NEWS and Circulars- Breakfast
someshol olekar
Securities in Ban For Trade Date 03-July-2012, 1,ONMOBILE 2,SUZLON
Spectrum pricing
Telecom stocks will be in focus as the Cabinet will take up on the on the contentious spectrum pricing issue today. The DoT proposes to ask companies whose licenses have not been impacted to also pay market determined price for 2G spectrum currently held.
The KFA crisis continues - talks between KFA management and employees fail.
Sources indicated that employees have asked the management to respond on outstanding salary dues in 2-3 days. Meanwhile KFA's promoter holding dip to record low of 35.86%.
Monsoon woes
Monsoon's the big concern as North and Central India face a drought like situation. Agricultural ministry will prepare a contingency plan and Sharad Pawar is likely to hold a high level meeting. However, the MET department remains confident of a revival.
Reliance Power: There is a buzz on the street that Ming Yang, a Chinese energy company could buy a stake in Reliance Capital-owned Global Wind Power. Reliance Power also has decided to co-develop clean energy projects in India.
Odisha Govt:
Orders stoppage of operations at Keonjhar Mines
Mining lease for Keonjhar Mines with Sarda Mines
CNBC-TV18 Alert: Sarda Mines supplies ore to JSPL
ACC at 1.96 mt Vs 1.91 mt (YoY)
Ambuja Cements at 1.79 mt vs 1.67 mt (YoY)
Hero Moto's June auto sales down 4%
Hero Moto's volume growth slackened month on month facing slowdown. However, it is still outperforming peers like Bajaj Auto and TVS.
Green signal for Australia project
GVK’s USD 10 billion alpha coal project in Australia is finally set to get the green signal. During her short India visit, Australian mining magnate and minority stakeholder, Georgina Rine-Hart expressed confidence in the project. She said the environmental nod from the Australian government is expected by August.
It is learnt that GVK has plans to raise about $600-650 million (Rs 3,300-3,500 crore) through the sale. GVK Airport Holdings operates the Mumbai and Bangalore airports.
Hike in tyre prices
JK Tyre has raised commercial vehicle tyre prices by 1% from July 1.
Source - Moneycontrol
| Ex-Dates | ||
| Company | Ex-Date | Purpose |
| Thirumalai Chemicals Limited | 03-JUL-12 | AnnualGeneralMeeting |