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Stocks in news: NIIT, RIL, Maruti, HCC, NMDC, TCS
NIIT | RIL | Moser Baer | Electrotherm | Maruti | HCC | Rain Commodities | RTS Power | Bank of Baroda | NMDC and TCS are stocks, which are in the news today.
Results Today: TCS, HDFC, ING Vysya Bank, Zee Entertainment, IFCI, Magma Fincorp, Mindtree, Nelcast, Peninsula Land, Automotive Stampings, Persistent Systems, Morarjee Textiles, Motilal Oswal Financial, Mahindra Lifespace, Granules India, South Indian Bank, Elgi Rubber
CBI conducts search at NMDC's office in Bellary -CBI examined documents over alleged illegal mining by DMS in NMDC areas -NMDC Is National Mineral Devevelopment Corp -DMS is Deccan Mining Syndicate -Alleged that DMS encroached NMDC's mining areas
Tata Motors September Global sales - -Very strong global sales again due to new launches like Land rover Evoque and Jaguar XF doing well in main market of UK -Geography wise, China saw the best growth again with Jaguar sales up 157% in China and Landrover sales up 85% in China MoM -September global wholesale sales up 22.6% at 107,258 versus 87459 units -September global JLR sales up 30% at 27639 versus 21242 units -September Jaguar sales up 62% at 5525 versus 3409 units -September Landrover sales up 24% at 22114 versus 17833 units
Geographical contribution -China saw the best growth with Jaguar sales up 157% in China and Landrover sales up 85% in China -India saw Jaguar sales up 63%, Landrover up 155% -Russia saw 16% jump in JLR sales -Brazil saw 55% growth in JLR sales
MoEF on Lavasa Refuses to grant green nod to phase I till preconditions met MoEF Says -Pre-conditions have not been complied with -Unable to issue clearance to phase I of hill city project -Final decision on clearance after pre-conditions met -Final decision subject to final orders of bombay HC
Lavasa says -Disappointed with environment ministry order -After 11 months of delay, MoEF has evaded grant of clearance -Reasons given for clearance delay 'not good enough'
Maha govt issued environment clearance to company in 2004 -MoEF-appointed committee also recommended clearance -Committee recommendations accepted by MoEF in June -First time in history of MoEF, pre-conditions were imposed -Have complied with all pre-conditions -Move by MoEF 'highly discriminatory, unjust'
Ajit Gulabchand says -Request the cabinet to please intervene -Appeal to the PM to intervene' -We will take this matter to Bombay HC on October 18' -Local community in Lavasa has been hit
Maruti Suzuki Update -Maruti Suzuki workers to hold a rally today -Trade unions & workers of 45-50 Companies in the Manesar belt to join rally -25 workers suspended by Maruti Suzuki on October 14
Exclusive IOC says -Very transparent process for calculating under-recoveries -Under-recoveries calculated as per formula given by Finance Ministry -'Wrong public perception we're making supernominal profits' -Currently make profit of only 56 paise/l on petrol -Have not received any compensation for the year -Current marginal under-recovery on petrol 33 paise/l -Dollar has depreciated by Rs 3.50 in last 45 days -Would've reduced petrol prices if not for dollar depreciation -Have asked upstream companies to defer payments for crude -Asked upstream companies to defer payments till compensation got -GoI yet to indicate when OMCs will receive Rs 15,000 crore -Suggested to Finance Ministry petroleum should be part of GST
Other stocks and sectors that are in news today: -Listing Today: One Llife Advisors Capital issue price: 110/sh -Rain Commodities board to approve buy back of shares in the board meet on Oct 25 -Jet fuel prices cut marginally by Rs 325/Kl -Land Acquisition Bill may not hit the parliament soon: BS -RTS Power approves allotment of 3.8 lakh equity shares at Rs 36/sh ((CMP: 30.50)) -States have decided to impose 4 - 5% VAT on sugar and textiles from next fiscal - BS -LIC hikes stake in BoB to 7.12% from 4.67% -Wholesale sugar prices up 3-5% head of festive demand - ET -Finmin mulls raising cap for FII investment in infra bonds from current USD 5 billion - ET -Maruti's component makers suffer Rs 1400 crore loss on Manesar unit (ET) -AEG, Electrotherm to call off solar business deal, as companies cite poor demand from corporates & state govt (ET) -Moser Baer staff strike over bonus demands (BS) -RIL to suspend drilling for oil & gas until revaluation & fresh plan is submitted to govt (Mint) -NIIT approves divestment of entire holding in its subsidiary NIIT Ventures for USD 110 million (M-cap:Rs 719cr, CMP: Rs 43.60) -F&O Ban: ABG Shipyard, Gitanjali Gems
