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Stocks in news: Gitanjali, Hero Moto, Spanco, Gujarat Gas

Gitanjali Gems | BHEL | Hero Motocorp | Kingfisher Airlines | Spanco | SKF India | Shriram Transport Finance | Gujarat Gas and GVK Power are stocks, which are in the news today.

February 22, 2013 / 09:44 IST
     
     
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    Here are stocks that are in news today:

    Central Electricity Regulatory Commission (CERC) to shortly finalise orders in Tata, Adani cases: PTI
    Alert: Companies sought higher tariff for electricity for projects in Gujarat
    Alert: Companies sought higher tariff for 4,000 MW for Mundra project
     
    Oil Ministry proposes rostering of KG-D6 Gas: PTI
    -Oil Ministry roster supplies to ensure better availability of fuel: PTI

    Govt sources say: DJ
    -India likely to import 10 mt of iron ore in FY14
    -FY14 iron ore export may be at 3-4 mt versus 30 mt (YoY)
    -See sharp fall in iron ore exports due to mining bans

    GVK Power says
    -Sees financial closure of Australia mining project by December
    -Focus on completing under-construction projects
    -Captive Jharkhand coal mines to begin operations in October

    Steel Ministry official says: PTI
    -No need to hike import duty as imports have not reached an alarming level
    -Steel Ministry official says imports have not gone up significantly & fear of steel makers is unfounded

    Also Read
    FII dependence fuels worry, market may dip further
    Bull's eye: Buy Shriram Transport, Wockhardt; short HDIL

    Gujarat Gas Q4 (YoY)
    -Consolidated net profit at Rs 70 crore versus Rs 24.6 crore
    -Consolidated net sales at Rs 756.5 crore versus Rs 641.4 crore

    SKF India Q4 (YoY)
    -Net profit at Rs 32.2 crore versus Rs 40.4 crore
    -Net sales at Rs 513.4 crore versus Rs 593.1 crore

    Other stocks and sectors that are in news today:
    -RBI has softened its stance on allowing real estate and brokerages to apply for banking licenses. Final guidelines by the end of the month: BS
    -Kingfisher Airlines (KFA) says demand on company referred to in reports set aside by ITAT (Income Tax Appellate Tribunal)
    -Shriram Transport block: TGP sells 2.3 crore shares at Rs 717 per share (Rs 1,650 crore)
    -Spanco defaults on salary: ET
    -Realtors, brokers set to be allowed to apply for banking licence: BS
    -Smaller banks like Oriental Bank of Commerce, Union Bank of India and Corporation Bank close to recovering dues from KFA: BS
    -Hero Motocorp union may decide on hunger strike and stoppage of work if wage talks fail today: BS
    -Cabinet approves merger of Bharat Heavy Plate & Vessels with BHEL
    -Gitanjali Gems okays raising funds via Foreign Currency Convertible Bonds (FCCBs), issue to open on Monday

    first published: Feb 22, 2013 08:29 am

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