Oct 17, 2012, 09.10 AM IST

Stocks in news: JSW Steel, Mindtree, HCL Tech, SMS Pharma

JSW Steel | Mindtree | HCL Tech | Tata Metaliks | Zensar Tech | SMS Pharma | Jaiprakash Associates and GMR are stocks, which are in the news today.

Source: Moneycontrol.com
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Here are stocks that are in news today:


Results Today: HCL Tech, Karnataka Bank, Rallis India, Infotech Enterprises, Crisil, BPL, Kirloskar Pneumatic


Aviation Ministry says
-Airport Development Fee (ADF) to be abolished at Delhi and Mumbai airports
-ADF abolishment to be effective from January 1, 2013
-Directs AAI to infuse more equity in MIAL & DIAL


Illegal mining case
CBI sources
-CBI files chargesheet against JSW Steel 's Sajjan Jindal, CEO and Senior VP
JSW Steel says
-Premature to comment on CBI chargesheet reports


Group of Ministers (GoM) finalises draft of Land Acquisition Bill
Sharad Pawar says
-Will send minutes on land bill to cabinet shortly


Jairam Ramesh says
-GoM agreed 2 of 3 owners' okay needed for land sale
-Land acquisition bill may go to cabinet in 2 weeks
-Land acquisition bill may be tabled in winter session
 
Power Ministry writes to PM on power sector issues
Union Power Minister Veerappa Moily to PM
-Expedite signing of fuel supply agreements (FSAs) by Coal India with power companies
-Get coal production by Coal India ramped up substantially
-Reverse decision to de-allocate NTPC coal mines
-NTPC's 2 blocks at Chatti- Bariatu and Kerandari de-allocated


Fresenius Kabi sold 1.42 crore shares (9% stake) via offer for sale at Rs 80/share
-Parent holding now stands at 81%


MindTree Q2FY13 QoQ
-Net profit down 18.9% at Rs 72.2 crore versus Rs 89 crore
-Rupee revenue up 5.9% at Rs 596.3 crore versus Rs 563 crore
-Dollar revenue up 1.7% at USD 107.3 million versus USD 105.5 million
-Added 11 customers during Q2


Tata Metaliks Q2FY13 YoY consolidated
-Net loss at Rs 16.3 crore versus loss of Rs 52.6 crore
-Net sales at Rs 208.9 crore versus Rs340.2 crore


Zensar Tech Q2FY13 QoQ consolidated
-Net profit at Rs 32 crore versus Rs 54.5 crore
-Net sales at Rs 537.3 crore versus Rs 544.3 crore


Other stocks and sectors that are in news today:
- GMR ready to buy out Delhi International Airport (DIAL) partners: BS
-AV Birla has revived negotiations to buy Jaiprakash Associates cement plans in Gujarat and Andhra Pradesh, offer USD 130/tonne, valuations could again prove deal-breaker: ET
-Oil exploration blocks in future may not face Comptroller & Auditor General (CAG) scrutiny, but would have to share profits: ET
- Kingfisher Airlines management to convene meeting on lockout today: PTI
- SMS Pharma to sell unit-VI for Rs 173 crore to Mylan Lab


Adani Ports & SEZ says
-Clearance for additional 1840 hectare turned down as area proposed lacked contiguity
-Will seek clearance for additional 1840 hectare in due course


Cabinet Reshuffle?
-Cabinet reshuffle likely this week
-Sonia Gandhi to meet president Pranab Mukherjee
-PM Manmohan Singh had met Pranab Mukherjee yesterday
-Rahul Gandhi seeks appointment to meet president today


PSU companies
-October 16-31 loss on subsidised fuel sales at Rs 424 crore per day
-October 16-31 revenue loss on diesel sale at Rs 9.82 per litre
-Goa government to subsidise 3 additional LPG cylinders
-Centre capped subsidised LPG cylinders at 6 per year per family


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