Here are stocks that are in news today:
Results Today: Hero MotoCorp, Titan Company, Punjab National Bank, Sintex Industries, Birla Corporation, Blue Dart Express, CEBBCO, Alembic, GE Shipping, Goodyear, BASF, IIFL Holdings, Jindal Saw, Merck, MIRC Electronics, Piramal Enterprises, Talwalkars Better Value
F&O Additions, -7 more scrips to trade in F&O segment from May 29-Amara Raja Batteries, Castrol India, Ceat-Bajaj Finance, Pidilite Industries, Page Industries, SRF
Infosys-Company may invest upto Rs 2,009 crore to create new infra-Plans new infra in Bengaluru: ET
ONGC-Company plans to spend Rs 14,000 crore on exploration-Company seeks partners to develop deepwater assets: ET
Deepak Fertilizers, Mangalore Chemicals-Deepak Fertilizers sells more stake in Mangalore Chemicals-Has sold 25.56 lakh shares in open market in last 15 days: ET
NTPC-To raise USD 1 billion via FCCBs-Funds to be used to expand its power generation capacity: ET
Federal Bank-Enters pact with New India Assurance-Pact to provide cheaper accident coverage to its savings account holders: ET
SpiceJet-Adds non-metro flights: BS-Subramaniam Swamy seeks government probe into stake sale to Ajay Singh: ET
Force Motors Q4-Net profit up 3.1 percent at Rs 46.3 crore versus Rs 44.9 crore (YoY)-Total income up 24.2 percent at Rs 702.9 crore versus Rs 566.1 crore (YoY)
Shemaroo Entertainment Q4-Consolidated net profit up 81.7 percent at Rs 12.8 crore versus Rs 7 crore (YoY)-Consolidated total income up 64.7 percent at Rs 87 crore versus Rs 53 crore (YoY)
KEC International Q4-Net profit up 83.1 percent at Rs 63 crore versus Rs 34 crore (YoY)-Total income up 16 percent at Rs 2,521 crore versus Rs 2,176 crore (YoY)-EBITDA up 22 percent at Rs 185 crore versus Rs 151 crore (YoY)-Operating margin at 7.3 percent versus 7 percent (YoY)-Order intake at Rs 3,820 crore Triveni Turbine Q4-Net profit up 52.5 percent at Rs 29.4 crore versus Rs 19.3 crore (YoY)-Total income up 48.5 percent at Rs 196 crore versus Rs 132 crore (YoY)
GIC Housing Q4-Net profit up 7.2 percent at Rs 26.7 crore versus Rs 24.9 crore (YoY)-Total income up 21.3 percent at Rs 199 crore versus Rs 164.1 crore (YoY)
Greaves Cotton Q4-Net profit down 54.1 percent at Rs 23.7 crore versus Rs 51.6 crore (YoY)-Total income down 9.5 percent at Rs 393.8 crore versus Rs 435.2 crore (YoY)-EBITDA down 2.2 percent at Rs 45 crore versus Rs 46 crore (YoY)-Operating margin at 11.5 percent versus 10.6 percent (YoY)
SEBI says-Fifth meeting of the International Advisory Board of SEBI was held on May 1 & 2-Board discussed carving out regulatory framework for market-based financing of techno start ups-IAB discussed proposal w.r.t institutional investors’ participation in governance of investee companies-IAB discussed challenges w.r.t merger of commodities market into securities market
Honeywell & IndiGo sign cockpit tech deal for Airbus A320neo aircraftHoneywell says-Cockpit systems will enable pilots to better monitor surrounding airspace-IndiGo’s A320neo fleet will feature company’s smartrunway/smartlanding system-In addition to tech, company will provide products & handle maintenance requirements
IDBI Bank-Cuts base rate by 25 basis points to 10 percent effective May 11-Cuts BPLR by 25 bps to 14.5 percent & retail term deposit by 10-25 bps effective May 11 Prestige Estates: Total collections in Q4 up 43 percent at Rs 1,115.5 crore (YoY)Prestige Estates says-Have delivered 2 commercial projects aggregating to 1.5 million square feet in Q4-Have sold 795 residential units in Q4FY15 against 827 units in Q4FY14
Cabinet to approve new funding pattern for centrally sponsored schemes: Sources-Funding pattern for centrally sponsored schemes to be 50:50 between centre & states-New funding pattern to apply for all centrally sponsored schemes across states-New funding pattern needed with 42 percent of central taxes being devolved to states-Currently there is no fixed pattern for centrally sponsored schemes-Centre's share in centrally sponsored schemes funding ranged between 25 percent to 75 percent across schemes & states
Cabinet-Approves automatic FDI into real estate investment trusts (REITs)-Approves change in FEMA norms to allow inflow of foreign investment into real estate investment trusts-Approves proposal to raise FIPB's investment approval cap-Approves raising FIPB approval limit to investments worth Rs 3000 crore from Rs 1,200 crore-Approves cabinet approves Amendment Of Whistleblowers Protection Act 2011-Rajya Sabha clears Constitution amendment bill to enable the ratification of land boundary agreement with Bangladesh
Jindal Steel & Power (JSPL) says-Will stand vindicated at the end of ongoing judicial process-Deny all allegations made against company & management
Special Court takes cognisance of CBI chargesheet in JSPL coal block case-Special Court summons all accused in CBI chargesheet-Special Court says all accused directed to appear before special court on May 22Alert: Accused include Naveen Jindal, Madhu Koda, HC Gupta & JSPLAlert: CBI chargesheet pertains to allocation of Amarkonda Murgadangal coal block
Government says-Bangalore-Mumbai, Visakhapatnam-Chennai & Amritsar-Kolkata industrial corridors are in initial stages of implementation-Master planning for all three nodes in Chennai-Bangalore Corridor completed-All nodes except for ‘Dadri Noida Ghaziabad’ investment for Delhi-Mumbai corridor completed
RBI launches fifth pilot round of services & infrastructure outlook survey-RBI says survey seeks assessment of business situation for April-June 2015 from services & infrastructure companies
Other stocks and sectors that are in news today:-Reliance Power's Sasan project may lose surplus coal block: ET-United Spirits (USL) refuses to make Mallya report public-Uninor Q4 loss narrows to Rs 134 crore, revenues up 19 percent-Punjab National Bank cuts base rate by 25 bps to 10 percent effective May 7-Block deal alert: Credit Suisse (Singapore) sells 16.6 lakh shares (1.02 percent equity) in MEP Infrastructure-Grasim Industries says will seek shareholders nod for merger of Aditya Birla Chemicals with company on June 10-Amara Raja Batteries plans to expand its two-wheeler battery plant of 11 million capacity to over 22 million in next 2 years-India & Iran Ink Chabahar Port Development Pact: PTI
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