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Stocks in news: Bharti, Hero, IOC, ONGC, TVS Motor, M&M

Bharti Airtel | Apollo Tyres | Fortish Healthcare | Hero MotoCorp | ONGC | BPCL | IOC | HPCL | Tata Motors | M&M and TVS Motor are stocks, which are in the news today.

September 02, 2013 / 10:45 IST

Here are stocks that are in news today:

Fuel price hike
-Petrol prices hiked by Rs 2.35/l excluding value added tax (VAT) (BPCL, HPCL, IOC in focus)
-Diesel Prices hiked by Rs 0.50/l excluding VAT

IOC says:
-See company's FY14 revenue loss on fuel sale at Rs 76,000 crore
-See PSU companies' FY14 revenue loss on fuel sale at Rs 1.44 lakh crore
-Currently losing Rs 12.12/litre on retail diesel sale

MCX says:
-Venkat Chary resigns as Chairman
-CM Maniar, Prakash Apte, Shvetal Vakil resign as directors
-Chairman Venkat Chary to step down due to age limit criteria
-Lambertus Rutten, PR Barpande resigns as directors
-Earmarked Rs 232 crore for settlement guarantee fund
-Forward Markets Commission (FMC) nominates Santosh Kumar Mohanty as independent director

CNBC Awaaz exclusive economic offences wing (EOW) official:
-Have initiated preliminary enquiry into National Spot Exchange (NSEL) case
-Have collated all required details
-Will summon all NSEL officials including Jignesh Shah soon
-Will also summon directors of all defaulting companies
-NSEL filed complaint against former CEO Anjani Sinha
-Have to complete investigation into NSEL issue within 2 months

August Auto Sales: Tata Motors Y-o-Y
-Total sales at 49,611 units versus 71,826 units
-Domestic sales at 44,717 units versus 67,453 units
-Exports at 4,894 units versus 4,373 units 

August Auto Sales: M&M Y-o-Y
-Total sales at 37,897 units versus 45,836 units
-Domestic sales at 35,159 units versus 42,826 units
-Passenger vehicle sales at 15,821 units versus 21,831 units
-Exports at 2,738 units versus 3,010 units

August Auto Sales: TVS Motor Y-o-Y
-Total sales at 1,55,532 units versus 1,54,647 units
-Total 2-wheeler sales at 1,48,469 units versus 1,50,740 units
-Domestic sales at 1,27,095 units versus 1,35,513 units
-Exports at 27,425 units versus 17,934 units

Considering buybacks in NHPC, NTPC and Coal India: Finance ministry sources say
-Divestment, ETFs to begin once market stabilizes

ONGC Videsh Q1 (Y-o-Y)
-Net profit up 72 percent to Rs 837 crore versus Rs 487 crore
-Crude oil production up 16 percent to 1.335 million tonne
-Natural gas output up 19 percent to 0.807 billion cubic meters

Muthoot Finance
-Public issue of secured and unsecured, redeemable, NCDs opens today
-Face Value of Rs 1000 each, aggregating upto Rs 150 crore, with an option to retain another Rs 150 crore

Annual general meetings today
-Indraprastha Gas
-Wockhardt

Hero MotoCorp: Sources
-Company's Haridwar unit workers call for strike
-No production at Haridwar plant on Friday & Saturday
-Haridwar workers demanding creation of new union body
Alert: Haridwar plant has over 3,000 workers including contract
-Currently, Haridwar plant only company facility with no workers union
Alert: Hero Motocorp has 3 plants; Gurgaon, Daruhera & Haridwar
-Issue arose when management sacked 1 worker on disciplinary grounds

Hero MotoCorp to CNBC-TV18:
-Served show-cause notice to one worker on Friday
-Notice issued for misrepresenting facts
-Handful of misguided workers abstained from work in protest
-Impact on production was very insignificant
-Confident of quick resolution of matter
-Stand firm in adherence to code of conduct
-Issues with workers have been amicably resolved
-All protesting workers have returned
-Despatches from Haridwar plant going on

Banking secretary says:
-A discussed non-performing assets (NPAs), debt recast & financial inclusion with banks
-Advised banks to reduce NPAs
-No consideration for wilful loan defaulters
-Rupee heavily undervalued at the moment
-Have a plan for capital infusion in PSU banks

CNBC-TV18 Exclusive: Govt sources
-Coal Ministry seeks law ministry & Attorney General views on coal banking
Sources say opinion sought on:
-Disposal of surplus coal produced by captive mines
-Whether coal banking permissible under coal mines act?
-Whether govt empowered to frame coal banking policy?
-Whether banked coal can be deemed as transferred to Coal India?
-Attorney General & Law ministry can offer any other advice they want
-BK Chaturvedi panel to submit coal banking report in 30 days

Other stocks and sectors that are in news today:
-Bharti Airtel in talks to acquire Loop telecom: ET
-Cooper Tire says shareholders to vote on September 30 on acquisition by Apollo Tyres: Reuters
-Fortis Healthcare promoter gets 4.07 crore pledged shares released
-Govt appoints MO Rego as Deputy MD, IDBI Bank with immediate effect
-Govt may relax gold import norms soon: Sources

Consumer price index (CPI) data: July CPI industrial workers inflation at 10.85 percent

Gross domestic product (GDP) Q1FY14
-GDP at 4.4 percent versus 4.8 percent (Q-o-Q)
-GDP at 4.4 percent versus 5.4 percent (Y-o-Y)
-Services growth at 6.6 percent versus 6.6 percent (Q-o-Q)
-Services growth at 6.6 percent versus 7.7 percent (Y-o-Y)
-Industry growth at 0.2 percent versus 2.7 percent (Q-o-Q)
-Industry growth at 0.2 percent versus 1.8 percent (Y-o-Y)
-Agriculture growth at 2.7 percent versus 1.4 percent (Q-o-Q)
-Agriculture growth at 2.7 percent versus 2.9 percent (Y-o-Y)
-Construction growth at 2.8 percent versus 7 percent (Y-o-Y)
-Manufacturing sector growth at -1.2 percent versus -1 percent (Y-o-Y)
-Mining growth at -2.8 percent versus 0.4 percent (Y-o-Y)
-Electricity growth at 3.7 percent versus 6.2 percent (Y-o-Y)
-Trade, hotels growth at 3.9 percent versus 6.1 percent (Y-o-Y)
-Private consumption rises by 1.6 percent
-Exports contract by 1.2 percent
-Capital formation contracts by 1.2 percent

first published: Sep 2, 2013 08:33 am

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