Here are stocks that are in news today:
Power ministry warns gas price hike to negate discom bailout package: CNBC-TV18 exclusive sources
-Power ministry suggests differential pricing for sector
-Any increase in gas cost to put enormous burden on discoms
-Every dollar hike in gas price to impact power sector by Rs 10,400 crore per annum
-Domestic gas should be priced in Rupee terms
-Oil ministry's indicative USD 6.775/mmbtu price computed for April 2013
-USD 6.775 not true representative of prices beyond April, 2014
-Prices beyond April 2014 will be higher due to LNG import price rise
Sources say: Power Ministry proposes
-Downstream consumers be charged different gas prices
-Differential pricing commensurate to price appetite
-Base price of domestic gas beyond USD 5 not viable for sector
Indian IT companies likely to hit Visa hurdle in Australia: CNBC-TV18 Exclusive Sources
-Australian govt looks to crackdown on overuse of '457 visa'
Alert: 457 Visa is long term work visa for foreign workers
-Australian govt reviewing overuse of ‘457 visa’ route
Australian govt says
-IT sector one of worst offenders of 457 visa overuse
-Indian IT companies with presence in Australia may come under scanner
Alert:
TCS,
Infosys,
HCL Technologies have presence in Australia
-Crackdown likely to increase local hiring
Neyveli Lignite (NLC) Divestment:
-Unions at company to issue a notice to management today
-Unions at company to begin an indefinite strike
Alert: Unions are against 5 percent NLC divestment
Alert: Unions represent 17,500 workers in NLC
Unions say
-To force shutdown to stop inclusion of private investors’ ownership at company
SBI chairman says: Sources cogencis
-To merge 1 associate bank in FY14
-Need Rs 1000-3000 crore for 1 associate merger
-Capital a constraint for associates' merger
-To firm up capital raising plan by July
Polaris CEO says
-Have a strong system in place, will look at rejig in 2013
-No question of strategic investor in products biz
-Each biz getting restructured as planned
SAT to hear Fresenius Kabi appeal against SEBI on June 24
Alert: Fresenius Kabi appealed versus SEBI order related to MPS norm
CNBC-TV18 exclusive
Tata Communications:
-All set to launch first white label ATMs across country
-Subsidiary Tata Communications payment solutions will rollout 5,000 ATMs in first year
-To roll out a total of 15,000 ATMs over next 3 years
-ATMs to be owned, operated by company; to be under brand name Tata
-Company in talks with banks like Federal Bank to handle cash management and settlement operations
S Mobility CMP at Rs 38.5; stock up 5 percent
-Market cap Rs 920 crore
-Face value of stock at Rs 3/share
-Maximum buy back price Rs 75/share
-Buy back value cannot exceed Rs 60 crore
Ex-Dividend
-
Alstom T&D – Rs 1.8/share
-
Indian Bank – Rs 6.6/share
Other stocks and sectors that are in news today:
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HCL Tech signs multi-year pact to provide it consultancy services to Vestas
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Bharti Airtel to reduce 4G data charges by 31 percent from today – ET
-
Ranbaxy's Mohali unit too appears to be under USFDA scanner – BS
-Government nudging
LIC, to exercise greater control, including seeking more board seats if needed, in some of the listed companies in which it has sizeable holdings to ensure the safety of investments – ET
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Zydus Wellness allots Rs 550 crore from acquisition, scouting for OTC brands – BS
-Govt may scrap SEZ policy – BS
-
Moser Baer loan recast stuck with promoters unwilling to bring in personal guarantee and bankers not willing to accept its brand as collaterals – FE
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Electrosteel's Rs 7000 crore loan to be referred to CDR cell by July – PTI
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Havells India to be included in Nifty Midcap 50 index, replacing Sintex Industries with effect from July 26
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Jyothy Labs (CMP Rs 199) closed 5 percent higher on Friday: MS Asia Singapore sells 8.5 lakh shares of Jyothy Labs at Rs 201/share
Goa CM Says:
-Expect mining in state to resume by September-October
-Have sought Rs 3000 crore from centre for mining ban loss
RBI
-Cuts risk weight, provision for loan to residential home units
-RBI residential home project loans to attract 75 percent risk weight
-0.75 percent standard provision on residential home project loans
