Stocks in news: Infosys, DLF, IOC, Everonn, Jaypee Infra

Jaypee Infratech: Sources-NGT nod will allow co to give possession of 5,000 houses immediately-Sale of houses should start in 3-4 months, post NGT nod-Including entire inventory, company may get Rs 3,000 crore over 3 years, post NGT nod

SBI says-Wealth management arm will start functioning by FY16-end-Loans to iron & steel sectors need protection

Cellular Operators Association of India on CNBC-TV18:-Don't want to get into an adversarial position with the government on the call drop issue-Our fight is not with the central government but with local authorities shutting down tower cites-Government has supported us in giving us opportunity in putting up towers-Will submit improvements to Department of Telecommunications on a weekly basis

SEBI chairman Upendra Kumar Sinha says-More than 500 alternative investment funds (AIFs) have been created-Thankful to government for having given clarity on tax treatment to AIFs-114 companies have got listed on MSME platform-Expect to cross about 10,000 start-ups by 2022

MoS Finance Jayant Sinha says-Need a venture capital industry based in India-90-95 percent of venture capital coming from overseas-Need more balanced venture capital investment-LIC to be co-investor in SIDBI's fund for start-ups-Will infuse Rs 2,000 crore as first tranche in SIDBI's fund-Have taken wise action to raise taxes on petrol, diesel to take care of fiscal-Good monsoon should put us in comfortable zone-Capital flows have been very strong-Can achieve 8-10 percent economic growth going forward

Finance Minister Arun Jaitley says-Quality of governance has not matched with economy's growth potential-Need to create jobs in manufacturing & services sectors-Have been able to constantly achieve double digit growth in services-Have to create an economy system to convert India into a manufacturing hub-MUDRA is responsible for creating large number of jobs-Recent parliament session helped us understand politics of reform process-World passing through challenging & difficult times-Credit offtake remains slow-Hope RBI will take note of the fall in inflation-Indirect tax revenue up for 4 months; indicates a trend-By & large adequate rains in most part of the country-Rain gods have been somewhat kinder to us, expecting a good harvest-Have opportunity to exploit current global situation to our advantage-Government can push through constitutional amendments in Lok Sabha-Monsoon session of parliament was 'disappointing', but 'educative'-Government was able to pass 7 money bills in monsoon session-Time to find a conventional answer to break clash between two houses-FIPB, environmental clearances need to pace up-More resources with states will eventually lead to more expenditure-Hope to extend direct benefit transfer to other areas beyond cooking gas-Saw huge savings due to subsidy rationalisation-Government conscious that it needs to boost public spending-Railways must start spending quickly-If railways spends, it can counter absence of investment by private sector-Public sector banks have to be run professionally-Ready with the structure of National Investment & Infrastructure Fund-Government to consider suggestions to revamp debt recovery tribunals-Taxation key area of reform-India needs to open up foreign investment except for a few sectors-Investing in irrigation will be a key priority-Amendments to arbitration, bankruptcy laws 2 important pending legislations-Need a fair law to do with procurement-Banking sector situation challenging but not alarming-Preparation of bankruptcy code is on the verge of completion-Have to concentrate on infrastructure for sustainable 7-8 percent economic growth

Commerce Minister Nirmala Sitharaman reviews issues w.r.t pharma exports-Commerce minister reviews calls for convergence of pharma policies-Pharma sector review calls for a 'think tank' on the sector

Jindal Saw-To seek shareholder nod to raise up to Rs 1,000 crore via non-convertible debentures on September 18-To seek shareholder nod to raise up to Rs 1,000 crore via qualified institutional placement-To seek shareholder nod to raise up to USD 150 million via global depository receipts, American depositary receipts, foreign currency convertible bonds

Vedanta Chief Tom Albanese to CNBC-TV18-Public perception on India still strong-We will act as per recommendations of the board committee on Cairn India merger-My vision is to create a large natural resources company

Government sources-e-commerce sector to be partially liberalised-Manufacturing companies with foreign direct investment (FDI) may not need government nod for e-commerceAlert: FM had proposed the move in July 2014 Budget speech-Cabinet likely to approve Department Of Industrial Policy & Promotion proposal within AugustAlert: 100 percent FDI allowed in manufacturing baring defence, cigarette-Manufacturing classification as per IT Act

Other stocks and sectors that are in news today:-Mastek's insurance arm Majesco to list shares today-DLF sells four acre land parcel in Kochi for Rs 111 crore-IOC set to exceed its capex target of Rs 56200 crore by end of FY16: BS-Mines secretary says states to put 82 coal blocks for auction by October-November: PTI-Infosys bags order from Fidelity Bank Of Nigeria-Everonn Education: Board proposes conversion of loan into equity via preferential allotment of shares to promoters-SIDBI CMD Kshatrapati Shivaji says launching India aspiration fund to push the Start-up India Fund-MMTC floats tender to import 60,000 tonnes of Australian coking coal for October/November delivery-Government asks MMTC to import 10,000 tonnes of onion; directs National Agricultural Cooperative Marketing Fedration of India to cancel its tender: PTI-Kinetic group ties up with MV Agusta to sell superbikes in India-Intellect Design to help Hong Leong Bank ramp-up its wholesale banking services-Glenmark Pharma gets ANDA approval for Drospirenone & Ethinyl Estradiol tablets