Here are stocks that are in news today:
CCEA clears Cairn-Vedanta deal with conditions
-Vedanta says await intimation of GOM's approval
-Await pre-conditions details from goi for further action
-Cairn required to pay Rs 2300 crore to ONGC as royalty since August 09
Oil Minister Jaipal Reddy says
-GOM chose to recommend conditional approval
-GOM recommended royalty be cost recoverable
-Ongoing arbitration case should be withdrawn
-No fresh conditions imposed by CCEA
-Cairn India to obtain NOC from partner
-Home ministry security clearance needed
-For vedanta to take a view on conditions
-Companies have to commit to conditions or no approval
-Ex-chequer & ONGC to gain Rs 16,000 crore
DK Saraf
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