Sunday 25 December 2011
DRL, Zuari Ind, IRB Infra, GVK Power, RIL : Stocks News
Government sources
-General budget to be presented on February 29, 2012
-UP election schedule will not impact general budget
-UP elections end on February 28, 2012
TDSAT hearing dot to file reply by next Saturday
-TDSAT stays DoT 3G roaming ban order
-No coercive steps to be taken against companies until order
-TDSAT to hear matter on January 3
Telcos to TDSAT
-Decision to ban 3G intra circle roaming arbitrary
-Not issued showcause notice; no hearing given
-5 telcos paid around Rs 67,000 crore for 3G spectrum
-5 telcos include Airtel , Vodafone, Idea , Tata & Aircel
-DoT said intra circle roaming governed by license
-Telecom license contemplates intra circle roaming
-2008 roaming policy permits intra circle roaming
-Auction held for 3G spectrum, not for license
-No separate 2G & 3G license
-Holding telecom license was prerequisite for 3G bidding
-Telecom license is tech neutral; allows all services
-There is one pan-india telecom license.
Other stocks and sectors that are in news today:
IIFCL may get Rs 10 billion fund infusion soon: ET
REC firms up plan to raise up to USD 600 million through FCCBs:
MintOil Ministry to cap RIL 's spend on developing new KG-D6 gas fields: ET -New telecom policy regime likely by June 2012: Ministry: ET
FCCB payout may put pressure on Reliance Communications for tower stake sale: ETOil marketing companies (OMCs) may raise petrol prices by Re 1/litre next monthGVK Power : Changi to buy 26% in company’s airport business for Rs 2200 crore
Tech Mahindra : BT Group to wait for Tech Mahindra-Satyam merger before stake sale IRB Infra : NHAI terminates concession agreement of four laning of Goa/ Karnataka border to Panaji Zuari Industries :
To buy rock phosphate Latin American mine through a JV with Japan’s Mitsubishi
Mastek : Bombay HC approves scheme of amalgamation of Keystone Solutions Pvt Limited with Mastek
SBI , BoB to raise NRE Deposit rates: BS
Maharashtra Govt refuses aid to sugar mills seeking fixed cane purchase, export grant
Coal Ministry gives go-ahead to new pricing mechanism to bring Indian coal prices at par with international prices
Power producers not selling electricity at regulated prices should not get gas supply: Petroleum Ministry
Dabur to write off Rs 45 crore loss of fully owned retail subsidiary, H&B stores
3i Infotech plans to raise Rs 1,000 crore via securities
Monnet Ispat to buy back shares worth Rs 100 crore
Orissa Govt may clamp down on charges of illegal iron ore mining: ET - Dr Reddy ’s splits marketing division to boost domestic business: ET
Alfa Lava : Interim dividend Rs 30/share
F&O ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya
-General budget to be presented on February 29, 2012
-UP election schedule will not impact general budget
-UP elections end on February 28, 2012
TDSAT hearing dot to file reply by next Saturday
-TDSAT stays DoT 3G roaming ban order
-No coercive steps to be taken against companies until order
-TDSAT to hear matter on January 3
Telcos to TDSAT
-Decision to ban 3G intra circle roaming arbitrary
-Not issued showcause notice; no hearing given
-5 telcos paid around Rs 67,000 crore for 3G spectrum
-5 telcos include Airtel , Vodafone, Idea , Tata & Aircel
-DoT said intra circle roaming governed by license
-Telecom license contemplates intra circle roaming
-2008 roaming policy permits intra circle roaming
-Auction held for 3G spectrum, not for license
-No separate 2G & 3G license
-Holding telecom license was prerequisite for 3G bidding
-Telecom license is tech neutral; allows all services
-There is one pan-india telecom license.
Other stocks and sectors that are in news today:
IIFCL may get Rs 10 billion fund infusion soon: ET
REC firms up plan to raise up to USD 600 million through FCCBs:
MintOil Ministry to cap RIL 's spend on developing new KG-D6 gas fields: ET -New telecom policy regime likely by June 2012: Ministry: ET
FCCB payout may put pressure on Reliance Communications for tower stake sale: ETOil marketing companies (OMCs) may raise petrol prices by Re 1/litre next monthGVK Power : Changi to buy 26% in company’s airport business for Rs 2200 crore
Tech Mahindra : BT Group to wait for Tech Mahindra-Satyam merger before stake sale IRB Infra : NHAI terminates concession agreement of four laning of Goa/ Karnataka border to Panaji Zuari Industries :
To buy rock phosphate Latin American mine through a JV with Japan’s Mitsubishi
Mastek : Bombay HC approves scheme of amalgamation of Keystone Solutions Pvt Limited with Mastek
SBI , BoB to raise NRE Deposit rates: BS
Maharashtra Govt refuses aid to sugar mills seeking fixed cane purchase, export grant
Coal Ministry gives go-ahead to new pricing mechanism to bring Indian coal prices at par with international prices
Power producers not selling electricity at regulated prices should not get gas supply: Petroleum Ministry
Dabur to write off Rs 45 crore loss of fully owned retail subsidiary, H&B stores
3i Infotech plans to raise Rs 1,000 crore via securities
Monnet Ispat to buy back shares worth Rs 100 crore
Orissa Govt may clamp down on charges of illegal iron ore mining: ET - Dr Reddy ’s splits marketing division to boost domestic business: ET
Alfa Lava : Interim dividend Rs 30/share
F&O ban: ABG Shipyard, Gitanjali Gems, Ruchi Soya
