Get App
Last Updated : Sep 15, 2015 10:08 AM IST | Source: CNBC-TV18

Stocks in news: Maruti, Vedanta, Jet, Texmaco Rail, Alok

Maruti Suzuki | Vedanta | Abbot India | Jet Airways | Nava Bharat Ventures | Tata Steel | Texmaco Rail | Alok Industries | Gujarat Gas and IL&FS Engineering are stocks, which are in the news today.

  • bselive
  • nselive
Todays L/H

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 SEBI
Alert: 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

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 15, 2015 08:16 am
Follow us on
Available On
PCI DSS Compliant