Stocks in news are:Jet Airways: Report indicates Etihad set to raise stake to 49 percent from 24 percent. This move will not require approval of FIPB. FDI rules now allow foreign carriers to have upto 49 percent stake.Government moots bad Banks: Bad bank to buy up all bad assets. This can be positive for PSUs. It's a tentative meet; RBI deeply opposed to bad bank. RBI believes it can breed cronyism. It can be fiscally costlier than recapitalising banks. Major near-term positive for PSU banks if it happens.BHEL: UBS view on BHEL is Maintain Sell, cuts Target to Rs 70 from Rs 115. Lower FY16-18 gross margin estimates by 260-340 basis points. EBITDA break-even unlikely by FY20. Orderbook to stagnate around current levels over medium term. Forecast ROEs to remain negative over FY16-18. Investors not factoring in constraints on growth over medium term.SpiceJet soaring high: SpiceJet recorded 92.1 percent load factor in January 2016. It has highest passenger load factors recorded in the industry. SpiceJet's Industry-leading load factors for 9th consecutive month. Passenger load factor measures capacity utilisation of airline. Cancellation rate lowest in the industry at 0.5 percent. Gayatri Projects: Thermal Powertech Corporation India (TPCIL), which owns and operates a 1,320-megawatt coal-fired power plant in Krishnapatnam in Andhra Pradesh's Nellore district, today said it has signed a long-term power purchase agreement (PPA) with power distribution companies in Telangana.
Under the PPA, 570 megawatts of power would be sold to the southern and northern power distribution companies of Telangana for a period of eight years, TPCIL said in a statement.
Together with the 500 megawatts of power supplied to the power distribution companies in Andhra Pradesh and Telangana under a 25-year power purchase agreement, TPCIL has secured more than 85 percent of its net total generating capacity under long-term PPAs, it added.
The approximately USD 1.5 billion plant completed its first 660-megawatt unit in March 2015 and second 660-megawatt unit in September 2015.
TPCIL CEO Atul Nargund said, "With this PPA, we have achieved our goal of securing at least 85 per cent of our generating capacity on a long-term basis. With this, TPCIL is now eligible for mega power status".Agri companies in Focus: Jain Irrigation, Signet Industries, EPC Industries, VST Tillers.Prime Minister Narendra Modi says start-up India movement not restricted to IT. There is a scope for agri sector in Start-up India movement as well. Scope for agri sector in Start-up India movement as well. Dream is to increase the reach of Soil Health Card Scheme. Quick Heal Tech: Total traded quantity at 2.76 crore shares. Total delivery shares at 42.65 lakh shares. Delivery percent at 15.45 percent. Total delivery quantity is 30% of total issue size. Delivery value at nearly 110 crore.
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