Stocks in news: DCB, Kalindee, HDFC Bank, Bharti, Ranbaxy
Development Credit Bank | Sabero Organics | HDIL | Texmaco Rail | Kalindee Rail | Winsome Diamonds | Ranbaxy Labs and HDFC Bank are stocks, which are in the news today.
July 17, 2013 / 09:50 IST
Here are stocks that are in news today:
Results Today - HDFC Bank, Heritage Foods, Hinduja Foundaries, HOV Services, Liberty Phosphates, Zensar TechnologiesFDI cap review
-13 out of 20 sectors cleared for foreign direct investment (FDI) with caveats
-100 percent FDI cap in telecom sector cleared (Bharti Airtel, Idea Cellular in focus)
-Insurance FDI cap to be hiked to 49 percent through auto route – but this will need cabinet nod
-Did not consider media FDI related caps
-No change in civil aviation
-Defence production FDI hike also cleared with caveats (M&M, L&T in focus)
-Defence Production FDI: 26 percent via foreign investment promotion board (FIPB) and 49 percent via Cabinet Committee on Security (CCS) nod
-Petroleum & Natural gas to be through automatic route at 49 percent
-Commodity exchanges FDI to be through auto route at 49 percent
-Power exchanges FDI at 49 percent now through automatic route
-FDI cap for power exchanges retained; brought under automatic route
-Stock exchanges FDI cap at 49 percent now through automatic route
-Tea sector FDI cap at 100 percent; up to 49 percent under automatic route
-Single brand up to 49 percent under automatic route; beyond 49 percent through FIPB
-Will also give clarity on multi-brand retail very soon
-More clarity on single-brand retail norms will followJupiter Metals conditional open offer for Kalindee Rail at Rs 65/share
-Opens on September 3, closes on September 17 (last date to revise open offer price is August 29)
-Speculation is that Jupiter may revise the price upwardsOil Ministry sources say:
-Fertiliser ministry disapproves equal status to power sector
-Finance ministry agreed to upgrade priority status of power space
-Gas diversion to result in importing 4-5 mt of fertiliser
-Fertiliser Ministry can also make up for KG-D6 gas shortfall with RLNG
-Higher fertiliser imports may hike subsidy burden by Rs 5,400 crore
-Diversion of gas to help power sector by Rs 11,300 crore
-Up to power & fertiliser ministry to decide on utilising KG-D6 gas
-Empowered group of ministers (EGoM) to find solution for gas starved power plants
-1 proposal to divert 9 mmscmd Gas from power to fertiliser sector
Alert: EGoM on KG-D6 gas utilisation to meet today Government:
-Oil companies' July 16-31 subsidised fuel sale loss at Rs 362 crore/day
-PSU retailers July 16-31 loss on diesel sale at Rs 9.45/litreBajaj Auto says:
-Around 710 workers reported yesterday
-Approximately 91 percent of requirement of Pulsar, Avenger and KTM achieved
-To produce 1,700 at Chakan and 1,050 Pulsars at Waluj plant Karur Vysya Bank:
-To cut base rate by 25 bps to 10.50 percent with effect from tomorrow
-To cut BPLR by 25 bps to 15.50 percent with effect from tomorrowOther stocks and sectors that are in news today:
-FDA scanner for 2 more Ranbaxy Labs plants – ET (Violations reported in Tonasa and Mohali Plant)
-Lenders to ok Winsome Diamonds and Jewellery's Rs 4000 crore CDR package – FE
-Texmaco Rail eyes strategic alliance with Kalindee Rail – ET
-MAIL seeks Rs 276 crore damages from HDIL – ET (hearing today)
-Posco shelves plan to build Rs 32,000 crore steel plant in Karnataka
-IOC roadshow in Asia, Europe to raise USD 500 million via bonds
-Ex-Dividend: Ultratech Cement – Rs 9/share
-Pantaloons Fashion & Retail to list todayDevelopment Credit Bank (DCB) Q1
-Net profit at Rs 43 Crore versus Rs 19 Crore (YoY)
-NII at Rs 83 Crore versus Rs 64 Crore (YoY)
-Gross NPA at 3.41 percent versus 3.18 percent (QoQ)
-Net NPA at 0.84 percent versus 0.75 percent (QoQ)
-NIM at 3.44 percent versus 3.18 percent (YoY)Sabero Organics Q1
-Net profit at Rs 9.6 crore versus loss of Rs 1.8 crore (YoY)
-Net sales at Rs 174.1 crore versus Rs 121.2 crore (YoY) Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!