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22 JUNE 2017 : - Market is again consolidating in 9600-9700 band due to global weakness. FIIs are buying puts ahead of expiry which could be a directional call or hedging to tackle uncertainty where 9580 has become sacrosanct mark; if Nifty slips below this level then we could see near term weakness in the market otherwise bulls will remain active in the market where above 9700 there is a chance of another leg of rally. >> http://bit.ly/1W2zyoy

to set up 87 control rooms to address dealer issues on daily price revision
Indian Oil says
-Ensuring that 90 percent supplies reach dealer's fuel station within 24 hours
-Customers can access Indian Oil's mobile app Fuel@IOC for daily rates
-Started trial run for daily price revision at all petrol pumps in India

stake sale: Sources
-Government may be looking to sell stake in Shipping Corporation Of India
-NITI Aayog recommends divesting stake in SCI
-Recommendation to soon be sent to cabinet committee of economic affairs
-NITI Aayog recommends government to cut holding in company from current 63.75 percent to 25 percent
-Core group of secretaries discussed divestment in SCI on June 2
-Core group of secretaries asked shipping ministry to assess legalities
-NITI Aayog recommends government to sell 26 percent stake in SCI in 1st round
-NITI Aayog after round 1 of divestment government should transfer management control
-NITI Aayog recommends divesting government stake in SCI in multiple tranches
-NITI Aayog says government need not run SCI as industry now competitive
-NITI Aayog says SCI imports only a fraction of crude oil
-NITI Aayog says globally, private companies involved in crude oil imports

Other stocks and sectors that are in news today:

- gets US FDA nod for fungal infection drug, Itraconazole Capsule

- gets tentative US FDA nod for Bendamustine Hydrochloride injectable (used to treat different types of cancer)

- Engineers - SEBI seeks clarification on cancellation of Vascon deal with Lodha arm: ET

- Power/Welspun Enterprises in focus - Tata Sons may put Welspun deal under lens: ET

- Home Finance raises Rs 272 crore from IFC

- Reddy's Labs recalls 3.25 lakh cartons of Cipla made drug

- to help Usha Martin wade through debt: BS

- eyes 3 million tonne coal output in FY18

- puts Central Bank of India under prompt corrective action in view of high NPA and negative return on assets

- Infra board meeting for results postponed to June 18

- bags order from Finnish company Valmet for IT applications managed services

- -Kingfisher loan case - ED files 1st prosecution complaint against Vijay Mallya & others in money laundering case >> http://bit.ly/1W2zyoy

-Reliance Communications-Brookfield tower deal likley to close by next month
-Company said to approach Citic for sale of GCX business

Motors
-Appoints Girish Wagh as head of commercial vehicle business & member of executive committee
-Girish Wagh will take charge of new responsibilities with immediate effect

-Girish Wagh will continue to oversee M&HCV business
in focus
-SEBI issues guidelines on options on commodity futures trading
SEBI
-Bourses allowed to launch one option contract on pilot basis
-Rs 1,000 crore daily turnover must for non-farm options
-Rs 200 crore daily turnover must for options on farm futures
-Options to be allowed only for top 5 traded commodity futures

-Position limits in commodity futures, options to be separate
Greaves Cotton

-Inks pact with Pinnacle Engines to grant license

-Grants license for manufacturing & sale of internal combustion engines

Reddy's Laboratories
-API manufacturing plant at Miryalaguda receives EIR from the US FDA

-Miryalaguda manufacturing plant was issued Form 483 with 3 observations on February 21

Other stocks and sectors that are in news today:
- gets tentative US FDA nod for Saxagliptin tablets (used for treating type-2 diabetes)

- & Mahindra approves sale of part shareholding in Mahindra Logistics through IPOs

- Energy appoints Prashant Jain as MD & CEO

- Leyland allots 8.06 crore shares of Ashok Leyland to shareholders of Hinduja Foundries

- acquires Drivestream inc, a management and IT consulting firm specializing in Oracle Cloud services

- Steel reports crude steel production at 13.57 lakh tonnes for May 2017, growth of 1 percent YoY

- Global signs an agreement for co-branding and distribution of equity research with DBS Vickers

- partners with BEC, a leading provider of automated data capture and voice solutions

- Transmission releases pledge on 3.03 crore shares

- board meeting for approval of results adjourned to June 14

- - CARE upgrades long term bank facilities to BBB+

- board meeting on June 20 to consider and approve merger of Magma Advisory Services

- flags activist shareholders as risk in SEC filing

- to get out of its Kasargod JV: FE

- arm Nakshatra gets SEBI nod for an IPO

- to exit ICEX, sell residual 9.5 percent stake: BS

- 's revenue from client EY dips: ET

- , Steel, , and may be the first set of companies facing bankruptcy proceedings: Mint >> http://bit.ly/1W2zyoy

, open flat ahead of Fed meet outcome; Dr Reddy's up 2% >> http://bit.ly/1W2zyoy