Stocks in news: Bharti, IRB Infra, Bayer Crop, ICICI Bank

Published on Wed, Feb 08, 2012 at 08:17 |  Source : CNBC-TV18

Updated at Wed, Feb 08, 2012 at 15:53  

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Stocks in news: Bharti, IRB Infra, Bayer Crop, ICICI Bank

Here are stocks that are in news today:

Results Today - ONGC, Bharti Airtel, Power Grid, Bharat Forge, Tech Mahindra, Orchid Chemical, Jubilant Foodworks, Essar Shipping, Brigade Enterprises, Tulip Telecom, A2Z Maintainence, KS Oils, Autolite (India), Globus Spirits, Ind-Swift Laboratories, Ind-Swift, Kalpataru Power Transmission, Kavveri Telecom Products, Sakthi Sugars, Shriram EPC

ICICI Bank block
-Temasek arm to sell 1.59 cr or 1.38% via block deal today
-Temasek arm Allamanda Investments to sell stake via accelerated book-building

EGoM okays additional 1 mt sugar exports: Sources
-EGoM to seek poll panel nod for additional sugar exports
-EGoM cuts basmati rice export floor price to USD 700/tonne

RIL says
-Approached by airlines for handling ATF on their behalf
-Discussions in preliminary stage with modalities of proposal yet to be finalized

United Breweries board approves amalgamation of Scottish and Newcastle India with itself
-UBL to issue 84.89 lakh shares to SNIPL and SNIPL to issue 3.22 crore shares to UBL
 
Other stocks and sectors that are in news today:
- TCS likely to announce a JV with Mitsubishi today - reports
-Oil Ministry seeks to penalize RIL for D6 output fall - ET
-Govt penalizes Bayer Cropscience Rs 45 lakh for losses to farmers - ET
-SEBI may rule on GTC open offer today - ET
- IRB Infrastructure to raise Rs 3,300 crore for Ahmedabad-Vadodara project
- SAIL hikes long product prices by Rs 3,000/tonne with effect from February 01
- Bank of Maharashtra board of directors to consider preferential equity to GOI, LIC & others - Agencies
- EON Electric to demerge Metering division and proposed power generation business in to Advance Metering Tech
-F&O bans include ABG Shipyard and Jet Airways
-NHAI tax free bonds list today

Infosys CFO says
-Department of Justice probe into visa issue not a criminal investigation
-6 employees & Infosys named target by DOJ
-In the process of submitting documents to DOJ
-Visa issue a 'distraction' not overhang
-Will hire about 1,500 in the US this year
-Not impacted by 2G licence cancellations
-US market in recovery mode; Europe still uncertain
-Industry facing huge L-1 visa rejections
-L-1 visa rejection rate at 40-45% from 10-12% last year
-No issues on H1B visas
-Continue to scout for acquisitions
-Looking for buys in product solutions space
-Company was never interested in Thomson Reuters
-BG Srinivas, Ashok Vemuri swap part of 'grooming' process

OMC: Sources say
-Direct ATF imports not viable option for airlines
-All our facilities dedicated, no cushion available
-Imported ATF only for dedicated use of airline
-For tax benefits, airlines cannot share imported ATF
-Storage itself is expensive, cannot be economical
-Have not received any proposal from any company

SEBI notifies guidelines for Share Buyback via Tender offer
-Company is required to buyback 15% shares from retail shareholders
-Buyback to remain open for 10 working days
-Company to accept shares as per entitlement ratio from shareholder
-Separate entitlement ratio for retail & other shareholders

Stock exchanges meet with FM concludes: Sources
-Stock exchanges seek reduction in STT & Transaction costs
-Hopeful of announcement on STT in budget 2013
-Stock exchanged presented views on developing market

JK Lakshmi says
-Board okays share buyback at maximum Rs 70/sh
-Have almost Rs 600 crore in cash
-Will be able to deploy the cash in 2 years
-Company cumulatively have Rs 900 crore in debt
-99% capacity utilisation in Q3
-Expect to achieve 100% capacity utilisation in Q4
-Trend of cement prices going up expected to continue

  

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