Stocks in news: Nu Tek India, ITC, Axis Bank, L&T, RComm

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Stocks in news: Nu Tek India, ITC, Axis Bank, L&T, RComm

Prakash Industries | Monnet Ispat | Nu Tek India | ITC | Axis Bank | L&T | Reliance Communications are stocks, which are in the news today.

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Here are stocks that are in news today:

Results today: GAIL India, Sterlite, ITC, M&M Financial, Delta Corp, Strides Arcolab, VIP Industries, Titan Industries, Union Bank, Tata Coffee, Kalyani Steel, Wyeth, Core Education, Container Corp, Oswal Chemicals, EID Parry, Liberty Shoes, National Fertilizers, Pfizer, Ajanta Pharma, Jyoti Structures, Piramal Glass, Sadbhav Engineering, State Bank of Mysore, Omax Auto, Oswal Agro, SIL Investments, Sasken Communication, Sun Pharma Advance Research

2G Charges framed
-Court charges all 17 accused in 2G Case
-All accused charged for criminal breach of trust
-If convicted, accused could face possible 7-year jail term
-All other charges upheld against A Raja, Kanimozi, Others
-2G trial to commence from November 11, 2011

2G Trial:
-Bail plea of 6 accused to be heard by trial court on Monday
-Bail plea of Shahid & Asif Balwa, Kanimozhi, Rajeev Agarwal, Karim Morani & Shard Kumar to be heard today 
 
Reliance Communications says:
-Framing of charges does not not mean officials are guilty
-No substantive charge framed under section 409
-Substantive charges framed are as per original chargesheet
-To immediately move Delhi HC for quashing charges
-Charges will have no impact on licenses or operations of Reliance Comm
-3 employees to pursue pending bail applications
-Bail petition listed for hearing before SC on October 31
-Trial to commence on November 11

Govt eyes stake sale in ITC , Axis Bank and L&T , starts preliminary talks to help offset impact of low disinvestment receipts - TOI
-Govt holds stake in L&T, Axis and ITC through SUUTI
-ITC - 11.54%
-L&T - 8.7%
-Axis Bank - 23.58%

Oil Ministry writes to Finance Ministry on subsidies: Sources
-Asks for Rs 60,000 crore for 1st three quarters of FY12
-Demands for second supplementary demand for grant

Other stocks and sectors that are in news today:
-Listing today: Vaswani Industries (Issue Price Rs 49/sh) - The issue got delayed by almost 5 months after the IPO came under SEBI investigation for large numbers of withdrawals and rejections in NII category  
-Tata's mull group CEO post to ease Chairman's workload - BS
-Govt initiates action against Prakash Industries while Monnet Ispat & Sunflag Iron under scanner for alleged misuse of coal blocks - ET
- Nu Tek India board disapproves bonus share issue
-Govt puts anti-dumping duty on rubber chemical imports from China
-Delhi HC refuses to pass order on row over RIL work in KG basin
-F&O ban: ABG Shipyard, Gitanjali Gems