Oct 23, 2012, 09.15 AM IST | Source: Moneycontrol.com

Stocks in news: Kingfisher, DB Realty, Cairn, Rain Comm

Kingfisher Airlines | MCX | Subex | Dhampur Sugar | NHPC | DB Realty | NDTV | Jet Airways | Rain Commodities | Mahindra Forgings | Kolte Patil | Cairn India | Tata Coffee | DHFL and Idea are stocks, which are in the news today.

Here are stocks that are in news today:

Results Today: Hero MotoCorp, Lupin, Sterlite Industries, Yes Bank, Jaiprakash Power, Arvind, United Phosphorous, Indiabulls Real Estate, Indibulls Infrastructure, Andhra Pradesh Paper, Castrol India, Prisim Cements, Bank of Maharashtra, Rolta India, SKF India, Wyeth, RPG Lifescience, Thirumalai Chemicals, Grindwell Norton, Emco, Axis Capital, Foseco India, Mahindra Composites

Kingfisher Airlines (KFA) crisis continues
-KFA offers to pay 1 month salary in 24 hours
-KFA offers to pay second month salary in 1 week and third month before Diwali

KFA employees say
-Won't join work unless dues cleared
-'We want 4-months salary right now'
-Meeting with management ended inconclusively
-'Management not interested in solving impasse'

KFA CEO Sanjay Aggarwal says
-Committed to bringing KFA back on track
-3 months salary will be paid before Diwali
-Will be fair to give employees few days to get back on offer
-Committed to clearing arrears once airline is capitalised
-Discussions with investors continue on recapitalisation
-Suspension to be revoked once revival plan is submitted
-Out of 4000 employees 3200 still come to work
-'It's a fair offer, should be acceptable to most'
-Lock-out to extend till October 25

Pioneer Distilleries (Stock down 5% yesterday)
- United Spirits to sell 9.35 lakh shares of (6.98% equity) via offer for sale today -Offer for sale price set at Rs 38/share (CMP Rs 48)

Cairn India Q2FY13 consolidated QoQ (cr - crore, vs - versus)
-Net Profit at Rs.2,322 cr vs Rs.3,825 cr
-Income from operations at Rs.4443.1 cr vs Rs.4,440 cr
-Other income at Rs.222.6 cr vs Rs.96.4 cr
-Forex loss at Rs.786 cr vs gain of Rs.866.3 cr
-Board to meet on October 31 to consider interim dividend

Idea Cellular Q2FY13 Consolidated YoY
-Net profit at Rs.240 cr vs Rs.234.2 cr
-Net sales at Rs.5,306.8 cr vs Rs.5,503.7 cr
-EBITDA at Rs.1,422.5 cr vs Rs.1,435.6 cr
-EBITDA margin at 26.8% vs 26.1%
-Avg realisation per minute at 41.3 vs 41.2 paise

DHFL Q2FY13 YoY
-Net profit at Rs 85.8 cr vs Rs 72 cr
-Total income at Rs.818 cr vs Rs.559 cr

Tata Coffee Q2FY13 Consolidated YoY
-Consolidated net profit at Rs.45.8 cr vs Rs.16.4 cr
-Consolidated income from operations at Rs.470.5 cr vs Rs.416.4 cr

Merck Q2FY13 YoY
-Net profit at Rs.26 cr vs Rs.20 cr
-Net sales at Rs.181.2 cr vs Rs.163.4 cr

Phoenix Mills Q2
-Net profit at Rs 33 cr Vs Rs 23.8cr (YoY)
-Net Sales at Rs 66.4 cr Vs Rs 53.8 cr (YoY)
 
Kolte Patil Q2
-Consolidated net profit at Rs 19.6 cr Vs Rs 8.3 cr (YoY)
-Consolidated net sales at Rs 191.7 cr vs Rs 48.8cr (YoY)

Mahindra Forgings Q2
-Net profit at Rs 9.7cr vs Rs 4.1 cr (YoY)
-Net sales at Rs 117 cr vs Rs 112 cr (YoY)

Other stocks and sectors that are in news today:
- Rain Commodities buy Belgian based Rutgers for 702 million euro (Rs 4900 crore)
- Jet Airways offer Mumbai-London flight for Rs 9990 for 18 days from October 29, triggering fresh price war: ET
-Independent directors raise red flag on Holcim Royalty from ACC , Ambuja Cements : BS
-Zee, TV Today in fray to buy NDTV Profit: Mint
- NHPC drops buyback plan: BL
- DB Realty looks to sell 49% stake in Delhi Airport Hospitality SPV having a valuation of Rs 700 crore: ET
-Inclusion in T2T from October 29: Subex , Eveready Industries , Dhampur Sugar , Burnpur Cements
-SEBI to mull common stock filter for all stocks of they slide 8-9%: ET
- MCX to launch steel futures contract on Tuesday

Government sources say
-Group of ministers minutes on land bill may be finalised this week
-Cabinet note to be prepared post minutes circulated

Aviation Ministry says
- Kingfisher flight slots not to be given away yet
-Slots to remain with KFA till licence is suspended
-'Slots important for an airline to attract investment'

PSU land sale sources say
-Fixed at 7% of market value for non-commercial lease of 14 years
-Fixed at 14% of market value for commercial lease of 14 years
-50% of fixed amount to be paid in middle of lease period
-Lease provisions not applicable to PPP projects
-Guidelines for land licensing to be revised
-Government, PSUs to identify surplus land annually
-Policy to be applicable to government departments, PSUs
-TFC, Kelkar committee suggested monetization of surplus government land

Set email alert for
Kingfisher Air Pioneer Distill United Spirits
Cairn India Idea Cellular Dewan Housing
Tata Coffee Merck Phoenix Mills
Kolte-Patil Mahindra CIE Rain Industries
Jet Airways ACC Ambuja Cements
NDTV NHPC DB Realty
Subex Eveready Ind Dhampur Sugar
Burnpur Cement MCX India

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