Rain Commodities | Bhagyanagar India | Phillips Carbon Black | Siemens | VIP Industries | Hindustan Zinc | GMR infra | GTL | Maruti | IOB | Kotak Mahindra Bank | Andhra Cement and RIL are stocks, which are in the news today.
Here are stocks that are in news today:
Results Today: ICICI Bank, Wipro, HUL, BPCL, Colgate, NMDC, Bank of Baroda, Havells India, Dabur, EIH, Alok Industries, Ballarpur Industries, Castrol India, Bata India, United Breweries, Corporation Bank, Dena Bank, Central Bank of India, Oriental Bank of Commerce, Punjab & Sind Bank, Vijaya Bank, IPCA Labs, Indian Bank, United Bank of India, Usha Martin, Canara Bank, Subex, UCO Bank, Gulf Oil Corp, Karnataka Bank, Atlas Cycles, Century Textiles, IFB Agro Industries, Gujarat Pipavav, Gillette, LGB Forge, KSE, Tulsyan NEC, Global Spirits, PITTI Laminations, SJVN, Vimta labs, Century Plyboards, Shanthi gears, Mawana Sugars, Greenply Industries, GTN Industries, Apar Industries, Tulsi Extrusions, 3M India, Raj TV
Kotak Mahindra Bank
-Hikes savings rate for deposits over Rs 1 lakh to 6%
-Revised savings rate for balance up to Rs 1 lakh at 5.5%
-Hikes base rate by 25 bps to 10%
-Hikes BPLR by 25 bps to 18.75%
Uday Kotak says
-No hike in charges to offset hike in savings rate
-Do not see savings rate coming down in the near future
-Awaiting RBI guidelines on pre-payment penalties
-Net profit at Rs 240 crore versus Rs 598 crore (YoY)
-Revenue at Rs 7,537 crore versus Rs 9,147 crore (YoY)
-Other operating income at Rs 256 crore versus Rs 170 crore
-Maruti board approves land purchase for new facility in Gujarat
-Q2 output hit on Manesar unit labour unrest
-Net profit at Rs 207 crore versus Rs 206 crore (YoY)
-NII at Rs 1,266 crore versus Rs 956 crore (YoY)
Other stocks and sectors that are in news today:
-RIL eyes US refinery Valero, may bid USD 48/sh, valuing the company at USD 27.5 billion The Great Diwali Discount!
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