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Stocks in news: SBI, LIC, HDIL, ONGC, Oil India
Stocks in news: SBI | DLF | Wipro | ONGC | Harrison Malayalam | Gati | HDIL | Oil India | Gayatri Projects | Hotel Leela Venture | Reliance Communications | Union Bank of India | Syndicate Bank | Dhanlaximi Bank | Religare Enterprise | Acropetal Technologies | IDFC and Elder Pharma are stocks, which are in the news today.
LIC to invest Rs 100 cr in BoM; take its holding to 11% BoM approves fund raising via pref issue of upto Rs 860 cr
DLF Says May take a few more quarters to regain full momentum Remain committed to launching plots Ops continue to face domestic, global macro eco headwinds Macro environment unfavorable with high interest rates & inflation
Wipro Sources Say Could forfeit entire outstanding on Uninor deal Outstanding due on capex investment & it services Outstanding amount from Uninor insignificant Recovered 80-90% of capex investment Uninor contract has clause to cover license cancellation Size of contract scaled down to around $400 m from $500 m 2g decision is unprecedented Contract with Uninor still stays Budgets looking flat at the moment
Other stocks and sectors in the news ONGC disinvestment of 5% via auction process likely this week - ET Mahuaa TV digs a hole in banks book with Rs 700 cr bad loans (IOB, Union Bank, PNB have exposure to the co) - BS Harrisons Malyalam board approves demerger of rubber and plantation biz Japanese firm may buy 30% stake in Gati 's shipping biz - ET HDIL to sell plot in Virar for Rs 800 crore to repay debt - ToI Oil India declares second interim dividend of Rs 10 per share and declares bonus shares in the ratio of 3:2 Gayatri Projects board approves rights issue at 120/sh Hotel Leela Venture to apply for CDR Reliance Communications says tower sale talks progressing well Union Bank of India board to mull issue of pref share issue on Feb 15 Syndicate Bank board approves issue of pref shares to government Dhanlaxmi Bank on austerity drive, cuts salary - BS Religare Enterprise to issue shares to RHC finance on pref basis to raise Rs 405 cr Acropetal Technologies approves amalgamation of Kinfotech & Mindriver IT pvt ltd IDFC board approves issue and allocation of 4.77 cr shares on Pref basis, also approves conversion of convertible pref shares into equity Elder Pharma increases its stake in Bulgaria based Elder Biomeda AD to 100% from 92% Stocks in F&O Ban include Aban Offshore and ABG Shipyard
