Nov 28, 2016 09:59 AM IST | Source: CNBC-TV18

Stocks in news: Cipla, GAIL, Tata Elxsi, Aurobindo, Ricoh, Uflex

Bharti Airtel | Cipla | GAIL | Idea Cellular | Apollo Tyres | Tata Elxsi | Aurobindo Pharma | Uflex | Dilip Buildcon | ARSS Infra | GPT Infra | Strides Shasun | Ashok Leyland and Ricoh India are stocks, which are in the news today.

Here are stocks that are in news today:

Results today: Oil India, Abbott India, Cox & Kings, HFCL, Jayaswal Neco, Mahanagar Gas, Net 4 India, Sadbhav Engineering, Timken, Triveni Engineering, Valecha Engineering, Anik Industries, BS, Hindustan Composites

Hathway Q2
-Net loss at Rs 40.4 crore versus loss of Rs 32 crore (YoY)
-Total income up 18.8 percent at Rs 321.1 crore versus Rs 270.4 crore (YoY)
-EBITDA up 16.6 percent at Rs 53.3 crore versus Rs 45.7 crore (YoY)
-EBITDA margin at 16.6 percent versus 16.9 percent (YoY)

Uflex Q2
-Net profit up 16.8 percent at Rs 90.4 crore versus Rs 77.4 crore (YoY)
-Total income up 1.6 percent at Rs 1,534.7 crore versus Rs 1,511 crore (YoY)
-EBITDA up 8.1 percent at Rs 227.1 crore versus Rs 210.1 crore (YoY)
-EBITDA at 14.8 percent versus 13.9 percent (YoY)
-Uflex board approves issue of non-convertible debentures (NCDs) worth Rs 650 crore

Aurobindo Pharma
-French unit, Arrow Generiques to buy select commercial products from Teva
-French unit to acquire some calcium  products including OROCAL trademark

Tata Steel
-To convene EGM on December 21 to consider removing Cyrus Mistry as director
-To convene EGM on December 21 to consider removing Nusli Wadia as director

Ricoh India
-Terminates employment of CFO Arvind Singhal
-Terminates employment of senior VP & COO Anil Saini
-Board accepts resignation of CEO Manoj Kumar

Bharti Airtel
-Netherland arm completes acquisition of Econet Wireless in Nigeria
-Acquires Econet Wireless’s entire 4.2 percent shareholding in Airtel Nigeria
-Overall holding in Airtel Nigeria has increased to 83.25 percent

Banks in focus - RBI
-Announces measures to absorb excess liquidity
-Surge in deposits leading to large excess liquidity following demonetisation
-Surplus liquidity to be absorbed by applying an incremental cash reserve ratio (CRR)
-CRR remains unchanged at 4 percent of outstanding net demand & time liabilities
-Banks need to maintain incremental cash reserve ratio of 100 percent from November 26
-Incremental cash reserve ratio for banks to be reviewed on December 9 or earlier
-Incremental CRR a temporary measure to drain excess liquidity
Bankers say
-CRR hike to suck out around Rs 3.3 lakh crore from banks
-CRR hike will cut interest gains for banks on Rs 3.35 lakh crore of deposits
-Bond rally may be slightly hit by CRR hike
-Rally in PSU banks shares will be hit by CRR hike

Other stocks and sectors that are in news today:
-Sharp India & eClerx buy back period from November 28 to December 9
-Prabhat Dairy - ICRA assigns long term rating of A+ and short term rating of A1
-Dilip Buildcon gets letter of intent for 2 projects from government of AP and Maharashtra
-CMI gets approval for listing on NSE
-Compuage Infocom board meeting on December 15 to consider issue of NCDs and stock split
-ARSS Infra gets order worth Rs 51.44 crore from North Central Railway, Jhansi
-GPT Infra gets contract worth Rs 73 crore from Rail Vikas Nigam
-Shristi Infrastructure board meeting on November 30 to consider issue of NCDs
-Vedanta board meeting on November 30 to consider issue of NCDs up to Rs 500 crore
-Indiabulls Real Estate approved buy back up to Rs 540 crore at maximum price of Rs 90 per share
-Strides Shasun to acquire PediaCare from Moberg Pharma for USD 5 million plus inventory value
-Bosch in focus - Rajasthan State Pollution Control Borad extends revocation of consent to operate Jaipur plant by 3 weeks
-Ashok Leyland completed acquisition of all shares held by Nissan in 3 JVs
-Rajshree Sugars entered into share purchase agreement to sell subsidiary – Trident Sugars
-Shriram Transport Finance approved and allotted NCDs worth Rs 175 crore
-Jubilant Life Sciences issued commercial papers worth Rs 50 crore
-Idea Cellular gives Deputy MD Ambrsih Jain 3-year extension
-GAIL's Rs 12,940 crore natural gas pipeline project hits regulatory hurdle
-Cipla in talks to sell its animal health division: Mint
-Religare & Fortis in focus - Holding company in talks to refinance USD 300 million loan
-Apollo Tyres' logistics arm ALS plans USD 100 million fundraising: BS
-Tata Elxsi to use Rs 200 crore surplus for buyouts: BS
-Indian Hotels to hold EGM on December 20 to consider removing Cyrus Mistry as director

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