Here are stocks that are in news today:
Results today; Abbott, Cambridge, Goodricke Group, Gujarat Gas, Megasoft
Areva T&D Q4
-PAT up 29.2% at Rs 88 crore versus Rs 68.1 crore
-Net sales up 14.4% at Rs 1327 crore versus Rs 1160 crore
-OPM at 13.4% versus 12%
Nagarjuna Construction
-Relocates its power project at Srikakulam due to local protest
-Relocates 1320 MW project to Krishnapatnam; Project cost is Rs 7,000 crore;
-Financial closure expected soon; REC, PFC, SBI, ICICI and other banks to finance it
NALCO update
-CMD & Wife arrested for taking bribe
-Rs 30 Lakh, 10 kg gold recovered from NALCO CMD's house
-NALCO chief Srivastava suspended, B L Bagra is new CMD
Jaipal Reddy says
-Up to ministers' panel to decide on fuel price hike
-To request Finance Ministry for a ministerial meet on fuel price
-Have floated cabinet note on Cairn-Vedanta deal
-Idea is to take cabinet note as soon as possible
-Would like to call EGoM given volatile crude prices
-Advisable for OMCs to wait for EGoM before hiking fuel prices
-Seem to have received formal request from RIL on BP deal
-Should not contrast & compare RIL-BP Deal with Cairn-Vedanta
-No change in govt policy on deregulation of petrol prices
-OMCs continue to have freedom to determine petrol prices
Anil Agrawal on Cairn-Vedanta deal
-Had a very constructive meeting with oil secretary
-Confident of a positive outcome on deal with Cairn
-Deal with Cairn has to go through; evaluating options
Coal India - CNBC-TV18 Exclusive: Sources
-Coal India increases coal prices by 30% w.e.f February 27th
-Coal price hike will affect cement industry, sponge iron industry
2G Scam update:
-Anil sardana Ex-MD Tata Tele went to CBI on Friday for questioning
-Anil Sardana now MD Tata Power
Other stocks and sectors that are in news today:
-RIL formally applies for govt nod for BP deal: Sources
-HPCL chairman says no plans to hike petrol prices right now, already gave consumers a shock with 2 recent hikes
-Bank of Maharashtra board approves preferential issue of Rs 352 crore to Govt
-Aegis Logistics to issue 6.35% equity stake to Infrastructure India Holding Fund at Rs 322/share
-Hero Group co to pledge its shares in Hero Honda with institutional investors to raise about Rs 3500 crore in short-term debt to buy Honda
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