SENSEX NIFTY
Jan 09, 2013, 10.03 AM IST | Source: CNBC-TV18

Stocks in news: Cholamandalam, Maruti, Axis Bank, EPC Ind

Cholamandalam | 20 Microns | JK Cement | Bank of India | EPC Irrigation | Maruti Suzuki | Axis Bank | ITC | Kingfisher | IndusInd Bank and L&T are stocks, which are in the news today.

Here are stocks that are in news today:

Results Today: IndusInd Bank , Gujarat NRE Coke

Mumbai International Airport Limited (MIAL) gives away Kingfisher Airlines (KFA) airport slots; Airport Authority of India (AAI) to follow suit
Sources say:
-MIAL gives away 6 out 11 KFA slots to Indigo
-MIAL to give away remaining slots as per demand
-AAI to give KFA's Airports slots away if there is demand
Alert: Slots are flight time bands allotted to airlines
-AAI to monetise KFA slots at its airports
-AAI will not wait any further for KFA to clear dues
Alert: KFA owes approximately Rs 300 crore to AAI
-Delhi International Airport Pvt Ltd (DIAL) yet to take away airports slots allotted to KFA
-DIAL has spare slots to allot in case of fresh demand

Government considers part sale of shares held by SUUTI, finance ministry mulls offer for sale (OFS) on Axis Bank : BS
Alert: SUUTI holds 11.5 percent in ITC , 23.6 percent in Axis Bank and 8.3 percent in L&T valued at Rs 47300 crore 
 
RIL applies for de-notifying 40 percent of its Gujarat SEZ: PTI
Alert: RIL's multi-product SEZ is spread over 1764.14 hectares

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Other stocks and sectors that are in news today:
-Environment Minister shifts blame to NHAI for delay in highway clearances ( GMR blamed NHAI for giving up highway project)
- Maruti ’s market share slipped to a new low of 37.6 percent in 2012: ET
-Titagarh group, Ruia group in race to acquire government's stake in tyre company Tyre Corporation of India: TOI (likely to be first strategic sell off by UPA government)
-Credit Renaissance exits EPC Irrigation ; sells 17 percent stake for Rs 61 crore, Reliance MF, Reliance Net, Morgan Stanley among buyers (M&M holds 54 percent stake in company)
- Bank of India okays fund raising via preferential issue to government, others
- JK Cement board approves raising capital up to Rs 200 crore via QIB
- SAIL April-December 2012 production grows by 2 percent at 9.25 mt (YoY)
- 20 Microns board approves raising up to Rs 30 crore for expansion, to transfer mineral product operations to arm
-CCI approves restructuring of Future Group's fashion business
-Shipping Ministry to award 25 projects worth Rs 11000 crore by March end: ET
- Cholamandalam Investment and Finance is planning to raise Rs 300 crore via QIP (CMP Rs 278)

GST Committees to submit report on January 21: Sources
Alert: FM set up official committees on CST Compensation, GST Structure
-Committees contemplating alternate models for GST
-'One size does not fit all, separate GST model required'
-Cannot adopt international GST structure for India
Alert: Committees include state and central government officials
-Centre tells states GST will hike revenue by Rs 50000-60000 crore
-Finance Ministry keen on GST implementation in 2014

Government files affidavit in 2G cancellation case
-Government makes case for temporary licences for existing users
-Some cancelled companies may be interested in auction
-Temporary licences to enable companies to bid in auction
-Will charge market price from January 19 onwards
Alert: Licences to get cancelled on January 19
-Government asks SC to extend licenses till re-auction
-Government to take administrative decision if SC does not extend licences
Alert: Fresh auctions to begin on March 11

Set email alert for
IndusInd Bank Guj NRE Coke Kingfisher Air
Axis Bank ITC Larsen
Reliance GMR Infra Maruti Suzuki
EPC Irrigation Bank of India J. K. Cement
20 Microns SAIL Cholamandalam

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