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Last Updated : Jun 06, 2017 09:19 AM IST | Source: CNBC-TV18

Stocks in the news: SBI, Tata Motors, Cadila, Gufic Bio, Everest Organics, CARE

SBI | Wipro | Tata Motors | Cadila Healthcare | Raymond | Gufic Bio | Everest Organics | Manugraph India | Aditya Birla Nuvo | Grasim Industries | Jet Airways | NALCO | HPCL and CARE are stocks, which are in the news today.

Here are stocks that are in news today:

May auto sales: Tata Motors
-Total JLR UK sales down 7.8 percent at 8,813 units versus 8,880 units (YoY)
-Total Jaguar UK sales down 1 percent at 2,564 units versus 2,590 units (YoY)

-Total Land Rover UK sales down 10.7 percent at 5,619 units vs 6,290 units (YoY)

Azim Premji to Wipro employees
-Continue to be excited about potential of IT industry & the company
-See enormous energy within company to power success of clients & the company
-Remain as committed to company as I have ever been
-Reports about promoters evaluating sale of their holding are baseless & malicious

-There is no truth to these unsubstantiated rumors

US FDA observations: Strides’ Bengaluru unit
-Written records of investigations don't include conclusions & follow-up
-No specific rationale, data supporting sampling plan for testing capsules
-No written procedure to assure products have strength, quality as portrayed
Alert: US FDA issued 3 observations for Strides Shasun's Bengaluru unit

Alert: US FDA inspected Strides Shasun's Bengaluru unit from May 22-26, 2017

Bharat Forge
-May Class 8 truck sales up 29 percent at 16,300 units YoY

-May Class 8 truck sales down 31 percent at 16,300 units MoM

National Company Law Tribunal
-Approves merger of Aditya Birla Nuvo with Grasim

-Approves listing of Aditya Financial Services

-Opens issue for receiving bids for capital raising

-QIP floor price at Rs 287.58/share for issue

Tata Motors
-Tata Motors commercial vehicle business executive director Ravi Pisharody steps down

-Satish Borwankar appointed as Tata Motoers' COO with immediate effect

RBI clarifies prompt corrective action (PCA) framework not intended to constrain normal operations of banks for public
-PCA framework is supervisory tool to maintain sound financial health of banks
-PCA involves monitoring performance indicators as early warning exercise
-PCA's objective is to facilitate banks to take corrective, timely measures
-PCA intended to encourage banks to eschew certain riskier activities

-PCA intended to encourage banks to focus on conserving capital

Raymond's Gautam Singhania
-Happy with outcome of voting against JK House sale at Raymond AGM
-Was in best interest of company & shareholders to vote against JK House sale at AGM

-Embraced transition at Raymond, are on the growth path

Fitch says on telecom
-Telecom woes do not pose systemic risks to Indian banks

-Pressure is most at Reliance Communications, Aircel & Tata Teleservices

Other stocks and sectors that are in news today:
-Adani board gives green light to start work on USD 16 billion Carmichael coal mine in Queensland
-Ajanta Pharma gets US FDA nod for anti-psychotic drug, Olanzapine
-Cadila Healthcare's facility at Baddi receives establishment inspection report from USFDA
-Gufic Bio receives 2 patent certificates from the Patent Office, GOI
-Indiabulls Real Estate proposes to issue non-convertible debentures (NCD) aggregating Rs 75 crore, on a private placement basis
-Capital First approved allotment of NCD's aggregating to Rs 50 crore
-USFDA inspects Everest Organics' manufacturing facility at Aroor Village and approved the facility
-Manugraph Industries says USA subsidiary files for voluntary bankruptcy
-Aditya Birla Nuvo to list its financial arm in August: ET
-CARE Rating agency plans 10 percent share buyback
-Jet Airways faces safety audits: BS
-HPCL to raise Rs 27,000 crore for Rajasthan refinery
-NALCO eyes domestic expansion as it puts Iran projet on hold
-Jet Airways in talks to buy 75 Single Aisle Aircraft with option for another 75: Reuters sources
-Wipro gets shareholder nod for raising share cap to Rs 1,127 crore

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First Published on Jun 6, 2017 08:18 am
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