Feb 20, 2017 12:29 PM IST | Source: CNBC-TV18

Stocks in news: Idea, Axis, HUL, McNally, Havells, Mangalam Drug

Idea Cellular | Axis Bank | Kotak Mahindra Bank | Hindustan Unilever | McNally Bharat | Havells | BPCL | GPT Infra | Mangalam Drugs and GSK Pharma are stocks, which are in the news today.

Here are stocks that are in news today:

Results today: Ambuja Cements, Varun Beverages, KSB Pumps

-Total telephone subscribers at 115.17 crore as on December 31, 2016
-Reliance Jio added 2 crore subscribers, Idea Cellular added 28.4 lakh in December
-Bharti Airtel added 25 lakh, Vodafone added 18.9 lakh subscribers in December

Mangalam Drugs
-Unit-2 audited by WHO & issued few procedural observations
-To respond to observations after receipt of audit report
-Company believes that the audit was successful

Unilever & Kraft Heinz
-Issue joint statement w.r.t bid by Kraft Heinz
-Kraft Heinz agrees to ‘amicably’ withdraw its proposal to combine itself with Unilever

McNally Bharat
-Proposes to acquire 60 percent stake in Vedica for Rs 150 crore and debentures worth Rs 124.7 crore
-Vedica acquisition to be met by issuing CCPS (cumulative convertible preference share) at a price of Rs 66 each

FM Jaitley Arun Jaitley says
-GST Council has formally approved Compensation Bill
-Anti-profiteering clause did not come up for discussions
-Hopefully next part of Budget session will see tabling of legislative laws
-Integrated GST, Centre GST & State GST have been finalised
-Each item has to be fitted against a slab

Finance ministry official says
-Vetting of IGST still not done by legislative department
-Officers of law committee to sit with law ministry to vet the IGST law
-Final draft to be circulated to states by March 1
-57 items raised by the council in past meeting have been cleared today
-7 items remain, have been discussed; compliance to be done in next meet
-Model law is the base for CGST, IGST & SGST
-Separate enabling provision for CAG (Comptroller and Auditor General) is not required
-Separate Union Territories GST Law to be created for 5 union territories
-UTGST will be a replica of SGST

-Board approves acquisition of Lloyd's consumer durable business
-Acquisition proposed at an enterprise value of Rs 1,600 crore on a debt free, cash free basis

-Bags order to provide design services & manufacturing of custom silicon solution
-Signs MoU for implementation of CCMS (centralised command & monitoring system) solution for smart center in Andhra Pradesh

Other stocks and sectors that are in news today:
-Axis Bank CEO Shikha Sharma to CNBC-TV18: No truth in merger reports of Axis Bank with Kotak Mahindra Bank
-GSK Pharma gets US FDA nod for Mepolizumab injectable (used to treat eosinophilic asthma)
-GE Shipping unit, Greatship Delivers 'Greatship Disha' to buyers
-Vodafone brings in former India MD Martin Pieters to work on merger with Idea Cellular: PTI
-BPCL says plan to raise up to Rs 2,000 crore via non-convertible debentures (NCDs) this financial year
-GPT Infra bags order valued at Rs 64 crore
-DLF to invest Rs 3,500 crore to complete projects
-Buying jewellery of over Rs 2 lakh in cash to attract 1 percent TCS (tax collected at source) from April 1
-NMDC in talks to buy Stake in Vietnam mine
-LIC stalls UTI Listing
-Amusement park seeks single digit GST rate
-Vedanta to invest USD 10 billion on expansion of business
-Tata Teleservices in early talks to join RComm-Aircel-MTS combine
-Edelweiss ARC bids for debt hit Adhunik
-Gas-based plants subsidy extension unlikely fpr gas based power plants
-Coal India's Western coalfields gets green nod for expansion
-Saks Fifth Avenue in talks with Aditya Birla Fashion to set up stores in India: Mint
-JSW Energy plans to buy Bina plant from Jaiprakash Power stuck: Mint
-IOC to invest Rs 15,750 crore to grow pipeline network: Mint
-United Breweries Holdings circuit filter revised to 5 percent
-Ramco Cements opening of buy back of shares
-REC included in Nifty 100 and Nifty Next 50 w.e.f. March 31
-Precision Camshaft, Team Lease & Quick Heal dropped from BSE IPO Index
-Jaiprakash Power allotted 305.8 crore shares to various lenders as part of strategic debt restructuring
-Millitoons Entertainment approved 1:1 bonus issue
-MIC Electronics approved increase in share capital by Rs 4 crore and conversion of debt into equity
-Hindustan Fluorocarbons board meeting on February 27 to consider proposal for strategic divestment
-Swan Energy board meeting on February 22 to consider preferential issue of equity
-Himatsingka Seide incorporated subsidiary in Europe to strengthen distribution
-Electrosteel Castings board meeting on February 27 to consider issue of NCDs
-State Bank of Travancore approved issue of NCDs up to Rs 600 crore
-Prima Plastics started commercial production at Ongole Plant
-Dilip Buildcon gets letter of award from NHAI for cost of Rs 911 crore
-SREI Infra filed DRHP for Bharat Road Network
-Anand Rathi to buy Religare Wealth Management
-Asian Oilfield board meeting on February 22 to consider various options for fund raising and conversion of 25 lakh warrants held by Oilmax Energy into 25 lakh equity shares
-CMI board meeting on March 20 to consider amalgamation of CMI Energy India with self and issue 5 lakh shares on preferential basis to promoters
-Amtek Auto board meeting on February 23 to consider issue of shares

Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes

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