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Stocks in news: Tata Motors, Hero, Opto Circuits, Info Edge

Tata Motors | Hero Motocorp | TVS Motor | Opto Circuits | Coal India | DLF | Petronet LNG | Info Edge | Cipla | Punj Lloyd | Edelweiss Financial and Bharati Shipyard are stocks, which are in the news today.

September 02, 2015 / 09:25 IST
     
     
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    Here are stocks that are in news today:

    Infosys Concall: CFO Rajiv Bansal says-Rupee depreciation should impact margins positively by 0.6 percent-Volatility in Australian currency impacting the business-Win rates & new investments will help achieve 30 percent margins by 2020-Must grow by 12-15 percent for 4-6 quarters to achieve targetted marginCEO Vishal Sikka says-Pricing pressure may continue-Panaya acquisitions gave productivity gains of 30-40 percent-Aikido is about augmenting existing existing service lines-Trying to bring innovation into every into every project-Win rates in large deals doubled compared to a year ago-Focussing largely on top clients-Confident of meeting 10-12 percent growth rate for current year-Aspire to employ 2.5 lakh employees by 2020-Launched a 'Zero Bench' initiative-Have trained 48,000 people for design thinking-See tremendous organic growth in mobility & big data

    Prabhat Dairy IPO-Extended till September 4-Price band revised to Rs 115-126 from Rs 140-147 per share

    Tata Motors-Canada pension fund, Singapore’s GIC eye minority stake in Tata Technologies-Tata Motors owns 70 percent stake in Tata Technologies: ToI

    Edelweiss Financial arm takes control of Bharati Shipyard-Edelweiss’s ARC arm acquires 70 percent of Rs 8,500 crore outstanding loan to Bharati Shipyard: ET

    August Auto Sales: TVS Motor-Total sales up 0.9 percent at 2.27 lakh units versus 2.25 lakh units (YoY)-2-wheeler sales up 0.7 percent at 2.17 lakh units versus 2.15 lakh units (YoY)-3-wheeler sales up 11 percent at 10,872 units versus 9,820 units (YoY)Tata Motors-Total sales down 0.5 percent at 40,680 units (YoY)-Passenger vehicle sales up 2 percent at 11,194 units (YoY)-Commercial vehicle sales down 4 percent at 24,284 units (YoY)-Medium and heavy commercial vehicle sales up 31 percent at 12,017 units (YoY)-Light commercial vehicle sales down 25 percent at 12,267 units (YoY)-Exports up 16 percent at 5,202 units (YoY)Hero Motocorp-Total sales down 14 percent at 4.8 lakh units versus 5.58 Lakh Units (YoY)Steel Strips Wheels-August total rim sales up 4 percent at 11.14 lakh units versus 11.59 lakh units (YoY)

    SEBI-Seeks clarifications from 4 companies on IPO plans-Seeks clarifications from Alkem Labs, Infibeam w.r.t IPO plans: PTI

    RBI-Seeks comments on draft guidelines on computation of base rate-Releases draft norms on transmission of policy rates to banks’ lending rates-Move aimed at better transmission of rate cuts by banks-Wants banks to move to marginal cost of funds based determination of base rate

    RBI says-Banks have to adopt new norms on base rate calculation by April 1, 2016-Banks to submit roadmap w.r.t new methodology within 2 months of circular

    Punj Lloyd-Plans to expand Gwalior manufacturing facility-Plans to invest up to Rs 2,000 crore to expand Gwalior unit: PTI

    Cipla-Appoints Umang Vohra & Prabir Jha to its management team-Appoints Umang Vohra as global chief financial & strategy officer-Appoints Prabir Jha as global chief people officer

    Coal India-August offtake at 40.62 million tonnes (MT) versus target of 40.50 MT-August production at 36.21 MT versus target of 37.65 MTDLF Home Developers & GIC form JV for 2 projects in DelhiDLF says-Both projects will be developed under DLF Home Developers-GIC will invest Rs 1,990 crore in 2 projects to be developed in Delhi-JV to benefit from GIC's experience of investing in integrated projects

    Other stocks and sectors that are in news today:-Max Life looks to sell 22 percent to PE Firm: ET-Tata Group exits management of Taj Palace Hotel, Dubai-DLF gets shareholder’s nod to raise Rs 7500 crore-Petronet LNG to raise Rs 1000 crore via bonds-Bank of Maharashtra to raise up to Rs 394 crore via issue of preferential shares to government-RBI approves increase in FII investment limit up to 50 percent in Info Edge-Opto Circuits defers its GDR issue due to current market conditions

    first published: Sep 2, 2015 08:23 am

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