Here are stocks that are in news today:
CCEA meet today: To consider-National Fertilisers (NFL) divestment
-Proposal to divest 7.64 percent of GOI stake in NFL
-Yes Bank proposal for higher foreign equity
-Yes Bank proposal for up to 60 percent foreign equity via QIP
-QIP for eligible non-residents &/or GDR issue
-Reimbursement of Cotton Corporation losses on MSP operations
Alert: MSP is Minimum Support Price
-Price policy for kharif crops for 2013-14 season
-Fixation of domestic gas prices as per Rangarajan report Panic in rupee is unwarranted; will correct itself: Finance ministry sources
-FIIs have aggressively bid for G-Secs Rupee collapse due to defence and crude oil related demands: Govt sources say
-About USD 250-300 million requirement seen today on defence account
-No advance intimation from defence min on dollar needs
-About USD 200 million requirement from oil importers seen yesterday
-Yesterday’s total dollar demand was at about USD 1.2 billion
-Additional demand of USD 400 million seen in forex markets yesterday
-Speculations on exchange rate added to rupee collapse yesterday
-All factors played out simultaneously Coal India board approves fuel supply agreement (FSA) with NTPC; to sign pact within 2 Weeks
-Coal India says contentious issues with NTPC over fuel supply resolved Religare Enterprises
-Promoters to sell 22.75 percent stake in company to US based bank
-Promoters stake sale to meet RBI norms for banking licence
-Customers Bancorp of US picks 6.1 percent in company for USD 51 million
-To issue USD 28 million warrant, USD 1 million shares to Customers Bancorp
-Promoters to sell USD 22 million worth shares to Customers Bancorp
-To also ink business alliance pact with Customers Bancorp Oil India says
-Plan to fund Mozambique buy via overseas bonds
-Rupee depreciation not to impact Mozambique deal
-Every dollar increase in USD 4.2 to boost topline by Rs 400 crore
-Every dollar increase in USD 4.2 to boost bottomline by Rs 250 crore
-Gas price of USD 6.7 to boost topline by Rs 1,000 crore
-Gas price of USD 6.7 to boost bottomline by Rs 625 crore
-Gas price of USD 6.7 to impact EPS by Rs 10/share Inter ministerial group: PTI
-Recommends issuing showcause notices to 40 more coal mines
-Companies issued showcause notices are Jindal Steel, Hindustan Zinc and Ultratech Cement
-Showcause notices issued for delaying production
Alert: Coal ministry had issued showcause notice to 30 coal mines earlier this month Sasan Power:
-CERC directs company to retest 101 MW capacities
-Fresh testing of SPL unit to achieve tested capacity
-CERC order based on WRLDC petition
Alert: WRLDC is Western Regional Load Despatch Centre
Alert: WRLDC had petitioned CERC against Sasan Power
-Fresh testing for company units in accordance with PPAs
-CERC refused to accept Sasan’s earlier COD of March 31, 2013
-CERC terms power generated before COD as ‘infirm’ power
Alert: Infirm power is electricity generated prior to commercial operations
Alert: COD is Commercial Operational Date
Alert: Sasan Power is Reliance Power UMPP
Alert: Sasan Power has a capacity of 4,000 MW Reliance Power Says
-Sasan Power to move appellate tribunal to quash CERC order
-WRLDC has no locus standi to question COD
-WRLDC plea listed on May 23 for hearing at CERC
-Hearing was confined to maintainability
-Surprised CERC order dealt with merits of IE certificate
-Sasan Power or IE was not heard, order ex-parte
-WRLDC order violative of justice, not tenable in law CCI meet today to consider ITC pulp project: Sources
Alert: CCI is cabinet committee on investments
-ITC requires 445 hectares of forest land in Andhra Pradesh
-ITC to expand plant to 2 lakh tonne per annum
-Initial capex of Rs 3,500 crore planned over 5 years
-Forex savings worth USD 260 million per annum expected Ex-Dividend
-HDFC Bank – AGM – Rs 5.5/share
-HDFC – Rs 12.5/share
-Century Enka – Rs 6/share
-Ingersoll Rand – Rs 3/share
-Sobha Developers – Rs 7/share Other stocks and sectors that are in news today:
-Lenders of Winsome Diamonds refuse recast, company owes Rs 4000 crore to consortium of 15 banks – FE
-French Company Vicat to buy Shriram Group's cement unit for Rs 1000 crore – TOI
-Magma Fincorp makes an application to RBI for banking licence
-Shree Ganesh Jewellery board to meet today to consider issue of preferential shares
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