Stocks in news: Shriram Transport, Nestle, Maruti, R Power

Shriram Transport Finance | Nestle India | Abbott India | SKS Microfinance | Jaiprakash Power | Maruti | Videocon Industries | Reliance Power | NTPC | Motherson Sumi and Bharti and Idea Cellular are stocks, which are in the news today.
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Feb 21, 2013, 10.27 AM | Source: CNBC-TV18

Stocks in news: Shriram Transport, Nestle, Maruti, R Power

Shriram Transport Finance | Nestle India | Abbott India | SKS Microfinance | Jaiprakash Power | Maruti | Videocon Industries | Reliance Power | NTPC | Motherson Sumi and Bharti and Idea Cellular are stocks, which are in the news today.

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Stocks in news: Shriram Transport, Nestle, Maruti, R Power

Shriram Transport Finance | Nestle India | Abbott India | SKS Microfinance | Jaiprakash Power | Maruti | Videocon Industries | Reliance Power | NTPC | Motherson Sumi and Bharti and Idea Cellular are stocks, which are in the news today.

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Here are stocks that are in news today:

Budget session of Parliament start today

Results Today: ABB, Gujarat Gas, Gujarat Pipavav

AirAsia in JV with Tata Sons, Arun Bhatia of Telestra Tradeplace: CNBC-TV18 exclusive
-Tata & Bhatia to give local support & expertise to JV
-India JV to have brand name AirAsia; JV management to be Indians
-AirAsia to hold 49 percent, Tata to hold 30 percent, Bhatia to hold 21 percent
-Willing to invest in India; have cash reserves of USD 800 million
AirAsia says
-Chennai to be hub for AirAsia India operations
-Expect Foreign Investment Promotion Board (FIPB) approval in one month
-Expect starting operations by year-end, early next year

Tata Sons says
-Merely an investor in proposed venture with AirAsia for 30 percent stake
-Have no operating role in JV with AirAsia
-Will nominate 2 non-executive directors on proposed JV's board

AirAsia CEO to CNBC-TV18
-To start operations with 3-4 planes; to scale up as per market needs
-Have plenty of aircraft deployed in the market

Shriram Transport Finance block deal
-Book launched late last night
-TPG to sell stake via block deal today
-TPG to sell stake via Newbridge India Investments
-Base size USD 300 million, option to upsize
-Price band Rs 715-755/share
-TPG to have 45 days lock in post today’s block deal
Alert: TPG holds 20 percent stake in Shriram Transport Finance
Alert: TPG's arm New Bridge India Investments holds 20.28 percent stake in Shriram Transport

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Cues: Market crawls towards Budget with no upward triggers

Govt sources say (NW18)
- SAIL divestment roadshows to begin next week
-Empowered group of ministers (EGoM) to decide RCF divestment floor price in 1st week of March

Cabinet meet today
-To consider payment to 6 loss making PSUs including HMT
-May also discuss the proposal for merger of Bharat Heavy Plate & Vessel with BHEL (board has approved the same)

Other stocks and sectors that are in news today:
- Jaiprakash Power Ventures raises Rs 950 crore via QIP
- Maruti 's Manesar & Gurgaon plants to be shut today, declares holiday: Sources
- ONGC in talks to buy Videocon 's 10 percent stake in Mozambique gas field: PTI
-UP govt says no chance of Reliance Power 's Dadri project starting soon: PTI
- Jubilant Life Sciences to transfer 23.13 percent stake to subsidiaries via inter-se
- Hindustan Zinc , BALCO stake sale: Mines Ministry seeks Law Ministry's opinion on selling government stake
- Vyapar Industries open offer at Rs 27.37/share

Competition Commission of India (CCI) meet ends: Sources say
- NTPC 's North Karanpura power project gets go ahead
-North Karanpura power project to be developed on same location
-Coal linkages to North Karanpura project to be restored

Govt sources say:
-6 out of 45 coal blocks cleared
-Remaining coal blocks to be taken up within ministries
-North Karanpura power project to have life of 35 years
-Plant to be dismantled post 35 years; area to be given to Coal India

January telecom data
-India adds 4.03 lakh users as against 6.62 million loss (MoM)
- Bharti Airtel adds 2.29 million users versus 1.70 million loss (MoM)
- Idea Cellular adds 2.45 million users as against 1.97 lakh loss (MoM)
 
Insurance Regulatory and Development Authority (IRDA) imposes fine of Rs 50 lakh on SKS Microfinance
IRDA says
-SKS Microfinance collected over 100 percent higher premium from clients
-SKS Microfinance to remit penalty within 15 days

CNBC-TV18 Exclusive: Sources on Motherson Sumi say
-Factory damaged by protestors
-Noida factory damaged from outside
-Management declares holiday today due to all India strike

Abbott India Q4 (YoY)
-Net profit at Rs 50 crore versus Rs 37 crore
-Net sales at Rs 437.5 crore versus Rs 383.6 crore

Nestle India Q4 (YoY)
-Net profit at Rs 279 crore versus Rs 230.8 crore
-Net sales at Rs 2,153 crore versus Rs 1,954.7 crore
-Nestle India to pay interim dividend of Rs 12.50/share

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Stocks in news: Shriram Transport, Nestle, Maruti, R Power

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