Stocks in news:
- Results today:
Cummins, Punj Lloyd and Timex Watches
- Ex-bonus:
BHEL (1:1)
- Ex-dividend:
J&K Bank (Rs 11.50)
- CNBC-TV18 Exclusive:
Idea, Spice merger announcement likely early next week; Spice valued at Rs 4,500-5,000 cr
Deal likely to be stock-based; Spice promoters to get 12% of Idea's expanded equity
- FE report: Idea-Spice deal stuck over valuations as Birlas value Spice only at Rs 2,000 cr
- ET report: Spice to go ahead with IPO; no deal with Idea yet
- TOI: Telekom Malaysia eyes Idea stake as talks of Idea-Spice merger gain momentum (Telekom Mal has 49% stake in Spice)
- Dr Trehan sells 10% in Escorts for about Rs 70 cr to entities close to Ranbaxy family: Sources; Shivinder Singh says Fortis has not bought 10% from Trehan; refuses to comment further
- Kingfisher, Air Deccan close to sealing deal deal, Gopinath flatly denies deal with Kingfisher - ET
- ZEE pulls out of USD 200 mn 5 year broadcast deal with BCCI, Nimbus pulls out of telecast deal for Afro-Asia Cup (Apparently Nimbus is not keen after bad response to India-Bangladesh series)
- Godrej Industries to sell minority in Cbay, Godrej holds 12% stake, proceeds to be used for organic and inorganic growth - ET
- Tata's can save Rs 700 cr tax on Glaceau stake sale as the stake was acquired throgh Tata Tea GB, a subsidiary of Tata Tea - BS
- L&T, EADS tie up for defence bids, alliance eyes USD 2 bn electronic warefare contract - HT
- ICICI Ventures close to buying 20% in Karvy Financial services for USD 100 mn - HT
- Private Insurance players Reliance and Bajaj Allianz see drop in market share in life insurance segment
- Tata Power plans right issue, open to divesting stake in other group cos - TOI
- Easun Reyrolle board approves stock split from Rs 10 to Rs 2
- Tata Power Q4:
Net profit at Rs 69.9 cr vs Rs 138.8 cr
Net sales at Rs 947.4 cr vs Rs 1171 cr
OPM at 0.53% vs 13.4%
Other income at Rs 178.7 cr vs Rs 75 cr
- Lloyds Steel Q4:
Net profit at Rs 8.67 cr vs loss of Rs 46.8 cr
Net sales at Rs 534.7 cr vs Rs 339 cr
- Hindustan Motors Q4 (QoQ):
Net profit at Rs 53 cr vs loss of Rs 13.8 cr
Other income at Rs 67.9 cr vs Rs 1.40 cr
Net sales at Rs 154.8 cr vs Rs 167.4 cr
Optg loss at Rs 4.94 cr vs loss of Rs 4.30 cr
- Rain Calcining Q4:
Net profit at Rs 11.5 cr vs Rs 7.60 cr
Net sales at Rs 164 cr vs Rs 143 cr
OPM at 12.1% vs 14%
- Shriram Transport Finance Q4:
Net profit at Rs 48.4 cr vs Rs 31.1 cr
Income at Rs 427 cr vs Rs 235.4 cr
- NMDC Q4:
Net profit at Rs 711 cr vs Rs 554 cr
Net sales at Rs 1368 cr vs Rs 1142 cr |
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