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.

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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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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Shriram Trans SAIL Rashtriya Chem
HMT BHEL Jaiprakash Pow
Maruti Suzuki ONGC Videocon Ind
Reliance Power Jubilant Life Hind Zinc
Vyapar Ind NTPC Coal India
Bharti Airtel Idea Cellular SKS Microfin
Motherson Sumi Abbott India Nestle


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