Here are stocks that are in news today:
Results today: HMT
Suzlon
-Promoters sell 2% stake via block deal
-Sells 3.7 crore shares @ Rs 27.15/sh yesterday
-Suzlon Promoters lower stake to under 53%
Finance Ministry
-Sources say Rs 30,000 crore fuel subsidy likely in second budget supplementary
-Second budget supplementary to be tabled in winter session
-Rs 14,000 crore bank recap also likely in second supplementary
Cabinet Note says: Govt sources
-Cabinet note proposes 100% FDI in single brand retail
-Subject to FDI beyond 51%, 30% sourcing from SMEs
-Products should be sold under same brand internationally
-Single brand product retailing only for manufactured brands
-Cabinet note proposes FDI in multi-brand retail upto 51%
-Minimum amount to be brought in by foreign investors at USD 100 million
-At least 50% total FDI in back-end infra
-Back-end infra includes cap on expenditure
-Back-end infra excludes expenditure on front-end units
-Back-end infra excludes investment in processing, manufacturing
-30% of procurement of manufacturing products from small industries
-Govt's 1st right to procurement of agri products
-100% FDI single brand retail to bring in global players
-Gobal players' business models require 100% ownership
-100% FDI will ensure full ownership & control
-Cabinet to discuss note on FDI in retail next week
-60 proposals for FDI in single brand retail till now
-Proposals are mostly for footwear, garments, cosmetics
-100% FDI will encourage investment in grocery, agri, handicrafts
Other stocks and sectors that are in news today:
-OMDC (Orissa Minerals Development Company): Board to meet consider stock split
-Everonn in talks with PE players, Carlyle, NewYork Life to raise USD 100 million
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