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

Maruti Suzuki | Tata Metaliks | Infotech Enterprises | Man Industries | Bombay Rayon | SKS Microfinance | Oberoi Realty and Financial Technologies are stocks, which are in the news today.

September 26, 2013 / 09:49 IST
     
     
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    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

    first published: Sep 26, 2013 08:26 am

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