Feb 16, 2017 09:48 AM IST | Source: CNBC-TV18

Stocks in news: SBI, TCS, Tata Steel, Cipla, SBT, SBBJ, Cyient

SBI | TCS | Sun Pharma | Tata Steel | Cipla | Hindalco Industries | Petronet LNG | State Bank of Bikaner and Jaipur | State Bank of Mysore | State Bank of Travancore | Cyient | Reliance Defence and Bharat Forge are stocks, which are in the news today.

Here are stocks that are in news today:

Nestle Q4
-Net profit down 8.7 percent at Rs 167.3 crore versus Rs 183.2 crore (YoY)
-Total income up 16.7 percent at Rs 2,286.2 crore versus Rs 1,959.5 crore (YoY)
-EBITDA up 15.1 percent at Rs 446.3 crore versus Rs 387.7 crore (YoY)
-EBITDA margin at 19.5 percent versus 19.8 percent (YoY)
-Provision for contingencies at Rs 81 crore

Supreme Infra
-Approves issue of securities up to Rs 125 crore by way of QIP
-Approves issue of securities up to Rs 200 crore by way of rights issue
-Approves issue of securities up to Rs 200 crore to promoters

Reliance Infrastructure: Sources
-Reliance Infrastructure-Brookfield talks may have failed; company may raise fund via Infrastructure Investment Trusts (InvIT)
-Reliance Infrastructure-Brookfield talks may have failed on valuation concerns
-Brookfield may have lost appetite after buying Gammon's road assets
-Reliance Infrastructure may look to monetise roads portfolio
-Reliance Infrastructure's InvIT likely to have all 11 road assets of the company
Alert: Reliance Infrastructure has in-principle approval from government for an InvIT
Alert: Apart from Reliance Infrastructure, IRB Infra & IL&FS have nod for InvIT

Other stocks and sectors that are in news today:
-TCS board to consider share buyback on February 20 (promoter holds 73.33 percent stake in the company)
-Cabinet approves merger of SBI with associate banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore
-Trade Union members support Tata Steel's proposal to close pension scheme in UK
-Cipla gets US FDA nod for Oxaliplatin Injectable (used to treat colorectal cancer)
-Sun Pharma gets tentative US FDA nod for Tadalafil tablets (used to treat erectile dysfunction & arterial hypertension)
-Hindalco subsidiary Novelis to lay off staff in Korea, US to cut costs
-NTPC plans to make cement, seeks partners
-Sun Pharma looking to shift facility from Halol
-Deepak Fertiliser expands product portfolio
-Telecom stocks in focus: TRAI to stand by Rs 3,050 crore fine
-Petronet LNG gets first cargo of LNG from Australia
-South Indian Bank's ex-date for 1:3 rights issue; F&O lot size revised to 33141
-Compuage Infocom's ex-date for 1:5 stock split
-Commercial Syn Bags - CRISIL reaffirms rating of BBB and A3+
-R&B Denim resumes normal operations at factory
-Indo Amines approved amalgamation of Classic Oil & Sigma Solvents with itself
-Sagar Cements successfully completed QIP
-Centum Electronics inaugurated manufacturing facility in Bangalore
-Magma Fincorp seeks approval of company members for issue of non-convertible debentures (NCDs) up to Rs 2,000 crore
-Bharat Forge in focus: Kalyani Group & Israel Aerospace to form JV in India to manufacture specific air defense systems
-Next Mediaworks approved issue of shares worth Rs 35 crore on preferential basis to promoter
-Maruti Suzuki launches Ertiga limited edition starting from Rs 7.85 lakh ex-showroom in Delhi
-Jagran Prakashan commenced broadcast from Madhurai radio station
-Cyient subsidiary signed agreement with Italian company for joint market development of products in electric power generation
-Reliance Infrastructure in focus: Reliance Defence signs MoU with UAE company to collaborate on advanced aerospace manufacturing
-Parag Milk eyes 22 percent market share in Whey protein market: Mint
-Saab-Adani in talks for fighter jet manufacturing deal: Mint
-Jet Airways may order at least 50 Boeing 737 Max planes this year: Mint

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