Here are stocks that are in news today:
GVK group acquires Hancock Coal & Infra in Australia -Deal valued at USD 1.26 billion; payable in phased manner
-Acquisition done via group arm GVK Coal Developers, to initially hold 10% in arm
-Has option to hike stake in GVK Coal Developers to 49%
-Acquisition to get 79% in Alpha Coal & Alpha West Coal
-Acquisition to give 100% stake in Kevin's Corner Coal Project
-Acquisition to give 100% stake in Rail Project to Abbot Pt Port`
GVK Power on acquisition says-Acquisition funding requirements have been tied up
-Primary funding for acquisition by equity
-Looking at raising more than USD 1 billion at holding company level
-Looking at strategic investors keen to take a minority stake in holding company
-Will not look at dilution of equity in company
FM says:-Inflation at unacceptable levels; must be contained
-RBI taking monetary policy steps to contain inflation
-RBI policy formulated in consultation with govt
-No decision to raise LPG, diesel, kerosene prices
Banking Secretary says -Govt got request for fund infusion from 6-7 banks
-Committed to fund infusion to PSU banks including SBI
-May make supplementary demand for banks' fund infusion
-Govt to ensure 58% share, 8% tier-I capital in PSU banks
Jet Airways says
-To hike fuel surcharge by Rs 200 per domestic sector
-Fuel surcharge hike effective September 17
-Fuel surcharge hike applicable to Jet, Jet Konnect, JetLite
Other stocks and sectors that are in news today:-JLR to build 400m pound engine plant in UK – Reports
- Alfa Laval board meet today to consider delisting, parent currently holds 88.77% stake (CMP Rs 1960)
- Maruti Suzuki to resume production at its Manesar & Gurgaon plants
- Coal India ’s import initiative falls through, no taker abroad for its offer of a long term contract at discounted prices (ET)
-Green panel gives a conditional nod to JSW Steel ’s Bellary plan expansion (ET)
- GMR promoted DAIL seeks regulators’ nod for 5 fold increase in airport charges – FE
- Emami to invest around Rs 2000 crore in the healthcare segment over the next two years, subsidiary to dilute 25% to PE firms & add 7 hospitals (BS)
-Indian Railways may award contracts worth Rs 26,000 crore to BHEL on a nomination basis (FE)
- NMDC raises iron ore output in Karnataka upto 30,000 tonnes per day (Mint)
-Steel ministry demands a hike in export duty on iron ore to 30% from the existing 20% (Mint)
-Telenor to raise upto Rs 8000 crore in Unitech JV via rights issue & debt; also eyeing a second partner if Indian company stays away (TOI)
- SBI says: Will pass on RBI rate hike to customers in 2-3 weeks
-Bank Of Maharashtra to hike loan rates from October 1 & keep deposit rates unchanged
- Prakash Constrowell IPO with a price range of Rs 130-138/sh opens today
-CCI clears Wockhardt ’s proposal to sell its nutrition business to Danone
-BSNL may scrap 15 million lines GSM Tender
- Ipca Labs board approves amalgamation of Tonira Pharma
-F&O ban: ABG Shipyard, Gitanjali Gems
GVK group acquires Hancock Coal & Infra in Australia -Deal valued at USD 1.26 billion; payable in phased manner
-Acquisition done via group arm GVK Coal Developers, to initially hold 10% in arm
-Has option to hike stake in GVK Coal Developers to 49%
-Acquisition to get 79% in Alpha Coal & Alpha West Coal
-Acquisition to give 100% stake in Kevin's Corner Coal Project
-Acquisition to give 100% stake in Rail Project to Abbot Pt Port`
GVK Power on acquisition says-Acquisition funding requirements have been tied up
-Primary funding for acquisition by equity
-Looking at raising more than USD 1 billion at holding company level
-Looking at strategic investors keen to take a minority stake in holding company
-Will not look at dilution of equity in company
FM says:-Inflation at unacceptable levels; must be contained
-RBI taking monetary policy steps to contain inflation
-RBI policy formulated in consultation with govt
-No decision to raise LPG, diesel, kerosene prices
Banking Secretary says -Govt got request for fund infusion from 6-7 banks
-Committed to fund infusion to PSU banks including SBI
-May make supplementary demand for banks' fund infusion
-Govt to ensure 58% share, 8% tier-I capital in PSU banks
Jet Airways says
-To hike fuel surcharge by Rs 200 per domestic sector
-Fuel surcharge hike effective September 17
-Fuel surcharge hike applicable to Jet, Jet Konnect, JetLite
Other stocks and sectors that are in news today:-JLR to build 400m pound engine plant in UK – Reports
- Alfa Laval board meet today to consider delisting, parent currently holds 88.77% stake (CMP Rs 1960)
- Maruti Suzuki to resume production at its Manesar & Gurgaon plants
- Coal India ’s import initiative falls through, no taker abroad for its offer of a long term contract at discounted prices (ET)
-Green panel gives a conditional nod to JSW Steel ’s Bellary plan expansion (ET)
- GMR promoted DAIL seeks regulators’ nod for 5 fold increase in airport charges – FE
- Emami to invest around Rs 2000 crore in the healthcare segment over the next two years, subsidiary to dilute 25% to PE firms & add 7 hospitals (BS)
-Indian Railways may award contracts worth Rs 26,000 crore to BHEL on a nomination basis (FE)
- NMDC raises iron ore output in Karnataka upto 30,000 tonnes per day (Mint)
-Steel ministry demands a hike in export duty on iron ore to 30% from the existing 20% (Mint)
-Telenor to raise upto Rs 8000 crore in Unitech JV via rights issue & debt; also eyeing a second partner if Indian company stays away (TOI)
- SBI says: Will pass on RBI rate hike to customers in 2-3 weeks
-Bank Of Maharashtra to hike loan rates from October 1 & keep deposit rates unchanged
- Prakash Constrowell IPO with a price range of Rs 130-138/sh opens today
-CCI clears Wockhardt ’s proposal to sell its nutrition business to Danone
-BSNL may scrap 15 million lines GSM Tender
- Ipca Labs board approves amalgamation of Tonira Pharma
-F&O ban: ABG Shipyard, Gitanjali Gems
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