Here are stocks that are in news today:
Federal Bank (block deal): CNBC-TV18 Exclusive
-Block offer of 8.5 million shares
-Price range Rs 393.35-405.75/share
-Block offer size at approximately USD 65 million
-HSBC Bank Mauritius seller for the block offer
-HSBC sole book runner for the block offer
Tata Steel MD says
-Not scaling down modernisation, expansion plan
-Will need to raise funds for expansion
-Markets continue to be down in Europe
Maruti Suzuki begins production of new 800 cc car; to be made in Gurgaon: Sources
-New 800 cc car likely to be launched in November
-New 800 cc car to replace existing Alto 800 cc
-New small car likely to be called Alto 800
ITC says
-See strong cigarette sales trajectory FY13
-Expect to maintain FY13 margins at FY12 levels
-Seeing strong growth in non-cigarette FMCG sales
-Non-cigarette FMCG business margins up on low input cost
-To maintain FY13 cigarette sales volume at FY12 levels
-Will raise non-cigarette FMCG prices to expand margins
RIL
-Plans maintenance at Jamnagar refinery complex
-Maintenance of domestic tariff area (DTA) refinery for 2.5 weeks to start on August 28
-To carry out other inspection jobs during this shut down span
Tulip Telecom says
-Outstanding FCCB stands at USD 140 million
-Awaiting sanction and disbursements from lenders to repay FCCB holders
BSE shifts 74 stocks to T2T group effective August 31st (stocks include Wockhardt , SKS Microfinance , HeidelbergCement India , Mastek )
-BSE shifts 292 stocks back to original group from T2T
Other stocks and sectors that are in news today:
- Lupin awaits FDA nod to launch 110 drugs in the US: ET
- Jain Irrigation to issue 75 lakh warrants to promoters (no details)
- Muthoot Finance plans to raise Rs 250 crore via NCD issue: PTI
- Alstom bags Rs 2800 crore contract from Power Grid
