Stocks in news: Videocon, SBI, TCS, Usher Agro, IBREL, HCC

Here are stocks that are in news today:

Siva Ventures acquired over 8% in Usher Agro
-Siva Ventures almost doubled its holding in Usher Agro over the last three weeks through open market purchases.

Indiabulls Real Estate (IBREL) board okays biz restructuring
-IBREL says to restructure power, infra businesses
-IBREL says to demerge power operations from company
-To merge power operations with arm Indiabulls Infra

HCC sources
-Environment ministry submits report on Lavasa
-Gross violations by Lavasa; difficult to okay project
-Environment ministry to give report to Bombay HC on Tuesday

TCS Q3
-Consolidated net sales at Rs 9,663.35 crore versus Rs 9,286.39 crore (QoQ)
-Consolidated net profit at Rs 2,369.83 crore versus Rs 2,169.21 crore (QoQ)
TCS Q3 US GAAP
-Operating profit at Rs 2,713 crore; up 4.3% (QoQ)
-Operating margin at 28.1%; up 7 bps (QoQ)
-Net profit margin at 24.1%; up 144 bps (QoQ)

TCS says
-October-December pricing up 1.18% sequentially
-Added 35 new clients in Q3
-Q3 volumes up 5.7%; growth led by mature markets
-Hope demand will continue to be strong going forward
-Q3 forex gain of Rs 52.16 crore
-Q3 employee utilisation, including trainees at 83.8%
-Overall attrition in Q3 at 14.4%
-Saw adverse impact of currency movement in October-December
-Continuing to experience currency volatility
-Added gross 20,219 employees in Q3
-Q3 offshore revenue up 30 bps at 51.4%
-Deal pipeline continues to look healthy

Rallis India Q3FY11 YoY
-Revenue up 31% to Rs 271 crore versus Rs 207 crore
-PAT up 40% to Rs 33.69 crore versus Rs 24 crore
-OPM 19% versus 21% 

Zensar Tech Q3
-Cons net profit at Rs 33.9 crore versus Rs 32.5 crore (YoY)
-Cons net sales at Rs 259 crore versus Rs 240 crore (YoY)

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Essar Oil says: From DJ
-In talks with Shell to buy Europe refinery
-Exploring investment opportunity in East Africa
-Aim to have 1 million bbl/day global refining capacity
-To raise Rs 1,133 crore to expand refinery capacity
-May raise 30% of debt in dollar loans
-2 mt refinery expansion to cost Rs 1,700 crore

Naresh Goyal says
-Still waiting for FIPB approval for raising funds
Alert: Jet airways had applied to govt to raise USD 400 million

Sajjan Jindal appointed director of Ispat Industries
-JSW Steel CFO Seshagiri Rao appointed additional director of Ispat

Finance Ministry sources
-Decision on SBI rights issue likely in 4-5 days

PM-Pres Meeting
-Price rise, current political scenario discussed
-Govt strategy on upcoming budget session also discussed

RBI says
-NBFCs must make general provision of 0.25% for standard asset
-NBFCs must not use standard asset provision for NPA calculation
-NBFCs can include standard asset provision in Tier-II capital

Corporate actions
-SAIL: Ex dividend by Rs 1.2
-Siemens: Ex dividend by Rs 5 

RBI to sell Rs 11,000 crore of govt bonds on Jan 21
-RBI to sell Rs 4000 crore of 7.99% 2017, 8.08% 2002 bonds each
-RBI to sell Rs 3,000 crore of 8.26% 2027 bond
-RBI bond sales part of pre-announced OMO to improve liquidity
 
Govt sources to CNBC-TV18
Agri Ministry wants 100% FDI in multibrand retail
-Agri Ministry keen that 50% of FDI be for backend

Agri Ministry:
-Multibrand FDI improves efficiency in retail
-Multibrand FDI to boost farm product exports
-No job reservation for rural youth in FDI outlets
-Planning Commission supports multibrand retail FDI
-More suppliers needed in growth economy
-Fear of job losses is exaggerated

Murli Deora to Network18
-Decision to hike petrol prices taken by oil companies
-These companies are navratnas & are making huge losses'
-Navratnas cannot be allowed to bleed'
-Oil companies had no alternative but to hike prices
-Have sought meeting with FM on Tuesday
-Requesting Finance Ministry to abolish import, excise duty on oil
-CNBC-TV18 alert: Duties were levied in the last budget
TMC also part of decision on decontrol of oil prices

Other stocks and sectors that are in news today:
-GAIL to make part payment to Russian Government held OAO Gazprom over oil block claims (Mint)
-Reliance Industries plans global hunt for shale gas eyeing Australia & Canada (BL)
-Securities in F&O ban: Chambal Fertiliser, Kingfisher Airlines
-Videocon and Tata Communications sign strategic sourcing agreement
-C Mahendra Exports to list on Jan 20