RBI finally wakes up to check Indian Rupee? -RBI reduces net open position limits for dealers in forex market
RBI says -Companies cannot rebook cancelled forward contracts -FIIs cannot rebook cancelled forward contracts -FIIs can roll over forward contracts before maturity -Have cut net overnight forex open position limits of banks -To review banks' net forex open position cap on ongoing basis
HMT submits Rs 981 crore revival plan to govt -HMT seeks Rs 320 crore for capex -HMT seeks Rs 135 crore for clearance of old liabilities -HMT seeks Rs 22 crore for 2 years as bridge loan -HMT seeks Rs 365 crore for paying off old Rs 135 crore for waiver on interest rate -HMT has also asked for 1997 or 2007 pay revision -HMT seeks retirement age to be at 60 instead of 58 -HMT to hike tractor production from 10,000 units to 30,000 in 5 years
Advance tax numbers - Infosys pays Rs 754 crore vs Rs 620 crore - Sesa Goa pays Rs 140 crore - YES Bank pays Rs 160 crore Vs Rs 120 crore - ONGC pays Rs 2,924 crore Vs Rs 2,742 crore
Other stocks and sectors that are in news today: -Reliance Capital in talks to buy majority stake in Bloomberg UTV (BS) -Thomson Reuters may buy 20-25% stake in Newswire 18 for around Rs 250 crore (BS) -Adani Enterprises to invest USD 4 billion to develop coal mines; also eyeing possible listing on London exchanges (ET) -IOC cuts domestic Jet fuel prices by Rs 920/kl (Reports) -Reliance Mediaworks plans rights issue of Rs 500 crore in March 2012 - FE -Promoters exit Ambuja Cements by selling 0.79% stake to Swiss major Holcim, pockets Rs 387 crore (TOI) -F&O Ban: Aban Offshore, ABG Shipyard, Gitanjali Gems, Punj Lloyd, Ruchi Soya -Valiant Communications board to consider buy back of Equity shares
