Here are stocks that are in news today:
NSEL case update: Bombay High Court-Approves setting up of panel to address NSEL issue-Passes order on 3-member NSEL fact-finding panelBombay High Court says-3-member panel to determine liability in terms of defaulters-Panel can explore settlement process under court supervision-Panel can seek appropriate direct directions to sell, monetize assets-Panel to give notice to FMC prior to any settlement-Panel to take court nod while dealing with attached assetsNSEL says-Welcomes Bombay High Court order to appoint 3-member panel to ascertain dues, undertake forensic audit of defaultersAlert: 3-member panel includes Justice VC Daga, J Solomon and Yogesh TharNSEL MD & CEO Saji Cherian says-Bombay High Court order will definitely expedite recovery process-Look forward to increased focus of all related groups to work collectively in achieving desired objective
Tata Power says-Restoration work at unit #5 of Trombay unit under progress-Partial load restored through hydro stations-Power supply to be normalised by late night today
Tata Motors-Bags order for over 2,700 buses under JnNURM-II scheme-Bags order under JnNURM-II scheme from Karnataka, Himachal governments-Karnataka, Himachal orders part of over 2,700 urban buses order received
Power ministry unlikely to intervene in compensatory tariff row: Sources-Power purchase agreements (PPAs) between procurer, developer are legally enforceable contracts-Ministry has no locus standi in compensatory tariff issue-Contract between procurer & developer governed by its terms, conditions-Power producers press for consensus between states and companies on future order of Appellate Tribunal for Electricity (APTEL)Alert: Adani Power, Tata Power want early resolution on compensatory tariff for Mundra plantsAlert: SC stayed APTEL's compensatory tariff order on account of fuel cost escalation
NMDC -Keeps prices of iron ore lumps unchanged at Rs 4,600 per tonne (MoM)-Keeps prices of iron ore fines unchanged at Rs 3,160 per tonne (MoM)
Hindalco Industries-To seek shareholders' nod to issue NCDs up to Rs 6,000 crore-To seek shareholders' nod to set borrow limit at maximum Rs 20,000 crore
Fund actionAutomotive Axles-UTI Mutual Fund buys 76639 shares at Rs 655/shareCarborundum Universal-HDFC Mutual Fund buys 10 lakh shares at Rs 188/share-Amansa Holdings sells 16.50 lakh shares at Rs 188/share
Century Plyboards-Disinvests entire shareholding in arm Aegis Business on August 23-ABL and its arm Aegis Overseas cease to be subsidiaries of company with effect from August 23
Stranded gas-based power firms agree to government’s price-pooling plan: ET-Pooling proposal, if implemented, will benefit power plants of NTPC, Lanco Infra, Essar Power, Reliance Power, GVK Power, GMR Energy and others
Other stocks and sectors that are in news today:-Sadbhav Engineering to seek shareholders' nod to set borrow limit at maximum Rs 2,000 crore-Cipla, Jubilant Foodworks AGM-Sugar stocks in focus: Up sugar crisis - Allahabad High court to hear the case today-Maruti Suzuki to open bookings for Ciaz from today-Jaypee Infratech to seek shareholders' nod to set borrowing limit at maximum Rs 15,000 crore-Idea Cellular to seek shareholders' nod to set borrow limit at maximum Rs 25,000 crore-Electrosteel Castings board to consider reducing investment in Singapore arm-Parsvnath Developers to seek shareholders' nod to set borrow limit at maximum Rs 5,000 crore-RBI says FIIs now need RBI nod to buy MT Educare shares as trigger limit reached-Era Infra gets order from Airport Authority for Rs 314.6 crore
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