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Stocks in news: NMDC, BHEL, TCS, Gitanjali, HDIL, Maytas

KSK Energy Ventures | NMDC | BHEL | Jindal PolyFilm | TCS | Gitanjali Gems | HDIL | Chartered Logistics | Kiri Dyes | Unity Infra | Maytas Infra | Continental Petroleums and ONGC are stocks, which are in the news today.

January 06, 2011 / 08:39 IST

Here are stocks that are in news today:


Fertiliser Secretary says
-No change on urea policy as of now
-To form committee to look into nutrient-based subsidy
-Committee Of Secretaries will discuss nutrient-based subsidy
-GoM will decide urea policy based on recommendations of committee


Finance Ministry sources say
-Urea price decontrol may take place only next fiscal
-Diesel price deregulation may be held off till February
-Fiscal situation comfortable currently
-FY11 fiscal deficit may be 5.3%
CNBC-TV18 alert: Budget targets 5.5% fiscal deficit in FY12


ONGC FPO
-RFPs for merchant banks likely on January 7
-Criteria for selection of merchant banks may be changed
CNBC-TV18 alert: ONGC FPO likely in March, Govt to divest 5% stake


Citi - Sources
-Few HNIs claim Citi offered settlement in December
-Few HNIs claim were offered 60-70% of invested funds
-Shivraj Puri & some HNIs signed private MoUs for recovery
-Citi Management had no knowledge of private MoUs
-Some HNIs may now file civil suits


Vodafone gets Mumbai ITAT relief over TDS on roaming charges
Mumbai ITAT says
-National roaming payments between telcos not liable for TDS
Alert - ITAT is Income Tax Appellate Tribunal
Alert- TDS is Tax Deducted at Source
-Payments not "rent" for telecom equipment use
-Order relates to sec 194 -1 of IT act
-Company had entered into roaming agreement with Idea
-Order relief for companies entering into roaming agreements:KPMG


Rangarajan says
-Room for monetary action on inflationary front
-Price stability needs to be key aim of monetary policy
-RBI steps may be needed if inflation stays sticky
-See WPI inflation at 6-6.5% by March
-Govt may deregulate diesel price when inflation eases
-No need for extra borrowing this FY
-See govt meeting FY11 fiscal deficit aim
-Inflation above 4% uncomfortable
-May see RBI action mid-January if inflation firm
-Quantam of any rate hike depends on inflation
-Expect liquidity situation to improve this quarter
-Untamed primary article inflation may spill over

Other stocks and sectors that are in news today:
-Continental Petroleums
board approves issue of 3.15 lakh warrants converted into equity at Rs 23/share
-Mindtree amalgamation with Mindtree Wireless gets court approval
-Maytas Infra bags Rs 372 crore order from NHAI for 4 lane road in ASSAM
-Unity Infra bags orders worth Rs 122 crore
-Jayshree Chem commissions plant ahead of schedule with investment of Rs 150 crore
-Kiri Dyes board meet in January 17 to consider stock split
-Chartered Logistics bags transmission orders worth Rs 11 crore
-3G issue almost resolved, Govt to issue guidelines soon: Kapil Sibal. PTI
-HDIL sells Andheri plot to Kanakia
first published: Jan 6, 2011 08:01 am

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