Here are stocks that are in news today:
Political Theatre
-Congress withdraws from West Bengal, end ties with Trinamool Congress
-Congress to initiate merger talks with Telangana Rashtra Samithi (TRS), focus on statehood for Telangana
Prime Minister on economic reforms
-India at a point where it can reverse slowdown
-Rapid growth needed to raise revenues to financial social spend
-Recent decisions taken to revive investor confidence
-Fiscal deficit would have widened without fuel price hike
-Would have been a failure had steps on crisis not been taken
-Fear small traders will be wiped out with FDI in retail baseless
-Determined to see India avoid Europe like crisis
FDI in retail to benefit farmers
-Subsidy on petro products to be Rs.1.6 lakh crore in FY13
-Will do everything to put economic back on high growth path
-Hiked diesel prices by Rs 5/litre versus Rs 17/litre needed
-LPG rationing not to hit people below poverty line
-Did not touch price of kerosene consumed by the poor
-To soon bring new companies bill in parliament
Unions protest Maruti Suzuki lay off over 500 workers
-Unions demand immediate reinstatement of sacked workers
-Gurgaon auto companies unions hold protests
Delhi HC says
-Coal inter ministerial group's (IMG) adverse orders not to come into effect for a week
-Coal IMG's orders on JSW, SKS Ispat, and Bhushan Steel Blocks
Confusion over FDI in civil aviation sector
-Department of industrial policy & promotion (DIPP) on FDI in aviation
-Press note said FDI & FII subsumed in 49% capital
-DIPP now says FDI & FII are not subsumed
Other stocks and sectors that are in news today:
-Jet Airways, Air India announces 40% discount on bookings done 1 month in advance to garner more market share: ET
-Oil companies may cut prices on falling crude prices and strengthening rupee: TOI
-SAIL shareholders approves buyback
-Planning commission has suggested spinning off Coal India's subsidiaries into separate entities: PTI
-GVK Infrastructure seeks 660% hike in aeronautical tariff. Also seeks introduction of user development fee: Mint (operates Mumbai Airport)
-SBI cuts BPLR by 25 bps to 14.5%
-Jain Irrigation allots 75 lakh warrants to promoters at Rs 86.30/share on a preferential basis
-Punjab State Industrial Corp to divest its 44.26% stake in Punjab Alkalies and Chemicals (CMP Rs 25/share, market cap Rs 51 crore)
-SKS Ispat, Bhushan Steel move against de-allocation of coal blocks: ET
-The Competition commission of India (CCI) may order probe into oil marketing companies' price moves: ET
-BPCL to offer 51% stake to LG Chemical in Rs 6000 crore Kochi plant: PTI
-NTPC awaiting for re-allocation of 5 of its cancelled blocks: BS
-JSW’s Bengal plant might be delayed due to de-allocation of Gaurangidh ABC coal mine: PTI
-Stocks Ex-Dividend: Kilitch Drugs - Rs 30/share (Special Dividend)
-Government lines up a slew of steps like raising ceiling for foreign borrowing, easing curbs on portfolio investors etc: ET
-Government is poised to unveil measures aimed at reviving the insurance sector: ET
-Centre bans states from allowing companies to export iron ore from captive mines: ET
-CP Joshi gets additional charge of railways till cabinet reshuffle happens
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