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Stocks in news: Mahindra Ugine, ONGC, Hexaware, Kingfisher
SE Investment | Mahindra Ugine | Kiri Industries | Aanjaneya Lifecare | Orchid Pharma | GMR | ONGC | Hexaware | Reliance Industries and Kingfisher are stocks, which are in the news today.
ONGC board -Approves 4 new oil & gas discoveries -Okays Rs 115 crore investment on Heera field redevelopment -To complete Heera redevelopment by December -To pay Rs 6.25/sh interim dividend -Announces 125% interim dividend for FY12 -GoI to receive interim dividend of Rs 4,831.81 crore -Okays feasability report on redevelopment of B-173A field
RIL-To undertake 3-week shutdown of unit at Jamnagar SEZ refinery -To undertake 3-week shutdown of crude distillation unit
Govt sources say -PSU buyback not taken up by cabinet; ministries raise objections -Power, Coal & some DEA departments expressed objections
Other stocks and sectors that are in news today: -Kingfisher safety an issue says DGCA - TOI -Hexaware valued at USD 700 million up for sale, company denies - TOI (News doing the round for a while now and management has always denied the same) -Oil Ministry may deny RIL cost claim, also proposing to refuse to join arbitration proceedings initiated by RIL - Mint -AV Birla group keen to buy 10-15% stake in Bumi Resources - ET (Alert - Tata Power already holds stake and has a supply agreement with Bumi) -Adani Power moves SC to scrap power contract, cites uncertainty in fuel supply, costlier imports - ET -GMR allowed to hike Delhi tariffs by only 3 fold as against proposal for a 7 fold hike, could lead possible revenue loss of Rs 3000 crore to DAIL - ET -Weslpun lead consortium may get Kerala Port Deal - ET -Cinemax shareholders ok 2-for-1 stock split -UltraTech December cement sales up 10.5% at 3.62 mt (YoY) -Orchid Pharma reports successful completion of Phase I study of its novel PDE4 inhibitor molecule, OCID 2987 -Aanjaneya Lifecare board meet on Monday to discuss the modalities for investing/buying out units/undertakings having similar business -Kiri Industries board meet on Monday to mull raising up to Rs 300 crore -Mahindra Ugine board approves transfer of Steel Business of the Company to a wholly owned subsidiary of the company namely M/s. Navyug Special Steel Private Limited, -SE Investment to consider Scheme of Arrangement -F&O Ban: Ruchi Soya and Gitanjali Gems
