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Last Updated : Aug 19, 2015 09:15 AM IST | Source: CNBC-TV18

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

Infosys | DLF | Mastek | IOC | Everonn Education | SBI | Jaypee Infratech | Jindal Saw | Vedanta and MMTC are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

NGT asks ministry of environment, forest to issue notification on Okhla Okhla eco-sensitive zone in 3 weeks: PTI
Environment Minister Prakash Javadekar says
-Have approved eco-sensitive zone around Okhla Bird Sanctuary
-Have approved the draft notification on Okhla eco-sensitive zone
-Relief for home buyers; notification on eco-sensitive zone in a week
-Bird sanctuary remains intact; no danger to it
-Limitation of justifiable limits around Okhla sanctuary completed
-Minutes of National Green Tribunal to be ready in 2 days
-Decision will help thousands of home buyers, ease pain

DLF: Sources
-National Green Tribunal notification ensures Noida mall can be completed
-Noida mall can be completed in 3-4 months
-Noida mall may yield Rs 200 crore rental income per year post completion


-Hope government issues notification urgently
-Occupation can become a reality only once completion certificate issued
-DLF Mall Of India is already complete, hope to give out for rentals this year

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-commerce
Alert: FM had proposed the move in July 2014 Budget speech
-Cabinet likely to approve Department Of Industrial Policy & Promotion proposal within August
Alert: 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

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First Published on Aug 19, 2015 08:16 am
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