Stocks in news: Rel Cap, Power Grid, Torrent Pharma, Bharti

SAT adjourns DLF versus SEBI case till January 12-SAT raises question on SEBI’s jurisdiction in charging DLF under Fraudulent & Unfair Trade Practices (FUTP) regulations-SAT seeks clarification from SEBI on exceeding powersSAT observes-Delhi HC only directed SEBI to probe DLF for alleged violations of Disclosure & Investor Protection (DIP) guidelinesSEBI Counsel argues-SEBI has powers to investigate DLF under SEBI Act-No need for SEBI to seek permission from Delhi HC on probe

Bajaj Hindusthan-Seeks shareholder nod to up borrow limit up to Rs 11,000 crore-Board considered restructuring scheme under Joint Lenders' Forum (JLF) mechanism

Essar Oil-To acquire balance 74 percent stake in Vadinar Power-To acquire balance 74 percent equity in Vadinar Power for maximum Rs 2100 crore-Taking series of low capex projects under optima plus banner-Taking short gestation projects under optima plus banner-Gross refining margin to go up by USD 1-1.5 a barrel in 2 years post project completion

Aviation Ministry: sources-Ministry asks secretary to devise framework to regulate airfare-Maximum fare for economic class should not exceed Rs 20,000-Minimum fare will depend on breakeven cost of each airline-Airports Economic Regulatory Authority (AERA) Act may be amended to include airlines-Mechanism to regulate fares may be devised in about 1 month-Secretary to hold consultation with stakeholders before implementation-Ministry has spoken to most airlines informally about capping fare-Airlines are ok with a cap on minimum fares-Fare regulation short-term measure, not a permanent move-Fare regulation move prompted by the SpiceJet issue

SBI says to start talks with life insurance partner BNP Paribas on BNP increasing stake in JV: Reuters-SBI Life Insurance JV chief Arijit Basu says government executive order on insurance sends a ‘positive message’ to investors Financial Technologies says-Investor SKS Capital expresses inability to purchase warrants-Have agreed to terminate agreement with SKS Capital-2.72 crore shares of MCX-SX transferred to Rakesh Jhunjhunwala-Consideration for 2.72 crore shares has been received-Investor Uday Shah agreed to purchase additional 50 lakh warrants-Balance 17.26 crore warrants will be transferred to Escrow Agent

Vedanta Chairman Anil Agarwal meets Finance Minister Arun Jaitley: PTI sources-Vedanta Chairman discusses issues related to stake sale in Hindustan Zinc and BALCO

Other stocks and sectors that are in news today:-Reliance Industries (RIL) inks shipping deal with Japan’s Mitsui OSK Lines to import ethane from US-Power Grid Corporation to get transmission projects worth Rs 36000 crore: FE-SpiceJet likely to submit revival plans to government today-Government says will look into Bharti Airtel's 16-fold hike in rates for net calls: TOI-Torrent Pharma enters into an exclusive licensing agreement with Reliance Life Sciences for marketing 3 biosimilars in the Indian market: BL-Bharati Shipyard: Edelweiss ARC is making efforts to raise Rs 634 crore in the form of "debt or a combination of debt-cum-equity" so as to turnaround the company-Government to defer Rashtriya Ispat Nigam's IPO: PTI-Punjab National Bank seeks shareholder nod to raise equity capital via FPO/QIP/ESPS-Transport Minister Nitin Gadkari says cabinet approves ordinance to regularise e-Rickshaws: PTI

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