Here are stocks that are in news today:
Government has reduced export duty drawback from 5.5% to 2% (with effect from 10th October 2012). (Negative for auto co having exports)
NMDC
-Board decides to slash iron ore prices between 2-11%
-Prices lowered for different grade of iron ore
-Prices slashed only for October
-(Positive for steel company like JSW)
IOC cuts petrol prices by 56 paise per litre others may follow soon
IOC says
-PSU companies lost Rs 2,600 crore in Apr-September on petrol sales
-PSU companies' FY13 subsidised fuel revenue loss seen at Rs 1.6 lakh crore
Oil ministry prepares new empowered group of ministers (EGoM) note on Reliance Industries ' (RIL) KG-D6 gas allocation: Sources
-Oil ministry says gas reallocation should be decided w.r.t production
-EGoM to decide on continuing gas supply to Lanco, GMR plants
-Lanco, GMR yet to meet conditions of long-term PPAs
-EGoM to decide on continuing gas supply to Deepak Fertilisers
-EGoM to decide on continuing gas supply to RCF, GSFC
-Oil ministry doesn't want non-urea fertiliser companies to get cheap gas
-Asked fertiliser ministry for guidelines on non-urea companies 4 times
Government sources say
-Telcos to pay one-time fee for spectrum beyond 4.4 mhz
-Companies may pay one-time fee in a staggered manner
-Companies to pay one-time fee from date of cabinet decision
-Companies to pay one-time fee for the remaining licence period
-Cannot charge from 2008 onwards
-Expect Rs 27,000 crore from one-time spectrum fee
-CDMA companies to pay no extra fee till 2.5 mhz
-Telcos to pay market price only for remaining licence period
-Telcos allowed to surrender spectrum beyond 4.4 mhz
-Rs 1,650 crore paid by cancelled telcos will be adjusted
-Rs 1,650 crore to be adjusted for non-chargesheeted companies
-Government to refund entry fee to all cancelled companies
-No interest on entry fee will be paid
-No entry fee refund for chargesheeted telcos
-Licensee fee decision to be ratified by cabinet
-Spectrum surrender decision to be ratified by cabinet
Roche moves Delhi HC's larger bench on patent dispute with Cipla : NW18
-Roche's appeal hearing in Delhi HC adjourned to October 15
United Spirits -ABD sign out-of-court settlement w.r.t Officers' Choice: Sources
-United Spirits to receive Rs 8 crore as settlement amount
-Diageo seeks clearance of all cases before buying United Spirits stake
Fitch ups Indian banks' FY13 gross NPAs estimate to 4.2% from 3.75%
-Indian banks to face asset quality stress next few quarters
-Fitch sees most stress on Indian banks' asset quality from infra companies
Other stocks and sectors that are in news today:
-Coal ministry asks Reliance Power to stop mining at Sasan project blocks: BL
- RIL scales down KG-D6 spend by USD 3 billion to USD 5.9 billion on the back of drop in reserves: PTI
- Suzlon to meet bondholders tomorrow to get a 4-month extension of the October FCCBs: FE
- Adani Power OFS oversubscribed, bids for 4.93 crore shares as against 3.55 crore shares on sale: FE
- Uflex looking at 2-3 major acquisitions in the US and European markets: BL
-International Paper moves SC over SAT’s offer price to shareholders of AP Paper Mills : ET
- Geometric board okays merger of Delmia Solutions with company's arm
-Essel Group sells another 1.5% stake in IVRCL , inches closer to exit
- Aban Offshore bags 3-year contract from Petronas, company to earn approximately USD 152.75 million (Rs 800 crore)
-71 scripts shifted to T2T category
-Government approves 14 FDI proposals worth Rs 113 crore
-COMPAT issues notice to CCI, DLF arms In Jasola case: PTI
-EGoM to fix price band for RINL IPO on Tuesday: PTI
-Road Minister says to award 4,000 km road projects under EPC mode in FY13
-Railways form tariff authority to decide fares: IE
Change in circuit filter
- West Coast Paper : 10%
- Aditya Birla Money : 5%
- DB Realty : 5%
Inclusion in T2T and 5% or lower circuit would be applicable for the following stocks with effect from October 12th
-Aditya Birla Money
- ARSS Infra
- Everest Kanto
- Indo Tech Transformers
- Inox Leisure
- NDTV
- Zee News
