Here are Stocks that are in News today:
RBI Governor Raghuram Rajan says
-Not an easy time to take over as RBI Governor
-'India is a strong economy with a great future'
-To emphasise on transparency & predictability
-Will make monetary policy statement on September 20
-RBI takes its mandate from RBI Act
-Monetary stability prime role of RBI
-Urjit Patel panel to work on strengthening monetary policy
-To soon issue circular on freeing bank branching
-'Will not say we will never surprise the market'
-Hope to announce bank licences around January 2014
-Bimal Jalan to head panel to issue bank licences
-Bimal Jalan panel to recommend bank licence candidates to
RBI
-To encourage foreign banks to move to subsidiary format
-Can cut bank investments to government securities when
pension funds grow
-Nachiket Mor panel to study financial inclusion
-To up credit refinance limit for exporters
-Banks may borrow abroad up to 100% of Tier-I capital
-To work with SEBI, government to liberalise markets
-To push for more global settlements in rupee
-Have to improve efficiency of loan recovery system
-Deputy Governor KC Chakrabarty to study non-performing
assets (NPAs) under restructured loans
-Need to accelerate debt recovery tribunal proceedings
-Bad loan problem not alarming yet
-Will issue inflation index savings certificates
-To set up panel on mobile-based payments
-RBI has always changed when needed
-Plan to roll out broader reforms roadmap soon
-Believe 'gloom & doom' thinking overdone
-'My job as RBI Governor is not to get Facebook likes'
-Will follow all developments, including US Federal moves
-RBI has a plan to tackle the economy
-Financial markets get volatile when tapering is announced
-Will not read too much into S&P India rating statement
-Eyeing cues on US Federal easing; to take appropriate steps
RBI sources say:
-Banks' exposure to National Spot Exchange (NSEL) at Rs
3,000 crore
-Banks' direct exposure to NSEL at Rs 1,000 crore
-Banks' indirect exposure to NSEL at Rs 2,000 crore
Axis Bank says
-Direct/Indirect exposure to NSEL insignificant
-There is enough collateral against NSEL exposure
Foreign Investment Promotion Board (FIPB) clears Muthoot
Finance White Label ATM licence
-Muthoot finance to set-up 9,000 ATMs in India over a period
of 3 years
NSEL says
-Outstanding amount of Rs 5,573 crore on August 1 including
value added tax (VAT) of Rs 186 crore
-All pay-out as per Forward Markets Commission (FMC)
directions
-All pay-outs being computed based on settlement liability
-To release VAT of Rs 186 crore against invoices raised
-Proportionate VAT amount being retained in Escrow a/c
-Amount to be released after receiving VAT invoices, FMC nod
Control of commodity exchange including MCX, NCDEX to move
to finance ministry: Sources
-Prime Minister's Office (PMO) approves decision to bring
COMMEX under finance ministry's control
-PMO approves decision to bring FMC under finance ministry's
control
-Notification on move to be released in 1-2 days
Alert: currently Comex, FMC under consumer affairs
ministry's control
FMC likely to give clarifications on VAT soon: Sources
-Members need to submit valid invoices to collect VAT amount
-NSEL to recover VAT amount from buyers
-Buyers require submitting VAT invoices to claim credit
-VAT amount not part of settlement pay-out plan
-NSEL submitted VAT amount details to FMC
Alert: FMC had asked NSEL to submit details of VAT amount
-Borrower members to pay differential VAT to state
government
M&M 's Pawan Goenka to CNBC-TV18:
-Not to offer steep discounts during festive season
-Have a lot of expectations from new RBI Governor
-RBI may continue to focus on inflation
-To launch four new products over next 2.5 years
-May take price hike in sport utility vehicle segment
GSPC
-Hikes CNG price in Gujarat by Rs 3/kg today
-New CNG price in Gujarat to be Rs 66.30/kg versus Rs
63.30/kg
AGMs today
- Bharti Airtel
- HPCL
- Prestige Estates
Ex-Dividend
- BEML: Rs 2.5/share
- GAIL India: Rs 5.6/share
- Godfrey Phillips: Rs 40/share
Other stocks and sectors that are in news today:
-RBI withdraws curbs on foreign equity investment in Axis
Bank
-Finance ministry defers plans to infuse Rs 14000 crore in
PSU banks: ET
- Apollo Hospital arm may get Rs 600 crore from KKR lead
consortium: ET
-Banks scuttle Suzlon ’s plan to pay offshore bond holders:
ET
- Godrej Properties rights issue closes on September 11
- Asahi India rights issue closes today
- Jet Airways hikes fares by 25% with immediate
effect: Sources to PTI
- Tata Motors MD: To launch diesel version of Nano by end of
March 2014: Reuters
- HCL Technologies gets order from North American co Direct
Energy
-Ex-Date: Astral Poly Stock Split from Rs 5 to Rs 2
Finance Minister:
-At the moment FDI in pension bill capped at 26%
-Even 26% FDI is a welcome step in pension
-If FDI cap in insurance hiked, pension will also move
higher
-Pension Fund Regulatory and Development Authority (PFRDA)
now becomes a statutory authority
-To take up insurance bill in next session of parliament
