Here are stocks that are in news today:
Results Today - SBI, Coal India, Tata Steel, Karnataka Bank, HOEC, Manappuram Finance, OMDC, Shriram City Union, City Union Bank, Alok Industries, Eclerx, Tata Investment, Torrent Pharma, Ashoka Buildcon, Andhra Cement, Balmer Lawrie, Deepak Fertiliser, Petron Engineering, Panacea Bio, Saint Gobain, Siyaram Silk Mills,
Speciality Resturants IPO closes today
-Total bids ---- 0.02x
-Only retail subscription ----0.05x
Top government sources say
-FDI in aviation in final stages of approval
-Final decision on FDI in aviation likely very soon
-All concerns been addressed, taken on board
-Final decision on FDI in aviation likely in 3 weeks
IPCA Labs to merge Tonira Pharma with self
-IPCA Labs to give 6 company's shares for every 100 of Tonira Pharma
-IPCA Labs holds 32.3% stake in Tonira Pharma
Government approves USD 7.6 billion gas pipeline project from Turkmenistan
-Oil Minister S Jaipal Reddy likely to visit Turkmenistan on May 23-24 for signing Gas Sale & Purchase Agreement (GSPA)
Other stocks and sectors that are in news today:
-Lodha group in advanced talks to buy DLF 's Mumbai land plot for USD 500 million (17 acer plot): Sources
-German Parent Styrolution plans to delist Indian unit Styrolution ABS ET (CMP Rs 709)
-Linde may delist BOC by June end DNA (CMP Rs 400)
-Finance Ministry warns banks to crack whip on loan recasts ET
- Texmaco Rail & Engineering signs a JV with a French group Touax Rail for entering into the business of wagon leasing
- Koutons Retail board meets to consider the preferential issue of equity shares to promoters and others for upto USD 200 million
- Akzo Nobel India board to consider buy back of shares
- Kingfisher Airlines has paid Rs 15 crore as tax last month; still to pay Rs 50 crore: Sources
-Govt likely to reject new land acquisition bill
-Law Ministry okays hike in D6 gas price
-Airtel slashes rates of 3G data plan by up to 70%
Mahindra Satyam Q4FY12 QoQ Consolidated
-Net Profit at Rs 534 Cr (crore) vs (versus) Rs 308 Cr
-Income from operations at Rs 1,666 Cr vs Rs 1,718 Cr
-Other Income at Rs 73 Cr vs Rs 151 Cr
-One-time Gain of Rs 109 Cr
-EBITDA Margin at 17.5%
Bajaj Holdings Q4FY12 YoY
-Net Profit at Rs 629 Cr vs Rs 836 Cr
-Net Sales at Rs 64 Cr vs Rs 60 Cr
-To pay Rs 25/sh dividend
Jaypee Infratech Q4FY12 YoY
-Net Profit at Rs 349 Cr vs Rs 250 Cr
-Net Sales at Rs 920 Cr vs Rs 715 Cr
JP Power Q4FY12 YoY
-Net Loss at Rs 7 Cr vs Net Profit at Rs 17 Cr
-Net Sales at Rs 293 Cr vs Rs 141.5 Cr
-Total Expenditure at Rs 120 Cr vs Rs 48 Cr
-Finance Cost at Rs 242.5 Cr vs Rs 99 Cr
WWIL Q4FY12 Consolidated QoQ
-Net loss at Rs 24 Cr vs Net Loss at Rs 14 Cr
-Net Sales at Rs 85 Cr vs Rs 80 Cr
GTL Infra Q4FY12 YoY
-Net Loss at Rs 77 Cr vs Loss of Rs 42 Cr
-Income from Ops at Rs 140 Cr vs Rs 138 Cr
-EBITDA at Rs 72 Cr vs Rs 80 Cr
CII President Says
-Standing committee report on land will hit industry
-Standing committee report on land to adversely hit manufacturing sector
-Standing committee report has not factored in industry needs
-Land acquisition process will become more complex
-Ban on acquisition of land for PPP projects detrimental
Oil Ministry sources say
-Seeking Rs 49,000 crore cash subsidy from Finance Ministry
-Oil min seeks subsidy for revenues losses of fuel retailers in Q4
Government sources say
-Difficult to reduce 2G auction reserve price due to 3G norms
-3G tender notice pointed to future reserve price
-Have noted proposed 2G auction reserve price concerns
-Divided over interpretation of 3G tender clause 4.7
-Clause 4.7 applicable only if fresh auction held in 2 months
