Oct 03, 2011, 09.40 AM IST | Source:

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.

Stocks in news: TVS Motor, BHEL, Cairn, Maruti, Glenmark
Here are stocks that are in news today:

2G Scam
CBI gives clean chit to Anil Ambani – PTI

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

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Maruti Suzuki BHEL Glenmark
Tata Motors TVS Motor M&M
Reliance Comm Future Retail Cairn India
PVR Guj NRE Coke Shah Alloys
CORE Education Energy Dev


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