Stocks in news: Idea Cellular, RComm, Hero, IOC, Glenmark

Here are stocks that are in news today:

Results Today: Bank of Maharashtra, HCC, Siemens, Jubilant Foodworks, PFC, Punj Llyod, Sun TV Network, Suzlon Energy, Bajaj Corp, Berger Paints, Deepak Nitrate, ICRA, Just Dial, KEC International, Redington India, Shasun Pharma

IOC (CMP Rs 196): CCEA approves 10% divestment
CNBC-TV18 IOC says
-IOC divestment is Govt's call but this not right time
-'All investors have supported our bond issue'
-Sentiment not good with rupee depreciation, rising under-recoveries
-Have not heard from govt on hiking diesel prices monthly by more than 50 paisa

Former oil secretary SC Tripathi to CNBC-TV18
-'This is not a good time for IOC's Divestment'
-10% divestment in IOC is neither here nor there
-Govt should privatise either HPCL Or BPCL

Govt to sell its stake in 3 companies
-State Trading Corporation (STC), ITDC & Neyveli Lignite Corporation (NLC) - tomorrow to raise around Rs 380 crore
Govt:
-Sets floor price for STC offer for sale (OFS) at Rs 74/share
-Sets floor price for ITDC OFS at Rs 70/share  

Jet-Etihad to submit revised deal incorporating conditions set by govt
Etihad says: From Reuters
-Deadline for Jet Airways deal extended till August-end
-Confident that deal with Jet Airways will be concluded

Other stocks and sectors that are in news today:
-NLC disinvestment through institutional placement programme (IPP), govt to raise Rs 350 crore
-Power Grid board Approves FPO of 69.44 crore shares
-L&T may raise IDPL road projects to raise Rs 2500 crore: ET
-NTPC eyes distressed assets to supplement capacity growth
-NSE to shift 11 Scrips including Nitco & Amar Remedies to T2T segment
-SC cases: Sterlite Vs State of Orissa; Jaiprakash State Ventures; Essar steel hearing; Hindalco Industries Vs State of MP & Orissa
-Hero MotoCorp: Total sales at 4.87 lakh units vs 5.02 lakh units (MoM)
-Honda Motorcycle: Total sales at 2.87 lakh units vs 2.52 lakh units (MoM)
-Eicher Motors: Total sales at 3,150 units vs rs 3,303 units (MoM)
-Ashok Leyland: Total sales at 8,739 units Vs 6,967 units (MoM)
-Union Bank says have sought Rs 3,000 crore from govt through preferential allotment
-DIPP sources say FDI press notes likely in a day or two
-SC to hear CBI plea to cancel Unitech MD Chandra’s bail in 2G case on Friday
-Govt allows duty-free import of rice bran till September 30

Glenmark Pharma Q1
-Consolidated Net Profit at Rs 128.7 Crore Versus Rs 78.3 Crore (YoY)
-Consolidated Revenue at Rs 1,238 Crore Versus Rs 1,041 Crore (YoY)
-Consolidated EBITDA at Rs 248 Crore Versus Rs 165.2 Crore (YoY)
-Consolidated OPM at 20 percent Versus 16 percent (YoY)

Timken India Q1:
-Net Profit at Rs 12.1 Crore Versus Rs 6.9 Crore (YoY)
-Net Sales at Rs 168.3 Crore Versus Rs 169.1 Crore (YoY)

Idea Cellular Q1:
-Consolidated Net Profit at Rs 462.7 Crore Versus Rs 308.2 Crore (YoY)
-Consolidated Revenue at Rs 6,539 Crore Versus Rs 6,061.4 Crore (YoY)
-Consolidated EBITDA at Rs 2,076 Crore Versus Rs 1,673 Crore (YoY)    
-Consolidated OPM at 31.8 percent Versus 27.6 percent (YoY)

Idea Says:
-To issues shares up to Rs 3,000 crore via QIP
-To issue shares up to Rs 750 crore to Axiata group via preferential issue
-Voice minutes expanded by 12.5 percent to 14,730 crore (YoY)
-Subscriber base at 12.5 Crore as on June 30
-Data Volume Growth at 92.2 percent to 1,380 Crore MB (YoY)
-VAS Contribution at 16 percent Versus 15.2 percent (QoQ)
-ARPM improved by 2.5 paisa/min to 43.7 paisa/min

Reliance Communications Q1:
-Consolidated Net Profit at Rs 108 Crore Versus Rs 303 Crore (YoY)
-Consolidated Total Income at Rs 5,315 Crore Versus Rs 5,956 Crore (YoY)
-Consolidated EBITDA at Rs 1,604 Crore Versus Rs 2,218 Crore (YoY)
-Consolidated OPM at 30.2 percent Versus 37.2 percent (YoY)
-Wireless Biz Revenue at Rs 4,816 Crore Versus Rs 4,626 Crore (QoQ)
-RPM Up 4 percent at 45.7 Paisa (QoQ)
-Total Data Traffic Up 14 percent at 3,105 Crore MB (QoQ)
Reliance Communications says:
-Data Usage per Subscroreiber at 342 mb as on June 30

TTML Q1:
-Net Loss at Rs 127 Crore Versus Loss Of Rs 115.2 crore (QoQ)
-Net Sales at Rs 666 Crore Versus Rs 669 Crore (QoQ)

Power Grid Q1:
-Net Profit at Rs 1,040 Crore Versus Rs 870 Crore (YoY)
-Total Income at Rs 3,560 Crore Versus Rs 2,888 Crore (YoY)
-EBITDA at Rs 3,059 Crore Versus Rs 2,465 Crore (YoY)
-OPM at 85.9 percent Versus 85.3 percent (YoY)
-Other Income at Rs 74 Crore Versus 235 Crore (QoQ), Rs 91 Crore (YoY)

Mangalore Chemicals Q1:
-Net Loss at Rs 12 Crore Versus Loss of Rs 12.5 Crore (YoY)
-Net Sales at Rs 607 Crore Versus Rs 597.7Crore (YoY)

PTC India Q1:
-Net Profit at Rs 24.5 Crore Versus Rs 23 Crore (YoY)
-Total Income from operations Rs 86.2 Crore Versus Rs 60.2 Crore (YoY)

CNBC-TV18 Exclusive: Sources on Tata Motors:
-Company restructures passenger vehicle biz in backdrop of falling sales
-Company merges verticals across products, regions
-Tata Motors merges 4 product - specific verticals into 1
-4 product verticals including Nano, UV, Fiat, Cars merged
-Company merges 4 regional divisions into 2 national sales divisions
-Creates new verticals of marketing, sales, service & network
-Former GM executive Ankush Arora gets larger role in revamp
-Apart from strategy wing, Arora to now head sales, marketing, services
-Company appoints Asheesh Dhar as national sales head (west, south)
-Company appoints Amit Sagar as national sales head (East, North)
-Changes effective from July 1
-Changes are 2nd major revamp since Karl Slym took charge
-Ankush Arora to also take care of marketing, sales, SVC, network

MTNL says:
-I-T department issues refund order to company for AY06-07
-Refund receivable from I-T dept is Rs 623.2 crore

Sources on NSEL Issue:
-SEBI holds meeting with exchanges, large brokers yesterday on issue
-SEBI wanted to ensure no payout pain in stock market due to issue
-SEBI wanted to ensure no contagion effect of NSEL

Centre may hike import duty on e-Goods: Govt sources
-Duty hike to cover some IT & telecom products
Alert: Currently many product categories at 0 percent duty
-Duty hike on items not under I-T agreement of 1991
-Electronic imports at USD 31.2 billion in 2012-13
-USD 13-14 billion of electronic imports can be targeted
-FTAs have clause on value addition in country of import
-Hike in duties possible if no significant value addition
-Hike in import duties on auto sector not viable
Alert: Auto sector imports at USD 14.2 billion in FY13
-May consider hike in iron, steel imports
Alert: Iron, steel imports at USD 11 billion in FY13