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Stocks in news: VIP Ind, GMR infra, Maruti, Andhra Cement
Rain Commodities | Bhagyanagar India | Phillips Carbon Black | Siemens | VIP Industries | Hindustan Zinc | GMR infra | GTL | Maruti | IOB | Kotak Mahindra Bank | Andhra Cement and RIL are stocks, which are in the news today.
Results Today: ICICI Bank, Wipro, HUL, BPCL, Colgate, NMDC, Bank of Baroda, Havells India, Dabur, EIH, Alok Industries, Ballarpur Industries, Castrol India, Bata India, United Breweries, Corporation Bank, Dena Bank, Central Bank of India, Oriental Bank of Commerce, Punjab & Sind Bank, Vijaya Bank, IPCA Labs, Indian Bank, United Bank of India, Usha Martin, Canara Bank, Subex, UCO Bank, Gulf Oil Corp, Karnataka Bank, Atlas Cycles, Century Textiles, IFB Agro Industries, Gujarat Pipavav, Gillette, LGB Forge, KSE, Tulsyan NEC, Global Spirits, PITTI Laminations, SJVN, Vimta labs, Century Plyboards, Shanthi gears, Mawana Sugars, Greenply Industries, GTN Industries, Apar Industries, Tulsi Extrusions, 3M India, Raj TV
Kotak Mahindra Bank -Hikes savings rate for deposits over Rs 1 lakh to 6% -Revised savings rate for balance up to Rs 1 lakh at 5.5% -Hikes base rate by 25 bps to 10% -Hikes BPLR by 25 bps to 18.75%
Uday Kotak says -No hike in charges to offset hike in savings rate -Do not see savings rate coming down in the near future -Awaiting RBI guidelines on pre-payment penalties
Maruti Q2: -Net profit at Rs 240 crore versus Rs 598 crore (YoY) -Revenue at Rs 7,537 crore versus Rs 9,147 crore (YoY) -Other operating income at Rs 256 crore versus Rs 170 crore -Maruti board approves land purchase for new facility in Gujarat Maruti says -Q2 output hit on Manesar unit labour unrest
IOB Q2 -Net profit at Rs 207 crore versus Rs 206 crore (YoY) -NII at Rs 1,266 crore versus Rs 956 crore (YoY)
Other stocks and sectors that are in news today: -RIL eyes US refinery Valero, may bid USD 48/sh, valuing the company at USD 27.5 billion - Reports (Brokerages give thump up to such an acquisition) -Anil Ambani sells majority stake in Mudra to Omnicom (Mudra is an advertising company) -GP Goenka to sell Andhra Cement to Dalmia Cements - ET -NMDC may bid for Russian coal co Vincy Coal - Agencies -Debt revamp of GTL put off till November end (BS) -GMR Infra wins 555 Kms Mega Highway project contract for Kishangarh - Udaipur - Ahemdabad Highway -Hindustan Zinc to pay record Rs 736 crore dividend -Stock Split: VIP Industries from Rs 10/sh to Rs 2/sh -Siemens India board approves amalgamation of Siemens VAI & Morgan Construction with self -JSW Steel says Japan's JFE showing interest in joining Bengal project -Phillips Carbon Black board allots 12.5 lakh equity shares at Rs 196/sh ((CMP: 140.50)) -Bhagyanagar India to buy back a maximum of up to 80 lakh shares at maximum offer price of Rs 35/sh ((CMP: 15.30)) -Rain Commodities to buy back a minimum of 60 lakh shares at maximum offer price of Rs 41/sh ((CMP: 31.50)) -F&O Ban: Gitanjali Gems
