Stocks in news: HCL Tech, Man Ind, Bombay Rayon, Oberoi

Here are stocks that are in news today:

Financial Technologies AGM: Jignesh Shah says
-Making all efforts to come out of current situation
-Few items mentioned in earlier agenda shifted to next AGM
-In constant touch with NSEL investor forum
-Trying to resolve NSEL issue within six months
-Cannot say NSEL management has made a mistake
-Trying all methods to recover money from 23 borrowers
-FCCB, ECB loans have been repaid
-Fully understand the government's stand on NSEL issue
-Financial Technologies has nothing to do with NSEL issue
-Have stood by the small investors
-Ownership-management has been separated in MCX-SX
-Resolving audit related issues is in everyone's interest
-‘Cannot comment on behalf of auditors’
-Need support from the NSEL investor forum

I-T department: PTI sources
-Probing NSEL payment to Financial Technologies
-Probes if NSEL violated rules while transferring money to Financial Technologies

SEBI says:
-To ascertain the facts from Financial Technologies on auditor’s report
-‘Our fit & proper criteria is laid out'
-To act on MCX-SX if any breach of fit & proper criteria
-Will examine findings of other regulators too

Oberoi Realty offer for sale (OFS) today (CMP Rs 167)
-Promoter to sell 1.14 crore shares of company via OFS today
-Sets floor price for OFS at Rs 158/share

Other stocks and sectors that are in news today:
-RBI cracks the whip on retail finance scheme
-RBI could ease initial capital requirement of Rs 500 crore for new bank license: ET
-Jaypee’s HP cement units on sale: ET
-Maruti Suzuki likely to hike prices in October by upto Rs 10000: Reports
-Infotech Enterprises in talks to buy US firm: Agencies
-Tata Steel’s plans to merge Tata Mataliks with itself faces opposition from minority shareholders: DNA
-Man Industries demerger to unlock value, say promoters: DNA
-Bayer Cropscience fixes October 8 as the record date for the buy-back
-Bombay Rayon board approves corporate debt restructuring (CDR) scheme and increase in the borrowing limit of the company upto Rs 5500 crore
-LIC Housing Finance to raise Rs 150 crore via 1-year-2-day bonds at 9.96 percent
-Geojit BNP arm has exposure of Rs 133 crore to NSEL
-Goa mining case: Government to SC - Concede some irregularity in environment okay to Goa miners
-HCL Technologies wins multi-million dollar contract to modernise unemployment insurance services in the US
-Syedain Abbasi to replace C S Verma as interim NMDC Chairman: PTI sources
-SKS Microfinance: Ranjana Kumar steps down as independent director from board
-AGM: Essar Ports
-AVT Natural Products - Ex-Bonus - 1:1

Lotus Refineries:
-Responds to NSEL notice on cheque bounce-back
Alert: Lotus refineries is one of the borrowers of NSEL
-Stoutly denies willful default
-Asks NSEL to settle dispute

Supreme Court
-Coal block allocation scam case
-To continue hearing in Goa mining case today

Government
-August fuel sales up 0.1 percent at 12.34 mt (YoY)
-August diesel sales down 0.4 percent (YoY)
-August petrol sales up 12.9 percent (YoY)

Telecom Regulatory Authority of India (TRAI):
-Releases recommendations on full mobile number portability
-Companies to get six months to implement mobile number portability
-Department of Telecommunication (DoT) must make changes in mobile number portability license
-DoT must consider reducing acceptance testing fee
-Acceptance testing fee must be reduced to 25 percent of current fee

RBI says
-Will take action to ensure adequate liquidity available
-May look at open market operations to inject liquidity in the system
-Closely monitoring liquidity conditions
-Injecting Rs 1.5 lakh crore into banking system daily
-To ensure liquidity for credit flow to productive sectors
-Managing liquidity via LAF, MSF, Export credit refinance

RBI lowers minimum maturity to 1 year from 3 years on banks’ overseas borrowings
Alert: RBI had allowed banks to borrow 3 years foreign currency funds up to 100 percent of Tier-I capital