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Stocks in news: Core Edu, Indiabulls Power, Goodyear, MMTC

Pioneer Embroideries | Core Education | Indiabulls Power | Goodyear India | MMTC | Aanjaneya Lifecare | SAIL | Berger Paints and Coal India are stocks, which are in the news today.

March 12, 2013 / 10:10 IST
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Here are stocks that are in news today:

SKS Microfinance says:
-Have paid Rs 50 lakh penalty to Insurance Regulatory and Development Authority (IRDA)
-Have requested IRDA to permit company to file review petition

Berger Paints MD Abhijit Roy
-Sherwin Williams buy via internal accruals
-Sherwin Williams' presence strong in West, South India
-Sherwin Williams has 24,000 tonnes per year unit in Taloja, Maha

SAIL to invest Rs 2,952 crore for expanding capacity of Gua iron ore mine
-Funds to be used towards setting up beneficiation & pellet plants in Jharkhand as well

Power Grid
-Board approves investment of Rs 55.73 crore for transmission system associated with Meja TPS
-Project to be commissioned in 28 months

Govt says
-Coal India (CIL) proposes ad-hoc provision of Rs 35,000 crore
-Proposal for acquisition & development of mines abroad by 2017

Aanjaneya Lifecare
-To defer issue of foreign currency convertible bonds (FCCBs) till further notice
-To defer FCCBs issue due to unfavourable market circumstances

Other stocks and sectors that are in news today:
-Empowered group of ministers (EGoM) to decide floor price for MMTC offer for sale (OFS) at 12 pm today
-NALCO OFS deferred to Friday: NW18
-SEBI allows Diageo to sell United Spirits (USL) assets after open offer within 2 years: Mint
-Airlines not ready to reveal fare structure, tells displaying of tariff levels will be tantamount to regulation: ET
-HC upholds tax relief to Goodyear India: TOI
-Indiabulls Power synchronises 1st unit of 1,350 MW Amravati power plant
-Moody's downgrades Core Education to B2 from B1; outlook negative
-SAT hearing on Sahara versus SEBI matter at 2 pm, Shastri Bhawan, today
-Pioneer Embroiders CMP Rs 6.5/share: Board to mull issue of 47.8 lakh equity shares worth Rs 9.7 crore on preferential basis to promoters

West Bengal
-Ups lower rate of value added tax (VAT) by 100 basis points to 5%
-Hikes upper rate of VAT by 100 basis points to 14.5%
-Hikes sales tax on tobacco products by 500 basis points to 25%

Govt sources say: NewsWire18
-WPI may not fully reflect diesel, LPG price change
-WPI may not reflect change in non-subsidised LPG price
-Need WPI computation change to reflect bulk diesel price

first published: Mar 12, 2013 08:27 am

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