti, Den Net
Kingfisher | Kirloskar Oils | Reliance Capital | RIL | Den Networks | Kamat Hotels | DLF | Bharti Airtel | Bajaj Finserv | JSPL and MindTree are stocks, which are in the news today.
Results today - Bajaj Auto, HDFC Bank, Hero Motorcorp, IFCI, SKS Microfinance, Balaji Telefilms, Dish TV, Godrej Properties, Hindustan Media Ventures, Mastek, Bajaj Holding, Ador Welding, CanFin Homes, Century Plyboards, Dolphin Offshore, Infomedia 18, Info Edge, Oriental Hotels, Peninsula Land, Pioneer Distilleries
PM-Power CEO Meet Power Minister says -Problems on gas allocation, coal linkages exist -Problems with environment clearances -Assures all possible help to power sector -Want 80-85% FSAS for power sector -Without FSAS, power plants will not be feasible -Wait till budget for clarity on duty on power equipment
APP DG says -Fuel issues, related pricing issues were put before PM, Ministers -Captive mining, gas allocation issues were also discussed -Do not want duty on imported power equipment
PM forms committee of secretaries on power sector -Pulok Chatterji to head committee of secretaries on power sector -PM sets 30-60-90 days targets to push power sector growth
Power CEOs' to PM -Coal India has not signed any FSA for 2 years -Reserve entire coal production for power & fertiliser sectors -Allow diversion of e-auction coal at notified prices -Coal India be asked to undertake bulk coal imports -Allow captive mines to sell surplus coal at market price -Immediate allocation of gas to power project's being commissioned -Resolve issues with tariff based power purchase agreements
Bharti Airtel -IT dept slaps Rs 1,067 crore tax demand notice on for non payment of TDS on overseas operations -Company says fully compliant on all applicable IT provisions -Demand notice from IT dept not justified
KFA CEO Sanjay Aggarwal likely to step down: Sources -Sanjay Aggarwal likely to have submitted his resignation -KFA board has not accepted Sanjay Aggarwal's resignation -Sanjay Aggarwal asked to wait till company arranges funds -Announcement expected post KFA arranges funds -Announcement on KFA CEO's likely before March 31, 2012
JSPL Q3 (cr - crore, vs - versus) -Consolidated (Cons) profit at Rs 1,015.88 cr vs Rs 951.10 cr (YoY) -Cons net sales at Rs 4,354.51 cr vs Rs 3,168.15 cr (YoY)
Mindtree Q3 -Cons net profit at Rs 60.6 cr vs Rs 30.5 cr (QoQ) -Cons net sales at Rs 520 cr vs Rs 385 cr (QoQ)
Tata Coffee Q3 -Cons net profit at Rs 21.5 cr vs Rs 33 cr (YoY) -Cons net sales at Rs 413 cr vs Rs 347 cr (YoY)
Bajaj Finserv Q3 -Cons net profit at Rs 170 cr vs Rs 107 cr (yoy) -Cons net sales at Rs 825 cr vs Rs 530 cr (yoy)
Agro Tech Foods Q3 -Net Profit at Rs 11.2 cr vs Rs 9.7 cr (YoY) -Net Sales at Rs 180 cr vs Rs 190 cr (YoY)
Infotech Enterprises Q3 -Net Profit at Rs 34 cr vs Rs 31 cr (QoQ) -Net Sales at Rs 417 cr vs Rs 373 cr (QoQ) -Forex Loss at Rs 37 cr vs Rs 11 cr (QoQ)
Other stocks and sectors that are in news today: -HK company SC Lowy may invest USD 280 million in Kingfisher - ET (deal likely by end of the month) -Kirloskar Oils to consider buy back on January 25 -Reliance Capital to sell 26% stake in Reliance MF to Nippon, deal likely to be announced today - BS -RIL arm buy 1.14% stake in Den Networks - ET -MCX IPO likely to hit market in February - BS (Financial Tech to be in focus) -Clearwater may announce an open offer for Kamat Hotels - DNA -DLF to sell wind power biz, convention centre - ET -Fertilizer ministry demands KG-D6 gas for fertiliser companies - ET -Inter Ministry Panel okays subsidy on non-urea fertiliser
