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Stocks in news: HCC, RComm, IVRCL, Kingfisher, AB Nuvo
HCC | RIL | Reliance Communications | IVRCL | Kingfisher Airlines | Jindal Polyfilms | Piramal Health and AB Nuvo are stocks, which are in the news today.
Lavasa issue -Maharashtra Govt to initiate criminal case against Lavasa promoters soon (HCC holds 61% stake in Lavasa) Ajit Gulabchand says -Maharashtra govt acting as an agent of Environment Ministry -Criminal case against Lavasa not initiated by Maharashtra Govt -Pre-conditions have never been put on projects in MoEF's history -Environment Ministry discriminating against Lavasa -MoEF does not need to wait for Maharashtra govt to give approval -Lavasa singled out by Environment Ministry with pre-conditions
Rs 14,000 crore bank recap likely in FY12: Sources -Committee on bank recap likely to submit report in 1 week -Demand for grants for recap likely in 2nd supplementary -Rs 4,500-7,000 crore for capital infusion in SBI in FY12 -Rs 20,000 crore likely to be asked for bank recap in FY13 budget -PSU banks to be asked to improve capital efficiency -Microfinance bill likely to be introduced in winter session
Piramal Health settles patent row over generic Suprane with Baxter -Piramal Health says may launch generic Suprane in US on January 1, 2014
ENIL Q2 (QoQ) -Consolidated net profit at Rs 8.3 cr vs Rs 9.3 cr -Consolidated net sales at Rs 68.5 cr vs Rs 68.7 cr
Ambuja Cements Q3 -Net profit at Rs 171 cr vs Rs 152 cr (YoY) -Net sales at Rs 1,805 cr vs Rs 1,564 cr (YoY)
AB Nuvo Q2 -Consolidated net profit at Rs 214 cr vs Rs 105 cr (YoY) -Consolidated net revenue at Rs 5,280 cr vs Rs 4,495 cr (YoY)
Other stocks and sectors that are in news today: -Listing today: Indo Thai Securities (Issue Price at Rs 74/sh) -RIL to collaborate with Reliance Communications to use towers & fibre optic cables for entry in the telecom sector (ET) -IVRCL close to selling 2 road projects to L&T for an undisclosed amount (ET) -Lenders reject Kingfisher's debt recast plans; cite airlines poor finances & losses incurred on conversion of loan in equity (TOI) -HC tells Zenith, to disclose its asset sale details to US based PE Summit Partners (ET) -Oil marketing companies brace for Rs 1.8 hike in petrol prices -Jindal Polyfilms to buy back a maximum of 40 lakh shares at a maximum price of Rs 350/sh ((CMP: 226.50)) -ACC October cement sales at 1.97 mt vs 1.92 mt (YoY) -Ambuja Cement October cement sales at 1.78 mt vs 1.75 mt (YoY) -Hero MotoCorp October total sales at 5.12 lakh units vs 5.05 lakh units (YoY) -Prism Info board meet on November 8 to consider the proposal to raise Rs 30 crore -F&O Ban: Gitanjali Gems
