HomeNewsBusinessStocksStocks in news: Engineers India, HPCL, SBI, Guj NRE, Alok

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
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Here are stocks that are in news today:

Results Today: Sintex Industries Cabinet 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 FPO Oil 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 expansion Also Read
Global mkts positive; will Nifty crawl back to 6k?
Bull's eye: Buy Suzlon Energy, SPIC, short SAIL, HDIL
Govt 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 III M&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 FY14 Gujarat 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 relief Kingfisher 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 reply Aksh 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 8 Other 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 refund FM 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 deficit RBI 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
first published: Jan 10, 2013 08:10 am

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