Here are stocks that are in news today:
Moody's:
-India's rating outlook stable
-India's Baa3 sovereign rating supported by credit strengths
-India's rating constrained by poor infrastructure, high government deficit
Govt sources say:
-May delay
PSU bank recapitalisation if markets remain volatile
-PSU bank recapitalisation was planned for Q2FY14
-Hope Pension Bill will be passed in parliament today
-No contentions over FDI limits in Pension Bill
-Proposed FDI limits for Pension Bill to be same as those in Insurance Bill
Bharti Airtel to CNBC-TV18:
-Taken USD 500 million dollar dominated debt in India
-Have net cash against net debt on consolidated basis in India
-Dollar-rupee movement impacts only dollar dominated debt taken in India
-Have USD 10 billion global debt across operations
-No impact on international assets due to appreciation of Dollar
Forward Markets Commission (FMC) sources say
-Only Rs 68 crore collected in NSEL's escrow account so far
-FMC sends warning to NSEL, its management
FMC says:
-NSEL has not complied with directions of the commission
-NSEL was asked to disclose party-wise payment on website
-NSEL should disclose client wise payout positions of IBMA (Indian Bullion Market Association)
-NSEL is not furnishing correct or reliable details
-NSEL giving different information on different occasions
FMC asks NSEL:
-Reconcile differences in payout obligation to members
-No reliable information prior to 1st scheduled payout date
-Reconcile the trading member/client-wise obligation of IBMA
-Disclose names of all trading members supposed to get payout
-Disclose on website party-wise amount deposited in escrow account
-Reconcile the amount of pay-in due to NSEL and pay-out to be made
-Submit details of VAT amount due and to be collected from various members
-Doubts over reliability of payment figures by NSEL
-Will view any further instance of non-compliance seriously
-Necessary action would be initiated for non-compliance
Subramanian Swamy
-Writes to Competition Commission of India (CCI) against
Jet-Etihad Deal
-Deal to impact competition & Indian Air travellers
Karur Vysya Bank-Ups base rate by 25 bps at 11 percent effective today
-Ups BPLR by 25 bps at 16 percent effective today
Infosys:
-Appoints 3 senior executives to executive council
-Appoints R D Mavinakere, Binod Hampapur Rangadore & N Radhakrishnan
-Mavinakere, Rangadore will drive cosy optimisation initiatives
-New executives will play key role in implementation of turnaround strategy
Hathway Cable board approves preferential allotment of 52.75 lakh shares at Rs 284 a share
-Preferential allotment to Hathway Investments Private - 14.05 lakh equity shares
-Preferential allotment to P6 Asia Holding Investments IV Mauritius - 38.7 lakh shares
Other stocks and sectors that are in news today:
-Government
bars duty free import of TV sets from August 26
-Government won't seek IMF aid for forex: ET
-
IDBI Bank,
Kotak Mahindra Bank lock horns over sale of
Deccan Chronicle assets: ET
-
Canara Bank ups interest rates of some domestic term deposits applicable today
-Niyamgiri Gram Sabhas say emphatic no to Vedanta plant
-
FACT transfers 5.54 crore shares to Special National Investment Fund to make company complaint with SEBI minimum public shareholding norms
-
Ramky Infra: CRISIL revises rating outlook to CRISIL D on long term & short term bank facilities of company
-
Reliance MediaWorks extends rights issue closing date to September 4
-Ex-Dividend:
Gujarat Apollo Rs 10 (CMP Rs 101, market capitalisation Rs 167 crore)
RBI ups FDI limit in ARCs (Asset Reconstruction Companies) to 74 percent from 49 percent
RBI says:
-74 percent FDI limit in ARC would be combined limit of FDI & FII
-Total shareholding of individual FII shall not exceed 10 percent of total paid-up capital
