Oct 11, 2013 09:24 AM IST | Source:

Stocks in news: Infosys, Ranbaxy, Delta Corp, NCC, Jet Air

Jet Airways | Infosys | Ranbaxy Labs | Hotel Leela | Glenmark | Reliance Industries | Delta Corp | NCC | Reliance Power | Ashok Leyland and Apollo Tyres are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today: Infosys and Gruh Finance

i-Gate Q3 CY13
-Revenue up 3.6 percent at USD 293.4 million (Q-o-Q)
-Net income up 6.3 percent at USD 31.9 million (Q-o-Q)
-Non-GAAP share at USD 0.46; GAAP share at USD 0.30
-Gross margin at 41.4 percent
-Added 8 new customers including 2 Fortune 1000 companies

Ranbaxy Labs in focus
-OHM Labs received establishment inspection report (EIR) from USFDA for December 2012 inspection
-EIR signals satisfactory resolution of observations highlighted in ‘form 483’
Alert: Ohm is currently only Ranbaxy facility which is USFDA approved

CCI chairman Ashok Chawla says
-Will consider Jet Airways-Etihad deal on Monday
-Jet-Etihad have submitted additional information to CCI
-Oil marketing companies challenged jurisdiction of CCI on petrol pricing issue
-Will be passing order on jurisdiction issue next week

ONGC Videsh (OVL):
-Signs MoU with Venezuelan company PDVSA for exploration & development
Alert: OVL currently has stake in 2 producing projects in Venezuela
Alert: OVL has stake in Petro-Carabobo & Petro-Indovenezolana with investments worth USD 341 million

Reliance Industries (RIL)
-Signs joint study agreement with Venezuelan company PDVSA
-Signs agreement for Ayacucho block 8 in Orinoco oil belt
-To evaluate development plan for Ayacucho 8 with PDVSA

Registrar of Companies (RoC) report on NSEL, MCX & Financial Technologies in 45 days: Sources
-RoC report findings to form basis for further action
-RoC probe into NSEL, MCX, Financial Technologies based on FMC findings

Ministry of Corporate Affairs (MCA) sources say:
-Probe to assess related party transactions
-To assess role of directors, conduct with stakeholders
-To assess role of auditors, process adopted by auditor
-RoC Mumbai inspection report expected by mid November
-SFIO probe may be ordered after RoC Mumbai report
-Will share probe reports with finance ministry

Esplanade Court grants police custody for Amit Mukherjee till October 18
-Economic Offences Wing (EoW) says Amit Mukherjee produced fake receipts of warehouses
NSEL fiasco:
-EoW makes second big arrest after Amit Mukherjee
-EoW arrests Jai Bahukhandi, former VP, warehousing at NSEL
Alert: Jai Bahukhandi was one of the 54 people summoned by EoW
-Jai Bahukhandi appeared before EoW yesterday, questioned

Joint CP Mumbai Himanshu Roy says
-Have shared information with ED & CBI on NSEL matter
-ED, CBI likely to conduct parallel probe in NSEL matter
-Anjani Sinha has not responded to summons
-Will decide on future course of action

CBI might close NSEL probe to avoid multiplicity of agencies: PTI sources
-CBI feels EoW competent enough to investigate NSEL case
-CBI may probe irregularities in NSEL if government wants

Sources on NSEL:
-Enforcement Directorate (ED) & CBI have asked EoW to share information
-Anjani Sinha yet to appear before EoW
-EoW likely to take action against Anjani Sinha soon

EOW sources on NSEL
-Probing August 8, 9 entries where borrowers declared defaulters
-No corresponding entries in books of borrowers
-Will decide on future course of action after interrogation of 2 arrested
-48 of 74 people summoned have responded
-Will seek help of government agency for ascertaining value of goods in warehouses
-Have not discovered evidence of tampering with documents so far
-We are sharing documents with ED, CBI & FMC
-Also co-operating with I-T Department for investigations

Lotus Refineries
-Company demands probe into NSEL's settlement procedure
-Company accuses NSEL of faking the ratings details

Cooper Tire versus Apollo Tyres:
-Delaware Chancery court to expedite hearing of Cooper's complaint against Apollo
Alert: Cooper had complained against Apollo for not closing deal
-Delaware Chancery court to hear case by early November

Cooper Tire says
-Pleased that court agreed to request for expedited hearing
-Will proceed along court’s stated timeline to hear case early November
-Strategic rationale for pending merger with Apollo remains compelling
-Believe merger will create value for all stakeholders
-Look forward to closing pending merger as soon as possible

Indiabulls Housing Finance
-Cuts home loan rates by 15 bps to 10.25 percent for festive season
-New home loan rate will be applicable till November 30
-New home loan rate will be applicable for loan under Rs 25 lakh

Other stocks and sectors that are in news today:
-Ashok Leyland: Hinduja automotive buys 2.6 crore shares in company via block deal
-CERC reserves order on Reliance Power plea on Sasan plant tariff
-Sembcorp to acquire majority stake in NCC power for Rs 500 crore (NCC Power is promoted by NCC and Gayatri Projects): ET
-ICICI Venture offloads 6 percent stake in Delta Corp in secondary market: ET
-Reliance Industries (RIL) likely to take up oil blocks in Venezuela: Agencies
-Karnataka fast track restart of mines: BS
-Glenmark US arm sues six firms over skin drug: DNA
-Hidelberg Cement eyes buyout to reach 15 MT capacity: DNA
-Oil Ministry likely to take subsidy yoke off Gail’s back: FE
-Hotel Leela & Kempinski (a German hotel group) end 25-year old JV w.e.f. October 1

RBI Allows some banks to borrow from international, multilateral agencies
RBI says
-Banks can borrow from international agencies till November 30
-Banks can borrow form international agencies only for general operations
-Banks cannot borrow from international agencies for augment capital
-Banks' borrow from international agencies eligible for RBI swap facility

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