Stocks in news: Rel Power, Gujarat NRE, Aban Off, Britannia
Reliance Power | DLF | Gujarat NRE | Aban Offshore | JSPL | ONGC | Britannia | GSK Consumer | Infosys | Network 18 | Maruti Suzuki and IFCI are stocks, which are in the news today.
August 24, 2012 / 09:15 IST
Here are stocks that are in news today:
Osamu Suzuki meets Gurgaon Workers Union and Management: Sources
-Suzuki non-committal on taking back 500 discharged workers
-Suzuki asks union to wait for police to complete probe
-Workers demand annual wage settlement
-Currently Maruti has wage settlement every 3 years
-Suzuki assured workers Manesar plant will not be shut downCabinet okays conversion of IFCI debentures held by government to equity
-Govt to convert optionally convertible debentures (OCDs) worth Rs 923 crore in IFCI to equity
-Govt holding in IFCI to become 55.6% post debenture conversion
-IFCI to become govt company post debenture conversion
-IFCI debenture conversion option to be exercised immediatelyNetwork18
-Offloads partial stake in bookmyshow.com for Rs 100 crore
-Will continue to hold 40% stake post stake sale
-Company’s Rs 45 crore pre-tax gain on bookmyshow.com share sale
(Moneycontrol.com is part of the Network18 Group)Infosys Chairman says (Krish Gopalakrishnan)
-IT industry expecting a period of slow growth
-Decision making gets slower but there is a pipeline
-Expect good growth for new services
-Getting used to the changed environment
-See discretionary spends coming back in US
-Financial services continue to be challenging
-Many issues putting pressure on costs in financial servicesOil Minister
-CCEA approves award of 5 blocks under NELP
-Ethanol pricing formula referred to Group of Ministers
-Cabinet panel okays cancellation of 2 blocks awarded under NELPMadras HC rules in Britannia's favor in case against GSK Consumer
Madras HC says
-GSK restrained from manufacturing, sale of Horlicks Nutribic trade name
-Horlicks has been restrained from using Nutribic trade nameCabinet defers Land Acquisition Bill 2012
-Some cabinet ministers sought more time to go over the bill
-Unlawful activities prevention act cleared by the cabinet
-Land Acquisition bill may be taken up by cabinet again next weekOther stocks and sectors that are in news today:
-Petrol price set to go up by Rs 3/litre from 1st week of September: Reports (Companies putting pressure on government for price hike)
-Coal India plans buy back, seeks shareholders' nod: DNA (AGM on September 18)
-Coal Ministry asks Coal India to quickly firm up model fuel supply agreement (FSA): PTI
-ONGC’s plan to hive off coal bed methane (CBM) assets to face delay: BS
-Aban Offshore to raise USD 400 million via GDRs & FCCBs & Rs 2500 crore through QIP (they have approvals for long time)
-JSPL raises stake in Gujarat NRE Australian subsidiary by 2.67% for USD 7.5 million (Rs 43.5 crore): Reports
-DLF plans Rs 2000 crore mega mall in Gurgaon: ET
-Essar Shipping considering raising over Rs 2500 crore for expansion: ET
-Reliance Power in Servicing JV with China’s Datang: ET
-Huwaei moves HC against Videocon to recover dues: ET
-Reliance Power plans to raise Sasan capacity by 50% to 6000MW: FE
-Uttam Sugars board meet on August 28 to approve pricing of rights issue Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
