Here are stocks that are in news today:
ONGC Auction issue finally goes through (lot of drama & still no clarity on pricing)
-LIC submitted bid for 40 crore shares via staggered price: Sources
FM says -98.3% of ONGC auction subscribed
-Rs 12,766 crore realized by government via ONGC share auction
-ONGC receives 42.03 crore shares versus 42.77 crore shares on offer
Govt sources says
-ONGC share auction result 'disappointing'
-Poor response to ONGC auction to impact divest plan
-May not go in for Oil India share sale in such scenario
Government says
-Some bids were rejected for no fault of investors
-Asked SEBI to investigate why bids were not uploaded
-Exchanges still uploading ONGC share bids
-Last minute rush for ONGC led to system overload
-SEBI probing ONGC auction glitch
-Not asked anybody to bail the issue out
-Have not asked LIC or any government Financial Institution to subscribe
-LIC decision to invest in ONGC shares purely its own
-Oil minister was a party to 5% ONGC auction decision
-Up to EGoM to decide on future divestment
-Have short listed some cos for further disinvestment
-NBCC IPO slated for this fiscal
-Issue to be accepted if 75% of entire issue above floor price
-Rs 40,000 crore divestment target is difficult
Jaipal Reddy says (denied any comments on ONGC Auction)
-Pros & cons of Oil India auction have to be discussed
-'We have been pleading for clarity on subsidy sharing'
-Oil India & ONGC auction not linked; can't draw conclusions
-No clarity yet on subsidy share plan for January-March
-Investors of ONGC have nothing to worry about
-No thoughts yet on price hike post election outcome
MphasiS Q1
-Net profit at Rs 185 crore versus Rs 227 crore (YoY)
-Net revenue at Rs 1,367 crore versus Rs 1,234 crore (YoY)
TVS Motor February auto sales
-TVS sales at 172,061 units versus 177,412 units (YoY)
-Total 2-wheeler sales at 63,019 versus 71,462 units (YoY)
SEBI -Issues cautionary notice to investors on PMS
-Investors should not deal with unauthorized PMS providers
GoM on Coal
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NTPC's North Karanpura project cleared by GoM
-GoM may meet again in next ten days
Other stocks and sectors that are in news today:
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Reliance begins buyback, nibbles Rs 50 crore in 3 weeks - Reports
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ITC chief Deveshwar sells 2.79 lakh shares for Rs 5.8 crore, stake down to 0.022%
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Allcargo Global to demerge 2 divisions, buy new vessels- ET
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HCL Infosystems pips
TCS, bags Rs 2200 crore Aadhaar contract ET
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Hindustan Copper FPO in Q1FY13, likely to divest 10% stake- FE
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Hero MotoCorp sales up 11% at 5.23 lakh units (YoY)
-NSE seeks exemption from stake dilution in NCDEX - BS
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RIL weighs voice options with 4G - BS
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NTPC Karanpura plant to be relocated- BS
-CD rates cross 11% first time since 2008, adding liquidity concerns- BS
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Videocon may land windfall gains from Cove Deal - ET
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Puravankara Projects to raise Rs 150 crore via NCD- MINT
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Bajaj FinServ says not looking to buy Fidelity India's MF biz
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MTNL says no plan to close down CDMA biz operations as of now
