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Stocks in news: KFA, RIL, Lanco Infra, Alok Ind, Coal India

Kingfisher Airlines | M&M | BHEL | Tata Motors | RIL | Lanco Infra | Elder Pharma | Alok Industries | Dish TV | Sanwaria Agro | Gammon Infra and Coal India are stocks, which are in the news today.

November 18, 2011 / 09:59 IST

Here are stocks that are in news today:

Results today: M&M, Adani Enterprise, BHEL, Tata Motors, Cipla, JP Associates, JSW Steel, Sobha Developers, GMDC, Balrampur Chini, Bhushan Steel, Fortis Healthcare, ABG Shipyard, Coromandel Engineering, Everonn Education, Aventis Pharma, SCI, Amara Raja Batteries, BGR Energy, Unitech, GSPL, Gitanjali Gems, Kingfisher Airlines, Tata Power, Oil India, GTL, Talwalkars Fitness, Nitesh Estates, Bang Overseas, Areva T&D, JK Tyres, Emami Infra, Koutons Retail, Cox & Kings, Deccan Chronicle, Patel Engineering, Mercator Lines, Bhartiya Global Infomedia, Sunteck Realty, Zandu Realty, Crest Animation, Viceroy Hotels, Indian Metals & Ferro Alloys, Bhagwati Banquets, Graphite India, Insecticides India, Clutch Auto, Zuari Industries, Sanwariya Agro, GATI, Varun Shipping

Kingfisher turmoil
-Kingfisher Airlines to sell property to fly out of debt crisis; board to discuss preferential issue & new lease plan today (ET)
-To cut debt to Rs 3000 crore via sale of assets & cash reserves
-Finance Ministry not in favour of banks bailing out Kingfisher
-Rahul Bajaj says private sector should not be bailed out

SBI Chairman says
-Given guarantee to oil companies on behalf of KFA
-Have asked Kingfisher Airlines to bring in equity
-KFA hoping for FDI policy liberalisation
-KFA wants equity from foreign airlines
-KFA debt to equity conversion an emergency step
-No plan to further up equity in Kingfisher Airlines
-Bankers to meet KFA' officials on Tuesday
-Current exposure to KFA at Rs 1,500 crore

Coal India says:
-H1 profit up 68% at Rs 6,737 crore (YoY)
-Quantity of e-auction has risen, boosted realisations
-Not much increase in volume growth
-Growth being driven by price hikes
-Coal price hikes will help neutralise increase in wages
-Will have clarity on price hikes by December-end
-Will use reserves to buy stake in overseas mining companies

Govt ups post office saving deposit interest rate to 4%
-Aligns small saving plan interest rate to same tenure gilt
-Ups ceiling on public provident fund to Rs 1 lakh/year
-Commission payment on public provident fund discontinued
-Ups interest rate on public provident fund to 8.6%
-Commission on senior citizens' saving scheme scrapped
-States' share in small savings mop-up cut to 50% from 80%

Housing Ministry uploads Draft Real Estate Regulator Bill on website
-Each state to set up Real Estate Regulatory Authority
-Regulator to comprise 1 chairperson, minimum 2 members
-Draft bill says mandatory accreditation of all developers
-To adhere to approved plans, project specifications
-Allottee to stick to payment schedule
-Allottee to pay interest in case of delay
-Centre to set up Real Estate Appellate Tribunal
-Real Estate Appellate Tribunal to hear disputes

Other stocks and sectors that are in news today:
-Aviation ministry turns soft on foreign airlines entry; open to raising FDI cap upto 26% (ET)
-OMCs may partially roll back petrol price hike next week; Oil retailers may cut petrol prices up to Rs 1/Litre: Sources
-RIL, BP offer to share D6 Infra with state run companies; move could save to reduce development costs & raise govt

first published: Nov 14, 2011 08:36 am

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