Here are stocks that are in news today:
Results Today: Siemens
Ambuja Cements gets shareholders' nod for Holcim dealAmbuja-Holcim deal:-68.52 percent minority shareholders vote in favour of deal-Ambuja Cement approves buying 136 crore shares of Holcim at Rs 25.63/Share-Second phase of voting to happen on November 23 during the EGM
NSEL Investor Forum against Financial Technologies:-To move HC against company using SMX money to settle ECB dues-To file suit to hold Financial Technologies liable for NSEL default Alert: Financial Technologies sells 100 percent stake in Singapore Mercantile Exchange for USD 150 million
Motilal Oswal had 5 meetings with Jignesh Shah for settlement talks-Settlement will involve all cash deal-In talks with lawyers to reach a settlement-Do not want to surrender legal rights without concrete offer from NSEL, promoters
NSEL Investor Forum:-Bombay HC may ratify Mohan India deal on Monday-Talks for settlement with NSEL and Financial Technologies on -NSEL-Financial Technologies settlement amount likely to be Rs 1,100-1,200 crore-Financial Technologies, Jignesh Shah want investors to withdraw suit against company and Shah-To follow borrowers for dues irrespective of settlement
Tata Power says-Looking for a local partner for Vietnam power project-Would like to keep 80 percent stake in Vietnam Power projectAlert: Tata Power signed agreement with Vietnam on WednesdayAlert: Agreement with Vietnam to set up a 1320 MW power plant-Vietnam power project to be based on imported coal-Vietnam power project likely to be commissioned by 2019-20
ONGC Videsh (OVL)-In pact with PetroVietnam for cooperation in hydrocarbons-To assess PetroVietnam block, make offer if interested
BSE and NSE changes-BSE moves 57 stocks to trade-for-trade category effective today onwards -NSE also to shift 26 stocks to T-to-T category effective today -Some names: Ramco Systems, Shriram EPC, GTL Infra, Plethico Pharma , Deccan Chronicle, Emami Infrastructure
Telecom stocks likely to be in focus since empowered group of ministers (EGoM) to take final call on spectrum auctions today (Bharti Airtel, Reliance Communications, Idea Cellular)All together there are 4 major decisions that EGOM will be looking at viz1) Pricing of 1800 MHZ and 900 MHZ spectrum2) Auctioning and pricing of 800 MHZ spectrum 3) Decision on M&A guidelines 4) Decision on spectrum usage charges
Other stocks and sectors that are in news today:-Cairn India to mull share buyback on November 26-Torrent in talks to buy Elder pharma business for Rs 2000 crore: TOI-Gujarat Gas: Ex Dividend - Rs 9/share
RBI releases report on trends and progress in banking 2012-13 RBI says-Time appropriate for reviewing existing banking structure -Need to cut bank investments in government-securities in a calibrated way -Reduction in banks investment in G-securities as GoI finances improve-Need to create national Giro like Pan-India bill payment system -Bank biz to be worth Rs 288 lakh crore by 2020 from Rs 115 lakh crore -Banks to be prepared to execute FSLRC recommendations when accepted -Dynamic provisioning is work in progress
RBI on non-performing asset (NPA):-Stress on banks asset quality remains a major challenge -Banks need to strengthen due diligence, credit appraisal
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