Oct 09, 2012, 09.17 AM | Source: CNBC-TV18

Stocks in news: Rel Power, RIL, Suzlon, Adani Power, Aban

Reliance Power | Reliance Industries | Suzlon Energy | Adani Power | Geometric | Aban Offshore | Cipla and NMDC are stocks, which are in the news today.

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)

-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
- Zee News

Set email alert for
NMDC IOC Reliance
United Spirits Reliance Power Suzlon Energy
Adani Power Uflex Intl Paper APPM
Geometric IVRCL Aban Offshore
DLF West Coast Papr Aditya Birla
DB Realty ARSS Infra


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