Here are stocks that are in news today:
Results Today: HCL Technologies, Hero MotoCorp, Federal Bank, Exide Industries, Essar Ports, Infotech Enterprise, Magma Fincorp, Tata Metaliks
Majority lenders okay Suzlon 's Rs 9,600 crore restructuring package: Sources
Sources on Suzlon:
-Banks to convert Rs 1,600 crore of loans into equity over 2 years
-Promoters to infuse Rs 125 crore in first year, another Rs 125 crore next year
-Company to repay USD 1 billion debt after three years
-Company to sell non-core assets in next 1 year
Government says:
-Under-recovery on diesel rises to Rs 9.60/litre
-Oil marketing companies Incurring daily under-recoveries of Rs 384 crore
Cabinet & CCEA to meet today: CNBC-TV18 exclusive
-Cabinet agenda includes revival of Scooters India
CCEA agenda:
-Aligning 'National Investment Fund' to enhance divestment policy
-To continue JNNURM for new projects
-Nod for budgetary ceiling for annuity payments for PP projects
-Export of processed, value added agricultural products
Sources on Axis Bank : Reuters
-Picks JPMorgan, Citigroup for up to USD 1 billion share sale
-May launch share sale to institutional investors in 2-3 weeks
Coal India may hike prices to offset diesel blow: DNA
-Low e-auction sales may hit Coal India profit: BL
Also Read
Morning cues: Firm Asian trade may push Nifty into green
HCL Tech Q3 beats forecast, profit up 9% to Rs 965 cr
Here's what to expect from Hero Moto Q3 earnings
Bajaj Holdings consolidated Q3 YoY
-Net profit at Rs 452 crore versus Rs 357 crore
-Net sales at Rs 92.3 crore versus Rs 62.4 crore
TTK Prestige Q3 YoY
-Net profit at Rs 44.1 crore versus Rs 34.6 crore
-Total income at Rs 438 crore versus Rs 335 crore
Somany Ceramics Q3 YoY:
-Net profit at Rs 8.2 crore versus Rs 4.7 crore
-Net sales at Rs 266.2 crore versus Rs 216.5 crore
Tinplate Q3 YoY
-Net profit Rs 11.16 crore versus Rs 8.4 crore
-Income from operations Rs 243.7 crore versus Rs 149 crore
Other stocks and sectors that are in news today:
- HCL Tech to appoint Anant Gupta as new CEO: ET (announcement likely today along with results, Vineet Nayar will move into non-executive role)
- DLF selling wind energy business of Rs 900 crore to pare debt: ET
-Mumbai airport to levy UDF from February 1
-DGCA advices other airlines against cutting fares: ET (last week Spicejet had slashed prices offering tickets at Rs 2013)
-Government to take call on spectrum pricing for auction today: PTI
- HUL puts few residential flats in Mumbai for sale
-Jewellers take Godrej Consumer to court over dues worth Rs 35-40 crore: BS
-Coal Ministry takes back ACC mine: DNA
- Bosch has forayed in thermo technology: BL
-BSE to exclude Deccan Chronicle Holdings and include Bharti Infratel in BSE-500 w.e.f. January 21
- Kalindee Rail approves preferential allotment of 55 lakh convertible warrants to non promoters
- Jyoti gets Rs 13.7 crore order from NCC
- Persistent Systems acquires NovaQuest
- Heidelberg Cement commissions 1st phase of Rs 1400 crore expansion plans, taking production to 5 mtpa
- Sandesh board okays buyback of 9.6 lakh shares at Rs 302 each (CMP Rs 357)
