Here are stocks that are in news today:
Maruti labour unrest spreads to 3 Suzuki units
-Suzuki's power train, 2-wheeler, casting plant workers on indefinite strike
Maruti Suzuki says
-No notice issued by Gurgaon union for going on strike
-Production at Gurgaon plant normal
-525 vehicles produced at Manesar plant today
Marico says:
-Possibility of PAT for next couple of quarters falling short of current expectations
-High raw material costs to impact margins
-However long term potential of business is intact
Pipavav -Mazagon JV hits roadblock
-Other shipyards L&T, Bharti and ABG raise objections
Shipyards allege
-MDL wrote on August 25th seeking business plan from bidders
-MDL & Pipavav announced JV on September 9th
-Proper procedures not followed to select JV partner
-MDL board didn’t wait for proposals from all shipyards
-No evaluation criteria for selection of JV partner shared by MDL
-MDL decision lacks transparency & taken in haste
Tata Steel
-To invest EUR 800 million over 5-years at its Netherland plant - IJmuiden
-IJmuiden’s annual capacity will rise by 2015-16 from 7.2 mt to 7.7 mt
Other stocks and sectors that are in news today:
-Auditor raises doubts over Kingfisher ’s (KFL) survival – ET
- Infosys close to buying Thomson Reuters healthcare biz for USD 700 million – BS
- RIL may be allowed to develop Satellite KG Fields – ET
- Ambuja Cement acquires 60% stake in Dirk India for Rs 16.51 crore
-TN brings DTH under tax net, to levy 30% entertainment tax (negative for Sun Direct)
- Kwality Dairy in talks with PE players to sell 20% stake for Rs 200 crore – FE (Market cap Rs 2552 crore)
- Atul Auto rights issue opens today
- Onmobile Global buyback at maximum Rs 85/sh
-Ex Dividend: Oil India Rs 19.5/sh, Reliance Capital Rs 6.5/sh, Reliance Infra Rs 7.2/sh, BGR Energy Rs 10/sh
-F&O Ban: ABG Shipyard, Gitanjali Gems
-Amnesty scheme on anvil to get back money from foreign banks
