Here are stocks that are in news today:
Finance Minister P Chidambaram meets FIIs on Saturday: Sources
-Concerns on taxation expressed
-Questions on GST (Goods & Service Tax), food security, subsidy addressed
-FM tells FIIs India a safe place to invest
-FM tells FIIs reforms' process will continue
LPG prices hiked by Rs 11.42 per cylinder: PTI
-LPG price hike hike due to government's decision to raise dealers' commission: PTI
Emkay on Nifty Error
-Pays Rs 15 crore on Friday towards early pay-in
-Expected to pay the remaining amount soon
-Clients' outstanding positions are intact and we will continue to service all obligations
-Have appealed to NSE for annulment of error trades
Civil Aviation Minister Ajit Singh says
-Unless Directorate General of Civil Aviation (DGCA) is satisfied, Kingfisher Airlines (KFA) will not be allowed to fly
-DGCA is seeking legal opinion on KFA lockout
-DGCA not satisfied with KFA's reply
DGCA issue showcause notice to KFA
DGCA says
-KFA must reply to notice within 15 days
-Airline failed to establish safe, reliable, efficient service
-Airline has not approached DGCA with any operational plan
Kingfisher Airlines
-Have received show cause notice from DGCA
-Will send detailed response to DGCA well in time
-Will submit comprehensive plan for restoration of services
-Plan to be submitted to DGCA post negotiations w/employees
Lenders may give KFA two months before liquidating the pledge securities: ET
Coal India CMD says
-Not open to negotiation on coal import on cost plus basis
-Power companies have to be satisfied with domestic coal
-Expect fuel supply agreements (FSAs) to be signed before December 31, 2012
-MoU arrangement for supply to power companies ends on December 31
SBI Chairman
-Liquidity situation comfortable
-At bankers' meet with the RBI, most members asked for cash reserve ratio (CRR) cut
-No room for more loans to KFA
-Tax department has freed 80% of KFA's funds
-Loans to KFA fully provided for
PNB CMD says
-Credit growth slowing down
-Have told RBI to reduce rates to improve sentiments
Department of Telecommunications receives Attorney General (AG) opinion on one time spectrum fee
-Empowered group of ministers (EGoM) to meet on October 8 to discuss one time spectrum fee
-One time fee may only get decided after spectrum auction
AG opinion on spectrum
-One-time fee may only get decided after spectrum auction
-Spectrum has to be charged beyond 6.2mhz with effect from July 2008
Other stocks and sectors that are in news today:
- Adani Power offer for sale (OFS) at floor price of Rs 54.20/share
-Rakesh Jhunjhunwala has acquired 21.25 lakh shares (3.4% stake) in Geometric Software from September 25 to October 5
- DLF independent directors in dark over Varda deals, no evidence of favor says director: ET
- Deccan Chronicle Holdings (DCHL) lenders may be forced to write-off Rs 3000 crore loan: ET
- DB Realty to issue upto 3.7 crore warrants on preferential basis to promoters
-Essel group sells more shares in IVRCL ; lowers holding to 3%
- RIL refuses to follow oil ministry order to swap its KG D6 gas with an Andhra gas firm: ET
-RIL raises USD 1.5 billion via third overseas bond issue: ET
- Godrej Properties gives up plans to buy HDIL ’s 14 acre Bangalore plot due to pending regulatory approvals: ET
- Max India may offload 5% in life insurance JV to foreign investors: ET
- Wipro shelves plans to sell its water treatment business: Mint
- Omaxe to raise Rs 600 crore, to offload stake to comply with minimum public shareholding norm: BS
- Dabur looks at healthcare buys abroad: BS
-Comptroller and Auditor General (CAG) has pointed out flaws in the implementation of over Rs 52000 crore farm debt - waiver scheme: TOI
- Austral Coke open offer for 7.54 crore shares at Rs 1.2/share (CMP Rs 1.28)
- Brescon Advisor open offer for 9.1 lakh shares at Rs 123/share (CMP Rs 109.95)
