Here are stocks that are in news today:
Congress sources say:
-DMK withdraws ministers from centre
-DMK to give issue-based support to UPA govt
DMK says:
-Congress demand for 63 seats shows they don't want alliance
-Pulling out of centre as don't want to stay in cabinet
Portfolios in Jeopardy:
-DMK MP, Dayanidhi Maran is Textile Minister
-A Azaghiri is fertiliser minister
-D Napolean is MoS, Social Justice
-S Jagathrakshakan is MoS, Information & Broadcasting
CNBC-TV18 Alert: DMK has 18 seats in the Lok Sabha
Simbhaoli Sugar Q1
-Net sales at Rs 289.3 crore versus Rs 308.3 crore
-Loss of Rs 16.9 crore versus profit of Rs 43.7 crore
-Facing issues with its new 110 cc bike Stallio
-Stallio facing issues of faulty clutch & gear parts
-Looking to modify Stallio & relaunch
-Dealers halt bookings for 110 cc Stallio
-Facing delivery problems with Stallio
-Short supply of parts & components hitting supply
-Likely to push launch of 300 cc bike Mojo to Q3FY12
CNBC-TV18 alert:
-M&M launched Stallio in October 2010
-M&M has sold over 5,000 Stallios since October 2010
-M&M says have completely fixed issues from vendor to end product
Yet to resume full production
Dr Reddy's Labs CNBC-TV18 exclusive:
Dr Reddy's chairman Anji Reddy says:
-We target to sell USD 1billion branded generics in 3 years;
-We currently sell USD 430 million worth branded generics;
-I did an analysis on branded generics;
-Branded generics has lot of demand;
-We'll have major focus on branded generics.
Other stocks and sectors that are in news today:
-Punj Lloyd: Order backlog in Libya worth Rs 3589 crore, 16.77% of revised order backlog
-Sesa Goa to mull Goa HC order on Sesa Industries merger on March 12: NW18
-SBBJ board meet to decide on pricing of the Rights issue of Rs 800 crore
-Hindustan Zinc: Ex bonus 1:1 & Ex split 5:1
-India Infoline: Ex dividend at Rs 3 /share
-Videoconin F&O ban
-OBC hikes deposit rates in 2 tenures by 50 bps
-Bank Of Baroda board approves fund raising upto Rs 3280 crore via preferential allotment to GOI at Rs 902.14 (CMP 884)
-Union Bank Of India board approves fund raising upto Rs 1096 crore on preferential allotment to GOI at Rs 354.9 (CMP 327)
-Onmobile Global board meets on March 07 to consider bonus shares
-L&T to raise Rs 11,400 crore debt from SBI led consortium (ET)
-Coal price hike by Coal India to cost CESC an additional Rs 300 crore annually (BS)
-GMR Energy has raised around Rs 500 crore of debt from PFC to achieve financial closure of its power projects (BS)
-NMDC plans to invest Rs 3309 crore in expansion projects in 2011-12 (BS)
-Ashish Dhawan steps down from ChrysCapital
-Airfares may increase as airlines may be forced to raise the fuel surcharge (ET)
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