Stocks in news: Cummins, Idea, M&M

Stocks in news:

• Results today:
  Bajaj Holdings, Balaji Telefilms, Core Projects, Cummins India, Dishman Pharma, GTC Industries, Havell’s India, Moser Baer, Tata Coffee
• Idea
  Likely To Sell Minority Stake In Its Subsidiary To Foreign Investor: Srcs
  Stake Sale Likely To Be Financial In Nature Not Strategic: Srcs
  To Sell Stake In Aditya Birla Telecom, Which Owns Bihar Circle
  Board Nod On Stake Sale Likely, Announcement Today: Srcs
• M&M signs non-binding pact for Kinetic Motors - ET
• Tata Chem forced to put Africa's soda ash chemical plant on hold due to environmental protest - HT
• Tata Motors may roll out Nano from Ranjangaon for western region; move will help cut transportation cost - ET
• Ranbaxy buys 24.9% stake in Shimal labs (a group co) for Rs 93.4 cr - ET
• ONGC looks to sell 30-40% in Vietnam oil blocks to share the risk and drilling costs - BS
• Standard Chartered looking to issue Indian depository receipts to be traded on exchanges - ET
• Oil cos stop LPG connections, defy govt order - ET
• IDBI looking to acquire more banks - FE
• Govt not to raise coal prices in FY08 - DNA
• XL telecom has short-listed 2 Spanish firm for foray into Solar power generation - DNA
• New listing:
  Sylph Technologies to resume trading; no circuit filter today
• Tata Motors board meet on May 28 to consider raising long-term funds
• Softbpo Global board approves 40:1 rights issue at Rs 70/sh
• Hatsun Agro board approves splitting FV of shares from Rs 10 to Rs 2
• Board meets:
  Rana Sugars to consider allotment of convertible warrants to promoters on preferential basis; GDR issue
  Apollo Sindhoori, State Bank of Bikaner on stock split
• Ex-dividend:
  Axis Bank (Rs 6/sh), Indian Bank (Rs 3/sh), Nelcast (Rs 3/sh), Nile (Re 1/sh), Petronet LNG (Rs 1.50/sh), Sterling Biotech (50 paise/sh), Sulzer India (Rs 10/sh)
• Gemini Comm Q4 Standalone (YoY)
  Net Sales: Rs 61.09 cr Vs Rs Rs 35.61 cr
  Other Income: Rs 8.28 cr Vs Rs 69 lakh
  Operating Profit: Rs 15.66 cr Vs Rs 12.53 cr
  Net Profit: Rs 6.76 cr Vs Rs 7.66 cr
• Gemini Comm Q4 Standalone (QoQ)
  Net Sales: Rs 61.09 cr Vs Rs 41.49 cr
  Other Income: Rs 8.28 cr Vs Rs 20 lakh
  Operating Profit: Rs 15.66 cr Vs Rs 15.25 cr
  Net Profit: Rs 6.76 cr Vs Rs 6.59 cr
• Surya Roshni  Q4
  Net Sales: Rs 435 cr vs Rs 339.97 cr
  Other Income: Rs 9.12 cr vs Rs 35 lakh
  Operating Profit: Rs 18.69 cr Vs Rs 21.58 cr
  Net Profit: Rs 10.3 cr Vs Rs 5.03 cr
• Gabriel India Q4
  Net Sales: Rs 121.2 cr vs Rs 125.2 cr
  Net Profit: Rs 2.05 cr vs Rs 2.23 cr
• The Sirpur Paper Mills Q4
  Net Sales: Rs 66 cr vs Rs 62.71 cr
  Other Income: Rs 95 lakh vs Rs 20 lakh
  Operating Profit: Rs 7.48 cr vs Rs 7.37 cr
  Net Profit:Rs 3.76 cr vs Rs 4 cr
• Thermax FY08 Standalone
  Net Profit At Rs 280.8 Cr Vs Rs 187.8 Cr
  Net Sales At Rs 3,204 Cr Vs Rs 2,136.8 Cr
• Thermax FY08 Cons
  Net Profit At Rs 290.7 Cr Vs Rs 193.7 Cr
  Net Sales At Rs 3,481.5 Cr Vs Rs 2,289.7 Cr
• Thermax Q4 Standalone
  Net Profit At Rs 80.5 Cr Vs Rs 69.7 Cr
  Net Sales At Rs 922 Cr Vs Rs 804 Cr
• Bajaj FinServ FY08 Cons
  Cons Net Loss At Rs 32 Cr, Revenues At Rs 12,225 Cr
  Standalone Revenues At Rs 106 Cr; Net Profit At Rs 44 Cr
  Life Insurance Revenues At Rs 9,700 Cr; Loss At Rs 214 Cr
  Life Insurance Biz New Biz Premiums Up 56% At Rs 6,700 Cr
  Gen Insurance Biz Gross Retail Premium Up 43% At Rs 2,580 Cr
  Gen Insurance PAT At Rs 10.6 Lakhs
  Looking To Enter AMC Business