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Stocks in news: IVRCL, SBI, Goa Carbon, PTC India Financial

IVRCL | SBI | Tata Steel | Goa Carbon | PTC India Financial | JM Financial | Financial Technologies and MCX are stocks, which are in the news today.

October 10, 2013 / 09:15 IST

Here are stocks that are in news today:

Economic Offences Wing (EOW) creates 2 teams to probe NSEL issue: Sources
-EOW: 1 team to probe borrowers, another to probe NSEL members
-EOW recovered goods of Rs 15 crore from warehouses
-Jignesh Shah, board members held Anjani Sinha responsible for NSEL issue
 
Economic Offences Wing: Sources
-EOW arrests Amit Mukherjee, VP-Biz development, NSEL
-May ask brokers to participate in investigation process too
-First priority of EOW is to securitise money trail, assets
-Amit Mukherjee likely to have received kickbacks from companies
-EOW likely to have questioned directors of defaulting companies

May have to restructure Financial Technologies board: Govt Sources
-Awaiting final probe reports to decide on Financial Technologies board restructuring
-Need to assess culpability of Financial Technologies board members
-Financial Technologies board cannot completely distance itself from NSEL affair
-Probing minutes of Financial Technologies, NSEL board meets
-Assessing steps Financial Technologies board took to fix NSEL mess

MCX-SX:
-Joseph Massey resigns as MD & CEO with immediate effect
-Jignesh Shah resigns as VC & Shareholder director with immediate effect
-Thomas Mathew nominated as public interest director
-Whole-time Director U Venkataraman will assist in running exchange
Alert: MCX-SX board rejig post EGM yesterday
Alert: SEBI asked MCX-SX shareholders to undertake EGM

Reliance Infrastructure
-Board okays raising funds up to Rs 2,500 crore
-To raise funds via ECBs, FCCBs & rupee term loans/NCDs

JM Financial
-Intimates about changes in constituents of promoter group
-Anil Kampani & Harith Kampani not to be part of promoters
-Kampanis' 13 lakh shares will be part of public shareholding

PTC India Financial Q2
-Revenues up 49.7 percent at Rs 109.5 crore versus Rs 73.1 crore
-PAT up 4.3 percent at Rs 30 crore versus Rs 28.75 crore

Goa Carbon Q2
-Revenues down 5 percent at Rs 93.16 crore versus Rs 97.66 crore
-PAT down 89 percent at Rs 1.19 crore versus Rs 11.04 crore

Dena Bank cuts interest rates on retail loan products
-Dena Bank to offer home loan up to Rs 1 crore at base rate
Alert: Dena Bank's base rate currently stands at 10.25 percent
-Dena Bank to offer home loan above Rs 1 crore at 10.50 percent
-Dena Bank cuts interest rates on car loans by 100 bps to 11 percent

Other stocks and sectors that are in news today:
-Oil ministry seeks cabinet nod for a general amnesty scheme: ET (move may help Reliance Industries retain USD 10 billion oil fields)
-International Finance Corporation (IFC) floats USD 1 billion re-bond: ET
-Rating downgrade of desalination plant may derail IVRCL's exit plan: ET
-Finance Ministry nod likely for SBI's Rs 8000 crore QIP or FPO: ET (4 others PSU banks may also be allowed to raise funds via QIP)
-Tata Steel might sell assets worth USD 1.2 billion: Agencies
-Indian Overseas Bank slashes interest rates by 2 percent on consumer durable loans: PTI
-PSU selection board recommends B Ashok as IOC Chairman (Alert: B Ashok is currently executive director (retail sales) at IOC)
-Trident board okays merger of Trident Corp with itself

Rajya Sabha takes up petition on rising non-performing assets in banks
Alert: Petition filed by member of Rajya Sabha
-Rajya Sabha's committee of petitions issues public notice
-Committee grants 15 days for replies from all stakeholders            

first published: Oct 10, 2013 08:25 am

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