Subramanian Swamy on 2G Case says -PM & Pranab had no authority on 2G spectrum decision -'PM not culpable'; decisions taken by FM, Telecom Minister -'Criminal culpability clear on part of P Chidambaram'
SEBI issues order in market manipulation using GDRs -Finds price manipulation in 7 companies using GDRs -Bars 7 companies from issuing any shares/convertible instruments -Companies barred by SEBI: Asahi Infra, IKF Tech, Avon Corp, K Sera Sera, CAT Tech, Maars Software, Cals Refineries -NSDL & CDSL asked to freeze accounts of beneficial owners & entities -SEBI forwards copy of order to ED to take necessary action -SEBI bars 10 entities including 1 FII, 4 sub accounts from dealing in indian securities
2G case update -D Raja says letter written by Pranab should be taken seriously -P Chidambaram's role should be examined -Subramanian Swamy submits Finance Ministry fact sheet on 2G at SC today -Finance Ministry fact sheet of March 25, 2011 blames P Chidambaram -Fact sheet on grant of 2G licenses in January 2008
RBI removes Union Bank , Karur Vysya Bank from FII buy caution list -FII stake in Union Bank, Karur Vysya Bank Now below trigger cap
Other stocks and sectors that are in news today: -Aviation ministry favors FDI upto 49% in local carriers- FE -Govt may interfere in Mazgaon-Pipavav Deal; move follows complaints from rivals ABG Shipyard & L&T (ET) -ACC - Ambuja meger deferred indefinitely due to multiple issues (BS) -Oil Ministry rejects CAG suggestion of a fixed profit sharing ratio, would make it unattractive for investors (FE) -GVK in talks with Indonesian based Kideco for stake sale (Mint) -Fortis pulls out of stake talks with Turkish hospital group (ET) -NTPC gets in principle approval for its 5 coal blocks from the coal ministry (ET) -Reliance Capital may sell 26% stake in its subsidiary Reliance General Insurance Co (BS) -DLF to sell IT Park to IDFC for Rs 512 crore, move to ease off its Rs 21000 crore debt burden (ET) -GMR Infra looks at PE funding of around Rs 960 crore for its road business (BS) -Ex Bonus: Nitin Fire Protection Industries 5:2 -Ex Stock Split: BHEL 10:2 on October 3 -F&O Ban: ABG Shipyard, Gitanjali Gems, IFCI
