Jun 06, 2013 11:16 AM IST | Source: CNBC-TV18

Stocks in news: DEN Networks, Cipla, RComm, Fortis, Bharti

Reliance Industries, DEN Networks | Cipla | Deccan Chronicle | Reliance Communications | Fortis Healthcare | TCS | L&T | ONGC | Bharti Airtel and Infinite Computer are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Reliance Industries (RIL) AGM today

Meda Pharma
-Expands collaboration with Cipla    
-To expand its exclusive rights to Dymista and future Product Development
-To co-operate with Cipla on product development of Dymista
-Cipla will be responsible for formulation  
-To be responsible for clinical development, marketing and sales
Meda Pharma says
-See potential in many priority growth markets like China

DEN Networks shareholders approve issue of shares worth USD 110 million to Broad Street and MBD Bridge Street at Rs 217.50/share
Alert: Both are affiliates of Goldman Sachs Group

TCS says
-Concluded talks with employee union in Finland on Tuesday
-Plan new organization model, staffing process for Finland
-To know final number of impacted positions in 8-10 weeks
-'We realize it is a difficult time for our employees'

Deccan Chronicle Q4
-Net profit at Rs 14.8 crore versus loss of Rs 2.2 crore (QoQ)
-Net sales at Rs 97 crore versus Rs 101 crore (QoQ)

Other stocks and sectors that are in news today:
-MTN, Reliance Communications deal talks gather momentum, advisors said to have been appointed – BS
-Fortis in talks to sell HK and Vietnam assets to raise USD 400 million – ET
-Oil ministry wants Rangarajan gas pricing formula till 2017
-L&T set to bid for USD 3 billion hydrocarbon projects – ET
-TCS, Cognizant 3 others bag UK’s network rail project – agencies
-ONGC to sell 10-25 percent stake in CBM Block to Dart Energy – BS
-Agri ministry proposes to hike import duty on sugar – BS
-Bharti Airtel shareholders approve issue of up to 19.99 crore equity shares to QFE at issue price of Rs 340/share on preferential basis
-Dalmia Bharat May cement output 859,000 tonne, up 8 percent year-on-year
-Asian Paints goes ex-date to announce dividend of Rs 36.50/share
-TCS goes ex-date to announced final dividend at Rs 13/share
-Oriental Bank goes ex-date to announce dividend of Rs 9.2/share
-Allahabad Bank goes ex-date to announce dividend at Rs 6/share
-Infinite Computer board okays buyback of 6.9 percent equity at price up to Rs 120/share

Housing Minister Ajay Maken says
-Realty Regulator Bill to bring in transparency
-Real estate agents will need to register with regulator
-Realty Bill will prevent promoters from diverting funds
-Realty Bill proposes to define carpet area
-Draft Bill has definition of apartment, garage, common area
-Realty Bill proposes to do away with concept of super area
-3 year jail for builders that habitually fail to register launches
-Gujarat, MP from opposition support Realty Bill
-Penalty of 10 percent of project cost for project delay
-Penalty of 10 percent of project cost for failure to register project launch
-Buyers can seek full refund with interest in case of false advertising
-Will take bill to parliament in next session
-Would like a standardised buyer seller agreement
-1 year to roll out for regulator post parliament enactment

Gold import duty hiked to 8 percent from 6 percent earlier   
-Finance Ministry notifies hike in gold import duty to 8 percent
Alert: Gold import duty has been hiked from 2 percent to 8 percent in last 2 years
Alert: Govt hiked gold import duty from 4 percent to 6 percent in January 2013
-Finance ministry hikes customs duty on gold, platinum to 8 percent from 6 percent effective yesterday
-Finance ministry hikes import duty on gold ores, dore bars to 6 percent from 4 percent

PC Jewellers to CNBC-TV18
-Disappointed with the gold import duty hike
-This move could lead to other channels of getting gold

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