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Stocks in news: TVS Motor, BHEL, Cairn, Maruti, Glenmark
Energy Development | Core Education | TVS Motor | Gujarat NRE Coke | Infosys | PVR | Cairn | Pantaloon Retail | M&M | Maruti | Tata Motors | BHEL and Glenmark are stocks, which are in the news today.
Maruti Update -Labour unrest at Manesar plant ends on October 1 -Workers agree to sign good conduct bond -44 workers still suspended -Disciplinary action to be taken against 44 suspended -18 trainees conditionally taken back
BHEL : Stock Split from Rs 10/sh to Rs 2/sh **BHEL files stake sale document with SEBI
NJ Court Rejects Glenmark 's claim of double patenting of Tarka -Glenmark may stand to lose up to USD 16 million as penalty to Abbott -Glenmark may look to appeal against lower court decision
Mukesh Ambani to CNBC TV18 -Global macro environment challenged -Challenge relative to US, Europe, Japan, China -This decade is india's decade, if we get our act together -India can be fastest growing economy globally in 2011-22 -Believe that India can shine despite sluggish global growth -Oil companies hike jet fuel prices by Rs 889 per kl with effect from midnight September 30th
Chanda Kochhar to CNBC TV18 -Need to bring in long-term funding -Banks must be able to take initial implementation risk -Infra debt fund concept to fill in gap in infra financing
Deepak Parekh To CNBC TV18 -Investors disappointed at India's performance this FY -Emerging markets still an important destination -Investable resources from foreign investors have hiked -India caught up in muddle of scams & its own problems
Kapil Sibal says -To announce IT, electronics, telecom policy in October -Telecom secretary says in talks with Finance Ministry on broadband spectrum auction
Maruti September sales: -Maruti says Manesar unit stir adversely hit September sales -Total sales down 21% at 85,565 units (YoY) -Exports down 47.5% at 6,749 units (YoY)
Tata Motors September sales: -Nano sales down 47% at 2,936 units (YoY) -Total sales up 22% at 78,786 units (YoY) -Total exports up 23% at 6,220 units (YoY)
TVS Motor September sales: -Exports up 27% at 25,973 units -Total sales up 17% (YoY); motorcycle sales up 12%
Other stocks and sectors that are in news today: -M&M: September total sales, excluding tractors up 25.5% at 44,137 units -Govt may allow 100% FDI in Single-Brand Retail - ET (at present 51% FDI is allowed) -FDI in FM Radio raised to 26% from current 20% -Reliance Communications has asked govt to defer its plan to impose financial penalties on company & refer the revenue issue to TRAI (ET) -Pantaloon Retail to consider options of raising funds through rights issue, preferential issue & QIP -Cairn strikes gas in Sri Lanka - Reports -PVR to invest Rs 70-75 crore in bowling alley business across Bangalore, Pune, Chennai & Mumbai -Shashun promoters to sell part stake to bring down debt ((Promoter Stake: 46.45%)) -Gujarat NRE Coke in race to acquire steel maker Shah Alloys & defers FCCB plans (DNA) ((Gujarat NRE Coke holds: 4.9%)) -Infosys bags Rs 700 crore Postal Contracts - BS -TVS Group lines up Rs 1800 crore for wind energy project - BS -Tata Power In plans to raise fund through the sale of non core assets - FE -Core Education & technologies approves allotment of 1.6 lakh shares on conversion of FCCB's -Energy Development co enters in a contract with Uttrakhand Jal Vidhyut Nigam for EPC projects worth Rs 22.47 crore -F&O Ban: Gitanjali Gems
