STOCK ALERT
Idea Cellular may slide on reports licences may be terminated for violating norms
The Telecom Ministry is reportedly likely to terminate the licences of Idea Cellular in six circles, including Delhi, Karnataka and Punjab, and impose an additional Rs 300 crore penalty on the company for violating roll-out obligations.
State Bank of India (SBI) is reportedly likely to get a capital infusion of between Rs 5000 crore to Rs 6,000 crore in the current fiscal from the government that will help the lender increase its operations. Also SBI reportedly said that its exposure to ailing airline Kingfisher Airlines has become a non performing asset.
Coal India is reportedly considering acquiring stakes in mines in South Africa in a joint venture with the provincial government of Limpopo. The proposal is likely to be considered by our board in a meeting later this month.
Shares of ONGC turn ex-dividend today for an interim dividend of Rs 6.25 per share for the year ending March 2012.
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