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Stocks in news: Union Bank, BHEL, Financial Tech, JSW Steel
Union Bank of India | ONGC | BHEL | Akzo Noble | Financial Tech | APL Apollo Tubes | JSW Steel | Max India and Reliance Industries are stocks, which are in the news today.
Fresh doubts emerge over BHEL stake sale -Heavy Industries Minister not in favor of BHEL stake sale -Final Decision on BHEL stake sale at EGoM on Wednesday -Heavy Industries Minister may fall in line on Finance Minister pressure -Praful Patel likely to hold meeting early Wednesday -Heavy Industry Ministry says stock market condition not favorable for BHEL stake sale
Subir Gokarn says -Developments in US pointing towards a recovery in markets -Global scenario less worrisome than 2 months ago -Rise in oil prices not a good development for liquidity infusion -Advance GDP estimates based heavily on IIP numbers & other factors -Interest rates have been a factor in growth deceleration -Base line scenario showing signs of growth bottoming out -Seeing some acceleration in growth in FY13 -Interest rate cycle has peaked in India
RIL SEZ Haryana proposes to demerge to build Model Township at Jhajjar -Demerger subject to HSIDC approval -Has signed pact to induct IL&FS into a new company -Reliance Venture Limited will have 45% interest in new company -IL&FS & HSIDC will have 45% & 10% stake respectively -JV has Haryana nod for flexible development of SEZ
SCI to CNBC-TV18 -Do not see operative environ improving till mid-2013 -Maintenance expenditure has not gone up for company -Bunker price gone up by 25% (QoQ) and form to be a major concern for ship owners -Forex loans also marginally impacted profitability -Rs 80 crore impact on account of Forex loans -Rs 175 crore of profit due to sale of ships
Other stocks and sectors that are in news today: -Oil Ministry sources say RIL D6 output may fall to 27 mmscmd from April -Union Bank of India board meet today to consider preferential issue -Bombay HC rejects petition to attach Zenith InfoTech property -Decision on ONGC, BHEL stake sale today -New York Life to exit Indian insurance JV, partner Max India to get 1/3rd proceeds - ET -Akzo Nobel to partly roll back royalty rates -JFE hikes stake in JSW Steel to 15% - Agencies -MCX IPO opens on February 22, closes on February 24 (Financial Technologies in focus) -APL Apollo Tubes allots 15 lakh warrants to promoters at Rs 145/share -F&O Ban - ABG Shipyard, Aban Offshore, Alok Industries -MCA sources say not to dilute private placement norms in draft companies bill
