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Stocks in news: S Kumars, Wipro, Omaxe, MCX, Coal India

S Kumars Nationwide | Wipro | Raymond | Indian Hotels | Omaxe | Gillette | Coal India | MCX India | SKS Microfinance and IL&FS Transportation are stocks, which are in the news today.

September 27, 2013 / 09:59 IST
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Here are stocks that are in news today:

Nifty Changes
-Wipro to replace Reliance Infrastructure in Nifty from today
-Wipro was excluded on April 1 from Nifty due to demerger
-No Anil Dhirubhai Ambani Group (ADAG) stock in Nifty after Reliance Infrastructure's exclusion
-Wipro to have nearly 1.5 percent weightage in the index

Lenders say
-SBI sends willful defaulter & liquidation notices to S Kumars Nationwide
-SBI’s exposure to S Kumars at Rs 230 crore
-S Kumars owes a total debt of Rs 2,000 crore to banks
-S Kumars CMD denies receiving any legal notice from SBI

No case registered by Enforcement Directorate (ED) against NSEL: Government sources
-ED has not looked into money laundering by National Spot Exchange (NSEL)
-Case to be registered only after Economic Offences Wing (EOW) action
-EOW investigating if criminality exists in NSEL case
-Criminality would be for fake warehouse receipts

Oberoi Realty offer for sale (OFS)
-Subscribed 1.6 times
-Gets bids for 1.85 crore shares
-Indicative price at Rs 167/share

Omaxe OFS (CMP Rs 142)
-Sets floor price at Rs 135/share
Alert: Omaxe promoters to sell 1.5 crore shares (8.8 percent equity) via OFS starting today

Central Vigilance Commission (CVC) may close complaints of irregularities in Jet Airways-Etihad deal: PTI sources
Alert: BJP MP Nishikant Dubey had alleged wrongdoings in Jet-Etihad deal
-Aviation Ministry submitted replies to CVC on BJP MP's allegations

Gillette on minimum public shareholding (MPS):
-Promoters to sell stipulated stake
-Poddar group to sell part of existing stake in company
-P&G Group will also sell 0.90 percent stake in company
-Shareholding agreement between Poddar group and P&G to be terminated
-Poddar Group will have no special rights in company
-Poddar Group will only be normal public shareholder
-SK Poddar and A Poddar will step down from board post shareholders' nod

Zenith Infotech
-Moves SC against winding-up order of Bombay High Court
-SC to hear company's plea against winding-up order on Monday
Alert: Bombay High Court directed winding-up due to default in payment by Zenith Infotech

Other stocks and sectors that are in news today:
-Coal India: Department of Divestment & Coal Ministry likely to meet later today to decide on the Coal India divestment
-Tata, Sistema, Aircel in talks for merger: ET
-SC upholds 5 percent value added tax on sale of flats under construction
-RBI: FIIs need approval to buy MCX India shares as trigger limit reached
-SC to continue hearing in Goa mining case on Tuesday
-SKS Microfinance reappoints R Ramachandra Rao as MD & CEO w.e.f. October 4
-IL&FS Transportation (CMP Rs 105) allots 20 crore shares on preferential basis at Rs 20/share
-From the F&O space: Indian Hotels and Raymond will not be in F&O from today onwards

BSE T2T
Stocks that would move in Trade to Trade effective from today
Some of the better known names are:
-Adhunik Metaliks
-Allied Digital
-ARSS Infrastructure
-Gammon India
-Hanung Toys
-Ind-Swift Laboratories

AGMs today
-ABG Shipyard
-CARE
-Essar Oil
-Fortis Healthcare
-Goenka Diamond
-Jain Irrigation
-Lanco Infratech
-Mcnally Bharat
-Muthoot Finance
-PVR
-Sun TV Network

Central Board of Direct Taxes (CBDT):
-Notifies final General Anti Avoidance Rules (GAAR) rules
-GAAR to be applicable from April 1, 2016
-GAAR not applicable to transactions where taxes benefit less than Rs 3 crore
-GAAR not applicable to specific FIIs
-GAAR not applicable to income from transfer of investments before August 30, 2010
-GAAR applicable if tax benefit obtained from arrangement on/after April 1, 2015               

first published: Sep 27, 2013 08:29 am

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