Stocks in news: Hexaware, Future Ventures, Bharti, Exide

Here are stocks that are in news today:

ICICI Bank
-Ups base rate by 25 bps to 10 percent effective August 23
-Ups BPLR by 25 bps effective August 23
-Ups floating reference rate for consumer loans by 25 bps

National Spot Exchange (NSEL) update
-Jignesh Shah & couple of large brokerages come to some settlement
-Large brokerages include names like Motilal Oswal and Anand Rathi
-One of the things discussed is that all investors in NSEL take a 20 percent haircut
-Move should reduce the outstanding by Rs 1100 crore
-Two factions now in the claimants
-Jignesh will be probed for Rs 900 crore advance to some firms with no standing
-Govt likely to move in over weekend, if transfer of commodity markets to finance ministry happens today 

Forward Markets Commission (FMC) sources say
-Only 23 warehouses got access from SGS to conduct audits
-About 89 warehouses were supposed to get audited
-Have asked NSEL management to take legal action against those borrowers whose cheque has bounced
-Have asked to initiate default process at the earliest

Finance Minister: Mines Ministry will approach SC to relax Goa mining ban
On CNBC-TV18 - Sesa Goa says
-Welcome government move to approach SC to relax Goa mining ban
-4-6 mt of ore lying idle in Goa at the moment
-Clearance in Karnataka taking time
-Not a single hearing has been given by SC on Goa mining ban

Future Retail to CNBC-TV18
-Will continue restructuring standalone business
-Standalone business comprises mainly of electronics & home retailing
-Standalone business posts positive same-store-sales growth after 7 quarters
-Standalone business Q1 same-store-sales growth at 3.7 percent
-Will cut down exposure to white goods
-White goods require excessive warehousing & supply chain support
-Currently, focusing on furnishings, bath, linen & small products
-Will open only small format stores called hometown express
-Hometown express to be 25,000 sq ft versus 1 lakh sq ft stores open for hometown

Heavy Industry Minister writes to PM, FM & Commerce Ministry: Sources
-Heavy Industry Minister writes on relaxation of iron ore duty
Heavy Industry Minister to PM, FM:
-Iron ore production has come down to 140 mt in FY13 versus 219 mt in FY10
-Forex earning from export would be best at USD 100/mt
-Cost of importing steel would be USD 600/mt
-Economics does not justify encouraging exports
-Starving domestic steel companies of raw material would be a supply shock
-Supply side constraints expected to stay in foreseeable future
-Exports will put pressure on prices for local steel companies

Other stocks and sectors that are in news today:
-Barings to buy Hexaware Technologies for USD 400 million: ET (Hexaware board to meet today to finalise the deal)
-HDFC raises floating interest rates on housing loans by 25 bps w.e.f today
-Future Ventures to sell 22.9 percent stake in AND to General Atlantic for Rs 200 crore: ET
-Bharti Airtel in talks to sell Sri Lanka operations to Etisalat: ET
-Manulife Financial may acquire 26 percent stake in ING Life from Exide Industries: ET
-2 directors of Financial Technologies have resigned
-Godrej Properties rights issue at Rs 325/share, ratio 8:29, issues opens on August 28, closes on September 11
-Walmart exploring ways to exit Bharti JV: FE
-Larsen & Toubro (L&T) shareholders okay issue of securities via QIP
-Shree Ganesh Jewellery allots 12.8 lakh shares at Rs 125/share to non promoter on preferential basis
-Coromandel Engineering Company approves allotment of 25 lakh cumulative redeemable preferential shares of Rs 100 to Tata Capital Financials