Here are stocks that are in news today:
Results Today: Tata Power, Crompton Greaves, Karur Vysya Bank, Unitech, Welspun Corp, Uflex, DCW, Gillete India, ITI, Purvankara Projects, Jindal Saw, Ansal Housing, Ashoka Buildcon, Bombay Dyeing, Bosch, Capital First, Lumax Industries, Mangalam Cement, Navneet Publications, Nitco, Shalimar Paints, SNL bearing, Bajaj Electricals
NSEL fallout: Sources
-Government decides to bar e-Series contract trading on National Spot Exchange (NSEL)
-NSEL barred from launching any new e-Series contract
-NSEL to seek prior nod to launch e-series contract
-Bar applies to Gold, Silver, Zinc, Lead, Nickel & Platinum
Forward Markets Commission (FMC) asks NSEL to settle small investors' outstandings: Sources
-FMC asks NSEL to settle outstandings below Rs 10 lakh
FMC says
-Exchange responsible to return money to investors
-NSEL needs to disclose details of all warehouses
-FMC prohibits
MCX from undertaking loans/financial assistance without its nod
NSEL-FMC Meet: Sources
-FMC has asked for details of location, quality of stored product in warehouse
-FMC has asked to upload details on website
-FMC has asked for clarifications on Security Guarantee Fund
Jindal Steel & Power (JSPL) on Buyback:
-Have to go through certain process of approvals
-Will take at least 2 weeks to decide on parameters
JSPL says:
-Have reserves of around Rs 11,000 crore on Balance Sheet
-Will use cash from reserves for buyback
Indiabulls Financial alleges:
-
HDIL promoters default on interest payment
-Promoters did not pay Rs 3.3 crore interest on a loan
-Loan of Rs 46 crore was extended by Indiabulls Financial Services
-Goa property was kept as collateral to the loan
-Promoters of HDIL have been named as loan defaulters
-Developments were confirmed by both companies
No takers for Mumbai Trans-Harbour Link (MTHL) project: Sources
-Mumbai's Rs 10,000 crore MTHL project gets no bidders
Alert: August 5 was last day for companies to bid for MTHL project
-MMRDA receives no bids as yet; all 5 bidders backed out
-5 bidders were IRB Infra, SREI, Gammon, GMR-L&T, Tata Realty
-IRB backed out due to govt's inefficiency in Kolhapur project
-Other companies too have backed out due to lack of clarity
Coal India (CIL) union says:
-Decision on strike to be taken after August 15
-Govt assured demands of CIL staff would be discussed
-Discussing the strike issue with Coal India chairman and coal secretary
-Coal secretary, CIL chairman did not attend meeting yesterday
WockhardtWockhardt Vs Maharashtra FDA:
-Rejects charges against company on Dextropropoxyphene
-Did not receive any communication from FDA on May 23
-Was intimated about the ban on June 10
-Considering all appropriate redressal measures
Other stocks and sectors that are in news today:
-SEBI to take a close look at
Holcim deal, feels merger between 2 companies would have been a better option: ET
-RBI pulls
Dhanlaxmi Bank for rise in bad loans, appoint GM of RBI Hyderabad as additional director on board: ET
-BJP sets conditions for support to Insurance Bill, wants 23 percent of foreign investment should be by FIIs: BS
-Govt shelves
BHEL disinvestment plan on valuation, order book concerns
-RBI circular on MNC investing in their down-stream operations or JV could trip
Holcim-Ambuja deal: FE
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Kokuyo Camlin rights issue at Rs 33/share, ratio 14:29
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Reliance Power seeks tariff hike for UMPPs: TOI (seeks 25 percent hike for Jharkand plant)
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Prime Focus: Approves sale of back-end operations to indirect arm for USD 38 million
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eClerx Services to mull buyback on Thursday
Radico Khaitan Q1:
-Net Profit at Rs 22.5 Crore Versus Rs 21.1 Crore (YoY)
-Net Sales at Rs 348.4 Crore Versus Rs 291 Crore (YoY)
Lakshmi Machine Q1:
-Net Profit at Rs 25.4 Crore Versus Rs 33.7 Crore (YoY)
-Net Sales at Rs 402.2 Crore Versus Rs 460 Crore (YoY)
EIH Q1:
-Net Profit at Rs 10.5 Crore Versus Rs 9.5 Crore (YoY)
-Net Sales at Rs 267 Crore Versus Rs 241.5 Crore (YoY)
TD Power Q1:
-Consolidated Net Profit at Rs 5.2 Crore Versus Rs 14.5 Crore (YoY)
-Consolidated Net Sales at Rs 72.6 Crore Versus Rs 153.2 Crore (YoY)
Reliance Broadcast Q1:
-Consolidated Net Loss at Rs 16 Crore Versus Loss of Rs 28.7 Crore (YoY)
-Consolidated Net Sales at Rs 57.4 Crore Versus Rs 47 Crore (YoY)
Firstsource Solutions Q1:
-Consolidated Net Profit at Rs 41 Crore Versus Rs 40.2 Crore (QoQ)
-Consolidated Total Income at Rs 719 Crore Versus Rs 712.5 Crore (QoQ)
Engineers India Q1:
-Net Profit at Rs 129.3 Crore Versus Rs 154.3 Crore (YoY)
-Net Sales at Rs 443.2 Crore Versus Rs 720 Crore (YoY)
Aptech Q1:
-Consolidated Net Profit at Rs 4.7 Crore Versus Rs 15.6 Crore (QoQ)
-Consolidated Income from operations at Rs 42.5 Crore Versus Rs 48.6 Crore (QoQ)
