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%
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.