Here are stocks that are in news today:
Temasek Holdings unit Singapore Tech Telemedia in race to buy Tata Communications’ data centre business-Deal value estimated at USD 700 million (Rs 4,421 crore): ToI
Tata-SIA & CAPA study on aviation: Mukund Rajan, Tata Sons says-Indian aviation could add USD 250 billion to value add by 2025Alert: Value add currently stands at USD 10 billion-Mumbai airport will run into significant capacity issues in 3 years-Sales tax on aviation turbine fuel (ATF) biggest drag on competitiveness-5/20 rule does not exist anywhere else in the world-5/20 rule is not serving the interests of India-Argument of putting any curbs on new airlines flying abroad is meaningless-70 percent of traffic to & from India being carried by foreign airlines-Indian carriers not being allowed to fly abroad hurts competitiveness-Enhancing capabilities of regulator crucial for the sector-Government needs to focus on bringing down costs of aviation sector-Market needs clarity on India’s long-term goals-Hope draft aviation policy has a long-term vision for aviation sectorVistara CEO Phee Teik Yeoh says-Jet fuel prices in India highest in the world-Sales tax on ATF must be cut to bring down cost of business-Landing charges & passenger fee in India among the highest-Royalty on ground handling prohibitively high-Need for transparency in approval process; simplify route dispersal norms-Government can incentivise companies to fly to non viable routes through air services fund
Aurobindo Pharma: Sources-Company likely to launch QIP issue today, looking to raise USD 250-300 million-Total equity dilution around 3-4 percent on post basis-Promoter stake in company likely to stay above 50 percent-Company has an enabling resolution to raise up to USD 350 million
Supreme Court questions government on action on call dropsGovernment to Supreme Court-Considering including conditions on call drops for next round of auctions-Telecom companies have technologies other than towers to address call drop issue-Telecom companies not deploying necessary technologies to the address issue
Sobha-Q2FY16 total sales at Rs 533.2 crore versus Rs 590.5 crore (YoY)-Company's share in Q2FY16 total sales at Rs 495 crore versus Rs 559 crore (YoY)-Q2FY16 average price realisation at Rs 6,270/sq ft versus Rs 7,080/sq ft (YoY)-Company's share in Q2 average price realisation at Rs 5,822/sq ft versus Rs 6,703/sq ft (YoY)
Supreme Court observes auction results could be scrapped if Reliance Communications, Bharti Airtel stand upheld-Reliance Communications, Bharti Airtel seek scrapping of recently concluded auctions
Reliance Communications, Bharti Airtel to Supreme Court:-All available auctions not made available for recently concluded auctions-Recently concluded auctions were a scarcity driven auctions-Spectrum cleared by MTNL, BSNL not included in the auctions-Recently concluded auctions were subject to final orders of the court
Government to Supreme Court:-Spectrum is yet to be surrendered by defence, MTNL, BSNL-No timeframe can be out to when defence will clear the spectrum-Will make auctions available for auctions as & when freed-Tentatively the next round of auctions will be in March-April of 2016-Availability of spectrum depends on the process of harmonisation-Cabinet has given nod for spectrum trading-Spectrum sharing guidelines have been notified on September 24
German Development Bank KfW signs loans worth USD 300 million with SBI-SBI & KfW sign pact for loan facility to support rural & micro-enterprise lending
Phoenix Mills-Acquires 19.38 percent equity stake in Gangetic Hotels-Acquires stakes of MTX Hotels, Amitabh Tayal & Priyank Tayal in Gangetic Hotels
ICICI Bank cuts home loan rate by 25 basis points to 9.65 percent for new customersAlert: ICICI Bank had reduced base rates by 35 bps to 9.35 percent effective October 5-ICICI Bank increases spread on home loans by 10 bps to 30 bps
Axis Bank cuts home loan rates to 9.60 percent for small ticket borrowers-Axis Bank cuts home loan rates to 9.65 percent for large ticket borrowersAlert: Small ticket loans defined as under Rs 28 lakh, large ticket over Rs 28 lakh
Adani Enterprises says-Chemoil sells its 49 percent stake in Chemoil-Adani Pte to companyAlert: Chemoil-Adani Pte supplies bunker fuel to vessels in Mundra & other ports-Business to be fully-owned & managed by company; renamed Adani Bunkering-Chemoil will no longer be associated with the business-Company & Chemoil now feel that time is right to separately pursue their own strategies
Aditya Birla Nuvo enters into a definitive SSA (Share Subscription & Shareholders Agreement) with AEIF Mauritius SPV 1AB Nuvo says-In agreement with AEIF Mauritius SPV 1 to build a renewable energy platform-Renewable energy platform to be focused on developing utility-scale solar power plants-Company will hold 51 percent stake in AB Renewables & AEIF Mauritius SPV 1 to hold 49 percent
Coffee Day Enterprises-Sets price band for IPO at Rs 316-328/share-IPO set to open mid next week: Reuters sources
Other stocks and sectors that are in news today:-CARE downgrades Jaiprakash Power Ventures’ loans for Nigrie Thermal Power project from BB to D-GMR Airports looking to raise Rs 2,500 crore: ET-ONGC Videsh likely to bid for blocks in Uganda: FE-Coal secretary says decision taken to allocate Parbatpur coal block to SAIL-Sun Pharma to seek shareholders' nod to raise up to Rs 12,000 crore on October 31-Indiabulls Housing Finance cuts home loan rates by 25 bps to 9.60 percent w.e.f October 7-Siemens India says IL&FS & GIFTCL (Gujarat International Finance Tec-City) sign MoU with company to develop smart mobility solutions for GIFT-Dr Reddy’s Laboratories gets tentative US FDA nod for Lamotrigine (used to help control certain types of seizures)-Torrent Pharma gets tentative US FDA nod for Olmesartan Medoxomil (used for the treatment of high blood pressure)
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