Stocks in news: Muthoot Finance, Network 18, Idea, GMR

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Stocks in news: Muthoot Finance, Network 18, Idea, GMR

Muthoot Finance | SREI Infra | Unity Infra | GSFC | Redington | Network 18 | Mahindra Satyam | GMR and Idea Cellular are stocks, which are in the news today.

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Here are stocks that are in news today:

Petrol excise may be cut, new tax to hit diesel cars (FE)
Alert: Oil Ministry has proposed a cut in excise duty on petrol by Rs 2 from the current Rs 14.35/litre

FIPB rejects Mauritius based Axiata's bid to hike stake in Idea Cellular (BS)
Alert: Axiata holds 19.97% stake

Maldives govt to stand by all agreements with foreign entities; move brings relief to GMR (ET)
Alert: Company was planning to bridge its funding gap to modernize Male airport

Mahindra Satyam , Tech Mahindra to merge soon (ET)
Alert: Merger to create India's 6th largest IT services exporter with around USD 2 billion revenues

Other stocks and sectors that are in news today:
-Mukesh Ambani in talks to buy Network 18 (ET)
-Planning Commission proposes a special bank lending dispensation for UMPP's (FE)
- Kingfisher Airlines asked to pay dues for more loans within fortnight before lending more money by banks (ET)
- Redington Mauritius arm buys 26% stake in Redington International Holding for USD 113 million
-Coal sector may be opened to commercial mining soon (ET)
- GSFC plans Rs 7000 crore unit to dominate specialty chemicals (DNA)
-Union Bank of India revives its USD 2 billion MTN debt plan from the overseas markets (DNA)
-Unity Infra bags projects worth Rs 139.29 crore
- SREI Infra to raise Rs 500 crore through long term bonds & convertible debentures
- Muthoot Finance to raise upto Rs 600 crore through NCD's
-DOT may issue demand notices of Rs 55.67 lakhs to Reliance Communications and Bharti Airtel for violating agreement (Reports)
- Rohit Ferro to consider preferential issue of equity shares
-Ex Dividend: Colgate Interim Dividend Rs 9/sh
-F&O Ban: Aban Offshore, ABG shipyard, Gitanjali Gems, Punj Lloyd, Ruchi Soya

(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).