Here are stocks that are in news today:
Results today: Adani Port, Adani Power, Idea Cellular, Glenmark Pharma, Titan Industries, Bank of Baroda, Union Bank of India, Power Grid Corporation, Cummins, GlaxoSmithKline Consumer Healthcare, J&K Bank, Reliance Communications, Tata Global Beverage, Ceat, Jubliant Life Science, Mangalore Chemicals, PTC India Financial Services, Tata Teleservices, Nelcast, Timken, Triveni Engineering
Fuel price hike
-Petrol: Rs 0.7/litre
-Diesel: Rs 0.5/litre
-Aviation Turbine Fuel: Rs 4,321/kl (6.3 percent)
IOC says
-Company seen losing Rs 68,000 crore in subsidised fuel sale in FY14
-Oil marketing companies' FY14 under-recovery of Rs 1.28 lakh crore
-Under-recovery on retail diesel at Rs 9.29/litre after hike
-Currently losing Rs 33.54/litre on kerosene sale
-International price of petrol up at USD 120/bbl versus USD 117.19/bbl
-Currently losing Rs 412/cylinder on subsidised LPG sale
Financial Technologies and
MCX in focus
-NSEL suspends trading amid fears of default
-NSEL suspends trading in 1-day forward contracts
-NSEL postpones settlement of 1-day forward contracts
NSEL says:
-E-series contract excluded from suspension
-Pending delivery, settlement after 15 days
-Pending contract delivery, settlement merged
-Revised settlement calendar after 15 days
Divestment secretary says
-
Neyveli Lignite (NLC) IPP on August 2; price band set at Rs 58-60/share
-To raise Rs 350 crore from 3.56 percent stake or over 5.58 crore shares
National Fertilisers offer for sale (OFS):
-Subscribed 1.6 times; gets bids for 5.84 crore shares
-Indicative price at Rs 27/share
L&T says:
-No plans to cut 1 percent stake in
L&T Finance Holdings via share sale
-L&T Finance has time till August 10 to meet public float norm
From boardroom -
Andhra Bank says:
-May restructure loans worth Rs 3,000 crore in Q2
-Provision coverage ratio at 45.02 percent as on June 30
-Slippages in Q2 likely to be less than what it was in Q1
-Q2 NIM seen at 3 percent
-Current account, savings account ratio at 24 percent as on June 30
-Deposit growth at 16.8 percent in Q1
JSW Steel to CNBC-TV18:
-Looking to refinance debt worth Rs 5,500 crore
-Expect interest saving of Rs 150 crore via refinancing
-Revised production guidance post Ispat merger
-Have set growth target of 12 percent in FY14
-Five projects commissioned under Ispat
-Expect productivity from projects by next year
-Steel demand to continue to remain sluggish
-Policy uncertainties continues
-Looking to acquire assets to drive growth
Fresenius Kabi challenges SEBI order before SAT: Sources
Alert: SEBI had given conditional nod to Fresenius for delisting
Alert: SEBI said company can delist with pre-OFS level promoter shareholding
Alert: SEBI stipulation would require company to pick up 14 percent from market
Alert: SEBI received complaints over authenticity of OFS
Govt ups base import price of gold to USD 430/10 gram from USD 416
-Govt ups silver base import price to USD 639/kg from USD 638/kg
Govt unlikely to sell SUUTI stake: Finance ministry sources say
-Not keen on selling strategic shares of SUUTI
-SUUTI board meet on August 8 to discuss alternatives
-Alternate plan is to raise Rs 14,000 crore without stake sale
-AMC to leverage SUUTI stake not a feasible plan
Alert: CCEA had approved AMC to leverage SUUTI stake
Shipping ministry:
-Releases new guidelines for fixing tariffs at major ports
-New tariff guidelines to be implemented with immediate effect
Other stocks and sectors that are in news today:
-
Strides Arcolabs (stock down 12% yesterday) receives letter from US FDA for one of its injectibles unit
-
IRB Infrastructure pulls out of Harbour link project
-FCCB holders file winding up petition against
Geodesic: ET
-FIR against
Wockhardt's clearing and forwarding outlets in Maharashtra: BS
Jubilant Industries Q1:
-Consolidated Net Loss at Rs 17 Crore Versus Loss of Rs 7 Crore (YoY)
-Consolidated Net Sales at Rs 220 Crore Versus Rs 246 Crore (YoY)
Cholamandalam Finance Q1:
-Consolidated Net profit at Rs 92 Crore Versus Rs 70 Crore (YoY)
-Consolidated Income from Ops at Rs 752 Crore Versus Rs 540 Crore (YoY)
JM Financial Q1:
-Consolidated Net Profit at Rs 55.5 Crore Versus Rs 35.4 Crore (YoY)
-Consolidated Total Income at Rs 278.3 Crore Versus Rs 244.08 Crore (YoY)
Jagran Prakashan Q1:
-Consolidated Net Profit at Rs 57.8 Crore Versus Rs 49.4 Crore (YoY)
-Consolidated Total Income at Rs 413 Crore Versus Rs 368.5 Crore (YoY)
Religare Enterprises Q1:
-Consolidated Net Loss at Rs 90.3 Crore Versus Profit of Rs 24.2 Crore (YoY)
-Consolidated Income from Ops at Rs 706 Crore Versus Rs 767 Crore (YoY)
OnMobile Global Q1:
-Consolidated Net Profit at Rs 14 Crore Versus Rs 11 Crore (QoQ)
-Consolidated Income from Ops at Rs 189.7 Crore Versus Rs 185.2 Crore (QoQ)
Gati Q1:
-Consolidated Net Profit at Rs 6.7 Crore Versus Rs 39.46 Crore (YoY)
-Consolidated Total Income at Rs 322.2 Crore Versus Rs 287.8 Crore (YoY)
NHPC Q1:
-Net Profit at Rs 720 Crore Versus Rs 669.8 Crore (YoY)
-Net Sales at Rs 1,600.5 Crore Versus Rs 1,399 Crore (YoY)
