Here are stocks that are in news today:
Tata Steel MD
-Situation was lively at the start of the year but tough now
-Hoping infrastructure issues be addressed post PM's meet
-Reduced capacity for long steel products by 1 MT in Europe
-180 million Euros investment for new blast furnace for Europe
-H1 will be slower than H2 of FY13
-Managing rupee volatility has been a challenge
-Expect European demand at pre-crisis level only in 2017
-On track with USD 2.5 billion capex plan
-Orissa plant to come online in first half of FY14
Reliance Industries (RIL) sources say
-RIL-BP marketing JV to source gas from BP's Australia fields
-RIL-BP seek clarity on sale of gas based on market dynamics
-Willing to wait till budgets, gas pricing is sorted
-Hope to get enough gas from NEC-25, R-Series, Satellite fields
-Gas output guidance doesn't include output from D1D3 of KG-D6
RIL sources say on 4G
-Working to finalise the launch blueprint
-May look at setting up own passive telecom infrastructure
-No timeline yet for launch of 4G telecom services
-Looking to use 4G services in healthcare, security segment
BSE 200 changes effective from June 11
-Include Indiabulls Real, Britannia and Hexaware
-Exclude Shipping Corp, Alstom Projects, Bombay Rayon
Other stocks and sectors that are in news today:
- Cipla says US court rules against company in animal health product case
- NMDC drops plans to acquire stake in Australia phosphate mine Sources
- SBI to cut deposit rates by 25 basis points
- Tech Mahindra shareholders ok merger of Mahindra Satyam with company
- Mudra Life to restructure Rs 475 crore debt ET
-India ups base import price of gold to USD 531 per 10 gm from USD 501
-Khazana, Baring jointly bids for Aegis ToI (Unlisted BPO arm of Essar)
-Pension bill put off to Appease TMC
-Fraport to quit India, company is looking to sell its 10% stake in Delhi Airport
-RGTIL exploring legal recourse in case oil ministry slaps penalties: Sources
