Here are stocks that are in news today:
Fresh list of corporate defaulters: Sources
-RBI sends fresh list of defaulters to be taken to NCLT (National Company Law Tribunal) by banks
-Videocon, Jaiprakash Associates, IVRCL to be sent to NCLT by mid-December if not resolved
-Castex Technologies, Jayaswal Neco, Visa Steel to be sent to NCLT By mid-Dec if unresolved
-Ruchi Soya, Unity Infra to be sent to NCLT by mid-December if not resolved
-Uttam Galva, Monnet Power to be sent to NCLT by mid-December if not resolved
-Shakti Bhog, Jai Balaji Industries to be sent to NCLT by mid-December if not resolved
-Nagarjuna Oil & Orchid Chemical to be sent to NCLT by mid-December if not resolved
-East Coast Energy, SEL Manufacturing to be sent to NCLT by mid-December if not resolved
-Total Defaulter list may have 35-40 accounts; SBI alone gets list of 25-26 accounts
-Companies in fresh list of defaulters to be taken to NCLT by mid-December if not resolved
-60 percent of loans to these companies turned NPA by June 2016
-Videocon Tele, Essar Projects, Ushdev International to be sent to NCLT by mid-December if not resolved
-Soma Enterprises, Asian Colour Ispat Coated to be sent to NCLT by mid-December if not resolved
Amtek Auto
-Corporate insolvency resolution process has issued advertising seeking EOI (expression of interest) for Amtek Auto
-Companies having networth of minimum Rs 1,000 crore at group level can apply for Amtek EoI
-Companies applying for Amtek EoI must have turnover of Rs 2,000 crore in last 3 years
-Finacial institutions/private equity companies applying for EoI must have min AUM of Rs 5,000 crore in last 3 years
RBI grants scheduled bank status to Ujjivan Financial
Ujjivan on CNBC-TV18
-Funding facilities get easy company; can issue certificate of deposits
-Company granted scheduled bank status; will open gates for more deposits
-Not much changes in terms of asset mix due to scheduled bank status
-Change in liabilities will bring the cost of funds down
-Average borrowing cost is at 10.5 percent; new borrowings can come at sub-7 percent
-Liability side can see increase in fixed deposits & certificate of deposits
-SLR cost could be between 1-2 percent
-Cost of borrowings can come down by 200 bps
-Expect cost of borrowing to come down by 200 bps in FY18 itself
Finance Minister Arun Jaitley says
-Have received GST collections worth Rs 92,283 crore so far
-Approximate IGST collections from imports stand at Rs 20,964 crore
-Expect Rs 48,000 crore to come in Centre's kitty; states should get Rs 43,000 crore
KEI Industries Q1FY18 (YoY)
-Excise duty reduces by 32 percent to Rs 32 crore from Rs 47 crore leads to higher PAT
-Revenue up 38 percent at Rs 823 crore versus Rs 597 crore
-EBITDA up 46 percent at Rs 76 crore versus Rs 52 crore
-Margins at 9.7 percent versus 9.5 percent
-PAT up 140 percent at Rs 27.4 crore versus Rs 11.4 crore
Other stocks and sectors that are in news today:
-Kesar Terminal has started dispatching first lot of export cargo through 45 container of 40 FEU each, from the Powarkheda (PRKD) station
-First 500 MVA autotransformer successfully installed by SPML Infra
-Indian Hotels: Puneet Chhatwal, CEO of Steigenberger Hotels AG appointed MD and CEO
-NTPC's institutional portion of the OFS oversubscribed 1.4 times
-Aurobindo Pharma gets US FDA nod for cholesterol drug, Ezetimibe tablet
-Jubilant Foodworks' analysts meet postpond
-IOC to invest Rs 1.8 trillion in refinery expansion
-Reliance Capital to be removed from 11 S&P BSE indices; Berger Paints India to replace Reliance Capital in Nifty Midcap 50 index
-LIC to seek briefing on Infosys strategy: ET
-Coal India yet to get a new chairman, current Chairman retires this week: ET
-USFDA issues warning letter to Hetero Labs
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