Stocks in news: ING Vysya Bank, HOEC, Fresenius Kabi, Jet

Here are stocks that are in news today:

Results Today – L&T Finance Holding, Shriram Transport Finance, KPIT Cummins, Coromandel International, Century Textiles, 3M India, Gujarat Heavy Chemicals, Greenply Industries, Dewan Housing, Mahindra Forgings, India Infoline, Tata Elxsi

RBI releases revised scheme for import of gold
-Rationalises import of gold in any form/purity including coins
-At least 20 percent of imported gold must be used for exports only
-80 percent of gold imports must be used for entities in jewellery business
-All auctions to be held under uniform price method
-New gold import norms not for SEZ units, star trading houses
-Gold importers must keep 20 percent in customs bonded warehouses
-Fresh gold import only after 75 percent gold in warehouse exported

Finance ministry mulling restricting sale of gold coins by banks: Sources
-Restriction on gold demand to moderate current account deficit (CAD)
-Finance ministry mulling measures to ease cash flow for gold jewellery exporters
-RBI may consider guidelines for earmarking bank sales to exporters
-RBI set to issue further clarifications on gold imports soon

RBI says:
-Money from exports until September 30 to be repatriated in 9 months
Alert: RBI cut repatriation time from 12 months to 9 months in May 2012

SEBI gives green signal to Fresenius Kabi for delisting
SEBI on Fresenius Kabi:
-Order shall not hinder company’s voluntary delisting plans
-Delisting process must be completed in 3 months
-Pre-offer for sale (OFS) shareholding to be applicable for delisting
-If delisting not completed in 3 months, promoters & directors to be barred from dealing securities
-Interim order w.r.t non-compliance with minimum public shareholding (MPS), stays in effect
-Voting rights, corporate benefits continue to stay frozen
-Shareholders, directors barred from holding new position in listed company

CNBC-TV18 Exclusive: Jet Airways-Etihad deal
Aviation ministry rebuts malpractice charges in Heathrow slot trade
Sources say:
-Slots at Heathrow can be traded after 2 years of allotment
-Govt has no role in slot allocation at Heathrow airport
-Jet obtained FEMA nod from RBI before selling slots
-Air India operations at Heathrow not impacted by slots sold by Jet
-Air India utilising only 2 out of 4 slots at Heathrow airport
Alert: Jet sold 3 slot pairs at Heathrow to Etihad for USD 70 million

Bombay HC adjourns hearing in Bajaj Auto case till August 23
Alert: Case filed by Bajaj Auto management against workers on strike

Bayer CropScience:
-To buy back up to 28.7 lakh shares
-Fixes buyback price at Rs 1,580/share

Coal ministry issues showcause notices
-Notices issued to Jindal Steel & Power (JSPL) and Gagan Sponge: PTI
-Notices for delays in developing blocks: PTI

Other stocks and sectors that are in news today:
-Delhi High Court to continue hearing in Merck-Glenmark Case today
-2G case update: Anil Ambani summoned as CBI witness on July 26 by 2G courts: PTI
-L&T to sell 1 percent stake in L&T Finance Holding to meet MPS
-UK opens Diageo-United Spirits deal for competition review: PTI
-Best Eastern promoters to sell 14.6 percent shares via offer for sale on Wednesday
-Indiabulls Housing Finance (after merger of Indiabulls Financial Services with self) to list today
-Reliance MediaWork ex-date for rights in ratio of 13:4
-Torrent Pharma ex-date for bonus in ratio of 1:1
-Vascon Engineering board to consider issue of equity shares via rights and preferential basis

ING Vysya Bank Q1:
-Net profit at Rs 175 Crore Vs Rs 130 Crore (YoY)
-NII at Rs 425 Crore Vs Rs 343 Crore (YoY)
-Gross NPA at 1.75 percent Vs 1.76 percent (QoQ)
-Gross NPA at Rs 589 Crore Vs Rs 570 Crore (QoQ)
-Net NPA at 0.19 percent Vs 0.03 percent (QoQ)
-Net NPA at Rs 64.4 Crore Vs Rs 9 Crore (QoQ)
-Provisions at Rs 68.1 Crore Vs Rs 33.6 Crore (QoQ)
-Other income at Rs 245 Crore Vs Rs 200 Crore (YoY)
-Capital adequacy ratio at 12.59 percent (Basel III)

HOEC Q1:
-Net loss at Rs 18.3 Crore Vs Profit Of Rs 1.5 Crore (YoY)
-Net sales at Rs 15.5 Crore Vs Rs 27 Crore (YoY)

Parrys Sugar Q1:
-Net loss at Rs 20.1 Crore Vs loss Of Rs 21.1 Crore (YoY)
-Net sales at Rs 8.5 Crore Vs Rs 140.4 Crore (YoY)

HFCL Q1:
-Net profit at Rs 15.3 Crore Vs Rs 17.6 Crore (YoY)
-Net sales at Rs 258.3 Crore Vs Rs 127.4 Crore (YoY)