Stocks in news: SBI, RIL, Alok Ind, Indiabulls Real, TCS

Here are stocks that are in news today:

Results today: RIL, TCS, JSPL, Hindustan Zinc, Mindtree, Foseco India, IL & FS Investment Managers, Zensar Tech, Aditya Birla Money, Coromandel International, Premier, Raymond, Timken India, Noida Toll Bridge, Honeywell Automation, Fag Bearings

SBI ends teaser home loans, may make provisions of Rs 587 crore in Q4
SBI says
-Changing interest rate structure in home loans in keeping with RBI norms
-SBI behind the curve in revising base rate, 'no more teaser loan rates' from May 1
-Shifting special home loans from fixed to floating

SBI new scheme:
-Home loans up to Rs 30 lakh to have interest of base rate + 1%
-Home loans between Rs 30-75 lakh to have interest of base rate+1.5%
-Home loans above Rs 75 lakh to have interest of base rate + 1.75%

WNS Q4
-Revenues of USD 159.5 million, up 4.5% sequentially
-Net income of USD 5.2 million versus USD 5.8 million sequentially

Telenor Group asks Sanjay Chandra to step down as Unitech Wireless Chairman
-Sources say: Sanjay Chandra refuses to step down as Unitech Wireless chairman
Unitech says
-Sanjay Chandra's arrest not to impact company or company's realty business
-Company managed by competent set of professionals & promoters

TCS CEO to CNBC-TV18
-Restructured the co back in 2008 which has shown results
-No large scale structural changes to be made within the TCS for now
-Organic growth is main priority currently
-Always evaluate acquisition opportunities
-Targeting many companies from emerging markets which are expanding
-Growth & margin equally important for TCS

Rainbow Papers board meeting on April 28, 2011
-To issue and allot 40 lakh shares to Orient Newsprint, on preferential basis, at Rs 60 per share
-To issue and allot 60 lakh warrants to Orient Newsprint on preferential basis, convertible in to equity shares, at a price of Rs 60 each.

Other stocks and sectors that are in news today:
-Indian ADRs: Tata Power up 4%
-F&O Ban: Deccan Chronicle, Orchid Chemicals, Videocon Industries
-Ex-dividend today: Nestle India (final dividend of Rs 12.5/sh & interim dividend of Rs 9/sh)
-Indiabulls Real Estate to trade ex-scheme of arrangement today (Wholesale trading business goes away, small portion of overall business, shareholders to get 1 share of wholesale arm for every 8 shares)
-Muthoot Finance IPO closes for QIBs, QIB portion subscribed 25 times, closes for NII (0.98 times) and Retail (1.3 times) today
-Lloyds Steel Industries says not in a position to comment on news item of acquisition by Uttam Galva
-Alok Industries promoter buys 14 lakh equity shares from open market
-Jyothy Laboratories likely to rope in APAX partners for a USD 100 million funding to acquire Henkel & APAX to have 10-12% stake in Jyothy Lab (BS)
-Jindal Steel makes second attempt to acquire all the shares of Australian based Rocklands at USD 0.25/sh valued at USD 88 million
-Oil Marketing companies IOC, HPCL, & BPCL have ended the financial year 2010-11 with a collective loss of Rs 78,000 crore on selling petrol, diesel at a lower price (FE)
-Karnataka High Court has asked Cyprus based Richter Holdings who acquired control of Sesa Goa in 2007 to return to IT-Department to settle a tax dispute (ET)
-Tata Power has raised Rs 1995 cr through hybrid bonds with an interest rate coupon of 8.5%
-Oil Minister Jaipal Reddy to discuss reasons for a sharp decline in gas production from RIL