Stocks in news: Engineers India, HPCL, SBI, Guj NRE, Alok
Sintex Industries | Engineers India | HPCL | GVK Power | SBI | M&M | Gujarat NRE Coke | Kingfisher | Aksh Optifibre | Bharti Airtel | Idea | Reliance Comm and Alok Industries are stocks, which are in the news today.
January 10, 2013 / 10:14 IST
Here are stocks that are in news today:
Results Today: Sintex IndustriesCabinet Committee on Economic Affairs (CCEA) agenda:
-Divestment of 10 percent paid up equity of Engineers India (EIL) through FPO
-Government currently holds 80.40 percent stake in EIL
-Government expects to raise about Rs 766 crore from EIL FPOOil Ministry sources say: PTI
-Proposes Rs 3-4.50/litre hike in diesel prices (BPCL, HPCL, IOC, ONGC in focus)
-Proposes hike of Rs 100 in LPG rates
-To bear additional subsidy arising from raising LPG cap
Alert: Finance Ministry refused to bear additional subsidy arising from raising LPG cap
-Proposes to up LPG rates by Rs 100/14.2kg cylinder in 2 instalments
-Proposes to quarterly hike of Rs 50/cylinder till losses wiped-off
-May up kerosene rates by Rs 35p/litre per month (Rs 1/quarter) till March 2015 GVK says: From NewsWire18:
-Looking to raise funds for Mumbai Airport project
-Got Australian government approval for coal project
-In talks for funding Australian coal project
-Hope to tie up funds for Australian project by September
-Indonesian Airport project on track
-Company cautious on international expansionAlso Read
Global mkts positive; will Nifty crawl back to 6k?
Bull's eye: Buy Suzlon Energy, SPIC, short SAIL, HDILGovt sources say: CNBC-TV18 Exclusive
-Cabinet to take up bank recapitalisation proposal today
-Proposal seeks Rs 12,500 crore recapitalisation in PSBs in FY13
-Banks include SBI, PNB, Union Bank, Central Bank
-Exemption from cabinet nod for bank recapitalisation till 2018 sought
-Finance Ministry exempt cabinet ok for Tier I recapitalisation to be in line with Basel IIIM&M says:
-Signed sale purchase agreement for buying out Navistar stake earlier this week
-Q4 stronger compared to Q3 for commercial vehicle (CV) segment
-Expect CV to start turning around from Q1FY14
-Ssangyong sales increased by 6-7% in 2012
-Growth for South Korean market was 23 percent for 2012
-Market share for Ssangyong increased to 14 percent from 11 percent in South Korea
-Looking at building up capacities for Ssangyong
-Sticking to USD 900 million investment for production development
-No more Ssangyong products till Rexton sales stabilise at 600 units per month
-No significant expectations for tractors to sell more than 4-5 percent in FY14Gujarat NRE Coke Q3
-Net profit at Rs 20.1 crore versus Rs 1.9 crore (YoY)
-Net sales at Rs 527 crore versus Rs 335.6 crore (YoY)
-Forex loss at Rs 19 crore versus loss of Rs 24.5 crore (YoY)DoT issues one-time fee demand notice to telecom companies: Sources Say
-Bharti Airtel to pay Rs 5,200 crore one-time fee
-Idea to pay Rs 1,882 crore one-time fee
-Reliance Communications to pay Rs 173.47 crore one-time fee
-BSNL to pay Rs 6,912 crore one-time fee
-Telcos to pay amount due within 10 days
-Total payment to be made in equal instalments
-Equal instalments to be spread over licence period
-One-time fee demand likely to be challenged by telcos
-Telcos likely to approach TDSAT for reliefKingfisher Airlines engineers
-To write to management on their strategy to recapitalise airline
-For details on revival plan and on flying permit renewal
-On disbursement of salaries to employees
-To file winding up petition under Companies Act if management doesn’t replyAksh Optifibre in discussion with bondholders for settlement/re-structuring of FCCBs
Alert: Aksh Optifibre’s FCCBs issued aggregating to USD 20 million 2008, matured on January 8Other stocks and sectors that are in news today:
-SBI plans bad loan sale: Bloomberg
-Alok Industries mulls exit from retail business: BS
-Supreme Court rejects Sahara plea to review August 31 order on OFCDs refundFM to make pitch for higher FII investments into India: Sources
-To conduct overseas investor meets end of this month
-FM to travel to Hong Kong, Singapore, Frankfurt
-Finance Ministry keen on higher FII flows to bridge current account deficitRBI Deputy Governor:
-Need more retail involvement in government, corporate debt market
-In talks with government to push inflation-indexed bonds
-Worried savings rate to GDP ratio is declining
-Bringing down taxes on debt mutual fund being mulled
-Tax treatment is unequal among debt & equity mutual funds
-For inflation index bonds, work is in progress
-To conduct open market operations if liquidity continues to be tight Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
