Here are stocks that are in news today:
MSCI says-YES Bank to be deleted from MSCI w.e.f. September 18Alert: YES Bank’s current weight around 0.37 percent on MSCI India Index, estimated outflows of USD 41 million
Cabinet approves Rs 4,754 crore scheme for strengthen power transmission in Arunachal, SikkimCoal and Power Minister Piyush Goyal says-Cabinet approves Rs 4,754 crore power transmission scheme for Arunachal, Sikkim-Proposal for transmission and distribution (T&D) was pending since 2007-T&D system to be given to states free of cost in 4 years-T&D system to be given free of cost so that tariffs don't escalate-To build optical fibre system for high speed connectivity-Strengthening of T&D will help reduce aggregate technical and commercial (AT&C) loss significantly
Tata Motors-August global wholesales at 73,524 units versus 80,151 units (MoM)-August global JLR wholesales at 31,650 units versus 39,467 units (MoM)
Greaves Cotton-Closes manufacturing operations at company’s construction equipment business plants due to non-viability-Greaves Cotton says closed construction equipment business plants to avoid incurring further losses
Persistent Systems-Enters into stock purchase agreement with Altizon Systems-To invest USD 100,000 by subscribing to Altizon’s equity shares
SEBI-Grants conditional renewal to MCX-SX for one year-Asks MCX-SX to submit sustainable business plan
Q2 advance tax numbers: Sources-SBI likely to have paid Rs 1,390 crore versus Rs 1,120 crore (YoY)-Bank of India likely to have paid Rs 330 crore versus Rs 270 crore (YoY)-Bank of Baroda likely to have paid Rs 640 crore versus Rs 630 crore (YoY)-BPCL likely to have paid Rs 487 crore versus Rs 202 crore (YoY)-Central Bank of India likely to have paid Rs 231 crore versus Rs 200 crore (YoY)
Wipro says-Saudi Arabia arm wins order from Saudi Electricity Company-Order from Saudi Electricity to expand existing footprint of SAP solution
KS Oils says-Company not involved in negotiations with bidders w.r.t. asset sale-Process of company’s asset sale is being handled by lenders
Circuit filter revision-Gujarat Metallic Coal and Coke From 20 percent to 10 percent-Gujarat State Fertilizers and Chemicals From 20 percent to 10 percent
SBI hikes rates on deposits for 180-210 days to 7.25 percent from 7 percent-SBI cuts rates on deposits for 1-3 years to 8.75 percent from 9 percent-SBI revises interest rates on retail term deposits below Rs 1 croreSBI chairman Arundhati Bhattacharya to CNBC-TV18-Reason for revision in rates is availability of liquidity-Inflation seems to be on downward trend-Will keep reviewing other rates as well-Credit growth remains low, expect it to improve from January
Other stocks and sectors that are in news today:-Competition Commission of India (CCI) clears Kotak Mahindra Bank's acquisition of 15 percent stake in MCX-CCI clears Zuari's open offer for Mangalore Chemical shareholders-L&T Construction wins orders worth Rs 2,050 crore in August-September-IDFC chairman Rajiv Lall says IDFC to begin setting up of holding co soon-SPML Infra board to meet on September 18 to mull fund raising-Sanofi tax case: SC to hear arguments on Rs 1058 crore tax demand on Sanofi (after acquiring Shatha Biotech) in light of retro amendment-GMR Infrastructure board meeting today: To consider, raising of funds through issue of equity shares of the company to its shareholders on a rights basis-DCW board have allotted 37 lakh equity shares to the promoter group on preferential basis at a price of Rs 27/share-Shemaroo Entertainment IPO opens today, closes on September 18-Fitch says banks need over USD 200 billion capital for full implementation of Basel-III capital requirements by March 2019-Department of Telecom pushing to finish broadband project roll out by March 2016-Monte Carlo Fashion gets SEBI go-ahead for its estimated Rs 500 crore IPO
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