SENSEX NIFTY
Oct 11, 2013, 08.36 AM IST | Source: Moneycontrol.com

Stocks in news: Infosys, Ranbaxy, Delta Corp, NCC, Jet Air

Jet Airways | Infosys | Ranbaxy Labs | Hotel Leela | Glenmark | Reliance Industries | Delta Corp | NCC | Reliance Power | Ashok Leyland and Apollo Tyres are stocks, which are in the news today.

Here are stocks that are in news today:

Results Today: Infosys and Gruh Finance

i-Gate Q3 CY13
-Revenue up 3.6 percent at USD 293.4 million (Q-o-Q)
-Net income up 6.3 percent at USD 31.9 million (Q-o-Q)
-Non-GAAP share at USD 0.46; GAAP share at USD 0.30
-Gross margin at 41.4 percent
-Added 8 new customers including 2 Fortune 1000 companies

Ranbaxy Labs  in focus
-OHM Labs received establishment inspection report (EIR) from USFDA for December 2012 inspection
-EIR signals satisfactory resolution of observations highlighted in ‘form 483’
Alert: Ohm is currently only Ranbaxy facility which is USFDA approved

CCI chairman Ashok Chawla says
-Will consider Jet Airways -Etihad deal on Monday
-Jet-Etihad have submitted additional information to CCI
-Oil marketing companies challenged jurisdiction of CCI on petrol pricing issue
-Will be passing order on jurisdiction issue next week

ONGC Videsh (OVL):
-Signs MoU with Venezuelan company PDVSA for exploration & development
Alert: OVL currently has stake in 2 producing projects in Venezuela
Alert: OVL has stake in Petro-Carabobo & Petro-Indovenezolana with investments worth USD 341 million

Reliance Industries (RIL)
-Signs joint study agreement with Venezuelan company PDVSA
-Signs agreement for Ayacucho block 8 in Orinoco oil belt
-To evaluate development plan for Ayacucho 8 with PDVSA

Registrar of Companies (RoC) report on NSEL, MCX & Financial Technologies in 45 days: Sources
-RoC report findings to form basis for further action
-RoC probe into NSEL, MCX, Financial Technologies based on FMC findings

Ministry of Corporate Affairs (MCA) sources say:
-Probe to assess related party transactions
-To assess role of directors, conduct with stakeholders
-To assess role of auditors, process adopted by auditor
-RoC Mumbai inspection report expected by mid November
-SFIO probe may be ordered after RoC Mumbai report
-Will share probe reports with finance ministry

Esplanade Court grants police custody for Amit Mukherjee till October 18
-Economic Offences Wing (EoW) says Amit Mukherjee produced fake receipts of warehouses
                           
NSEL fiasco:
-EoW makes second big arrest after Amit Mukherjee
-EoW arrests Jai Bahukhandi, former VP, warehousing at NSEL
Alert: Jai Bahukhandi was one of the 54 people summoned by EoW
-Jai Bahukhandi appeared before EoW yesterday, questioned

Joint CP Mumbai Himanshu Roy says
-Have shared information with ED & CBI on NSEL matter
-ED, CBI likely to conduct parallel probe in NSEL matter
-Anjani Sinha has not responded to summons
-Will decide on future course of action

CBI might close NSEL probe to avoid multiplicity of agencies: PTI sources
-CBI feels EoW competent enough to investigate NSEL case
-CBI may probe irregularities in NSEL if government wants

Sources on NSEL:
-Enforcement Directorate (ED) & CBI have asked EoW to share information
-Anjani Sinha yet to appear before EoW
-EoW likely to take action against Anjani Sinha soon

EOW sources on NSEL
-Probing August 8, 9 entries where borrowers declared defaulters
-No corresponding entries in books of borrowers
-Will decide on future course of action after interrogation of 2 arrested
-48 of 74 people summoned have responded
-Will seek help of government agency for ascertaining value of goods in warehouses
-Have not discovered evidence of tampering with documents so far
-We are sharing documents with ED, CBI & FMC
-Also co-operating with I-T Department for investigations

Lotus Refineries
-Company demands probe into NSEL's settlement procedure
-Company accuses NSEL of faking the ratings details

Cooper Tire versus Apollo Tyres :
-Delaware Chancery court to expedite hearing of Cooper's complaint against Apollo
Alert: Cooper had complained against Apollo for not closing deal
-Delaware Chancery court to hear case by early November

Cooper Tire says
-Pleased that court agreed to request for expedited hearing
-Will proceed along court’s stated timeline to hear case early November
-Strategic rationale for pending merger with Apollo remains compelling
-Believe merger will create value for all stakeholders
-Look forward to closing pending merger as soon as possible

Indiabulls Housing Finance
-Cuts home loan rates by 15 bps to 10.25 percent for festive season
-New home loan rate will be applicable till November 30
-New home loan rate will be applicable for loan under Rs 25 lakh

Other stocks and sectors that are in news today:
- Ashok Leyland : Hinduja automotive buys 2.6 crore shares in company via block deal
-CERC reserves order on Reliance Power plea on Sasan plant tariff
-Sembcorp to acquire majority stake in NCC power for Rs 500 crore (NCC Power is promoted by NCC and Gayatri Projects ): ET
-ICICI Venture offloads 6 percent stake in Delta Corp in secondary market: ET
- Reliance Industries (RIL) likely to take up oil blocks in Venezuela: Agencies
-Karnataka fast track restart of mines: BS
- Glenmark US arm sues six firms over skin drug: DNA
-Hidelberg Cement eyes buyout to reach 15 MT capacity: DNA
-Oil Ministry likely to take subsidy yoke off Gail ’s back: FE
- Hotel Leela & Kempinski (a German hotel group) end 25-year old JV w.e.f. October 1

RBI Allows some banks to borrow from international, multilateral agencies
RBI says
-Banks can borrow from international agencies till November 30
-Banks can borrow form international agencies only for general operations
-Banks cannot borrow from international agencies for augment capital
-Banks' borrow from international agencies eligible for RBI swap facility

Set email alert for
Infosys GRUH Finance Ranbaxy Labs
Jet Airways ONGC Reliance
MCX India Financial Tech Apollo Tyres
Ashok Leyland Reliance Power NCC
Gayatri Project Delta Corp Glenmark
GAIL Hotel Leela

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