Here are stocks that are in news today:
Results Today: Adani Enterprises, Voltas, City Union Bank, India Cements, IFCI, Apollo Hospital, Divis Labs, Hotal Leela, Shriram City Union, SREI Infra, Bayer Corp, Globus Spirits, PC Jewellers I-T Dept slaps USD 106 million tax demand notice on Infosys for FY09-I-T Dept slapped USD 106 million tax demand notice on Infosys on May 2
Alert: Infosys filed tax demand notice details to US SEC
Infosys in SEC filing:
-Company received assessment order from I-T Dept for fiscal 2009
-Company is contesting position in earlier tax cases as well
-Appellate authority to be approached within relevant time limit
-Matters for FY05- FY08 pending before CIT (Appeals), Bangalore
-Believe proceeding not to have material adverse effect on company's financial position Infosys CEO to shareholders
-'Company's journey has not been easy'
-'Our resilience has been put to the test time & again'
-Have overcome challenges that have changed fate of company
-Company relentlessly innovating to stay relevant Naresh Goyal
-To acquire up to 67.09 percent stake from Tailwinds in Jet Airways
-To acquire stake at up to Rs 551.95/Share on May 23 Just Dial IPO
-Issue opens today, closes on May 22
-Price Band - Rs 470-543/share (10 percent discount to the retailer)
-Anchor investors allotted 39.4 lakh shares at Rs 530/share
-Anchor investors include Fidelity Funds, Eastspring Investments, Matthews Asia, HSBC Bank, Swiss Fin Corp
-To have safety net for retail investors, promoters to buy back if stock falls sharply
-No fresh issue; existing investors are selling 25.02 percent of their stake
-CRISIL assigns grade 5/5 Dr Reddys says
-New drug policy to hit company's India formulation sales by 3-4 percent
-Plans in place to tide over impact of new drug policy COAI plans to seek cancellation of 19 GSM permits of Tata Tele: PTI
-COAI says plan to write to Department of Telecommunication (DoT) in next few days to cancel Tata Tele GSM licenses: PTI
CNBC-TV18 exclusive: Hero MotoCorp
-Have seen significant hike in retail volumes in April-May
-Recorded highest retail numbers in April outside festive season
Alert: Hero MotoCorp retailed 5.5 lakh units
-Upsurge in sales on back of Navratri & Gudi Padwa
-Sales momentum boosted by onset of auspicious buying
-Seeing sales pick up across India
-Expect to sustain growth momentum if monsoon good
-5-year warranty on bikes has lifted overall sentiment
-5-year warranty has led to hike in retail market share SBI says: cogencis
-Need to remove regulatory arbitrage on home loans
-RBI should be sole regulator for home loans
-Minimum tenure of deposits should be cut to 3 days versus 7
-Requested RBI to cut minimum tenure of deposits to 3 days Other stocks and sectors that are in news today:
-ING Vysya Bank to raise up to Rs 2,000 crore via preferential issue, QIP
-Tata Motors arm raises Singapore dollar 350 million via 5-year bonds at 4.25 percent
-Tata Sons cancels 5.16 crore share TTML offer for sale
-IDBI looking to sells its stake in SCHIL as company plans to merger with itself objected by other stake holders – TOI
-Yes Bank, RBP group blame each other for Rs 2.4 crore loss caused by hacking of company’s account
-ABB denies delisting plans
-Omaxe OFS on May 21, promoters to sell 50 lakh shares (2.88 percent equity)
-SREI Infra clarifies company not buying Austria arm of Hypo Alpe Adria: cogencis
-Jindal Poly says Allahabad HC okays demerger of company’s investment unit; awaiting formal demerger
-Redington arm refinances USD 78 million loan at lower interest rate
-Coal Ministry not in favour of Coal India stake sale till issues with power producers resolved: PTI
-Jaypee Infratech: SEBI relaxes offer for sale norms for company Dhanlaxmi Bank Q4
-Net profit at Rs 28.7 Cr Vs loss of Rs 86.5 Cr (YoY)
-NII at Rs 69.3 Cr Vs Rs 52.3 Cr (YoY)
-Gross NPA at 4.82 percent Vs 4.19 percent (QoQ)
-Net NPA at 3.36 percent Vs 2.93 percent (QoQ)
-Provisions at Rs 33 Cr Vs Rs 9.7 Cr (QoQ) PTC India Financial Q4
-Net profit at Rs 24.2 Cr Vs Rs 63.3 cr (YoY)
-NII at Rs 30 Cr Vs Rs 20 Cr (YoY) ENIL Q4
-Net profit at Rs 25.7 cr Vs Rs 19.6 cr (YoY)
-Net sales at Rs 102 cr Vs Rs 93.3 cr (YoY)
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