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Stocks in news: Piramal Health, Assam Co, Syndicate Bank
Piramal Healthcare | Assam Company | Uttam Galva | Lloyd Steel | Dena Bank | Syndicate Bank | SAL Steel | Hindustan Motors | Dr Reddy's Labs and Kingfisher Airlines are stocks, which are in the news today.
Results Today - HUL, Adani Port and Sez, Adani Power, Nalco, Glaxosmithkline Consumer Healthcare, MOIL, India Cements, Jubilant Lifesciences, Dena Bank, Trent, BGR Energy, Bajaj Electrical, Zydus Wellness, NCC, Texmaco Rail, Merck, Hanung Toys, Electrosteel Steel, Gujarat Industries Power Company, Elgi Equipments, Gulf Oil, Kesoram Inds, India GLycol, Siyaram Silk, Transformer & Rectifiers, Fedders Llyod
Dr Reddy's Labs to CNBC-TV18 -Zyprexa generic contributed USD 99 million in Q3 -Have several significant product launches lined up -Global Generics grew 57% in Rupee terms YoY -US grew 133% YoY
Kingfisher Airlines -KFA's OneWorld global aviation alliance plans put on hold -Company need more time to resolve financial issues
Coal Ministry sources -To soon notify competitive bidding of coal blocks -Rules for competitive bidding of coal blocks finalized -Coal regulator bill being finalized by law ministry -Coal regulator bill in budget session of parliament -Want stowing excise duty be kept out of GST -Reduce customs duty on project imports -Abolish 5% duty on imported Thermal Coal
TRAI -Starts process for 2G spectrum auction -Asks stakeholders for suggestions on 2G auction -Sets February 15 deadline for suggestions on 2G auction -No extension of deadline for suggestions on 2G auction
Telenor says -To write down USD 714 million related to licenses, goodwill in India -Remaining account exposure related to India is USD 408 million as on December 31 -Write down will be included in company's results for Q4 -Company want to be clear that Uninor operations are continuing -Intent to fight for protecting lawful investments -Norwegian Government monitoring situation -Norway to look for solutions to secure investment in India
Banking Secretary says -Rs 7,500 crore of Telco loans backed by non-telecom collateral -Non-telecom collateral are clean and non risky -Of balance Rs 2,500 crore, some loans are to IDEA & Tata Tele -Rs 1,000 crore of bank loans to Telcos may be impacted
Other stocks and sectors that are in news today: -Piramal Healthcare acquires further 5.5% stake in Vodafone India, ups stake to 11% -Subramanian Swamy's Plea against Chidambaram dismissed -Clampdown on forex deals partially lifted - ET -Assam Company plans to sell some tea assets to repay overseas lenders - Mint -Uttam Galva promoters pick up 24% stake in Lloyd Steel, invests Rs 189 crore - DNA -Minority shareholders raise concerns over iGate-Patni merger - ET -LIC may bail out fund-starved banks - ET (Dena Bank and Syndicate Bank amongst the first to sell shares to LIC in next few months) -SC panel suggests cancelling 49 mines in Karnataka for violation - ET -SAL Steel board approves preferential allotment of 3.2 crore convertible warrants to strategic investors -Gujarat Borosil to issue 90 lakh shares at Rs100/sh on preferential basis to Borosil Glasswork -Hindustan Motors special committee proposes preferential issue of 1.18 crore shares at 12.25/sh to Amer Investments subject to approval
