Here are stocks that are in news today:
Coal block allocation case: -Supreme Court reserves order in coal block allocation case (Hindalco Industries, Jindal Steel etc in focus)-Steel, power producers seek appointment of judicial committee-Appointment of judicial panel sought for fact findings-Supreme Court has not given any date to pass the order
Lanco Infratech-Plans to sell additional 3,000 MW assets-Asset sale to raise Rs 5,000 crore in cash, reduce additional debt of Rs 15,000 crore
Biocon says-Arm Biocon Research in agreement with GE Equity International Mauritius-Arm to buy GE Capital's investment in Syngene International for Rs 215.4 crore-GE Capital had a 7.69 percent stake in Syngene
IRB Infrastructure AGM: IRB Infra says-Committed Rs 2,850 crore as equity investment in projects under implementation-Been declared qualified to bid for Rs 5,319 crore BOT project with NHAI-Already qualified to bid for road projects worth Rs 33,000 crore-No plans to buy any stressed assets right now
Government plans to end SAIL roadshows by today at Mumbai
Government hopeful of divesting stake in SAIL this month: Sources-New retail participation norms for offer for sale (OFS) to apply for SAIL divestment-Government could reserve upto 20 percent bucket for retail investor in SAIL OFS-Government to communicate OFS announcement 2 days prior to issueAlert: Extra 1-day window for announcement to enhance retail participation-Cabinet committee on Economic Affairs (CCEA) nod awaited for ONGC, Coal India, NHPC stake sale-Coal India, ONGC road-shows likely a month after CCEA nod
NSE F&O changes-5 scrips to be added to NSE F&O w.e.f today-Eicher Motors, Motherson Sumi, Mindtree, SKS Microfinance and TVS Motor
Auto numbers in focus-SIAM monthly figures for August at 11:30 today-Monthly auto sales numbers from industry body
UK drug regulator Medicines and Healthcare products Regulatory Agency (MHRA) on Wockhardt-Assessing corrective actions taken at company's Indian manufacturing units-Regulatory restrictions remain under review as part of assessment-No evidence of safety risk from medicines made at India unit-Assessing company's progress towards compliance with EU Good Manufacturing Practice
Diesel price may be cut for first time in 7 years; petrol by Re 1/litre: Sources-Possibility of reduction in retail prices if brent crude continues to stay below USD 100/barrelAlert: Petrol and diesel rates are due for revision on September 15
SBI chairman Arundhati Bhattacharya says-Expect credit to pick up by December-15 percent credit growth for industry ‘unlikely’ this year-Need force of law to resolve Kingfisher Airlines bad loans issue-Expect status quo on interest rates in upcoming RBI monetary policy
Puravankara Projects-Seeks shareholders’ nod for borrowing limit up to Rs 2,500 crore-Seeks shareholders’ nod for issue of NCDs up to Rs 1,000 crore
RBI issues clarification on guidelines on wilful defaultersRBI says-Group companies of debt defaulting companies can also be wilful defaulters-Banks can name companies' management as wilful defaulters-Change in wilful defaulter norms applicable only prospectively-Guarantors who refuse to pay to be treated as wilful defaulters
Other stocks and sectors that are in news today:-ICICI Bank board approves stock split from Rs 10 to Rs 2-Government may cancel SEZs of Hindalco, Essar, Adani: PTI-Jubilant Life shareholders approve borrowing limit up to Rs 5,000 crore-Sasken Communications receives arbitration award of USD 21.5 million from Spreadtrum Comm-Andhra government to soon sign deal with NTPC for 1000-mw solar unit-Coal India lists steps needed to increase output-Vedanta Resources chairman Anil Agarwal says company a big contender for government's residual stake in Hindustan Zinc-Godrej Industries says Bombay HC sanctions merger of Wadala Commodities with company-Future Consumer says Gopal Bihani resigns as Chief Financial Officer w.e.f. September 1-Corporate action: Aban Offshore Ex-dividend Rs 3.60/share-Coal India AGM-ACC EGM
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