Stocks in news: Fame India, United Spirits, MphasiS, M&M
Fame India | Adani Enterprises | United Spirits | Orient Paper | MphasiS | Cairn India and M&M are stocks, which are in the news today.
March 01, 2013 / 10:07 IST
Here are stocks that are in news today:
Q3 gross domestic product (GDP) at 4.5 percent versus 5.3 percent (QoQ), 6 percent (YoY)
-Farm sector growth at 1.1 percent versus 4.1 percent (YoY)
-Manufacturing sector growth at 2.5 percent versus 0.7 percent (YoY)
-Mining sector growth at -1.4 percent versus -2.6 percent (YoY)
-Construction sector growth at 5.8 percent versus 6.9 percent (YoY)
-Electricity sector growth at 4.5 percent versus 7.7 percent (YoY)
-Industry sector growth at 3.3 percent versus 2.6 percent (YoY)M&M announces 2.4 percent price hike across all small utility vehicles (SUVs) from today
-Price hike on all products except Quanto
Alert: Price hike due to SUV tax announced in Budget
Alert: M&M already hiked prices by 1 percent across models on January 1 Cairn India says
-Sri Lankan subsidiary spud its 4th exploration in country block on February 2
-Well encountered multiple thick high quality reservoir sands, which were not hydrocarbon bearing
-Well was plugged & abandoned; rig is being demobilisedOrient Paper to decide on eligibility of shareholders for allotment of equity shares pursuant to demerger on March 9
Alert: Orient Paper to demerge cement undertaking & plans to give 1 equity share of face value of Re 1 each of Orient Cement MphasiS Q1
-Consolidated net profit at Rs 184.4 crore versus Rs 209.3 crore (QoQ)
-Consolidated net sales at Rs 1,257.1 crore versus Rs 1,306.2 crore (QoQ)Other stocks and sectors that are in news today:
-Competition commission of India (CCI) approves United Spirits-Diageo deal
-Oil companies to hike aviation turbine fuel (ATF) prices by average Rs 2,630/kL from today
-Adani Agro to sell 85 lakh shares of Adani Enterprises via open offer on March 4
-Fame India says shareholders approve merger of Fame Motion Pictures, Big Pictures Hospitality & Headstrong Films with Inox LeisureFinance Minister P Chidambaram on Budget:
-FY14 divestment target of Rs 40,000 crore excludes residual stake sale
Alert: FY14 residual stake sale target at Rs 14,000 crore
Alert: Residual stake sale to include SUUTI, BALCO, others
-Do not think surcharge on rich will promote tax evasion
-May not need tax surcharge in FY15 if growth revives
-Beneficial owner is one who is entitled to benefit of gain
-Tax Residency Certificate (TRC) amendment now brought under I-T Act
-Residency, beneficial ownership are 2 separate conditions
-Need to meet residency, beneficiary norms separately
-Do not mean to spook any section of investors
-'Current account deficit will be contained only when we export more'
-Must aim for 7 percent plus GDP growth in FY15
-Correction in diesel price may keep fuel subsidy low
Commerce Minister Anand Sharma on Budget:
-Do not expect FY13 GDP growth to be below 5 percent
-Expect pragmatic approach in foreign trade policy
-Will not meet FY13 export target of USD 350 billion
-'This is a Budget given under challenging backdrop'Planning Commission deputy chairman Montek Singh Ahluwalia on Budget:
-FM has presented real picture of economy in Budget
-FM has sent out right signals to improve growth
-Slowdown will not be corrected by giving few sopsYashwant Sinha On Budget:
-India is not facing any crisis except one created by UPA
-Tax on super rich reflects inefficiencies of UPA govt
-Rs 9000 crore to compensate goods & services tax (GST) loss a good step
-Quite clear that GST will not be implemented this year
-Nothing in the budget to bring back investor confidenceRBI on Budget:
-Inflation-indexed bond signals commitment to lower inflation
-Govt cash balance around Rs 1 lakh crore
-No separate norms for all-women's bank needed
-Budget creates fiscal space for investment
-Govt's FY14 market borrowing manageable
-Budget sets stage for lowering twin deficits
-Women's bank not to come under new bank licence
-Loan rate subvention for private banks creates level-playing field
-Govt cash balances expected to go up slightly in FY14S&P says Budget announcements not to affect India sovereign rating 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!
