Last Updated : Jan 16, 2018 08:52 AM IST | Source:

Stocks in the news: TCS, Binani Cement, Essar Steel, Tech Mahindra, Kotak Mahindra Bank, Lupin, Merck

TCS | Binani Cements | Essar Steel | Tech Mahindra | Kotak Mahindra Bank | Lupin | IndiGrid | Max Ventures | Blue Star | Axis Bank | IOC | Speciality Restaurants | BSE | PVR | Bank of India | SBI and Shriram Transport Finance are stocks, which are in news today.

Here are stocks that are in news today:

December Trade Deficit at USD 14.88 Bn
December exports at USD 27.03 bn, up 12.36% (YoY)
December imports at USD 41.91 bn, up 21.12% (YoY)
December oil imports at USD 10.35 bn, up 34.9% (YoY)
December non-oil imports at USD 31.56 bn, up 17.2% (YoY)
December gold imports at USD 3.39 bn, up 71.5% (YoY)
December electronic goods imports at USD 4.67 bn, up 19.2% (YoY)
December petroleum product exports at USD 3.61 bn, up 25.2% (YoY)
December gems & jewellery exports at USD 3.23 bn, up 2.4% (YoY)

December engineering goods export at USD 7.36 bn, up 25.3% (YoY)

Mauvin Godinho Says
Simplification of returns filing process on the agenda for Jan 18 council meeting
Ideal to integrate all 3 returns forms, make it simple
Clubbing of 3 forms is not as simple as it sounds

Hope we get a consensus on simplification of returns filing forms

Thomas Isaac Says
Clubbing of 3 forms into 1 will not necessarily make things simpler
The ‘3 Forms’ process brings with it certain checks & balances that are vital

Must give current 3-form system a chance to work before switching processes

Max Ventures

Max Ventures and Industries' board has approved raising Rs 450 crore by way of rights issue


The Board of Sterlite Investment Managers acting as the investment manager of the trust has approved a distribution per unit of Rs 2.89 per unit for third quarter of the fiscal

Kotak Mahindra Bank

Uday Kotak's Kotak Mahindra Bank has begun discussions to divest its stake in Multi Commodity Exchange, which was dealt a blow in December when market regulator Securities and Exchange Board India paved the way for universal exchange


The pact is part of the state's concerted efforts to find sustainable solutions to paddy straw burning, which has emerged as a major environmental concern

Federal Bank

Federal Bank’s net profit rose to Rs 260 crore in the quarter ended 31 December from Rs 206 crore a year earlier


Lupin plans to come up with regular product launches every 3-4 months and aims to be present across all the major OTC product categories

Axis Bank

The Bank has allotted 74,150 equity shares of Rs. 2/- each on 15.01.2018, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 512,83,88,034 (256,41,94,017 equity shares of Rs. 2/- each) to Rs. 512,85,36,334 (256,42,68,167 equity shares of Rs. 2/- each)

Tech Mahindra

IT major Tech Mahindra on Monday said it has partnered with Israeli firm ContextSpace Solutions to develop the world's first global software privacy ecosystem, MyData Shield

Essar Steel

Promoters Shashi and Ravi Ruia are working toward setting up a consortium to bid for the company that’s in the midst of bankruptcy proceedings at the National Company Law Tribunal (NCLT), said several people aware of the matter

Binani Cement

Billionaires Rakesh Jhunjhunwala and D-Mart promoter Radhakishan Damani teamed up to bid for Binani Cement, two senior executives in the know of the matter said, intensifying the race for the company which is facing bankruptcy proceedings from its lenders

IMP Powers

Entered into a license agreement for 20 years with 'Smart Hydro Power GmbH Ltd. - a German Company' establishing an exclusive right for manufacturing the turbines and exhibiting Smart free Stream and Smart Monofloat under its own brand name in the License territory i.e. India, Laos, Nepal, Bhutan, Sri Lanka, Eastern Africa

Other stocks and sectors in the news
TCS will become a principal technology partner for Marks & Spencer as part of the deal, whose total value has not been disclosed
Blue Star allotted 14,500 equity shares of Rs 2 each under ESOP
Shriram Transport Finance: Fitch Affirms 'BB+' Rating
Life Insurance Corporation (LIC) has sold a little over 2% stake in drug and chemical firm Merck through an open market transaction

JM Financial appoints Credit Suisse and IDFC Bank for its qualified institutional placement (QIP) offering

Speciality Restaurants opens 'Mainland China' franchise restaurant at Colombo
BSE approves buyback of 15 lakh shares at Rs 1100
SBI to put Rs 382 crore soured education loans on sale
PVR moves court over issue of entertainment tax in GST
Bank of India postpones Rs 3000 cr QIP plans
Seamec bags contract worth USD 1.26 million from L&T Hydrocarbon for deployment of its vesselHPCL - Oil flares but companies keep price hikes 'low' on govt nudge
First Published on Jan 16, 2018 07:54 am