Stocks in news: BPCL, BoI, Brigade Ent, Deep Ind, Kansai

SEBI bars 239 persons/entities from accessing the securities market-SEBI passes interim order in Economy friendly food processing park matter-SEBI passes interim order in Esteem Bio Organic food processing matter-SEBI passes interim order in Channel Nine Entertainment matter-SEBI passes interim order in HPC Biosciences matter

Drug Controller General of India (DCGI) to CNBC-TV18-No regulatory mechanism as of now for sale of drugs through portals-In process of developing tools for sale of drugs through e-commerce route-Patient safety priority when it comes to sale of drugs-Understand that patients also need tool like e-commerce portals to buy drugs-Till we validate our rules, e-commerce sites not allowed to sell drugs-Told states to monitor any illegal sale of drugs through e-commerce-Will revamp Central Drug Standard Control Organisation (CDSCO)-Looking at systems of Australia, US & BRICS for CDSCO revamp

Deep Industries-Signs contract with ONGC for hiring of gas dehydration system for Rs 278.2 crore-In pact for 5 production installations at Rajahmundry assets for 3 years

NHPC says-Unit-3 & 4 of Chutak power station under complete shutdown-Chutak power station units shut due to sudden increase in water level-Dewatering pumps are in operation & level of water is decreasing

Brigade Enterprises-To acquire approximately 16 acre property at Perungudi, Chennai from Kansai Nerolac -To acquire Chennai property from Kansai Nerolac for Rs 550 crore-Acquisition to be done either directly by Brigade Properties or through nominee

Government official says-Government may not be able to meet FY16 divestment revenue target-Greece credit woes likely to keep share market volatile-Expect share market to remain choppy in weeks ahead-Employees' provident fund committed to participate in divestments-EPFO likely to invest in PSUs' exchange-traded fund-Not sure how long share market will take to stabilise-Share market needs strong local investors for long-term stability-Still hope 'record' divestment revenue even if government misses FY16 target-In dialogue with EPFO to encourage investment in CPSE ETF-Disinvestment department keen to push EPFO funds in CPSE ETFAlert: EPFO allowed to invest 5 percent of its corpus in equities

Uday Kotak, Kotak Mahindra Bank to shareholders-India has been in a euphoric phase in the last one year-India’s macroeconomic signals have become stronger & stable-Current account deficit, fiscal deficit & levels of inflation have improved-Perceptions stemming from excessive exuberance need to be moderated-Confident that growth will be steady, stable & upwards-Excessive leverage by corporates has slowed down parts of Indian banking system-PSBs account for 70 percent of savings, deposits & private sector banks only 30 percent-Expect private, public sector banks to be at par w.r.t savings, deposits in 10 years-See tremendous growth potential in capital markets & investment banking business-Look forward to an even more exciting time in context of India’s long-term story

Godrej Appliances-Partners with Sure Chill for medical refrigerators-Signed a tech transfer pact with Sure Chill to develop & manufacture refrigerators for sale in SAARC & MENA countries

HUL AGM: HUL non-executive chairman Harish Manwani says-Have participated in India's growth agenda over the years-Brands manufactured in 30 factories available in over 70 lakh retail outlets-Through operations, creating cycle that benefits every geography in India-More than doubled distribution reach over last 4 years-Using mobile technologies to reach parts of rural India-Company ready to embrace India growth opportunities-Partnering e-retailers & bringing in global best practices from Unilever network-Developing local ecosystems around manufacturing units to contribute to Make in India

Other stocks and sectors that are in news today:-Airtel lines up Rs 6400 crore to expand pan-India 3G base: ET-JSW Steel to raise Rs 4000 crore through QIP-BPCL acquires 20 percent stake in Petronet CCK-Centre calls state food ministry meet on food inflation on July 7-Kotak Mahindra Bank gets shareholders' nod for 1:1 bonus issue-Moody's downgrades Bank Of India, Canara Bank to Ba3 from Ba2-Oudh Sugar Mills says Chandra Shekhar Nopany to relinquish office as MD with effect from June 30-Jubilant FoodWorks says Allahabad HC approves scheme of arrangement between company and JCPL Consultants & Management-Reliance Communications says process to monetise the valuable tower & fiber assets is continuing-CERC asks Financial Technologies to transfer stake in IEX to trust account by July 2 & fully exit the exchange by July 20-Bombardier bags order for supplying 162 'Movia' cars to DMRC for approximately Rs 1,500 crore-CCI dismisses complaints against Ansal Properties, Puri Constructions-RBI will remain open on July 1 to facilitate transactions-Glenmark Pharma receives US FDA nod for cholesterol tablet Ezetimibe