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Stocks in news: SKS Micro, Educomp, Aban Off, Everonn, ITI
SKS Microfinance | GSK | Nagarjuna Construction | Gayatri Projects | Educomp | Aban Offshore | Onmobile | Everonn | Reliance Communications | Firstsource and ITI are stocks, which are in the news today.
Cabinet to consider New Land Acquisition Bill this week -Efforts are on to introduce the bill before the end of monsoon session
Other stocks and sectors that are in news today: -Listing today: Brooks Laboratories (Issue Price Rs 100) -SC allows auction of 25mt of Iron Ore from Karnataka Mines -Firstsource looking to sell US MedAssist, a company acquired in 2007 for USD 330 million - BS -Govt working on exit policy for telecom companies - TOI -Reliance Communications may merge 3 divisions, a move that will make 10% staff (700 employees) redundant - ET -Everonn MD's arrest clouds education business, buzz of Nikhil Gandhi taking over as Chairman as JJ Irani steps down -NTPC issues notice for suspension of Power to Reliance Infra and BSES which have defaulted on payment of more than Rs 900 crore - BS -DoT seeks Rs 6,830 crore from Finance Ministry for ITI revival -Educomp defers fund raising plans (Rs 1150 crore) -Aban Offshore to raise Rs 4,000 crore through QIP and other routes (Just re-approving again) -Onmobile board approves buy back at maximum Rs 85/sh ((CMP: Rs 63.35)) -Nagarjuna Construction JV with Gayatri Projects likely to announce the closure of it Rs 7100 crore power project being setup in Andhra Pradesh in September (ET) -Delay in building gas pipelines by RGTIL likely to hit Spic & Madras Fertilizers units as switchover from naphtha to gas as feedstock will be delayed (FE) -GSK to sell non-core products business -SKS Microfinance may approach RBI for seeking a banking licence after getting a nod from its board of directors (HT) -Ex Dividend: BPCL Rs 14/sh, Monsanto Rs 10/sh -F&O Ban: ABG Shipyard, Gitanjali Gems -CCEA approves revival of 8 fertiliser units of FCIL, HFCL
