Here are stocks that are in news today:
Results Today: Dr Reddys, Essar Oil, Federal Bank, MTNL, Thermax, Indian Bank, Astrazeneca Pharma, DCM Shriram Consolidated, Greaves Cotton, Graphite India, Hathway Cable, ICRA, Kanoria Chem, Moser Baer, Nilkamal, Oracle Finance, Torrent Power, Greaves Cotton, Balaji Telefilms, Kwality Diary, Lakshmi Energy, Liberty Shoes, LLyod Electric, MIC Electronics and Tanla Solutions
Insurance bill deferred by cabinet
MFI Bill Cleared by Cabinet
Overrides state legislations on MFIs
Proposes to set up microfinance development council
Makes RBI the regulator for MFI sector
All MFIs will have to register with RBI
Sets minimum networth for each MFI at Rs 5 lakh
RBI to regulate MFI interest rates, fees & premium
Coal regulator bill referred to GoM
Aptech
Rakesh Jhunjhunwala acquires 2.2% stake yesterday @ Rs 70.44/sh
Ups stake to 34.20%
CNBC-TV18 Exclusive - Sources say
Warburg Pincus seeks majority stake in Future Cap
Future Cap stake sale in final stages
Bain PE also interested in Future Cap stake
Future Cap stake sale announcement likely by month-end
Future Cap stake sale likely to trigger open offer
Morgan Stanley advising Future Cap on deal
Warburg Pincus Says
Policy does not allow discussion of deal related investment activities
Unable to share any views regarding queries
Bain Cap unavailable for comment
Future Capital Says
In talks with 2-3 potential investors; deal not final yet
SKS Micro CFO Says
Ground level ops in Andhra Pradesh will continue
Diversified ops in 18 other states
Co to reduce headcount by 1,200 shut down 78 branches
It remains imperative that the AP ops remain cash neutral
Co does not plan to exit Andhra Pradesh
To bring staff back into the fold as situation improves
Gujarat NRE Coke Board meet on May 13 to issue 6 Cr warrants to promoters/grp entities on preferential basis
To issue FCCB's in one or more tranches for $100 mn
To issue guarantee of A$80m availed by its Australian subsidiary
Other stocks and sectors in the newsStrides Arcolab receives US FDA approval for Acetazolamide Injection, USP
LIC buys 4.68% stake in
Bank of Maharashtra via open market/pref issue, up stake to 10%
Aditya Birla Nuvo alotts 1.65 Cr warrants to promoter group cos at Rs 900/sh
Cipla Q4 YoY
Net Profit at Rs 292 Cr vs Rs 214 Cr
Net Sales at Rs 1,814 Cr Cr vs Rs 1,669 Cr
Cipla Says
Material cost has gone down to 42% from 47%
Will lower price of 6 more drugs soon
Price cut to apply in India, SE Asia, Latin American nations
Sintex Inds Q4 YoY
Net Profit at Rs 91 Cr vs Rs 168 Cr
Cons Net Sales at Rs 1015 Cr vs Rs 1,464 Cr
To pay Rs 0.65/sh dividend
Escorts Q2 YoY
PAT at Rs 18 Cr vs Rs 73 Cr
Net Sales at Rs 791 Cr vs Rs 889 Cr
Total Expenditure at Rs 761 Cr vs Rs 860 Cr
HEG Ltd Q4 YoY
Net Profit at Rs 5 Cr vs Rs 34 Cr
Net Sales at Rs 407 Cr vs Rs 282 Cr
To pay Rs 5/sh dividend
Other income at Rs 4.5 Cr vs Rs 21 Cr
Navneet Publication Q4 YoY
Net Profit at Rs 4 Cr vs Rs 8 Cr
Net Sales at Rs 118 Cr vs Rs 93 Cr
