SENSEX NIFTY
Feb 18, 2013, 09.35 AM IST | Source: CNBC-TV18

Stocks in news: Geodesic, Unichem, DB Realty, Cairn, IOC

Geodesic | Unichem Labs | Dhanlaxmi Bank | DB Realty | Cairn India | Ruchi Soya | Suzlon Energy | Jet Airways | IOC | HPCL | BPCL and Kingfisher are stocks, which are in the news today.

Here are stocks that are in news today:

Suzlon bets on debt recast, unit stake sale to turnaround: ET
-Company intends to sell stake worth Rs 2200 crore in component manufacturing subsidiaries

Jet -Etihad deal
-To be restructured; signing may be deferred
-Etihad-Jet seek changes in structure: Sources
-Disagreement on right of first refusal (ROFR) clause with Jet
-RoFR clause may not find muster with Indian government
-Concern on proposed Jet board restructuring also
-'Etihad management keen on deal'
-Sources say Etihad has no plan to call off deal
-Etihad Chairman admits of proposing revision in deal
Alert: Under FDI rule Etihad cannot have majority rights

Fuel price hike
- HPCL hikes diesel prices by 46 paise/litre; petrol by Rs 1.48/litre
- IOC , BPCL hike diesel prices by 45 paise/litre; petrol by Rs 1.50/litre

IOC says:
-Revenue loss on diesel sale to now fall to Rs 10.27/litre
-FY13 revenue loss on subsidised fuels seen over Rs 86,000 crore

Govt cuts gold base import price to USD 535 per 10 gm versus USD 545/10 gm
-Govt cuts silver base import price to USD 1,003/kg versus USD 1,018/kg
 
Kingfisher Airlines (KFA) update: Sources
-Of 5 core bank group, 4-bank sub-core group formed for KFA
-Sub-core group has banks with largest exposure to KFA
-4-bank sub-core group contains SBI, PNB , Bank of India , IDBI
Alert: Banks to consult individual boards on loan recall
- SBI sources say SBI board to take decision within 10 days
 
CNBC-TV18 exclusive: Finance Ministry sources
-Sanofi order reveals ruling due to India-France Double Taxation Avoidance Agreement (DTAA)
-I-T to decide further course of action over next few days
-Sanofi case different from Vodafone due to India-France DTAA
Alert: AP HC ruled no tax payable on Sanofi-Shantha transaction
On CNBC-TV18 - Sanofi Counsel::
-Court has upheld supremacy of DTAA
-Unlike Vodafone, Sanofi involves tax treaty
-Court's judgment comes at an opportune time for the FM
-Believe there is significant difference in Sanofi & Vodafone case

JSPL says:
-Hope to acquire 2 overseas mining assets
-Scouting for coal & Iron ore assets in Spain, Ukraine and West Africa
-To increase capacity at Angul plant by 1.8 mt to 4.8 mt in 2-3 months

SEBI order on Ruchi Soya
-SEBI passes interim order against 9 companies on Ruchi Soya freak trade
SEBI says
-Companies entitled to file their representations within 21 days
-Bars 9 entities from accessing security markets

Other stocks and sectors that are in news today:
-Power PSU’s NTPC , Power Grid to invest Rs 50000 crore in various projects
- Cairn India gets nod for drilling of Rajasthan Block: BS
-Gujarat NRE Coking coal rejects JSPL Austalian dollar 222 million takeover bid: Mint
-Welspun to invest Rs 1000 crore to hike yarn & cotton production: Mint
- DB Realty : ICICI Bank releases 11 percent company's shares pledged by promoters
- Central Bank of India to issue 30.84 crore shares to government at Rs 78/share on preferential basis
- Dhanlaxmi Bank to raise Rs 200 crore via QIP
-Competition commission of India (CCI) to take up NTPC 's North Karapura plant relocation and linkage issue in meeting this week 
- Unichem Lab board approves sale of Dhar manufacturing unit to Mylan for Rs 160.5 crore

GSK Consumer Q4 (YoY)
-Net profit at Rs 69.6 crore versus Rs 59.1 crore
-Net sales at Rs 709.1 crore versus Rs 602 crore
-EBITDA at Rs 76.5 crore versus Rs 79 crore
-EBITDA margin at 10.8% versus 13.1%
-GSK Consumer board approves change in financial year from January-December to April-March

HMT Q3 (YoY):
-Net loss at Rs 29 crore versus Rs 31 crore
-Net sales at Rs 49.2 crore versus Rs 18.06 crore

Geodesic Q2 (QoQ):
-Consolidated net profit at Rs 9.8 crore versus Rs 35.8 crore
-Consolidated net sales at Rs 222.3 crore versus Rs 170.1 crore

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Suzlon Energy Jet Airways HPCL
IOC BPCL Kingfisher Air
Jindal Steel Ruchi Soya NTPC
Power Grid Corp Cairn India DB Realty
Central Bank Dhanlaxmi Bank Unichem Labs
GlaxoSmith Con HMT Geodesic

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