Oct 01, 2013, 08.53 AM IST | Source: CNBC-TV18

Stocks in news: Financial Tech, Jet, Infosys, IOC, S Kumars

Financial Technologies | Jet Airways | Pioneer Distilleries | GMR Infrastructure | GVK Power | Gulf Oil Corporation | Bayer Cropscience | APL Apollo Tubes | Zenith Infotech | Apollo Tyres | Infosys | S Kumars Nationwide and IOC are stocks, which are in the news today.

Here are stocks that are in news today:

Oil marketing companies ( IOC , BPCL and HPCL ): 
-Cut petrol price by Rs 3.05/litre (excluding value added tax)
-Hike diesel price by Rs 0.5/litre (excluding value added tax)
Alert: First petrol price cut after 7 successive hikes

IOC says:
-Revenue loss on kerosene sale at Rs 38.32/litre
-Revenue loss on subsidised LPG sale at Rs 532.50/cylinder
-FY14 revenue loss on subsidised fuels seen at Rs 73,500 crore
-Revenue loss on retail diesel at Rs 10.52/litre post price hike
-PSUs FY14 subsidised fuel revenue loss seen at Rs 1.40 lakh crore

April-June quarter
-Current account deficit (CAD) at USD 21.8 billion versus USD 16.9 billion (YoY)
-CAD at 4.9 percent versus 4 percent Of GDP (YoY)
-Imports up 4.7 percent versus 3.9 percent fall (YoY)
-Exports down 1.5 percent versus 4.8 percent fall (YoY)
-Gold imports at USD 7.3 billion
-Services exports at 2.1 percent versus 6.1 percent (YoY)
-Trade deficit up due to rise in imports
-Services imports down 5.5 percent versus 19.3 percent up (YoY)
-Services imports at USD 19.7 billion versus USD 20.8 billion (YoY)
-Net receipts on services at USD 16.9 billion versus USD 15 billion (YoY)
-Capital account deficit at USD 20.8 billion versus USD 15.9 billion (YoY)
-Net capital account inflows at USD 767 million
-Trade gap at USD 50.5 billion versus USD 43.8 billion (YoY)
-Net portfolio inversust outflow USD 0.2 billion versus USD 2 billion (YoY)
-Net FDI inflow at USD 6.5 billion versus USD 3.8 billion (YoY)
-Forex reserve drawdown USD 0.3 billion on balance of payment basis versus accretion of USD 0.5 billion (YoY)
-Merchandise exports down 1.5 percent versus 4.8 percent fall (YoY)
-Merchandise imports up 4.7 percent versus 3.9 percent fall (YoY)
 
RBI says:
-External debt at USD 388.5 billion as on June 30 versus USD 392.1 billion (QoQ)
-Govt external debt at USD 78.4 billion as on June 30
-Share of NRI deposits at 18.3 percent of total external debt
-Share of ECB at 30.7 percent of total external debt
-Share of short-term debt at 24.9 percent of total external debt Versus 24.7 percent (QoQ)
-Ratio of short-term debt to forex reserves at 34.3 percent as on Jun 30 versus 33.1 percent (QoQ)

Government:
-April-august fiscal gap at Rs 4.05 lakh crore versus Rs 3.37 lakh crore (YoY)
-August fiscal gap at Rs 64,000 crore versus Rs 73,100 crore (YoY)
-April-August spending at Rs 6.6 lakh crore versus Rs 5.6 lakh crore (YoY)
-April-August receipts at Rs 2.58 lakh crore versus Rs 2.28 lakh crore (YoY)
-August revenue gap at Rs 54,400 crore versus Rs 62,700 crore (YoY)
-August spending at Rs 1.42 lakh crore versus Rs 1.28 lakh crore (YoY)
-August receipts at Rs 77,700 crore versus Rs 55,000 crore (YoY)
-April-August tax mop-up at Rs 3.09 lakh crore versus Rs 2.84 lakh crore (YoY)
-August Tax mop-up at Rs 63,700 crore versus Rs 53,900 crore (YoY)
-August CPI industrial workers inflation at 10.75 percent Versus 10.85 percent (MoM)
-April-August key core industries growth at 2.3 percent Versus 6.3 percent (YoY)
-August key core industries growth at 3.7 percent Versus 6.1 percent (YoY)

NSEL says
-Have filed complaints with Economic Offences Wing
-'We understand that investors also filed several complaints'
-Economic Offences Wing searches 24 borrowers’ premises
-Economic Offences Wing has also searched NSEL premises
-Welcome any action by the government authorities
-NSEL, Financial Technologies will fully co-operate with government authorities

Infosys signs 300 million pound IT deal with RBS
-Infosys’ IT deal with RBS spread across 3-5 years
-Deal to design software system for RBS arm Williams & Glyn
-Revenue from deal to reflect from Q3 onwards
-Deal to give Infosys advantage when RBS' USD 2 billion IT deal comes up for renewal
-IBM also signed for hardware component of the deal

ApolloCooper Deal: Cooper Tire says
-Shareholders approve merger with Apollo Tyres
-Pending merger is expected to close by the end of this year
-Over 74 percent of shares voted in favour of deal

Sanofi Global CEO says:
-Acquisitions remain priority in emerging markets
-Cannot comment on any specific acquisition plans
-Vodafone tax case did unnecessary harm to India
-Need clear communication from government on tax issue

Cabinet Committee on Economic Affairs may take up premium rescheduling of PPP roads this week: Sources
-Premium worth Rs 98000 crore of 23 road projects likely to be rescheduled
-Demand for 16 additional road projects to be included
-Demand for additional projects can be considered only post NHAI board nod

Other stocks and sectors that are in news today:
- Future Retail 's fashion retailing arm Future Lifestyle Fashion lists today on BSE, NSE
-NSE to exclude Financial Technologies from F&O segment from November 1
-Naresh Goyal will have to divest 6 percent in Jet Airways  before making preferential allotment to Etihad
-SEBI exhorts MFs to play assertive role in investee company: ET
-Sachin Pilot asks SIFO to brief him on Tata- Unitech deal: ET
- Pioneer Distilleries post offer status promoter holding at 86.35 percent (4.7% percent shares got tendered in the open offer)
- GMR , GVK can bid for 6 airports: BS
- NHPC to raise Rs 500 crore via public issue of tax-free bonds
- Bank of Baroda ups interest rate on term deposits above 180 days by up to 50 bps
- Kotak Mahindra Bank : Not to transfer SLR Securities to HTM portfolio
- Gulf Oil Corporation to divest stakes in 3 overseas subsidiaries for about Rs 55 crore
- Bayer Cropscience to sell Gujarat Poly-Isocynate unit for Rs 22.9 crore
- APL Apollo Tubes okays merger of arm Lloyds Pipes with self
-Auto companies September Sales numbers to be released today
-RBI says companies may use ECB for multiple rounds of divestment of PSUs
- Zenith Infotech  promoters withdraw their appeal against winding-up order (Company had challenged HC order admitting winding-up plea)

S Kumars Nationwide Q1 - YoY
-Total income down from Rs 884 crore to Rs 855 crore (down 3 percent)
-Total loss at Rs 62 crore versus profit of Rs 31 crore

SEBI amends bye-laws w.r.t. listing conditions non-compliance
SEBI says
-Bourses must use fines as first resort for listing pact breach
-Suspension of trading only on repeated breach of listing pact
-Bourses must adopt uniform fine structure listing pact breach
-Promoter’s shares to be frozen when trading in company shares suspended

Land Acquisition Act 2013 notified; spells out modalities for market value of land
-One new clause incorporated for land acquisition price
-Three criteria notified for determining market value of land
-Collectors to adopt either of three criteria for market value
Alert: Earlier only two criteria were proposed in the bill
-One criterion incorporated post parliament amendments
-New criterion includes private companies/PPP land buys

RBI says
-Companies cannot raise additional overseas Debt at higher all-in cost
-Companies cannot refinance FX Debt at cost over existing FX Debt

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IOC BPCL HPCL
Financial Tech Infosys Apollo Tyres
Future Retail Jet Airways Unitech
Pioneer Distill GVK Power GMR Infra
NHPC Kotak Mahindra Bank of Baroda
Gulf Oil Corp Bayer CropScien APL Apollo
Zenith Infotech S Kumars Nation

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