Moneycontrol Be a Pro
Get App
Last Updated : Oct 09, 2015 11:14 AM IST | Source: CNBC-TV18

Stocks in news: DLF, Fortis Health, Shyam Telecom, 8K Miles

DLF | Power Grid | Bharti Airtel | GMR Infrastructure | Vedanta | Fortis Healthcare | Shyam Telecom | Reliance Capital and 8K Miles are stocks, which are in the news today.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Here are stocks that are in news today:


Sun Pharma withdraws its appeal in lawsuit filed by Ranbaxy in US Court versus USFDA
Alert: Ranbaxy had challenged revocation of tentative nod for Nexium & Valcyte in US
Sun Pharma says
-Withdrawal of lawsuit will not have adverse financial impact on company


Reliance MF, HDFC MF in race for Goldman’s Asset Management business in India (Reliance Capital in focus)
-Goldman Sachs Group in India has assets worth over Rs 7,100 crore: ET

Close

8K Miles Q2
-Consolidated net profit up 20.8 percent at Rs 8.7 crore versus Rs 7.2 crore (QoQ)
-Consolidated total income up 20.8 percent at Rs 61.1 crore versus Rs 50.6 crore (QoQ)


Indian Sugar Mills Association says
-Welcome government decision to extend CENVAT exemption to ethanol produced from molasses
-Notification to help government pass on full benefit of approximately Rs 5 per litre of ethanol
-Government notification will benefit 130 ethanol producing sugar mills in the country


RBI fixes loan to value ratios (LTV) & risk weights for individual housing loans
-RBI lowers risk weights on low value housing loans
RBI says
-Risk weights on home loans up to Rs 30 lakh lowered from 50 percent to 35 percent
-Risk weights on home loans up to Rs 75 lakh cut to 35 percent if LTV ratio below 75 percent
Alert: Lower risk weights can help banks lower interest rate on loans


RBI says
-Foreign shareholding through NRIs in Shyam Telecom reaches trigger limit
-Further buy of Shyam Telecom shares by NRIs allowed only after RBI nod


ICICI Bank, MD, Chanda Kochhar says
-Work on bad loans is moving in the right direction
-Additions to NPAs should be lower this year compared to the last
-No discrepancies over accounts flagged by rating agencies
-Credit quality continues to remain stable on retail loans
-Have more than 40-45 percent of our lending in retail
-Leverage levels of the corporate section have gone up
-Banks have been working with promoters to sell assets
-Won't say everybody's leverage levels have come down to controllable levels
-Rating agencies downgrade even if there is one day default
-For banks, on day one you don't make them NPL, there is a curing period
-Strategic debt restructuring (SDR) is a very good tool & we would be & we are using it very effectively
Alert: SDR enables banks to convert loans to equity
-Will be taking steps going forward under the formal structure of SDR
-Have worked with defaulting companies' promoters to sell core assets
-Intend to monetise at least one of the insurance companies within 12 months
-Will either list the insurance company or bring in another investor


Government eyes incentives in maintenance, repair & overhaul (MRO) in aviation sector: Sources
-Government considering slew of incentives for MRO sector
-Government mulls service tax exemption on labour for MRO for 10 years
Alert: Currently service tax on labour component attracts 10 percent
-Government considering lowering of royalty paid to Airport Authority of India
Alert: Currently MRO within Airport Authority Of India pays royalty of 13 percent
-Government considering SEZ status to MRO facility for tax benefits
-PMO prepared note on MRO post consultation with industry
-PMO’s note sent to Department Of Industrial Policy & Promotion for viability of incentives last month
-Move to incentivise carriers to conduct MRO within India
-Other incentives under consideration include CENVAT credit
Alert: Civil aviation ministry had sought tax sops in August


Roads & Highways Minister Nitin Gadkari says
-Many highway projects were stalled over last few years
-Have terminated 41 projects; work has started w.r.t Rs 3.20 lakh projects
-Personal target is to construct 100 km of roads per day
-Government's aim is to reduce cost of construction for building roads
-Technology, innovation & e-governance will drive government's vision
-To inaugurate Southeast Asia's largest tunnel in Srinagar by February-March
-Looking to operate pods from Dhaula Kuan to Manesar
-Ticket prices of pods from Dhaula Kuan to Manesar to be lesser than the metro
-Lithium oil battery operated vehicles to become a reality soon
-Battery cost to come down to Rs 5 lakh from Rs 55 lakh
-Have received tenders from 9-10 companies for 3 hybrid annuity projects
-Will invite tenders for remaining 17 hybrid annuity projects in 2-3 months


Financial inclusion: RBI Governor Raghuram Rajan says
-Credit has to be offered through traditional institutions
-Links between telcom companies, banks must be strengthened for credit supply
-Links between telecom & banking industry important for financial inclusion
-Traditional banks are rethinking how they do business
-For a lot of people in India, access to cash is difficult
-Payments services are an important channel for financial inclusion
-There is this issue if financial inclusion should be pushed or pulled
-Technology is the biggest issue we are grappling with as regulators


DLF says
-Evaluated options available to reduce conflict of interest with compulsorily convertible preference shares (CCPS) Holders
-To reduce conflict of interest with CCPS holders w.r.t. the rental business
-Audit panel recommends that CCPS holders sell CCPS to unrelated third party
-CCPS holders to invest CCPS’ sale proceeds back in the company
-Have authorised audit panel to finalise strategic terms of the transaction
-Will appoint bankers, transaction advisors, tax & legal advisors for transaction
-Post transaction, company will continue to hold 60 percent equity in DLF CyberCity Developers
-To take necessary steps to adhere to minimum public shareholding norms
-Requested DLF CyberCity Developers for full cooperation for consummation of transaction


DLF CFO Ashok Tyagi says
-Audit committee looked at multiple options
-CCPS will be sold to a potential 3rd party
-Too premature to comment on the valuation
-Will look at quickest option to ensure compliance with public float

Other stocks and sectors that are in news today:
-Fortis Healthcare owned SRL Diagnostics plans Rs 1,250 crore share sale: ToI
-Vedanta eyes solar energy business, plans to create 500MW capacity: ET
-CARE cuts ratings for Hindalco’s NCDs worth Rs 6,000 crore to AA from AA+
-GMR - Delhi International Airport (DIAL) keen on bond issue to repay bank loans: ET
-Bharti Airtel launches Wi-Fi app 'Airtel Hangout'
-FIPB to consider 11 FDI proposals on October 19
-Power Grid: Subsidiary Grid Conductors to manufacture aluminium and aluminium alloy electricity conductors for company
-NCDRC to next hear Nestle case on October 15



Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Oct 9, 2015 08:17 am
Loading...
Follow us on
Available On