Stocks to watch: ONGC, Reliance Infra, Wipro, Tata Steel, Infosys, SBI
Reliance Infrastructure has informed the Bombay High Court that it could not strike a deal to buy power from Tata Power Company April last year as the Tata Company pulled out of negotiations.
By ET Bureau |
MUMBAI: Shares of oil companies are likely to correct after the ministerial panel on fuels deferred a decision on either allowing oil marketing companies to set pump prices in tune with international trend or simply raise petrol and diesel prices to reduce losses of state-run companies.
Reliance Infrastructure has informed the Bombay High Court that it could not strike a deal to buy power from Tata Power Company April last year as the Tata Company pulled out of negotiations.
Wipro will wait for more details from SEBI before exercising any options for increasing the public shareholding in the company to 25% as mandated by the regulator.
In what is being seen as a last ditch attempt to find an amicable solution to dispute, state-owned Gujarat State Petroleum Corporation and its Canadian partner in the DeenDayal block of KG Basin, GeoGlobal Resources will be holding a crucial round of discussion to resolve their long pending dispute.
Tata Steel has bought additional stake in New Millennium Capital Corp for about Rs 89.25 crore, thereby increasing its shareholding in the Canadian mining company to 27.4 per cent.
Infosys Technologies — which bills 70-80% of its European revenue in local currencies — gave a thought on whether it should move its billings to dollars, but decided against the move for now.
At a time when the banking sector is mulling over a sensible rate hike on all loans, State Bank of India (SBI) has extended the 8% offer on its car loans up to June 30. The SBI Ezee Car Loan Scheme offers car loans at 8% per annum for the first year and 10% for the second and third years.
Reliance Infrastructure has informed the Bombay High Court that it could not strike a deal to buy power from Tata Power Company April last year as the Tata Company pulled out of negotiations.
Wipro will wait for more details from SEBI before exercising any options for increasing the public shareholding in the company to 25% as mandated by the regulator.
In what is being seen as a last ditch attempt to find an amicable solution to dispute, state-owned Gujarat State Petroleum Corporation and its Canadian partner in the DeenDayal block of KG Basin, GeoGlobal Resources will be holding a crucial round of discussion to resolve their long pending dispute.
Tata Steel has bought additional stake in New Millennium Capital Corp for about Rs 89.25 crore, thereby increasing its shareholding in the Canadian mining company to 27.4 per cent.
Infosys Technologies — which bills 70-80% of its European revenue in local currencies — gave a thought on whether it should move its billings to dollars, but decided against the move for now.
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At a time when the banking sector is mulling over a sensible rate hike on all loans, State Bank of India (SBI) has extended the 8% offer on its car loans up to June 30. The SBI Ezee Car Loan Scheme offers car loans at 8% per annum for the first year and 10% for the second and third years.
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