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Stocks in news: Godrej Properties, Kingfisher, Hindalco

Stocks in news: Godrej Properties | Kingfisher | Aban Offshore | Tata Motors | Hindalco | Parsvanath | Unitech | Dolphin Offshore | Tilaknagar Industries and Thermax are stocks, which are in the news today.

March 23, 2012 / 08:53 IST
     
     
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    Here are stocks that are in news today:


    Godrej Properties IPP
    74.75 Lakh shares fully subscribed
    Subscribed 1.17x at 86.96 Lakh shares


    RBI Says
    Liquidity will remain tight till inflation is very low
    To intervene in forex market only to avoid excess volatility


    CAG Sources Say
    Final CAG report on coal block allocation in a month
    Contrary to impression, final CAG report may quantify loss
    CAG's 3-page letter blames leak on coal ministry
    CAG seeks investigation of leakage of draft report
    Draft report was shared with coal min officials
    Distraught that no action taken on earlier leaks
    Wrong to assume that CAG going back/changing stance
    Since report not final yet, loss quantification can change
    No question of disowning CAG findings or draft
    Have sought that speaker & law minister investigate leaks


    CNBC-TV18 Exclusive - Coal Minister
    No scam in award of blocks, only politics being played
    During NDA regime 40 coal blocks were allocated
    Coal rates, situation & needs were different before 2009
    Could not pass on burden of coal on to consumers
    Power, cement, steel developments were on stake
    Value of coal risen, no option but auction of blocks
    Allocation via auction will ensure upfront payment
    Will ensure timely extraction from blocks allotted
    26 of 195 coal blocks have been de-allocated
    Coal min has issued show cause notice for 58 blocks
    Preparing list of 54 blocks for next round of allocation
    Auction of 54 coal blocks may take 3-4 months
    54 coal blocks are not in 'no-go' area


    CNBC-TV18 Exclusive - Ajit Singh Says
    KFA has to stick to flight schedule and take care of financial dues
    Still looking at KFA's financial viability
    If KFA's license cancelled, will be based on DGCA report
    Government would like all airlines to continue in business
    KFA shutting down will impact jobs, passengers
    As long as KFA has 5 aircraft, license cannot be cancelled
    'It is Vijay Mallya's call if he wants to remain in biz'
    FDI proposal has been sent to commerce ministry
    Hope FDI in aviation will be cleared by cabinet soon


    Cabinet:
    May consider the proposal to wind up Specified Undertaking of the Unit Trust of India (SUUTI)
    May consider a sovereign fund to cover NPA in low cost housing
    Aban Offshore shareholders okays 3-yr extension of preference share redemption, coupon rates hikes to 10%


    Tata Motors Says
    JLR launches 500 m Pound senior notes offering

    Other stocks and sectors in the news
    Hindalco allots 15 crore warrants to 3 promoter group co
    Parsvnath to raise Rs 120 cr from Kotak Realty fund - ET
    Unitech seeks $150m to exit telecom JV - ET (*CLB to hear unitech-telenor case on stake sale today)
    Govt raises interest rate on general PF to 8.6% - ET
    Dolphin Offshore receives contract from ONGC worth Rs 270 crore
    Tilaknagar Industries acquires 100% stake in Mykingdom Ventures
    Thermax acquires Virgo Valves & Controls Ltd & its German subsidiary Rifox for Rs 13.4 crore
    Securities in F&O Ban
    first published: Mar 23, 2012 08:01 am

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