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Stocks in news: Bharti, IRB Infra, Bayer Crop, ICICI Bank
EON Electric | SAIL | Bank of Maharashtra | ONGC | Bharti | IRB Infrastructure | Bayer Cropscience | RIL | TCS | United Breweries and ICICI Bank are stocks, which are in the news today.
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
