Stocks in news: Mphasis, GTL, Archidply Industries, RIL

Published on Wed, Nov 30, 2011 at 08:48 |  Source : CNBC-TV18

Updated at Wed, Nov 30, 2011 at 09:33  

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Stocks in news: Mphasis, GTL, Archidply Industries, RIL

Here are stocks that are in news today:

Results today: Mphasis

Q2FY12 GDP numbers today: CNBC-TV18 poll sees at 6.92% versus 7.7% (QoQ)

MSCI changes effective from today
-Bharti, Idea and PFC added
-HDIL, SAIL, Indiabulls Real Estate deleted

Air India
-Lenders agreed to restructure company's debt of Rs 42,923 crore, after RBI gave the nod
-Airline will present the restructuring plan to FM-led group of ministers
-Lease out the excessive capacity that it has on 747 and 777-200 aircraft
-((Govt has so far infused fresh equity of Rs 3,200 crore into the airline - people talking about further equity of Rs 6,750 crore into the airline))

GTL say: Sources
-Lenders agree on debt conversion into equity
-Debt to be converted into shares by March 2012
-GTL promoters unwilling to bring personal guarantee
-Lenders fail to agree on final GTL, group companies' restructuring package
-Lenders seek personal guarantee from promoters
-Lenders not in favour of ICICI Bank's proposal to transfer debt
-GTL promoters may convert Rs 950 crore contribution into equity shares
-Remember, GTL lenders had already approved debt recast in September

Commodity bourses, associations oppose uniform stamp duty
-Ministry has proposed uniform duty of 0.003% on all derivative trades, including in commodities, equity and electricity (Rs 300 on every Rs 1-crore transaction in derivative trades)

FDI in retail
-Pranab Mukherjee to brief congress MPs on govt's FDI policy
-Pranab Mukherjee will also brief congress MPs on black money & inflation
Govt sources say
-Broad consensus being built on FDI issue discussion in house
-Will not roll back FDI in retail or go back to cabinet
-Compromise could be achieved soon

RIL closes 4 wells in KG-D6 gas field: PTI
-Closes 4 wells in KG-D6 due to high water ingress

Finance Ministry sources
-NHAI's Rs 10,000 crore infrastructure bonds issue likely by December 15
- PFC 's Rs 4,100 crore infrastructure bonds issue likely by December 15

2G
-Kanimozhi & 4 other 2G accused released from Tihar jail
-CBI likely to reply to S Behura's bail plea on Thursday

Other stocks and sectors that are in news today:
- Archidply Industries sells its Mysore land and plant to Reliance Prolific for Rs 21 crore (market cap Rs 25 crore)
-BPL fails to sell 50 acre land to New Silk Route to reduce debt: BS

  

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