Stocks in news: L&T, Liberty Shoes, IDFC, Glenmark, BGR

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26 Aug, 2025 12:21

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Here are stocks that are in news today:

RBI policy today
CNBC-TV18 poll for mid-quarter review:
-90 percent of respondents see RBI cutting repo by 25 bps to 7.5 percent
-30 percent see RBI cutting CRR by 25 bps to 3.75 percent
-60 percent see 75 bps of repo rate cut in 2013, including Tuesday cut if happens
-50 percent see RBI’s tone more dovish than previous policy
Alert: Repo Rate currently at 7.75 percent; CRR rate at 4 percent

The Children's Investment Fund (TCI) letter to Prime Minister Manmohan Singh
-There is massive systematic corruption in Indian coal industry
-Fuel supply agreement (FSA) system enables companies to pay bribes to buy discounted coal
-Politically connected companies benefit from the FSA system
-Request Comptroller & Auditor General (CAG) launches probe in corruption of FSA system

RBI says:
-Have initiated comprehensive scrutiny of head office, 3 banks' branches
Alert: Banks include ICICI Bank, HDFC Bank, Axis Bank
-Doing thematic study of banks active in selling gold coins
-Doing thematic study of banks active in wealth management product sale
-Examining systemic issues; to plug deficiencies if any
-Scrutiny after Cobrapost sting alleged money laundering
-Scrutiny after allegations of violation of FEMA, PML Acts
-RBI notes Cobrapost videos on ICICI, HDFC insurance companies
-Final report on all banks by March 31

Glenmark: PTI
-Recalls Anti-asthma drug Montelukast from US market
-Recalled 5.9 lakh Montelukast bottles of 30 & 90-count
Glenmark says:
-Recall was voluntary from drugmaker's side
-Enquiry had already been initiated on February 13
Alert: Glenmark had received ANDA nod for Montelukast in August 2012

GVK to CNBC-TV18: Sanjay Reddy says:
-Not looking at overseas listing of airports biz
-Looking for investment to reduce debt
-Fund raising in current economic environment difficult
-Have right of first refusal (RoFR) for Navi Mumbai project
-Not looking at any new airport project in India at the moment
-May up stake in Bangalore Airport once lock-in period ends
-Expect airport tariff to come down going forward
-In JV with Australia's Aurizon for Hancock project
-Delay in Hancock-Australia project 'not a concern'
-Looking at tying up with minority investors for coal projects

Central Bank Of India
-Gets shareholders' nod to issue shares worth Rs 2,406 crore to GoI
-To issue 30.8 crore shares at Rs 78/share via preferential issue

Competition Appellate Tribunal (COMPAT) reserves order on cement firms plea in cartelisation case
Alert: Cement firms sought stay on Rs 6,307 crore penalty imposed by Competition Commission of India (CCI)

L&T to CNBC-TV18 AM Naik says
-Restructuring is a continuous process
-Aim to take biz to globally competitive level
-Have to continuously rejig & move out of non core areas
-Some small non-core assets left within group
-L&T Infotech grew by more than 22 percent even during slowdown
-Plan to take IT arm to USD 2-3 billion level
-Still need to build on L&T Infotech IPO                        

LIC cuts stake by 2 percent in Federal Bank in Jan-March quarter
Alert: Post stake sale, LIC holds 3 percent stake in Federal Bank

SunCoke Energy & Visa Steel launch JV in India
SunCoke Energy says:
-New JV will be called Visa SunCoke
-Company to hold 49 percent interest in JV with Visa Steel
-Visa Steel to hold remaining 51 percent in JV
-Have invested approximately USD 67 million to acquire 49 percent in JV

Other stocks and sectors that are in news today:
-DMK likely to pull its ministers out of UPA but may give outside support
-Empowered group of ministers (EGOM) to finalise SAIL offer price today, third attempt in 2 years to sell stake
-Cabinet meet today, likely agenda - Food Security Bill & Sugar Decontrol
-FM warns rich promoters on loan defaults
-Gammon India in talks with lenders to restructure Rs 3500 crore debt: ET
-Motherson Sumi drops fund raising plans just ahead of its EGM: ET
-India Infoline, IDFC seeks banking licence: ET
-Environment ministry may approve road projects worth Rs 20000 crore in one go post recent SC directive: FE
-Kotak Mahindra Bank gets a stay on IDBI’s sale of Deccan titles: FE 
-Gerdau acquires Kalyani Steels’ remaining stake in JV for undisclosed sum
-Flexituff International opens FCCB issue, to raise up to USD 25 million
-Liberty Shoes board approves corporate restructuring
-L&T-Mitsubishi JV looks to buy BGR-Hitachi power venture: Mint (JV has orders worth Rs 3000 crore, BGR holds 51 percent)