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Stocks in news: Novartis, Pipavav, Satyam, DLF, NTPC, REC
Here are stocks that are in news today:
Results today: Exide, Dhampur Sugar, Bihar tubes, Geojit BNP
Bajaj Hindusthan Q1:
-Standalone net sales at Rs 615.4 crore versus Rs 359.95 crore
-Net profit at Rs 85.2 crore versus net loss of Rs 55.9 crore
Bajaj Hind says: from NW18
-See retail sugar prices at Rs 50/kg in June-September
-See cane price rising up to Rs 300
-Not in talks to buy Balrampur Chini
-Doing technical due diligence of 2 South African coal mines
Divestment update:
-NTPC to file DRHP on January 11; NTPC FPO to hit markets in 2nd week of February
-REC to hit markets just before budget, issue between February 19-23
-NMDC to hit markets around March 9-12 and file DRHP on January 25
Maytas Infra: Sources
-Company received Rs 800 crore highway order from IL&FS Transport
-Company plans to concentrate on oil, gas, pipeline projects
-Company to present CDR proposal next week; SBI Caps Advisor
-Company has time till June to present balance sheet; to tap equity investors when Balance Sheet ready
FM Says:
-Union Budget to be tabled in Parliament on February 26
-Unlikely that constitutional amendment bill on GST will be tabled in budget session
Bharti Says: (Akhil Gupta)
-NOC for acquisition of Warid received from Bangladesh government
-Working at finalizing acquisition; hope to make an announcement soon
-Airtel seeing solid growth; subscriber additions at 3 million per month
British Airways - CNBC-TV18 Exclusive Sources Say
-British Airways to introduce $600 million IT contract by April 2010; likely to span across 6 years
-Infosys, TCS, HCL, Wipro, Igate & Polaris likely bidders
Kinetic Motors:
-Net sales at Rs 15.7 crore & net profit at Rs 97.6 crore (change of accounting year; hence no comparable figures)
-Exceptional gain of Rs 97.4 crore mainly on sale of assets
Vintage Cards Q3
-Net sales at Rs 10.7 lakh versus 37.2 lakh
-Net loss at Rs 58.4 lakh versus loss of 181.9 lakh
Board meets today:
-FCS Software on bonus
-DS kulkarni to consider further issue of capital
Forthcoming board meets:
-Excel Infoways on January 14th for fund raising
-Asian Tea on January 12th for acquisition of 100% shares of M/s. Sarita Nupur Vyapaar Pvt. Ltd
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MS Banga
President - Global Foods, Home, and Personal Care Business
Unilever
Right time to move on, Unilever healthy again: Vindi Banga
VVS Murthy
CFO
Dishman Pharma
Dishman Pharma invests $20m in new API facility
T Srinivasa Rao
VP-Finance
Rain Commodities
See better op margins, volumes in CY10: Rain Commodities
Rahul Shah
Executive Director
Nitin Fire Protection
See 20-25% revenue growth in FY11: Nitin Fire Protection
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