Stocks in news: IOC, Nestle, SAIL, Ranbaxy, S Kumar, Suzlon
Nestle India | HUL | NALCO | Cairn India | IOC | SAIL | Kingfisher Airlines | Ranbaxy Laboratories | Videocon Industries | S Kumars Nationwide | UTV Software Communications | Suzlon Energy | Dr Reddys Laboratories | Deccan Chronicle Holdings and Chettinad Cement are the stocks | which are in news today.
March 25, 2013 / 09:44 IST
Here are stocks that are in news today:
Nestle India
-Increases royalty rate at 0.2 percent every year from 3.5 percent to 4.5 percent
-Royalty rate hike staggered over 5 years starting 2014
Nestle India says:
-Only independent directors voted on royalty resolution
-Executive directors recused from royalty resolution vote HUL says:
-No hike in price of Dove Soap 50 gm pack since October 2012
-Reports of Dove soap 50 gm price hike by 10 percent incorrect
-No change in pack size of Lux soap 150 gm
-No change in price or Grammage of Lux soap 150 gm pack
-No SKU of Rin Powder 250 gm pack
Alert: SKU is stock-keeping unit
Alert: Reports of Rin powder 250 gm pack price hiked by 6.7 percent
-Reports of change in price & grammage of Vim bar incorrect
-No change in Wheel powder 1 kg pack price since November 2012
Cairn India says
-Started gas sales from Rajasthan with 0.15 mmscmd initial volumes
-To target several gas prospects in Rajasthan
-JV with ONGC starts oil output from Aishwariya field in Barmer
-See Barmer exploration, development capex at Rs 6,000 crore for FY14
-Barmer block gas approved price around USD 5/mBtu
-Will buy out Cairn Energy's residual 10 percent at some point
-To invest Rs 6,000-10,000 crore over 3 years in Rajasthan
-Target is to have ultimate production of 500,000 bpd
-80 percent of benefit in Rajasthan Barmer field goes to govt
-Govt has to decide on residual stake sale in Hindustan, BALCOIOC hikes retail diesel price by 45 Paise/litre
IOC says:
-Post price hike, loss on retail diesel seen at Rs 8.19/litre
-Hike in retail diesel prices by 45 paise/litre excluding VAT
Alert: Retail diesel prices were last revised by 45 paise/litre on February 16SAIL offer for sale (OFS) fully subscribed
-Gets bids for 24.13 crore shares versus issue size of 24.03 crore shares
SAIL OFS:
-Indicative price at Rs 63.07/share against floor price of Rs 63/shareSources on SAIL OFS:
-LIC bids for close to 35 percent; SBI bids for close to 15 percent
-Largely subscribed by by domestic MFs
-Non-institutional investors bid for 5 crore shares with 100 percent margin
ALERT: SAIL OFS subscribed 100.4 percent; gets bids for 24.13 cr sharesKingfisher Airlines (KFA) Delhi engineers write to Vijay Mallya (Letter dated Sunday)
-Will take necessary actions if no response within 24 hours
-Avoiding payment of salaries is worst form of cruelty
-Employees being held captive to demand for AOP renewal
Alert: AOP is aircraft operators license
KFA Mumbai pilots say
-Encouraged by Vijay Mallya’s meeting with Delhi staff
-Appreciate hard work put in by Vijay Mallya
-Looking forward to take the skies soon
-Will be encouraged if June salaries paid immediately
-Will be encouraged if progress made on refresher training
-Always supported Vijay Mallya & will continue to do so
Karnataka HC postpones KFA & UBHL hearing to next week
Alert: 8 creditors filed winding up petition against KFA & UBHLCoal India (CIL)
-Finance ministry effects excise duty recovery of Rs 750 crore from CIL: PTI
-Coal India board seeks clarifications on draft pact with South Africa’s Limpopo govt on JV: PTI
Alert: Limpopo govt had approached CIL requesting to form JV with one of its public sector firms for acquiring coal mines thereOther stocks and sectors that are in news today:
-NALCO cuts aluminum prices by Rs 2,000/Tonne: Reuters Sources
-Ranbaxy set to get FDA nod on alternative for Novartis’ Diovan, another likely for Roche’s Valcyte: BS
-Videocon planning to retire substantial portion of its debt from proceeds of stake sale from Mozambique gasfiled by end of the month which could fetch company around USD 2 billion: BS
-S Kumar looking to sell Reid and Taylor to reduce debt: ET
-UTV signs 7 year Rs 130 crore deal with ZEE: ET
-Suzlon’s USD 650 million bond issue to hit markets today
-Dr Reddy's settles claims versus Nordion; to get cash payment of USD 22.5 million
-Speed up price pool for gas, PMO to power ministry: FE
-Deccan Chronicle to demerge print unit, scheme to be shared with lenders during the AGM on March 28
-Chettinad Cement fixed delisting price of Rs 720/share
-Geodesic says company's restructuring process in final legs, likely to get completed during 1st half of next week
-Inter-ministerial panel likely to meet today on selection of legal advisor for planned ETF of PSUsDo not intend to levy 30 percent excise duty on Sedans: CNBC-TV18 Exclusive: Govt Sources Say
-Understand need to clarify definition of small utility vehicles (SUVs)
-In process of clarifying definition of SUVs for excise levy
-Two box cars to be treated as SUVs
-Definition of SUVs unlikely on basis of price
-Criteria for ground clearance unlikely to be changed Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
