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Last Updated : Apr 03, 2017 09:10 AM IST | Source: CNBC-TV18

Stocks in the news: Maruti, Indoco, NTPC, Escorts, IGL, Godfrey Phillips, GMR, IOC

Maruti Suzuki | Tata Motors | Cipla | Indoco Remedies | NTPC | Escorts | JSW Steel | Tata Steel | Indraprastha Gas | Godfrey Phillips | GMR Infra | Magma Fincorp | MOIL | Elecon Engineering | IOC | Jet Airways | Vista Pharma and Nila Infra are stocks, which are in the news today.

Here are stocks that are in news today:

Infosys founder NR Narayana Murthy raises concerns over compensation hike to Pravin Rao

NR Narayana Murthy says

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-Feel every senior management person has to show self-restraint w.r.t his compensation

-Board has to create a climate of opinion for such a fairness by their actions

-60-70 percent increase in compensation to a top management official is not proper

-60-70 percent compensation to top management grossly unfair to other employees

-Impact of such a decision may erode trust & faith of employees in management

-No previous resolution in the history of company has received such a low approval

-Have lot of affection for Pravin Rao; nurtured him at Infosys

March auto sales

-M&M sales up 6 percent at 56,031 versus 52,718 units YoY

-Eicher Motors Royal Enfield sales up 17 percent at 60,113 versus 51,320 units YoY

-Tata Motors sales up 8 percent at 57,145 versus 53,057 units YoY

-SML Isuzu sales up 26.4 percent at 2,094 versus 1,656 units YoY

-Maruti Suzuki sales up 9.8 percent at 15.68 lakh versus 14.44 lakh units YoY

March tractor sales

-Escorts sales up 31 percent at 7,079 units versus 5,403 units (YoY)

-M&M sales up 32 percent at 19,337 versus 14,682 units (YoY)

JSW Steel

-Implements reorganisation plan to reduce cap reduction at Netherlands company

-Have taken steps to write-off loans given to US holding company

-Reorganisation plan entails liquidation of US holding company

Indoco Remedies

-Gets warning letter from US FDA for Goa unit

-US FDA accepted our response to 4 observations but concerned about 2

-2 observations that US FDA concerned about pertain to 1 specific product

-Company is a contract manufacturer for the product that US FDA is concerned about

-US FDA issues observations for inspections from August 31-September 4, 2016

Hero MotoCorp has liquidated large part of BS-III inventory

Hero MotoCorp says

-In past 2 days, taken tactical steps to help dealers, incentivise customers

-Would have sold almost all BS-III inventory by end of today

Indraprastha Gas

-RBI says FII limit in IGL hits overall limit of 24 percent; no further purchases allowed

-Six lakh series for special bargain will be activated w.e.f. April 3, 2017 related to investment by FIIs/RFPIs under PIS

Other stocks and sectors that are in news today:

-Oil India's ex-date for buy back eligibility

-Ujaas Energy - CRISIL assigns rating of A- and A2+

-Advanced Enzymes - CRISIL assigns rating of A

-Godfrey Phillips in talks to sell marketing and distribution units to global companies, says Ruchir Modi

-Dabur Groups's health firm raises Rs 250 crore from Quadria

-Aditya Birla Fashion & Retail looks to buy significant stake in apparel company Bestseller in India

-GMR Infrastructure in focus - Dehi Daredevils looks to breakeven in FY17

-Coal India to go for a facelift and position itself as a tech driven clean products company

-Mumbai NCLT approved arrangement between Gammon India & Gammon Engineers & Contractors

-Karnataka Bank revised MCLR starting from 8.9 percent to 8.4 percent

-Magma Fincorp completed sale of non-performing assets worth Rs 594 crore on standalone basis and Rs 679 crore on consolidated basis

-Vikas EcoTech's polypropylene manufacturing plant in Rajasthan destroyed by fire

-Bhageria Industries commissioned solar power plant in Maharashtra

-Sarda Energy started generation of power at Chhattisgarh plant

-MOIL decreased price by 10 percent to 15 percent on various grades w.e.f. April 1

-Salzer Electronics to withdraw merger of Salzer Magnet Wires with self

-Tata Steel Q4 sales down 14.4 percent at 2,719 versus 3,177 tonnes YoY

-OBC revised base rate from 9.65 percent to 9.5 percent

-NTPC commissioned unit 6 of 500 MW of Feroze Gandhi Unchahar Thermal Power Station

-Shriram Transport Finance Company board meeting on April 30 to consider raising of funds through various options

-Bharat Electronics 2016-2017 top line growth of 17 percent at Rs 8,800 crore versus Rs 7,522 crore YoY

-Yes Bank finalised allotment of USD 750 million for QIP

-Cipla to acquire 100 percent stake in Anmarate for ZAR26.25 million

-Future Lifestyle completed value unlocking in Lee Cooper business through Rs 250 crore fund raising

-IIFL Holdings infused additional Rs 160 crore capital in IIFL Holdings and Rs 50 crore in Samasta Microfinance

-Nila Infra gets order worth Rs 131.67 crore

-Everest Kanto entered into asset purchase agreement to sell company land, building & electric installations for USD 29 million

-Vista Pharma approved issue of 15.71 lakh shares to promoters at Rs 24.05 per share

-Motilal Oswal to acquire 9.07 percent stake in MAS Financial Services for Rs 338.31 crore before April 30

-Henkel requests to extend time up to October 31, 2017 to acquire 26 percent capital of Jyothy Labs

-Udaipur Cement commercial production started at Udaipur

-Government remits Rs 418 crore till further notice to Allahabad Bank

-Petrol prices cut by Rs 3.77 per litre, diesel by Rs 2.91 per litre w.e.f April 1 in Delhi

-Oil marketing companies cut aviation turbine fuel price by 5.2 percent to Rs 51,482/kL in Delhi from April 1 (Jet Airways, SpiceJet, InterGlobe in focus)

-PVR opens multiplex in Pune in City One Mall, Pimpri

-SBI cuts base rate by 15 bps to 9.1 percent w.e.f April 1

-Elecon Engineering wins order worth Rs 130 crore From Ramagundam Fertilizers

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First Published on Apr 3, 2017 08:24 am
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