Raghuram Rajan to
take over RBI governor today
National Spot
Exchange (NSEL)
# Defaults for the third time in a row
# Declares third payout amounting to Rs. 15.37 crore
# Issues notices against 14 defaulters
NSEL says
#To recover money from borrowers via sale of their assets
Vikram Akula exits
SKS Microfinance
# SKS Trust Advisors ups stake in SKS Microfinance to 12.60
percent from 9.91 percent
# Vikram Akula sells 9.06 lakh shares of company at Rs
132/share
# SKS Mutual Benefit trust Medak buys 10.25 lakh shares
# SKS Mutual Benefit Trust Medak buys shares at Rs
130.79/share
# Sequoia Capital also sells 15 lakh shares at Rs 132/share
Cabinet Committee on
Economic Affairs okays Mylan's USD 1.6 billion deal to buy Strides Arcolab 's
unit
# Mylan says transaction is expected to close in Q4 of 2013:
Reuters
Mylan deal has now
cleared all domestic clearances
# Is now pending only US Federal Trade Commission approval
# Is expected in September
Cabinet approves
IndiaUAE aviation bilateral pact
# IndiaUAE bilaterals:
# Proposal to up seats to 12,800 per week in 2014 winter
schedule
# Proposal to up seats to 12,870 per week in 2015 winter
schedule
On CNBCTV18 Kapil
Kaul, CEO SouthAsian region, CAPA says
# Cabinet move to okay bilateral pact is on expected lines
# IndiaUAE bilateral pact to primarily help Etihad
# Do not see any regulatory challenges to JetEtihad deal
Gujarat Gas in pact
to buy 0.85 mcmd gas from Gujarat State Petronet (GSPL)
# GSPL to supply gas to Gujarat Gas from January 2014 to June
2025
RBI to issue circular
on 80/20 gold import rule: Sources
# RBI circular to amplify current provisions
# Customs dept to also issue circular on implementation of
80/20 rule
# RBI issues clarification on 20/80 gold import norms
RBI says:
# Gold sale to SEZs not considered sale to exporter
# Gold sale to export units not considered sale to exporter
# Gold sale to trade houses not considered sale to exporter
# SEZ, export units can import gold exclusively for exports
# Trading houses can also import gold exclusively for exports
SEBI says:
# Bourses to revise indexbased circuit breaker limits daily
# Index circuit breaker limits to be based on previous close
# Post circuit halt, trading to resume with 15 minutes call
auction
# New indexbased circuit limits effective from October 1
RBI tightens norms
for disbursal of home loans
RBI says
# Upfront disbursal of home loan for incomplete projects a
risk
# Banks must link disbursal of home loan to stage of
construction
AGMs today
# IDBI Bank
# Tara Jewels
Future Ventures
# PE fund Warburg Pincus set to buy a Rs 350 crore minority
stake in Indian ethnic wear brand Biba: ToI
# Move to also include purchase of the stake held by Kishore
Biyani’s Future Ventures
LIC Housing Finance
# Has raised interest rates on home loans by 35 basis points
but has spared its existing customers from a rate hike: ET
# To raise Rs 200 crore via 3year bonds at 10.60 percent
Dhanlaxmi Bank
# Planning to raise Rs 60 crore in the next couple of months
through preferential allotment
# Bank is also planning to raise Rs 200 crore through right
issue or QIP, all these funds will be raised through NRI’s: BS
Dalmia Bharat
# August cement production 759,000 tonne versus 692,000 tonne
YoY
# August cement despatches 768,000 tonne versus 699,000 tonne
YoY
Mindtree
# Plan two more delivery centres in US
# Looking to acquire companies in package application,
infrastructure management to build scale in some domains
Other stocks and
sectors that are in news today:
# GMR Infrastructure promoter GMR holdings get 1.9 crore pledge
shares released from MOFSL
# Lanco Infratech: Lanco Group has retrenched about 50 percent of its
8000 workforce during the last 15 months: ET
# Wipro bagged USD 125 million (Rs 850 crore) orders from Deutsche
Bank for providing application maintenance service: BS
ExDividend Maharashtra Seamless: Rs 6/share
