Here are stocks that are in news today:
ICICI Bank sends loan recall notice to Kingfisher Airlines (KFA): Sources-KFA likely to be NPA for ICICI Bank in Q4
-ICICI bank holds USL, KFA stake as loan collateral
-Other banks may also opt to send recall notices to KFA
-Lenders include SBI, BOI, BOB, IDBI Bank, Canara Bank, Corporation Bank KFA makes Rs 44 crore payment to I-T Department
KFA says
-ICICI Bank sought topping up of security or adjustment of loan
-Absolutely no recall of the entire loan amount
-There is no notice for the sale of securities EGoM okays export of 1 million tonnes more sugar
-EGoM okays wheat flour export under OGL without restrictions
-EGoM to review wheat, rice exports after 2 months Goa Budget on mining (Sesa Goa to be in focus)
-De-Novo review all mining licenses issued in last 10 years
-Review all licenses & carry out compliance audit
-If found important shall be referred to CAG for a review audit
-Set out parameters for environmental compliance
-Propose a comprehensive mining policy by May-end
-Mining policy to control total extraction from lease areas
-Mining policy to also look at quantum of dump handling
Coal Secretary says
-No letter received from TCI
-'If TCI is unhappy, it can sell off its stake'
-TCI influencing independent board directors on FSAs
-Directors have given their nod for signing FSAs Independent directors sound dire warning on Coal India FSAs: Sources
-Independent directors on coal India board sign joint missive
-6 non-executive directors write to GOI after March 12 meet Non-Executive Directors
-Coal India cannot promise FSAs as sought by PMO
-80% FSA neither fair, nor in public interest
-80% FSA implies 7% CAGR of Coal Production for next 20 years
-'Should not promise something that cannot be delivered'
-'Must analyse legal implications of such a move'
-'Non-exec independent directors have fiduciary responsibility'
-'Have to protect investors & shareholders of Coal India'
-Proposal will not solve problems of power sector
-Move will create resentment in non-power sectors
-Should hear affected parties before cutting FSA quantity Coal Secretary says
-Coal India board to meet on March 28 again
-CIL confident of meeting the FSAs at 80% trigger level
-FY13 target for coal production to be up by about 6% at 464 mt
-Note for coal regulator sent to cabinet secretariat
-Forming coal regulator won't delay coal block allocation
-Next round of allocation of 54 coal blocks soon
-Coal Ministry still working on bid document, methodology of allocation IPO
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