Stocks in news: Godrej Consumer, IFCI, Indian Hotel, Apollo

Here are stocks that are in news today:

Cooper Tire Says: Reuters
-Apollo Tyres asked for takeover deal price to be cut by more than USD 2.50/share
-Apollo Tyres asked for takeover deal price cut by USD 2.50/share on October 3

Cooper Tire to CNBC-TV18:
-Have not agreed that share price reduction is warranted
-Situation with United Steel Workers union (USW) can be resolved in a timely manner
-Ask Apollo to proceed toward resolution with USW
-Pleased Apollo shares company's commitment to strategic merits
-Situations with USW and China JV direct result of merger agreement
-Apollo assumed these risks under the merger agreement
-Look forward to closing deal with Apollo Tyres
-W.r.t. China, been prevented by JV to access certain financial information
-'We continue to work toward resolving the issues in China'

RBI announces measures to improve liquidity conditions
-RBI cuts marginal standing facility (MSF) by 50 bps to 9 percent from 9.5 percent
RBI says
-To provide additional liquidity via 7-Day & 14-Day term repos
-7-Day, 14-Day term repos every Friday from October 11
-Weekly Term Repo for 0.25 percent of banks' net demand, time liability
-RBI to issue detailed guidelines w.r.t term repos separately
-RBI cuts bank rate by 50 bps to 9 percent from 9.5 percent with immediate effect
Alert: Bank rate adjustment follows MSF rate cut

IOC sole bidder for Haldia Petrochemicals: PTI sources
-IOC sole bidder for West Bengal government's stake in Haldia Petrochemicals
-IOC makes offer of less than Rs 3000 crore for Haldia Petro stake

NSE changes
-NSE to shift 26 stocks to restricted trade segment from October 11
-Includes names Bharati Shipyard, Essar Shipping, 3i Infotech, Bartronics India, Ramky Infrastructure & Zenith Birla (India)

Financial Technologies says:
-Received a show cause notice from Forward Markets Commission on October 5
-Show cause notice on company’s fit & proper status as MCX shareholder
-Will reply to notice suitably in due course of time

Financial Technologies says
-Economic Offences Wing (EOW) raided residence of NSEL directors on September 30
-EOW raided residence of Jignesh Shah on September 30
-Have received no official communication from EOW or NSEL w.r.t raids yet

GSK Pharma says
-Products not being purchased in major areas of country
-Products not being purchased by trade since September 15
-Sales continue to be affected on lacking purchases

New Delhi Municipal Council
-Extends lease of Taj Mansingh to Indian Hotels by 6 months
-Extends Taj Mansingh's lease by 6 months to April 2014

Government may infuse additional capital of Rs 6000-8000 crore in PSU banks in FY14: Govt sources
Alert: FM budgeted for Rs 14000 crore capital infusion in PSU banks
-Additional capital infusion to up banks’ lending capacity

Bajaj Hindusthan says
-In process of delisting GDRs from Luxembourg stock exchange
-To withdraw from Euro MTF market today: Reuters

Other stocks and sectors that are in news today:
-Jet Airways: SC to hear Subramanian Swamy’s plea on Jet-Etihad deal today
-Brigade Group launches premium residential project in Bengaluru
-Government set to ok spectrum sharing before auctions: ET
-With no takers for 6 lakh homes in country, realtors lure buyers with goodies: ET
-IFCI to rejoin corporate debt restructuring (CDR) cell as revamp plans falter: ET
-Jindal Steel & Power may buy 1320 MW coal based power plant in Andhra – BS
-30 NSEL warehouses empty, 17 fake says EOW: TOI
-SBI appoints Arundhati Bhattacharya as chairperson
-YES Bank seeks shareholders' nod to up borrow limit to Rs 30000 cror3
-Oriental Bank of Commerce (OBC) cuts deposit rate by 25 bps for deposits over Rs 1 crore applicable today
-Reliance Communications offers 84 percent cut on call tariff on international roaming to Saudi
-Apollo Munich Health Insurance ties up with Canara Bank for sale of its policies
-Godrej Consumer to buy 30 percent equity stake in Mumbai based Salon Chain B:Blunt
-Haryana government cuts value added tax on textile, home furnishing items to 5 percent from 12.5 percent

Finance Minister: From Reuters
-Government and RBI to take many more measures to stabilise economy
-To take many more steps in next few weeks & months
-Must address issue of more than budgeted fuel subsidy
-Must address issue of more than budgeted food subsidy
-Steps may including RBI unwinding of steps to curb rupee volatility
-Confident income from PSU stake sales will hit budget target
-Not to allow 4.8 percent fiscal deficit 'red line' to be breached
-2-3 telecom FDI proposals 'just round corner'
-Do not think Walmart Asia CEO’s words on investing in India company’s ‘final words'

Banking secretary Rajiv Takru says
-Expect banks to reduce lending rates by 0.25-2.5 percent
-'We will make capital available'
-Up to boards of PSU banks' to decide on cut in lending rates
-Capital infusion to be in all public sector banks
-Cut in MSF will have positive impact on the economy
-Lending rate likely to decline for white goods, auto products
-Hope banks will reduce rates on home loans as well