Here are stocks that are in news today:
Results Today: Bharti Airtel, BHEL, IDFC, Adani Enterprise, Marico, Jet Airways, TVS Motors Karur Vyasya Bank, HCC, MCX, Corporation Bank, DCM Shriram, Piramal Life, 3i Infotech, Century Plyboard, Godfrey Philips, Graphite India, Mahindra Ugine, Nelco, TTK Healthcare, AB Money, Autoline Industries, Servalaxmi Paper, TCI Finance, Technocraft
RBI releases draft norms on review of restructuring of loans
-Suggests 5 percent provision on new standard recast loans from April 1
-Moots 3.75 percent provision on existing recast loans as on March 2014
-Moots 5 percent provision on existing recast loans as on March 2015
-RBI Draft: Restructured loans not to be considered standard after April 2015
Bajaj Auto partner KTM buys Husqvarna from BMW
-Husqvarna to be wholly-owned subsidiary of KTM Auto
Alert
-Italy-based Husqvarna a niche off-road motorcycle brand
-First major acquisition by KTM since Bajaj bought stake
-Bajaj Auto owns 47 percent in KTM, Husqvarna bought by BMW in 2007
-Husqvarna makes motorcycles between 125 cc and 600 cc
-Bajaj's Chakan plant may manufacture Husqvarna products
Exclusive Bajaj Auto's Rajiv Bajaj says
-Want to be present in every meaningful segment globally
-Prefer inorganic route to drive growth
-Bajaj's stake in KTM has increased over the years
-Anything that strengthens KTM brand helps Bajaj Auto
-At front-end, Husqvarna and KTM must retain own identities
-Every attempt will be made to strengthen individual brands
-Don't see any reason why in principle Bajaj can't manufacture Husqvarna brands in India
-We are already manufacturing KTM bikes at Chakan
-In near future Husqvarna can be manufactured at Chakan
CNBC-TV18 exclusive: TVS Motor says
-No impact of Husqvarna deal with KTM on TVS
-TVS-BMW talks unaffected due to today's announcement
Alert
-TVS-BMW have been in talks since last few months
-TVS had said earlier deal with BMW will be completed by March
CNBC-TV18 exclusive: Finance Ministry keen to divest 13.5 percent stake in Neyveli Lignite (NLC)
Alert: Government proposed 5 percent divestment in Neyveli Lignite for FY13
Sources say
-NLC maintains divestment only when unions agree
-NLC divestment slated for FY14
Alert: Government currently holds 93.5 percent stake in Neyveli Lignite
Other stocks and sectors that are in news today:
-OIL India offer for sale today, floor price set at Rs 510/share, government to divest 10 percent stake
-SC to hear PNGRB, Indraprastha Gas case on Friday
-Jindal Steel makes USD 232.65 million bid to acquire Gujarat NRE Coking Coal: PTI
-Pipavav Defence to sell 26 percent stake, clutch of corporate majors said to be in race: BS
-Global investors not buying India story, not a single retail FDI proposal has come in since FDI in retail was opened up: ET
-ONGC Videsh (OVL) to battle out with other Oil majors for Videocon’s 10 percent stake in Mozambique block: ET
-Legal battle brews for Indian Hotels (IHC) as company gets eviction notice for Taj Mumbai: BS
D K Mittal, Outgoing Secretary, Financial Services to CNBC-TV18
-Expect guidelines for new banking licenses in 2 weeks
-Consultations between RBI and Govt complete on banking licenses
-RBI & Govt have agreed on not applying filters ab initio
-Will not make any class of entities ab initio ineligible
-Instead of class of investors being ineligible, RBI will apply fit and proper criteria
-Not a capital surplus country, not many entities will meet minimum capital requirements
-Have asked RBI to develop a framework for local, national and international banks
-PSBs will need Rs 2 lakh crore as equity infusion over next 6-8 years
-FHC has been discussed with RBI, being vetted legally
-Maintaining govt's majority share holding addressed in FHC framework
-Divestment in SUUTI will require cabinet approval
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