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Stocks in news: HCC, Kingfisher, Unitech, Wipro, HCL Tech

HCC | Kingfisher Airlines | Unitech | Fame India | Wipro | HDIL and HCL Tech are stocks, which are in the news today.

March 14, 2012 / 10:36 IST

Here are stocks that are in news today:

HCC plans to sell 26% stake in its Mumbai HQ: Sources
-HCC to continue being tenant in 247 Park
-HCC has made asset sale proposal to bankers
-Project was valued at Rs 775 crore in 2010
-Proceeds likely to be utilized for repayment of debt
-Transaction likely in the next 15-18 months

Oil Ministry says:
-Will continue to receive supplies from Iran
-Oil Prices going up globally
-Consultations with legal department on w.r.t notice to Reliance
-Shale gas exploration policy likely by FY13 end

Civil Aviation Minister Ajit Singh says
-Vijay Mallya confident of roping in an investor into Kingfisher Airlines (KFA)
-Have asked DGCA to prepare report on KFA

Uninor Case Update:
-CLB asks Unitech to buy out Telenor stake or exit
-CLB asks Unitech to reply by 10:30 am on March 19
 
I-T Department
-Issues notice of recovery to 16 mutual fund houses
Sources Say:
-Accounts of Kotak & UTI have been attached by I-T dept
Bombay HC to I-T dept:
-Do not attach anymore accounts till further hearing

HMSI says
-Second plant likely to run on full capacity by April-May 2012
-Will hit 2.4 lakh units per month by April-May 2012
-Will launch 110 cc Dream Yuga Bike in June 2012
-Confident of achieving No. 2 Spot in Indian 2-wheeler market
-Construction for third plant will start this year; to invest Rs 1,000 crore
-Will achieve rural, semi rural market leadership with 110cc Bike

Other stocks and sectors that are in news today:
-Wipro OFS today, Azim Premji trust to sell 3.5 crore shares via auction 
-HDIL promoters pledge 38.24% equity with IL&FS (promoter holding at 39.17%)
-Schroders set to acquire 30% stake in Axis AMC (deal value corresponding to 5% of AUM of Rs 8600 crore)
-HCL Tech bags USD 250-300 million outsourcing from Union Bank of Switzerland- BS
-Alok Realty to raise Rs 1000 crore from Lower Parel office space- ET
-FY13 fertiliser subsidy may be pegged at unrealistic Rs 66000 crore- ET
-INOX raises stake in Fame India to 68.3%

first published: Mar 14, 2012 08:16 am

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