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Oct 01, 2013 11:37 AM IST | Source: CNBC-TV18

Stocks in news: Financial Tech, Jet, Infosys, IOC, S Kumars

Financial Technologies | Jet Airways | Pioneer Distilleries | GMR Infrastructure | GVK Power | Gulf Oil Corporation | Bayer Cropscience | APL Apollo Tubes | Zenith Infotech | Apollo Tyres | Infosys | S Kumars Nationwide and IOC are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Oil marketing companies (IOC, BPCL and HPCL): 
-Cut petrol price by Rs 3.05/litre (excluding value added tax)
-Hike diesel price by Rs 0.5/litre (excluding value added tax)
Alert: First petrol price cut after 7 successive hikes

IOC says:
-Revenue loss on kerosene sale at Rs 38.32/litre
-Revenue loss on subsidised LPG sale at Rs 532.50/cylinder
-FY14 revenue loss on subsidised fuels seen at Rs 73,500 crore
-Revenue loss on retail diesel at Rs 10.52/litre post price hike
-PSUs FY14 subsidised fuel revenue loss seen at Rs 1.40 lakh crore

April-June quarter
-Current account deficit (CAD) at USD 21.8 billion versus USD 16.9 billion (YoY)
-CAD at 4.9 percent versus 4 percent Of GDP (YoY)
-Imports up 4.7 percent versus 3.9 percent fall (YoY)
-Exports down 1.5 percent versus 4.8 percent fall (YoY)
-Gold imports at USD 7.3 billion
-Services exports at 2.1 percent versus 6.1 percent (YoY)
-Trade deficit up due to rise in imports
-Services imports down 5.5 percent versus 19.3 percent up (YoY)
-Services imports at USD 19.7 billion versus USD 20.8 billion (YoY)
-Net receipts on services at USD 16.9 billion versus USD 15 billion (YoY)
-Capital account deficit at USD 20.8 billion versus USD 15.9 billion (YoY)
-Net capital account inflows at USD 767 million
-Trade gap at USD 50.5 billion versus USD 43.8 billion (YoY)
-Net portfolio inversust outflow USD 0.2 billion versus USD 2 billion (YoY)
-Net FDI inflow at USD 6.5 billion versus USD 3.8 billion (YoY)
-Forex reserve drawdown USD 0.3 billion on balance of payment basis versus accretion of USD 0.5 billion (YoY)
-Merchandise exports down 1.5 percent versus 4.8 percent fall (YoY)
-Merchandise imports up 4.7 percent versus 3.9 percent fall (YoY)
RBI says:
-External debt at USD 388.5 billion as on June 30 versus USD 392.1 billion (QoQ)
-Govt external debt at USD 78.4 billion as on June 30
-Share of NRI deposits at 18.3 percent of total external debt
-Share of ECB at 30.7 percent of total external debt
-Share of short-term debt at 24.9 percent of total external debt Versus 24.7 percent (QoQ)
-Ratio of short-term debt to forex reserves at 34.3 percent as on Jun 30 versus 33.1 percent (QoQ)

-April-august fiscal gap at Rs 4.05 lakh crore versus Rs 3.37 lakh crore (YoY)
-August fiscal gap at Rs 64,000 crore versus Rs 73,100 crore (YoY)
-April-August spending at Rs 6.6 lakh crore versus Rs 5.6 lakh crore (YoY)
-April-August receipts at Rs 2.58 lakh crore versus Rs 2.28 lakh crore (YoY)
-August revenue gap at Rs 54,400 crore versus Rs 62,700 crore (YoY)
-August spending at Rs 1.42 lakh crore versus Rs 1.28 lakh crore (YoY)
-August receipts at Rs 77,700 crore versus Rs 55,000 crore (YoY)
-April-August tax mop-up at Rs 3.09 lakh crore versus Rs 2.84 lakh crore (YoY)
-August Tax mop-up at Rs 63,700 crore versus Rs 53,900 crore (YoY)
-August CPI industrial workers inflation at 10.75 percent Versus 10.85 percent (MoM)
-April-August key core industries growth at 2.3 percent Versus 6.3 percent (YoY)
-August key core industries growth at 3.7 percent Versus 6.1 percent (YoY)

NSEL says
-Have filed complaints with Economic Offences Wing
-'We understand that investors also filed several complaints'
-Economic Offences Wing searches 24 borrowers’ premises
-Economic Offences Wing has also searched NSEL premises
-Welcome any action by the government authorities
-NSEL, Financial Technologies will fully co-operate with government authorities

Infosys signs 300 million pound IT deal with RBS
-Infosys’ IT deal with RBS spread across 3-5 years
-Deal to design software system for RBS arm Williams & Glyn
-Revenue from deal to reflect from Q3 onwards
-Deal to give Infosys advantage when RBS' USD 2 billion IT deal comes up for renewal
-IBM also signed for hardware component of the deal

Apollo–Cooper Deal: Cooper Tire says
-Shareholders approve merger with Apollo Tyres
-Pending merger is expected to close by the end of this year
-Over 74 percent of shares voted in favour of deal

Sanofi Global CEO says:
-Acquisitions remain priority in emerging markets
-Cannot comment on any specific acquisition plans
-Vodafone tax case did unnecessary harm to India
-Need clear communication from government on tax issue

Cabinet Committee on Economic Affairs may take up premium rescheduling of PPP roads this week: Sources
-Premium worth Rs 98000 crore of 23 road projects likely to be rescheduled
-Demand for 16 additional road projects to be included
-Demand for additional projects can be considered only post NHAI board nod

Other stocks and sectors that are in news today:
-Future Retail's fashion retailing arm Future Lifestyle Fashion lists today on BSE, NSE
-NSE to exclude Financial Technologies from F&O segment from November 1
-Naresh Goyal will have to divest 6 percent in Jet Airways before making preferential allotment to Etihad
-SEBI exhorts MFs to play assertive role in investee company: ET
-Sachin Pilot asks SIFO to brief him on Tata-Unitech deal: ET
-Pioneer Distilleries post offer status – promoter holding at 86.35 percent (4.7% percent shares got tendered in the open offer)
-GMR, GVK can bid for 6 airports: BS
-NHPC to raise Rs 500 crore via public issue of tax-free bonds
-Bank of Baroda ups interest rate on term deposits above 180 days by up to 50 bps
-Kotak Mahindra Bank: Not to transfer SLR Securities to HTM portfolio
-Gulf Oil Corporation to divest stakes in 3 overseas subsidiaries for about Rs 55 crore
-Bayer Cropscience to sell Gujarat Poly-Isocynate unit for Rs 22.9 crore
-APL Apollo Tubes okays merger of arm Lloyds Pipes with self
-Auto companies September Sales numbers to be released today
-RBI says companies may use ECB for multiple rounds of divestment of PSUs
-Zenith Infotech promoters withdraw their appeal against winding-up order (Company had challenged HC order admitting winding-up plea)

S Kumars Nationwide Q1 - YoY
-Total income down from Rs 884 crore to Rs 855 crore (down 3 percent)
-Total loss at Rs 62 crore versus profit of Rs 31 crore

SEBI amends bye-laws w.r.t. listing conditions non-compliance
SEBI says
-Bourses must use fines as first resort for listing pact breach
-Suspension of trading only on repeated breach of listing pact
-Bourses must adopt uniform fine structure listing pact breach
-Promoter’s shares to be frozen when trading in company shares suspended

Land Acquisition Act 2013 notified; spells out modalities for market value of land
-One new clause incorporated for land acquisition price
-Three criteria notified for determining market value of land
-Collectors to adopt either of three criteria for market value
Alert: Earlier only two criteria were proposed in the bill
-One criterion incorporated post parliament amendments
-New criterion includes private companies/PPP land buys

RBI says
-Companies cannot raise additional overseas Debt at higher all-in cost
-Companies cannot refinance FX Debt at cost over existing FX Debt

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