STOCKS TO WATCH
India VIX futures will be in action today. The National Stock Exchange (NSE) has announced rebate on transaction charges for its members on trades done in the futures contracts on NSE's volatility index viz. India VIX. Future trading on India VIX begins today. The discount on transaction charges is being offered so as to encourage active participation in India VIX, NSE said in a circular issued on Monday, 24 February 2014.
Indian Oil Corporation’s (IOC’s) entry into North America, the state-run company is set to acquire a 10 per cent stake in Malaysian firm Petronas’ shale-gas and liquefied natural gas (LNG) project in British Columbia for Canadian $1 billion.
Ranbaxy Laboratories has suspended shipments of active pharmaceutical ingredients (API) from two of its Indian factories, at Toansa (Punjab) and Dewas (Madhya Pradesh) to overhaul manufacturing practices.
In a major achievement for power generator NTPC, the Ministry of Environment and Forests (MoEF) has given clearance for a reworked plan of the company’s Rs 15,000- crore North Karanpura Super Thermal Power Project to come up in Jharkhand.
The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 per cent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.