Stocks in news: Coal India, SKS Micro, Suzlon, Essar Oil
Kingfisher | Coal India | SKS Microfinance | ONGC | Suzlon | HCC | Essar Oil and Dr Reddy's Labs are stocks, which are in the news today.
June 25, 2012 / 10:28 IST
Here are stocks that are in news today:
Finance Minister Pranab Mukherjee
-Indicated steps would be announced with respect to economy, in consultation with RBI
-Indicated stepping up on reforms, FDI, rupee and cabinet reshuffle
-Talks on dollar denominated infra bonds – buzz
Government says: DowJoneswire
-Will take steps to boost exports, increase Dollar flows
-May cut excise duty on some products to boost local demand
-No decision yet to raise foreign investments limit in bondsPMO asks for removal of 3-year moratorium on fuel supply agreements: Sources
-PMO agrees to 65% trigger lever for the first 3 years
-Increase triggers level from 4th year in between 65-80%
-PMO in favour of pre-2009 level of penalty
-Make up for the shortfall of coal through imports
-Coal India asked to work on price pooling and discuss with companies
-Import of coal through state trading agenciesGujarat HC bench disqualifies Essar Oil case: PTI
Alert- Essar Oil had filed petition seeking state government to allow repayment in instalments and waive interest in relation to its sales tax deferment liabilityDr Reddy's Labs sources say: Newswire18
-Rebuilding product portfolio for Europe
-Europe product revamps to ease pricing pressure
-To focus on chronic therapy drugs in Germany
-May move away from drug tenders in Germany Other stocks and sectors that are in news today:
-Coal India hikes prices in select Western blocks by 10-15%: PTI
-Suzlon sells China unit for Rs 340 crore
-ONGC is mulling to list ONGC Videsh Ltd next year to raise funds for acquisitions: FE
-AP high court has issued an interim order suspending the DRDA’s notice to cancel SKS Microfinance’s registration in Mahabunagar district: BS
-GVK has launched legal proceedings against Kingfisher Airlines for dishonored cheques: ET
-Jet Airways has sought govt approval to reduce flights to the north east by half to cut losses: BS
-MahaGenco has taken Coal India arm to the competition tribunal: BS
-Tata Communications is eyeing deals in the UK and US: FE
-Maruti has started trail runs of a new 800cc car: Mint
-Govt revives plan to convert Rs 523 crore IFCI debt into equity: ET
-SAIL to pay Rs 200 crore to fund CRPF presence at mines in Chattisgarh: ET
-RINL approaches Steel Ministry to defer IPO: PTI
-Cyrus Mistry joins Tata Global as non-executive director effective June 22nd -SBI Chairman meeting on Kingfisher Airlines scheduled next weekPrime Minister Manmohan Singh says
-Cabinet reshuffle is a legitimate expectation
-No international solutions to India's problems
-Have to work harder to restore fiscal balance
-Reaches out to foreign investors; promises end to obstacles
-India needs FDI & portfolio capital inflows
-Urgent attention required by all on whatever the RBI says
-No fear of stagflation, confident of 7% GDP
-Confident Rupee to return to a more stable path2G Spectrum DoT sources say
-Reserve price linked to cabinet decision on spectrum pricing
-May move cabinet note on spectrum pricing policy next week
-Draft Cabinet Note proposes to levy market discovered spectrum price on telcos
-Market determined price may be charged on reframed spectrum
-Market determined price likely to be charged for remaining license period prospectively Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
