Here are stocks that are in news today:
Mayaram committee recommends 100 percent FDI in telecom and aviation, 74 percent in multi-brand retail
Department of Economic Affairs (DEA) secretary to CNBC-TV18
-Have submitted FDI report to FM
-Report only recommendations, for DIPP to take action
-‘Think rupee will find its level, no need to panic'
-Volatility in rupee only temporary
-Not true that DIPP does not have clarity on FDI
-Up to DIPP to take FDI recommendations forward now
-Monsoon session, state polls not to come in way of FDI reforms
Meeting of Ministers on July 1 or 2 on Mayaram Report: CNBC-TV18 Exclusive Sources
-New control definition for sectors proposed at 49 percent on auto route
-Control definition to need cabinet approval
-49 percent in print, broadcast on auto route with new control definition
-FDI recommendations with India's rating in mind
-49 percent in PSU refineries with new control definition
-49 percent in stock exchanges through auto route with new control definition
-All caps upto 49 percent to subsume FDI & FII
Ministry of Home Affairs (MHA), defence views to be sought on 100 percent FDI in telecom: CNBC-TV18 exclusive govt sources say
-Views of national security council also to be sought
-100% FDI proposal may have to go to EGoM
-Views of security agencies to be crucial for 100 percent FDI
Alert: Security agencies opposed FDI hike from 49 percent to 74 percent
DoT sources say:
-Telecom commission to consider telecom FDI hike proposal in next meet
-Telecom commission likely to meet on July 2
IDFC, Religare, Shriram Transport prepare to seek banking licences
-IDFC board approves application to RBI for obtaining banking licence
Religare Enterprises
-Promoters have agreed to dilute shareholding to 49 percent
-Promoters to cut stake to meet banking licence norms
-Promoters have appointed Axis Capital as advisors for stake sale
Alert: Promoters hold 71.75 percent in company as on March 2013
No price cuts likely by Bajaj Auto in export markets: CNBC-TV18 Exclusive Sources Say
Sources on Bajaj Auto
-Seeing forex gains on exports due to weak rupee
-No plans to pass on forex gains to consumers
-Cannot change prices only on forex fluctuations
Alert: Bajaj Auto had cut prices in export markets in April, 2013
4 merchant bankers in fray for National Fertilisers (NFL) stake sale; (CMP at Rs 40/sh)
-To make presentation to Department of Disinvestment on June 25
Alert: 4 bankers include IDBI Capital, Avendus Capital, SBI Cap & Kotak Investment
Other stocks and sectors that are in news today:
-NTPC, Coal India settle coal quality row, to sign fuel supply agreement (FSA) soon – TOI
-Jet Airways submits fresh agreement to win over Foreign Investment Promotion Board (FIPB) on Etihad deal, Jet to have control – FE
-IFCI board revamp and appointment of new CMD will be done by July end- Finmin – FE
-Narayan Murthy invites former top executives to rejoin Infosys in a bid to improve fortunes – ET
-Yes Bank board row may not end amicably, Gogia nominations may be rejected – ET
-HCC in red, wants to pay CMD Rs 10 cr annual package for next 3 years – ET
-Independent directors recommend HUL open offer at Rs 600 fair and reasonable
-Coal Block Scam: CBI summons former coal secretary HC Gupta as accused on Thursday
Empowered Group of Ministers (EGoM) likely to meet on June 26 to discuss spectrum auction: PTI sources
-EGoM to discuss 3rd round of spectrum auction & pricing
-EGoM to take call on number of telecom circles for auction
-EGoM to decide on auction schedule & reserve price
Alert: Spectrum EGoM is headed by Finance Minister P Chidambaram
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