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Stocks in news: Unitech, Sun Pharma, Marico, SRF
Unitech | ONGC | Wyeth | Sun Pharma | Marico | SRF | Sasken Communication | Tata Metaliks and Union Bank of India are stocks, which are in the news today.
Results Today - GlaxoSmithKline Pharma and Thomas cook
Telenor Issues notice to Unitech for damages, compensation Says no future for the JV Will look for a new partner
Unitech Sources Say Telenor's move could be to buy stake at cheap valuations Seems Telenor has found a new Indian partner Possible that Telenor & new partner may bid together SC order can't be considered as our breach of warranties Surprised to receive indemnity claim from Telenor Telenor has violated confidentiality covenants Telenor at best can claim damages from Government of India
CNBC TV18 Exclusive DGH Sources Say KG-D6 gas production to fall to 22.6 mmscmd in 2013-14 RIL informs DGH of next 2 years projected production Examining this as production was meant to be 80 mmscmd Consultations on between oil min & law min
Fin Min Sources Say: ONGC auction likely in March Divestment may see a revival in FY13 through auction route Auction not preferred route, IPO & FPO will remain options NTPC, Coal India, BHEL may see divestments next year
Sun Pharma in Focus Wyeth Seeks $960 m damages from Sun Pharma on generic Protonix Sun Pharma, Teva involved in litigation in US court Submits experts report to court claiming damages Damages relate to at risk launch of Protonix US district court yet to rule on patent misuse Co to provide expert report on assessment of damages
Kingfisher Airlines - losses lower sequentially, fuel costs come off Q3FY12 QoQ Rev down 12% at Rs 1342 cr vs Rs 1528 cr EBITDAR loss (before lease rentals) lowers at Rs 80 cr vs loss of Rs 123 cr EBITDA loss at Rs 352 cr vs loss of Rs 372 cr Net loss lower at Rs 444cr vs loss of Rs 468cr Fuel costs lower 9.5% at Rs 738.8 cr vs Rs 816 cr
DOT Issued guidelines on spectrum policy (not pricing), M&A norms, license fees, and spectrum sharing Deferring final decisions on some key issues around spectrum pricing, refarming, and 3G roaming Indicated April 12 as the new deadline for the final policy (and spectrum pricing to be a part ofit)
Vodafone Says Welcomes introduction of a uniform licence fee Supports government's decision to delink spectrum, licence Support allowing licensees to acquire spectrum via auctions
Bharti Airtel Says Guidelines to benefit telecom sector in the long run Uniform licence fee will avoid any arbitrage opportunity Hope government will cut licence fee to 6% over 2 years M&A norms an encouraging step
Other stocks and sectors in the news Marico to acquire Paras personal biz from Reckitt Benckiser, deal size not revealed SRF announces closure of buy back; buys back 3.08 lakh shares worth Rs 90 cr Sasken Communication board meets today to consider share buyback Tata Metaliks board meet today to consider preferential issue of shares 3G roaming dispute: TDSAT to hear case today EGoM likely on Feb 24 to look into gas allocation PSUs to cut ATF price by average Rs 354.32/kl w.e.f Thursday Union Bank of India board Okays share issue to LIC to raise up to Rs 355 cr via pref share allotment Stocks in F&O Ban - Alok Textiles, Aban Offshore and ABG Shipyard Sources Say S Narsing Rao selected as new CMD of Coal India
Cox & King says not looking to buy Thomas Cook India - BS MCX IPO (Financial Tech in focus) Price band Rs 860-1032/sh Issue opens of Feb 22, closes on Feb 24
