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Last Updated : Sep 10, 2015 10:03 AM IST | Source: CNBC-TV18

Stocks in news: Piramal Ent, RComm, Bharti, Castex, MRPL

Larsen and Toubro | Piramal Enterprises | Cairn India | Reliance Communications | Jindal Steel | Bharti Airtel | NTPC | Aditya Birla Chemicals | Grasim Industries | Amtek Auto | Castex Tech | BPCL | Nestle and MRPL are stocks, which are in the news today.

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Here are stocks that are in news today:

Telecom Minister Ravi Shankar Prasad says
-Have asked operators to do their bit to solve call drops issue
-Have not decided for or against penalties for call drops

MRPL in talks with Colombia's Ecopetrol for term crude deal
-MRPL hopes to get first cargo of Colombian Castilla crude in November
-MRPL aims to buy Basra heavy oil from Iraq's SOMO: Reuters


L&T AGM - AM Naik says:
-Unexecuted order book stands at Rs 2.3 lakh crore
-Executing 2 international projects worth Rs 17,000 crore

Gold bonds scheme:
-Tax treatment to kick in only after FY17 Budget
-Cap gains tax treatment will be same as for physical gold
-Amount raised will be used by government in lieu of government borrowing
-Savings in cost of borrowing to be deposited in gold reserve fund
-Gold reserve fund to take care of risks if gold price increases
-Redemption will be in rupee once scheme matures
-Interest rate will be calculated on value of gold at the time of investment
-Depositor can roll over bond for 3 years or more if gold price falls
-Risks w.r.t gold price & currency will be borne by government via reserve fund

Economic Affairs Secretary Shaktikanta Das says
-Idle gold has to be put into productive use
-Appreciation of gold value was not available to the public earlier
-Gold monetisation account will be opened for individuals
-Gold account will be denominated in the weight of gold
-Tax benefits will be available on gold monetisation schemes
-Government borrowings will be suitably adjusted on amount raised
-For gold bonds scheme, tax treatment will be the same as that for gold
-Department of revenue will give indexation benefits on gold bond schemes
-Gold bond schemes will carry long-term capital gains tax exemption
-All reporting requirements have to be met under both gold schemes
-Gold schemes cannot be used for money laundering
-Will work with RBI on the likely interest rate payable on gold scheme

Dr Reddy’s Laboratories
-To market PanTheryx’s proprietary nutritional intervention
-PanTheryx’s proprietary nutritional intervention is for pediatric infectious diarrhea
-Agreement grants company exclusive right to market & distribute PanTheryx's Diaresq
-Company will market the product in India & Nepal under the ‘Reliqua(TM)’ brand

Vodafone India to CNBC-TV18:
-TRAI has released a consultation paper on call drop issue
-Haven't been able to provide best services due to external environment
-Trying to work with government on the call drop issue
-Not happy with company's performance in certain cities
-No financial gain on call drop
-Trying best to overcome certain issues by engaging with government

Commerce Ministry
-Calls stakeholders meeting on SEZs today
-To discuss issues w.r.t. SEZs to boost investments & exports: PTI

Finance ministry says:
-Directorate General of Safeguards recommends safeguard duty of 20 percent for 200 days
-Directorate General of Safeguards recommends safeguard duty of 20 percent on select steel products
-Commerce secretary headed board to examine Directorate General of Safeguards’ recommendations
-Safeguards duty shall apply to imports from all countries

IDFC MD Rajiv Lall to CNBC-TV18:
-Will launch new bank & banking operations on October 1
-Not expecting a significant rate cut on September 29
-RBI will not do anything precipitous till data meets its expectations
-Need strong bankruptcy laws
-Bankers do not want to run seized assets & so moving slowly

Nestle MD Suresh Narayanan says:
-Five weeks in office have been stressful & challenging
-Will be delighted to bring Maggi back by the end of the year
-Testing process will start now, court has mandated a 6-week period
-Disappointed by the class action suit filed by government
-Response to the new ad campaign has been overwhelming

BPCL says:
-FY15 been a good year for company, refinery business has been good
-Retail network expansion is happening as planned
-Have spent Rs 10,000 crore in capex last year
-Started de-bottlenecking project at Bina refinery
-Seeking government approval for further investment in Bina refinery project
-Approvals on Bina refinery from government should be in place soon
-Plan to increase capacity at Bina refinery from 8 MTPA to 15 MTPA

Other stocks and sectors that are in news today:
-Piramal Enterprises likely to scoop up IL&FS in all stock deal: ET
-Reliance Jio and Reliance Communications (RComm) set to announce pan India spectrum sharing pact: ET
-Cairn India tries high-end recovery techniques in Rajasthan block: BS
-ICRA downgrades Jindal Steel & Power ratings
-Carlyle Group buys stake in Metropolis Healthcare
-Bharti Airtel & Axiata consider combining their Bangladesh telecom business
-NTPC likely to start Damodar Valley Corp's Raghunathpur plant takeover in December: PTI
-Supreme Court asks government to come out with proposal on Air India employees' salary in 3 months
-SunEdison to develop 2 GW of wind, solar projects in Tamil Nadu in next 5 years
-Future Consumer says Niligiri Dairy Farm becomes a wholly-owned subsidiary of the company
-CCI approves Aditya Birla Chemicals' merger with Grasim Industries
-Met department says June 1-September 9 rainfall at 661.4 mm; 15 percent below normal
-Videocon Tele in talks with 3 operators for spectrum trading: PTI
-Amtek Auto's arm Castex Tech faces SEBI probe for alleged share price manipulation: PTI

Disclosure: Network 18, which publishes, is now part of the Reliance Group (which owns Reliance Jio).

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First Published on Sep 10, 2015 08:16 am
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