Results Today - ING Vyasa Bank, Dewan Housing, Automotive Stamping, Magma FinCorp, Motilal Oswal Financial Services, Reliance Industrial Infra, South Indian Bank, Tata Elxsi, Tata Investment Corp
Telenor, Unitech spar over JV valuations, Unitech calls Rs 600 crore valuation should we worth 20 times more - ET Unitech says: CNBC-TV18 exclusive -Continue to object to Uninor's proposed Rights issue -Company does not require rights issue -Telenor has arbitrarily declined SBI funds -Believe debt funding is still the best option for Uninor -Rights issue being heard by an Arbitration panel -Punjab & Haryana HC order to allow rights issue conditional on the outcome of Arbitration
CMC Q3FY12 -Consolidated net profit at Rs 41.4 crore vs Rs 45.4 crore (YoY) -Consolidated net sales at Rs 396 crore vs Rs 273 crore (YoY) -PAT at Rs 41.3 crore, up 27% QoQ -Margins at 16.2% vs 14.7% -Company added 1,474 employees and 21 clients in Q3
CEA revises gas requirement for Indian power projects -Seeks immediate allocation of 21.80 mmscmd -Recommendation sent to Power Ministry on January 6 -EGOM likely to meet and finalize gas allocation schedule -Gas requirement for projects commissioned by March -6.4 mmscmd for Rel Power Samalkot by March 2012 additional 3.2 mmscmd for Dec 2012 -2 projects of GVK dropped due to gas uncertainty
Other stocks and sectors that are in news today: -IL&FS Investment Managers buys 9.4% in Indiabulls worli property for Rs 200 crore -Govt mulls hike in urea prices ahead of state elections - ET -Cash strapped UB group plans to list W&M overseas - ET -DGH says govt can't stop RIL from recovering D6 costs - ET -RIL plans to pick up 26% stake in leading cable operator including MSO - BS -DCB postpones its Rs 150 crore QIP plans to June - BS -Oil India (OIL) in talks to buy 25% stake in Shale Gas for USD 200 million - Mint -2 key executives of SpiceJet quit even as airline plans to expand - Mint -F&O Ban: Aban Offshore, ABG Shipyard, Gitanjali Gems, Punj Lloyd and Ruchi Soya -Vodafone plans Indian listing despite regulatory uncertainties -GOM meeting on ATF import & FDI next week (PTI) -Govt may slash subsidy on Dap and Potash Fertilisers
