HomeNewsBusinessStocksStocks in news: Rel Power, Gujarat NRE, Aban Off, Britannia

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
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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 down Cabinet 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 immediately Network18
-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 services Oil 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 NELP Madras 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 name Cabinet 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 week Other 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
first published: Aug 24, 2012 08:07 am

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