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Last Updated : Nov 27, 2015 10:11 AM IST | Source: CNBC-TV18

Stocks in news: Coal India, Leyland, Videocon, Rel Infra

Coal India | ITC | RPG Life | Fortis Healthcare | Welspun Corp | SKS Microfinance | Edelweiss Financial | GAIL | United Breweries | TBZ | Ashok Leyland | Videocon Industries | UltraTech Cements | Reliance Infrastructure and Indian Overseas Bank are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Ashok Leyland
-Company wins contract for 3600 vehicles worth USD 200 million
-Company wins order from government of Ivory Coast Contract funded by EXIM bank

Videocon Industries
-Telenor emerges as frontrunner to snap Videocon’s 4G spectrum
-Deal likely to be valued at Rs 3500 crore: ET


Ultratech Cements/Reliance Infrastructure
-Ultratech closing in on Reliance Infra’s cement units
-Concerned units likely to fetch enterprise value of Rs 5000-5500 crore: BS

Indian Overseas Bank
-Loans worth Rs 3000 crore which were under Finance ministry’s scanner in H1 cleared
-IOB is already under RBI’s prompt corrective action regime: ET

RPG Life Sciences
-Company plans foray into skincare business
-Likely to rollout business next month: ET

-Takes 1.8 million square feet office space on lease for Rs 110 crore in record deal
-Space leased in Hiranandani Estate, Thane: ToI

-Allows FPIs to acquire NCDs, bonds which are under default
-Allows foreign banks to deploy a maximum of 4 expatriates for each branch opened in India
-Allows foreign banks to deploy up to 6 expatriates for their head office functions
-Raises cap for microfinance institutions (MFIs) loans of up to 24 years to Rs 30,000 from Rs 15,000 (SKS Microfinance & other microfinance companies in focus)

Coal India stake sale
-Five investment banks including ICICI Securities & SBI Capital hired for stake sale
-Axis Capital, JM Financial, Kotak Investment Banking hired for stake sale

Centre For Public Policy Research Chairman Dr D Dhanuraj to CNBC-TV18:
-Liquor ban is very much there in 4 states in India
-Gujarat has a big black market for liquor
-Restrictions on liquor trade increase black market sale of liquor
-India has reputation of producing malt
-Any ban will largely affect sugar cane farmers
-Liquor is expected to be a significant source of income for farmers

-Seeks to impound unlawful gains of Rs 1.84 crore from Arun Jain Of Polaris
-Directs banks & depositories not to debit bank accounts & demat accounts without SEBI nod
-Directs Arun Jain not to dispose/alienate any assets/properties or securities
-Asks Arun Jain to provide full inventory of assets & properties
Alert: Arun Jain can file reply to SEBI within 21 days
-Order also passed against CFO, R Srikanth; asked to pay Rs 19.69 lakh
Alert: Order pertains to insider trading charges against Arun Jain & R Srikanth
Alert: Arun Jain & R Srikanth traded in Polaris shares between April 21-July 21, 2008

Arun Jain says
-This is an interim order & not conclusive
-To vigorously contest this order including at SAT
-Deposited the amount under protest

Other stocks and sectors that are in news today:
-Fortis Healthcare to acquire Religare Health Trust Trustee Manager for USD 14.9 million
-Welspun Corp wins order for supply of 216 K MTs line pipes in America
-Heineken buys 415,000 shares of United Breweries at Rs 951.5/share
-Edelweiss Group Partners with Sun Global UK to expand fixed income reach in international markets
-TBZ signs second franchise agreement for its upcoming store in Jaipur, Rajasthan
-GAIL launches Bhuvan-GAIL portal project of satellite monitoring of pipeline ROU
-Balrampur Chini appoints Pramod Patwari as CFO
-ITC elevates Sanjeev Puri as director FMCG w.e.f December 6

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First Published on Nov 27, 2015 08:28 am
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