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Stocks in news: India Infoline, Ranbaxy, IOC, REC, L&T Fin

Fresenius Kabi | ARSS Infrastructure | Bombay Rayon | Uttam Galva | India Infoline | L&T Finance Holdings | Man Industries | Jet Airways | HPCL | HCL Technologies | Power Grid | Jaiprakash Associates | Ranbaxy Labs | IOC | REC | Bosch and SKS Microfinance are stocks, which are in the news today.

September 16, 2013 / 10:02 IST

Here are stocks that are in news today:

USFDA issues import alert on Ranbaxy Labs' Mohali unit
Alert: Mohali unit had already got form 483 since May 2012

Petrol rate changes (hiked by Rs 1.63/litre):
-Mumbai: Old rate - Rs 81.57/litre; new rate - Rs 83.63/litre        
-Delhi: Old rate - Rs 74.10/litre; new rate - Rs 76.06/litre     
-Kolkata: Old rate - Rs 81.57/litre; new rate - Rs 83.62/litre        
-Chennai: Old rate - Rs 77.48/litre; new rate - Rs 79.55/litre

IOC says
-Current revenue loss on sale of diesel at Rs 14.50/litre
-FY14 revenue loss on subsidised fuel seen at Rs 82,000 crore
-Raised petrol price due to rupee fall, global crude price rise
-To pass on benefit in 15 days if rupee rise continues

Rural Electrification Corporation (REC)
-Closes its Rs 3500 crore public issue of tranche I of tax free bonds issue
-Issue was supposed to be closed on September 23, 2013, but early closure on over subscription

Muthoot Finance
-Rs 300 crore NCD public issue to end today
-NCD public issue had opened on September 2

Dividend ex-date
-Financial Technologies: Rs 2/share
-United Spirits: Rs 2.50/share

Bosch:
-To suspend manufacturing operations at Nashik plant for three days this week
-To suspend manufacturing operations to adjust production to meet demand
-To suspend manufacturing operations to avoid unnecessary inventory build-up

Forward Markets Commission (FMC):
-Anchor investor's directors on bourse only in line with stake
-Anchor investor can't own over 26 percent in bourse after five years of operations

Association of power producers says:
-Private companies wary of bidding for Orissa UMPP
-Want coal banking policy to be in place before bidding

Chairman of SKS Trust
-Biksham Gujja denies allegations made by certain section of SKS Board
Alert: Certain section of SKS Microfinance board, raises governance of SKS Trust

Other stocks and sectors that are in news today:
-Fresenius Kabi delisting indicative price at Rs 130/share
-Japanese company Nissin in talks to acquire Capital Foods: ET (Future Ventures hold 40 percent stake in company)
-HPCL's Rs 37000 crore Rajasthan refinery likely to get cabinet nod next week: BS
-HCL Technologies, Infosystems may merge, sales team has started working jointly: ET
-PFC chairman Satnam Singh denied extention
-Jet Airways head of commercial strategy KG Vishwanath has put in his papers: Reports (second high profile exit before stake sale)
-National Spot Exchange (NSEL) former company CEO says top officials knew situation was precarious: ET
-Man Industries promoters settle ownership dispute, board approves scheme of agreement involving saw pipes, real estate and infra business
-HUDCO bond issue of Rs 750 crore (option to retain over subscription) opens on September 17, closes on October 14
-Damodaran panel moots scraping of retrospective tax: Reports
-Winsome promoters fail to bring Rs 250 cr for debt recast: FE
-RBI registers L&T Finance Holdings as NBFC-core investment company
-India Infoline to demerge broking business to meet banking norms
-Bombay Rayon denies reports company keeping central bank off books
-Uttam Galva Steel surrenders its two SEZs in Maharashtra
-Sun Pharma arm receives US FDA nod for generic version of Prevacid
-Arss Infra receives World Bank order worth Rs 147.5 crore in Orissa
-HDFC Bank buys additional 42.7 lakh shares in arm HDFC Securities; ups stake to 89.88 percent from 62.06 percent earlier

Power Grid:
-Govt to divest 4 percent stake via company's follow-on public offer (FPO)
-Planned FPO consists of fresh issue of 60.19 crore shares
-Power ministry asks company to appoint merchant bankers for FPO

Telecom minister Kapil Sibal Says:
-Govt to have 11 percent share in planned semiconductor unit
-Two consortiums gave proposal to set up semiconductor units
-1st Chip Fab applicant group including JP Associates, IBM and Tower Jazz
-Investment in 1 Chip Fab unit at Rs 26,300 crore
-2nd Chip Fab applicant group including Hindustan semiconductor, ST Microelectronics and Silterra
-Proposed cost of 2nd Fab unit at Rs 25,250 crore

Consortium led by JP Associates to set up plant in Noida: Sources
-Consortium led by HSMC to set up plant in Gujarat
-Govt to provide upto Rs 5,000 crore interest free loan for Fab manufacturing
-Govt to give 25 percent capex subsidy to Fab units
-Govt will reimburse central taxes levied on Fab units

State Bank of India pays total global income tax of Rs 1,312 crore in 2nd quarter of FY 2013-14
-SBI’s global income tax includes Rs 1,120 crore paid as 2nd installment of advance tax in India for FY 2013-14 and Rs 192 crore a further sum paid at Bank's foreign offices during July-August 2013

RBI
-July services imports at USD 6.62 billion versus USD 6.22 billion (M-o-M)
-July Services Exports at USD 12.94 billion versus USD 12.35 billion (M-o-M)

first published: Sep 16, 2013 08:43 am

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