Here are stocks that are in news today:
Former Vodafone CEO Arun Sarin says-Ola Cabs capable of growing in a large scale-Ola Cabs have done well so far, but also have miles to goAlert: Arun Sarin joins board of Ola Cabs, makes personal investment-Looking to invest more into start-ups in India-Government can't tax telecom companies separately & leave out over-the-top players-Indian government must come out with clear policies on net neutrality-Data cost in India is set to fall dramatically-Disappointing to see Vodafone retrospective tax case not being resolved-Retrospective tax on Vodafone sent a chill through investors globally-Hopeful of a truce between government & Vodafone-Never seen any country change its laws retrospectively-Retrospective change to tax laws not India’s finest hour
Telecom Minister Ravi Shankar Prasad says-Have decided to take additional measures to resolve call drop issue-Expect telecoms service operators to upgrade their network-Have ordered special audit of quality of service parameters-Audit will be done very soon after meeting with urban development minister-TRAI will come up with a proposal for incentive-disincentive scheme for call drop issue-Have directed structured building of in-building solutions-Will write to all state chief ministers to encourage in-building solutions-All apprehensions about radiation are misplaced-Towers availability is a major issue-Requested MTNL to install tower at Sanchar Bhawan-Have also directed operators to share towers-Urge upon telecom service providers to strengthen their network
Hindalco Industries says-Diary recovered by CBI w.r.t coal block case does not belong to company-Cash recovered by CBI w.r.t coal block case does not belong to company
Food Minister Ram Vilas Paswan says-Have asked MMTC to import pulses-Most states will implement food security act by December-Food inflation is under control-No plans to extend Food Security Act deadline
CMC Q1-Consolidated net profit at Rs 56.3 crore versus Rs 70.6 crore (QoQ)-Consolidated income from operations at Rs 672.2 crore versus Rs 666 crore (QoQ)-Consolidated EBITDA at Rs 92 crore versus Rs 96 crore (QoQ)-Consolidated EBITDA margin at 13.7 percent versus 14.4 percent (QoQ)-Consolidated tax expense at Rs 30.4 crore versus Rs 18.3 crore (QoQ)
ICICI Bank to CNBC-TV18-Retail is a significant part of bank's growth strategy-Real estate market has not recovered yet-Expect to grow at faster pace than the market in retail space-Expect growth rate of 20 percent plus in retail space this year-Have seen transactions grow at a very high pace in digital banking-Looking at partnering with e-commerce players in different digital segments-Will partner with government as well in digital offerings-Cost-to-income is coming down with focus towards digital medium
Department Of Industrial Policy & Promotion clarifies on single-brand retail FDIDIPP says-Foreign companies can undertake single-brand retailing through multiple entities-Foreign single-brand retailers can operate through one or more JVs/arms-FDI norms to be applicable to Indian brands seeking foreign investments
Other stocks and sectors that are in news today:-Adani in talks to take over L&T’s Kattupalli terminal in Chennai: BS-HC asks Centre to resume gas supply to Deepak Fertilizers-IDBI in refinance deal with Mudra Bank-Hindalco seeking refinance debt worth Rs 15,000 crore: BS-Power Grid plans to raise Rs 1,500 crore via long term bonds: FE-HUL and Gillette reach settlement over registration of 7 O’ Clock trademark: BS-MCX to launch international gold contracts denominated in rupee: ET-TCS’ cloud platform iON overcomes setback to rule online exam space: ET-Dalmia Bharat’s MD Puneet Dalmia to invest Rs 50 crore in startup Prithu: ET-IOC-Adani combine bids for CNG licence in five cities: PTI-Directorate General of Civil Aviation issues flying permit to Hyderabad-based Turbo Mega Airline-SBI Chairwoman Arundhati Bhattacharya says plans for dollar bond issue were tentative-Crompton Greaves signs global supply agreement for electric motors with Lafarge-HDFC Mutual Fund cuts stake in P&G Hygiene by 2 percent to 3.1 percent-Vascon Engineers gets EPC order worth Rs 286 crore-Titagarh Wagons gets industrial licence from DIPP for defence production-Aviation Ministry sources say another stakeholder consultation on 5/20 rule likely this month-PTC India Financial Services Ashok Haldia appointed as MD & CEO with immediate effect-Network 18 says floor price offer for sale (OFS) by Shinano Retail at Rs 53.40/share-PM Modi launches ONGC Videsh oil block project in Kazakhstan-Brazil suspends import of Lupin's antibiotic ingredients-Environment Minister Prakash Javadekar says decision on Kasturirangan committee report on Western Ghats by August
Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
