Here are stocks that are in news today:
Veritas (India) says-I-T officials carried out search proceedings for 3 days from September 10 at company's premises-In process of collating & responding to all queries raised by I-T authorities
IL&FS Engineering says-To explore legal rights w.r.t Rs 100 crore penalty imposed by SEBIAlert: SEBI imposed penalty on IL&FS Engineering for alleged insider trading activity-SEBI’s allegation is for period when company was under erstwhile promoters’ control
Rajasthan Chief secretary CS Rajan on CNBC-TV18:-Rajasthan has online single window mechanism for clearances-Have a tatkal scheme for single window clearances-No construction permits needed in Rajasthan State Industrial Development and Investment Corporation (RIICO) for construction upto 40000 square metre-Will focus on areas where we have not made it in top 5-RIICO has rationalised construction permits, to be spread across the state
August CPI inflation at 3.66 percent versus 3.69 percent (MoM)-Government revises July CPI inflation to 3.69 percent from 3.78 percent earlier
RBI says-FIIs/RFPIs/QFIs can now invest up to 40 percent in Maruti Suzuki-Foreign shareholding in Maruti Suzuki has gone below revised threshold limit
Alok Industries-Gets additional advance amounting to USD 50 million under Export Performance Bank Guarantee Scheme-Additional advance takes total export advance received till date to USD 825 million
Steel & Mines Minister Narendra Singh Tomar says-Steel sector is currently stressed-Government is aware of steel sector worries, considering viable duty impositions-Will consider Directorate General of Safeguards’ recommendation on safeguard duty-Steel sector has huge exposure to banks, government working to resolve issues-Government has approved District Mineral Fund (DMF)-30 percent of royalty will be set aside for existing mining leases-10 percent of royalty will be set aside for new mining leases-Proceeds from district mineral fund will be utilised under Pradhan Mantri Mining Area Welfare Scheme (PMMAWS)-Expect mineral auctions to begin from November-Mines ministry is in constant touch with states w.r.t preparedness-Not fair to compare issues of steel sector with aluminium-Have been apprised of aluminium sector's demand for hike in duty-Will consider steps for aluminum sector after deliberations
Finance Minister Arun Jaitley says-Have seen a sudden surge in steel imports in country in last few weeks-DG safeguards studying if import surge is hurting domestic steel industry-To levy safeguard duty on steel imports-To levy safeguards duty on steel imports as suggested by dg safeguards-A provisional duty of 20 percent on select steel imports effective immediately-20 percent provisional safeguard duty on select steel products for 200 days-Have right to levy provisional duty pending enquiry of DG safeguards-Overall inflation broadly under control, continuing its downward momentum
Finance ministry says-Provisional safeguard duty of 20 percent levied on hot-rolled flat products of non-alloy-Safeguard duty levied on other alloy steel in coils of width of 600 mm/more
Other stocks and sectors that are in news today:-Gujarat Gas relists today-Vedanta subsidiary BALCO to shut its Chhattisgarh plant and likely to cut 1000 jobs-Abbott India disputes West Bengal’s drug regulator finding excessive codeine in cough syrup-Jet Airways might make Amsterdam its gateway to US, Canada: BS-RBI signs MoU with Nepal Rastra Bank-Nava Bharat Ventures in agreement with Tata Steel for conversion of chrome ore into ferro chrome-Texmaco Rail to acquire majority equity share capital of 76 percent in Bright Power at enterprise value of Rs 100 crore-Government to give additional 50 days work to farmers under NREGA in drought-hit areas: PTI-InterGlobe Aviation gets SEBI nod for Rs 2,500 crore IndiGo IPO-PM Narendra Modi to meet power producers today to review their performance-Commerce ministry to hire consultant for promoting start-ups-Karnataka approves 2 projects with over Rs 550 crore investment
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