Here are stocks that are in news today:
NHAI -Awarded 180 km of new road projects in April-May
-May award 4,000 km road projects in FY14
-Private sector response to PPP road projects not good
SBI -Cuts interest rates on bulk deposits by 25 bps w.e.f. Friday
-Cuts interest rates on bulk deposits above Rs 1 crore
-Cuts interest rates on bulk deposits on 7 days-below 1 year
Kingfisher Airlines (KFA) saw several key exits over past 2 weeks: Sources
-Approximately 50 KFA engineers likely to quit this week
-Engineers pan India to quit due to salary backlog
Alert: KFA has approximately 100 engineers pan India right now
-Mumbai pilots to meet CEO over unpaid salaries on Wednesday
Lanco Infratech
-Gets order worth Rs 3,294 crore for EPC work
-Gets EPC contract by GIPCL for 2x300 MW thermal power project
SAIL -May saleable steel production up 11 percent at 1.09 mt (YoY)
-May crude steel production at 1.15 mt
BGR Energy offer for sale (OFS)
-Subscribed 0.5 times at close
-Gets bids for 22.47 lakh shares
-Indicative price at Rs 167.99/share
-Floor price of Rs 163/share
Tata Communications OFS
-Subscribed 1.56 times at close
-Gets bids for 43.05 lakh shares
-Indicative price at Rs 174.41/share
-Floor price of Rs 196/share
Essar Ports OFS
-Subscribed 0.7 times at close
-Gets bids for 24.6 lakh shares
-Indicative price at Rs 78.76/share
-Floor price of Rs 77/share
Omaxe OFS
-Subscribed 0.3 times at close
-Gets bids for 59 lakh shares
-Indicative price at Rs 141.14/share
-Floor price of Rs 140/share
TTML -Tata Sons to divest holding in company today
-To divest 1.90 crore shares or 1 percent stake in company
-Divestment proposed to be completed today
-Earlier canceled the OFS for 2.72 percent stake in company
Wipro buys minority stake in Axeda Corp for USD 5 million
Alert: Axeda is cloud-based service & software provider
Wipro:
-Azim Premji Trust transfers 6.1 crore shares to Pioneer Independent Trust
-Azim Premji Trust transfers shares to meet SEBI minimum shareholding norms
Deadline for non-PSU companies to meet minimum public shareholding norms ends
-Around 40 companies in NSE and 82 companies on BSE yet to meet deadline
-Most companies fall under the small cap category
SEBI -May announce penalties for
failure to meet guidelines
-May freeze voting rights of promoters, corporate benefits
-May prohibit promoter/group from accessing capital markets
-May move script to T2T, may exclude from F&O
Department Of Industrial Policy & Promotion (DIPP) defines group company in FDI policy
DIPP says
-Group company means 2/more companies that can exercise 26 percent or more voting rights
-Group company means 2/more companies that can appoint 50 percent or more board members
Other stocks and sectors that are in news today:
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Idea in talks to sell tower business to Axiata, valuations could be a hurdle – ET
-
Ranbaxy, others may face European Union fine for delaying drug launch – Reports
-
Aban Offshore plans to raise Rs 4500 crore – ET (funds raised to be used to repay part of Rs 13000 crore debt)
-
PFC may buy upto 15 percent stake in
NCC-
Gayatri Project for Rs 200 crore – ET (Company is already lender to the project)
-
Educomp promoters exempted from making open offer by SEBI – PTI (promoters plans to acquire 7.5 percent stake in company)
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Bata India AGM today will declare a dividend of Rs 6/share (60 percent)
-TRAI floats consultation paper on monopolies in
Cable TV market
-Finance ministry says India imported around 162 tonnes of
gold in May
