Moneycontrol
Last Updated : Mar 06, 2018 09:38 AM IST | Source: Moneycontrol.com

Stocks in the news: HDFC, JSW Energy, PNB, JSW Steel, Axis Bank, RCom, IOB, JP Associates

HDFC | JSW Energy | Fortis Healthcare | PNB | JSW Steel | Bank of Baroda | Sanghi Industries | JP Associates | Bharat Wire Ropes | Reliance Communications | Reliance Infra | Axis Bank | IOB | HDFC Bank | Arvind | DLF and HDIL are stocks | which are in news today.

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Here are stocks that are in news today:

February auto sales: Tata Motors
-JLR UK sales down 15.5 percent at 2,238 units versus 2,647 units (YoY)
-Jaguar UK sales down 15.1 percent at 738 units versus 869 units (YoY)

-Land Rover UK sales down 15.6 percent at 1,500 units versus 1,778 units (YoY)

Britannia: Sources say
-Company increases input cost inflation to 5.5 percent from 3.5 percent
-Input cost inflation expectations raised on import duty increase on palm oil

-Import duty on palm oil raised to 48.4 percent from 7.7 percent in the last one year

Sun Pharma
-Form 483 issued to Sun Pharma by US FDA for Halol unit
-3 observations issued to Sun Pharma's Halol unit
US FDA observations for Sun Pharma's Halol
-Defined areas to prevent contamination deficient in operations w.r.t aseptic process
-Written procedures for cleaning didn't include reassembling method in detail
-Written procedures for maintenance did not including reassembling method in detail
-Written procedures for sampling, testing & approval are lacking

-Written procedures for rejection of product containers & closures are lacking

VST Tillers on CNBC-TV18
-Momentum expected to be strong in March as well
-Expect market share to remain at 60 percent in tiller segment
-Recently got technology for 47 horsepower tractor segment
-Will launch bigger tractors in the next financial year
-Growth is limited in the tiller industry

-Tractors will contribute more than 60 percent of revenue in few years

Bharat Wire Ropes on CNBC-TV18
-Plan to raise Rs 50 crore via 6 percent stake dilution
-Funds to be used to set up new capacity & meet other corporate expenses
-Orderbook currently at Rs 100 crore

-Company's 80 percent of revenue is from exports

Bharti, Idea to Telecom Disputes Settlement and Appellate Tribunal
-TRAI order prejudicial, allows certain companies to offer predatory pricing, bars incumbents

-TRAI tweaked definition of significant market player, skewed to benefit certain players

PNB Fraud Case: Sources say
-ED summons former PNB MD Usha Ananthasubramanian for questioning

-ED has asked the former PNB MD to be present for questioning this week

JSW Steel: Sources say
-JSW Steel signs MoU to acquire Italy’s second largest steelmaker Aferpi
-MoU between JSW & Aferpi guarantees exclusive talks between the two players

-JSW Steel & Aferpi deal pegged at Rs 600 crore

Other stocks and sectors in the news today:

Fortis Healthcare in focus: Singh family control drops to 0.14 percent

Bank of Baroda keeps 1-year MCLR unchanged at 8.30 percent from March 7

HDFC approves issue of 1.03 crore shares at price of Rs 1,825 per share in QIP

Sanghi Industries’ meeting on March 7 to approve issue of non-convertible debentures

Jaiprakash Associates in focus - IndusInd Bank has transferred 6 crore shares of Jaypee Infratech held by company which stood pledged in their favour

JSW Energy acquires JSW Electric Vehicles Pvt Ltd

Bharat Wire Ropes’ meeting on March 9 to raise funds via issue of securities through FPO, QIP, private placement, rights issue and other permissible mode

Arbitration court bars Reliance Communications from selling assets: ET

RBI slaps Rs 3 crore penalty on Axis Bank

RBI fines Indian Overseas Bank for violation of norms for Rs 2 crore

RBI to infuse Rs 1 lakh crore via special auction

HDFC Bank hikes bulk deposits rates upto 175bps

Arvind plans apparel parks, textile unit in AP

DLF, HDIL in focus - Land prices rise by 40 percent along proposed Delhi-Jaipur expressway: BS
First Published on Mar 6, 2018 07:52 am
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