Here are stocks that are in news today:
Lok Sabha-Cleared Banking Amendment Bill and Companies Bill
-Passage of Banking Amendment Bill paves way for new licences FM on Banking Bill:
-Banking Bill amendments have clear objectives
-A bill in banking liable to be misunderstood
-UPA committed to strengthening PSBs
-Banks cannot grow unless more capital is infused
-Banks cannot lend if CAR reaches saturation point
-Will infuse another Rs 15,000 crore in PSBs by March 2013
-Most provisions of Banking Bill to strengthen RBI
-Most of Standing Committee's recommendations have been brought in
-RBI will be regulator for all banking activities
-Sufficient safeguards in Banking Bill for idle accounts
-Banks anti-competition practice under Competition Panel
-No provision regarding merger in Banking Bill
-No new provision on FDI in banks in Banking Bill
-Plan to open 6,000 new branches of PSBs, to recruit 84,000
-Economy will recover in 6-8 months
-Indian banks are well capitalized
-India will be ahead of Basel-III norms
-Banks have enough liquidity to lend to all sectors
-India needs 2-3 world-sized banks
-Need consolidation for world-sized banks
-There is case for merger of banks Finance Ministry sources on Bill
-Expect movement on new bank licences soon
-If Banking Bill passed in Rajya Sabha, notification in a week
-Notification on Banking Bill after President's assent
-Banking Bill prepared in consultation with RBI
-RBI to take call on when to invite licences' application
-Bank recapitalization to be taken up after Parliament session
-There is a timeline for issuance of new bank licences
-Up to RBI when they will issue guidelines for licences Also Read
Market watch: Cues that will guide Nifty today
Bull's eye: Buy Unitech, Sintex, Aurobindo, IFCI Sources on Banking Bill
-Process of inviting applications by RBI in 2013
-Finance Ministry and RBI in agreement on way forward
-Independent Committee of RBI to vet applications as per guidelines
-Unlikely that any quota for number of licences will be set
-RBI to issue licences only to 'fit & proper' applicants
-Preference likely to NBFCs as applicants for new licences
-Govt view that several new banking entities be born Land Acquisition Bill to be taken in Budget Session
-Insurance Bill not to come up in Winter Session CCEA to consider divestment of 12.5 percent equity in RCF
-Government holds 92.5 percent equity in RCF
-CCEA scheduled to meet this Saturday Aviation Minister Ajit Singh says
-DGCA has not received any revival plan from Kingfisher Airlines yet
-Kingfisher has to satisfy DGCA that it has enough financial strength
Alert
-Kingfisher licence expires on December 31 Eros Worldwide
-To sell 2.8 percent or 25.73 lakh shares in Eros International via Offer For Sale
-OFS to take place on December 20
-Floor price to be announced today
Alert
-Kotak Securities sole broker to Eros deal Maruti acquires 500 acre of additional land in Gujarat for Rs 150 crore: Sources
-Land acquired directly by company to expand Gujarat base
-Only 75 out of 500 acres given to company by Gujarat Government Other stocks and sectors that are in news today:
-Clear Water Capital makes open offer for 26 percent in Kamat Hotels at Rs 135/share (CMP Rs 132.80)
-F&O Exclusion: Suzlon and Gujarat Fluorochemicals from March 1st
-Wipro to hold shareholders' meet on December 28 to approve unit demerger
-M&M Financial to consider a stock split on December 21
-Nalco resumes bauxite mining on MoEF nod
-Videocon DTH files DRHP, plans to raise Rs 700 crore via IPO
-ABG Shipyard bags Rs 485 crore from the Ministry of Defence: BS
-Shriram City Union Finance gets CCI nod for merging group companies
-Jagran Prakashan raise Rs 150 crore via NCDs
-M&M buys out truck JV partner Navistar’s stake for Rs 175 crore
-PC Jeweller issue price fixed at Rs 135/share
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