Here are stocks that are in news today:
Elections 2013:-Congress wins 21 of the 40 seats in Mizoram assembly-Congress retains power in Mizoram, gets a majority in the 40-member assembly-Mizoram CM Lal Thanhawla returns for second consecutive term in power
CERC releases draft MYT Regulations 2014-19 for power generation companies (gencos)Alert: MYT is Multi Year Tariff-Amends regulations to remove tax arbitrage available to power gencosAlert: Multi Tariff regulations revised once in 5 yearsAlert: Last tariff regulation was in January 2009-Modification in current tax arbitrage structure to affect companies like NTPCAlert: Tax arbitrage for NTPC at Rs 500 crore per year-No increase in operating and maintenance expenses for power gencosAlert: Industry expected it to increase by 20-30 percent-Not increasing operational and maintenance (O&M) expenses to impact NTPC significantly-NTPC under-recoveries for O&M expenses at Rs 1,000 crore -Regulations to set parameters for state regulators too-Lowers Special Heat Rate (SHR) by 2 percent to ensure more efficiencyAlert: Special Heat Rate is energy required to generate 1 unit of power
NSEL case update: Economic Offences Wing (EOW) says-Have frozen total of 327 bank accounts amounting to Rs 172 crore-Have attached 212 properties so far-Attached shares and investments make up for Rs 251 crore-Total value of attached assets at Rs 4,041 crore-Market value of attached assets likely to be higher-Confident market value accounts for about 80 percent of amount in default-Rs 265.52 crore been deposited in escrow by borrowers since FIR-Top worth steel and power has deposited Rs 152 crore-Jignesh Shah and Joseph Massey proposed plans repay investors
Supreme court says -Pharma companies can't sell drugs at old price after pricingAlert: Pharma companies, government in dispute over 1995 pricing policy date
NMDC-April-November iron ore production at 17.34 million tonne (MT)-April-November iron ore dispatches at 18.55 mt-December iron ore prices: Lumps - Rs 4,500/WMT, fines - Rs 2,810//WMT
Infosys unveils TradeEdge to help accelerate growth in emerging markets Narayana Murthy says-Launched new platform for emerging markets named TradeEdge-According to McKinsey, EM consumption to be USD 30 trillion by 2025
Reliance Communications may consider bond issue of up to USD 1 billion: Sources-European and Singapore markets shortlisted for bond issue-Bond issuance, timeline dependant on market conditions-Reliance Communications appoints banks to structure bond issue contours-Interest rate of 8-9 percent likely; not finalised yet-Bond issue to aid in retiring and restructuring high cost debtAlert: Reliance Communications had debt of Rs 41,169 crore as of September 2013-Company exploring options of fund raising and bringing down debtAlert: Reliance Communications declined to comment on story
Tata Chemicals-Europe arm to restructure Northwich operations -Arm to close winnington soda ash, calcium chloride units
Venus Remedies, Austell Lab ink MoU for antibiotic product Elores-Venus Remedies to launch Elores in South Africa by mid-2015
Other stocks and sectors that are in news today:-Government sources say EGoM to fix issue price of Power Grid FPO today-Canara Bank says all India banks' union to go on strike from December 18-Siemens puts premium residential property in Mumbai for sale-ONGC: Ex-date for interim dividend of Rs 5/share-Hexaware Technologies to merge arm Caliber Point business with self-SBI says government approves raising Rs 9,576 crore via QIP-Bombay High Court adjourns NSEL versus MMTC matter till Thursday-Strides Arcolab to consider special dividend today-Promoter gets pledge on 69.2 lakh Fortis Healthcare shares released on Friday-NSE suspends trading of 7 firms w.e.f. today: First Leasing, Edserv Softsystems, Asian Electronics, Aqua Logistics, Geodesic and Birla Power Solutions-SEBI revokes ban against 9 companies in Ruchi Soya share case
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