National Spot
Exchange (NSEL) says
-Rs. 7.77 crore pay-outs
made on September 10
- 19 members have been declared defaulters
-6 defaulters from 19 yet to meet exchange officials
-5 defaulters willing to keep properties as collateral
-Major stock shortage in 9 warehouses of 7 defaulters
-Auditor denied entry in 29 Godowns of 11 defaulters
-SGS yet to submit report for 2 more warehouses
ONGC Videsh (OVL)
-Mulls buying Petronas’ 11% stake in Venezuela: PTI
-May buy Petronas’ 11% stake in JV with Oil India and IOC
Stemcor stake sale
bidding date extended: CNBC
-TV18 Exclusive: Sources -Bidders were to submit bids by
yesterday
-Last date for bids extended to September 17
-Tata Steel, JSW
Steel , JSPL yet to submit bids
-JSW Steel, JSPL likely to submit bids soon
-Management of both companies evaluating valuations
-Bidders likely to have sought an extension
SKS Microfinance:
-West Bridge ventures acquires 1.48% stake at Rs. 140/share
-West Bridge ups stake in company to 8.44%
Alert: West Bridge is part of Sequoia, one of the PE
promoters
SKS Microfinance says:
-Under Articles of Association (AoA), no shareholder has any
right to nominate director
-Received request for seat on board of directors from SKS
Trust
Supreme Court:
-To continue hearing in coal block allocation matter today
-Seeks list of coal block allocations under coal mines act
Other stocks and sectors that are in news today:
-Bankers vary of Bharati Shipyard's Rs 5860 crore debt
recast: ET
- Zenith Infotech loses appeal against winding up -CBI
chargesheets India Cements MD in Jagan case -Central Bank says Deccan Chronicle
wiiful defaulter: FE
- TCS gets multi-million, five-year order from Scandinavian
airlines
- Jindal Steel and Power (JSPL) to set up 175 MW power plants
in Liberia for USD 250 million: PTI
- Eros International
Media: Parent Eros International filed for IPO in US
-Reliance Jio signs
MoU with Kolkata Municipal Corporation for 4G rollout
-Cabinet to consider capital infusion in IIFCL on Thursday:
PTI sources
Govt says:
-Cash Transfer for LPG to save up to 12%on subsidy annually
Alert: Annual LPG subsidy outgo at Rs 40,000 crore
-Savings from cash transfer for LPG subsidy to rise in FY15
-Could save up to 10-20% on LPG subsidy next year
-LPG direct cash transfer in Delhi to start from January 1
-28 schemes in 121 districts launched under direct benefit
transfer
RBI says
-Held-to-maturity (HTM) for primary dealers (PDs) hiked to
200% of net funds as against 100% earlier -PDs can transfer gilts into HTM
category once again in July-September
-Leeway to PDs on HTM due to excessive volatility in gilts
