Here are stocks that are in news today:
Heavy industries ministry digs in heels on 5 percent divestment in BHEL: Sources-Heavy industries ministry opposed to 5 percent divestment in BHEL-Market conditions not right for BHEL divestment-'Investment yet to pick up in the power sector'-BHEL order book position is low-Cash reserves too low for special dividend or buyback
NTPC-Tax free bond issue oversubscribed (3.3 times) on day 1-Tax free bond issue collects Rs 3,310 crore versus issue size of Rs 1,000 crore
NSEL update: Economic Offences Wing (EOW) says-Attached Jignesh Shah's Juhu bungalow in NSEL case-Will recover 90-95 percent of the money-Have attached 206 properties so far-Total of 322 bank accounts have been attached-Attached 1.19 lakh shares of Financial Technologies held by Jignesh Shah-Have attached 2 flats of Joseph Massey in NSEL case-Attached Jignesh Shah's HDFC Bank FDs worth Rs 11 crore-Attached flats of Shreekant Javalgekar in NSEL case-Attached Rs 1.2 crore of shares held by Shreekant Javalgekar-May attach properties worth Rs 3,500-Rs 4,000 crore
Other stocks and sectors that are in news today:-Syndicate Bank approves Rs 200 crore preferential issue to government -Bank of Baroda approves Rs 550 crore preferential issue to government-HDFC ups rates by 10 basis points in the corporation's prime lending rate, plan to mop up USD 300 million via ECB: ToI-Captive coal miners may get to sell surplus output: ET-GMR to put Emco energy up for sale: ET-Drug price hike unreal, says Dilip Sanghvi of Sun Pharma-Varun Shipping pays wages, readies ships in bid to keep sailing: ET-SKS trust questioned re-appointment of MD MR Rao: BS-Punjab National Bank revises interest rates on FCNR(B) deposits-Larsen and Toubro cuts stake in L&T Finance Holdings to 82.10 percent versus 82.12 percent on Monday-Mahindra Holidays divests stake in 2 Austrian arms-Jyothy Labs allots 1.5 crore shares to Sahyadri Agencies at Rs 175.15/share on preferential basis-RBI says infrastructure holding companies can raise funds abroad for SPV projects
Revenues of soon-to-be-privatised airport likely to rise: Sources-May see heavy bidding by private players-AERA to revise user development fee (UDF) for Lucknow airport shortlyAlert: AERA is Airports Economic Regulatory Authority-Final decision on UDF revision within 2 weeks-AERA has revised UDF for Guwahati airport-Revised UDF for Guwahati nearly double from existing UDFAlert: UDF to be hiked to Rs 295 from April 2014 versus Rs 150 currently-Revenues of Lucknow & Guwahati to rise post UDF revision-Higher revenues may trigger more interest among private companiesAlert: Lucknow, Guwahati among six airports to get privatisedAlert: UDF already revised for Chennai and Kolkata airports
‘UDF revision on account of investments made by Airport Authority of India’: Government sourcesAlert: Interested private players include GMR, GVK, Tata and Reliance Infrastructure
UB Holdings says -Karnataka High court admits winding up petition against company-To appeal against Karnataka High Court admission order TRAI-Seeks view on migration fees to be paid by radio broadcasters-Seeks view on radio broadcasters' migration from phase 2 to 3-Seeks view on radio broadcasters' migration by December 17
Department of Telecom (DoT) sources say-Have finalised M&A policy for telecom sector-Merging telecom companies to pay market price beyond 4.4 MHz-Resultant company post M&A may have 50 percent market share-Resultant company post M&A deal to pay nothing up to 4.4 MHz-M&A norms to be vetted by cabinet-403 MHz 2G spectrum to be sold at upcoming auction-Market price to be determined in upcoming auctions-Companies to pay market price for spectrum beyond 4.4 MHz-Auction determined market price to be valid for one year-To take call on administrative pricing by next year-Companies cannot sell spectrum for 3 years after acquisition-3-year lock-in period applicable to sale of equity-M&A may not involve sale of equity; will seek legal opinion
Cabinet to consider spectrum reserve price on December 5-In 1800 MHz: 403.2 MHz to be auctioned instead of 298.6 MHz-Legal opinion to confirm if merger violates equity lock-out-Transfer fee for M&A in lock-in period after legal opinion-1-time levy spectrum beyond 4.4 GMS/2.5 CDMA-1-time Levy for merger differential between entry fee and market price
Government seeks expediting auction of category C mines in Karnataka-Steel ministry seeks to be party in Karnataka mining case
Tata Motors commits to long-term R&D in UK with multi-million pound investment through TMETCAlert: TMETC is Tata Motors European Technical Centre-TMETC to consolidate R&D around collaborative NAICAlert: NAIC is National Automotive Innovation Campus-NAIC facility will open in 2016-NAIC facility to house around 1,000 engineers and scientists
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