Stocks in news: Tata Power, Reliance Infra, IOC, KRBL, GAIL
GAIL | Tata Power | Vakrangee Software | YES Bank | Neyveli Lignite | Reliance Infrastructure | IOC | KRBL | LT Foods and Kohinoor Foods are stocks, which are in the news today.
July 01, 2013 / 09:34 IST
Here are stocks that are in news today:
Petrol prices hiked by Rs 1.82 per litre (excluding value added tax)
IOC says
-Latest hike due to further rupee depreciation
-Current loss on sale of retail diesel at Rs 8.60/litre
-Current loss on sale of kerosene at Rs 30.53/litre
-Loss on sale of subsidised LPG at Rs 368.50/cylinder
-Estimate under-recovery at Rs 63,000 crore for FY14
-Estimate FY14 industry under-recovery at Rs 1.18 lakh croreUnited Spirits (CMP at Rs 2171, down 2.5 percent)
-Morgan Stanley Asia PTE buys 10.8 lakh shares (0.7%) at Rs 2118/share
-Morgan Stanley Asia already hold 4.02 percent stake in company as per March filing Reliance Infrastructure-Refuses to run Delhi Airport Metro Express after June 30 in view of huge losses
-Asks DMRC to take over Delhi Airport Metro Express
Reliance Infrastructure sources says
-Total investment by company at Rs 2880 crore
-Equity & sub-debt of Rs 750 crore
-Served termination notice over material breach
-To seek 100 percent of debt & 125 percent of equity as returnCNBC-TV18 Exclusive: Coal Ministry sources say
-Sought Department of Divestment (DoD) views on Tamil Nadu proposal for Neyveli Lignite (NLC) stake
-DoD examining ways to divest Neyveli Lignite stake
-Neyveli Lignite current market price at Rs 56.5/shareTata Power consumers to pay 25 percent more tariff
-MERC has approved an average increase in tariff to Rs 5.26 per unit
-Existing tariff at Rs 4.19 per unit, price changes applicable today onwards Other stocks and sectors that are in news today:
-July 1st deadline to submit applications for new banking licence
-ONGC seeks to share Reliance Industries (RIL) KG D6 infra to save USD 4 billion – FE
-GAIL 1st Indian co to import shale gas
-Technology companies get transfer pricing relief
-FMCG companies hike prices after several quarters – DNA
-Vakrangee Software inclusion in S&P BSE Teck Index w.e.f. July 4, 2013
-No end in sight to YES Bank row, Madhu Kapur prepares to battle out in court for her claims – reports
-Basmati exports to the US plunge on pesticide alert – ET (KRBL, LT Foods, Kohinoor Foods to be in focus)
-Govt may ease retail FDI norms to woo retailers – ET
-Department of Telecommunications (DoT) decides not to scrap dual-tech telecom licences – BS
-Gujarat Automotive Gears open offer at Rs 1137/share (CMP Rs 1050) TCS AGM: Cyrus Mistry says
-FY13 witnessed slow growth in global economy, spending has lowered
-Company managed to perform despite challenging economic environment
-To observe cost discipline at operational level
-Confident to meet changing global technological needs
-Expect traction and stability in FY14
-Will invest in products, platform & IP based solutions
-Added 69,000 employees in FY13
-Signed large transformational deals in FY13
-Offered strategic partnerships to clients
-Will continue to invest in emerging markets like Asia, Lat AM, Africa
-Not facing any legal suit in Australia
-No timeline on TCS e-Serve merger but discussions are on Govt
-Cuts base import price of gold to USD 401 per 10 gram from USD 421/10gm
-Cuts base import price of silver to USD 604/kg from USD 606/kg PM sets FY14 targets for infrastructure sectors
-Total rail & airport capacity targets lower than FY13
-Power capacity addition target set at 18,432 mw
-Coal India despatch target at 492 mt
-Airport investments target at Rs 908 crore versus Rs 1,023 crore (YoY)
-Road constructions target at 5,000 km versus 9,500 km (YoY)
-Port sector capacity addition aim set at 292 mtReleases draft norms on wealth management svcs offered by banks
-Banks must offer wealth management services via arm/separate division
-Banks not to offer discretionary portfolio management services 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!
