Moneycontrol
Last Updated : Jan 12, 2018 08:58 AM IST | Source: Moneycontrol.com

Stocks in the news: TCS, Infosys, Shree Cements, SBI, Indiabulls Real Estate, Tata Global Beverage, Dredging Corp

TCS | Infosys | Shree Cements | SBI | Indiabulls Real Estate | Tata Global Beverage | Dredging Corp | Varun Beverages | Indiabulls Real Estate | IOC | Motilal Oswal Securities | Videocon Industries | Dish TV | Binani Cement | Gujarat NRE Coke | Rel Infra | MEP Infra | Amtek Auto are stocks, which are in news today.


Here are stocks that are in news today:

Results Today: Infosys, 3i Infotech, Gail India, HT Media, Karnataka Bank, Reliance Industrial Infrastructure, Sintex Industries and Videocon Industries

SBI

Country's largest lender State Bank of India plans to raise Rs 20,000 crore through long-term bonds to fund affordable housing.

Shree Cements

Shree Cements reported a better-than-expected December quarter show, with net profit at Rs 333.3 crore against Rs 235.4 crore posted during the same quarter last year. The growth is at 41.6 percent. The revenue grew 23.1 percent at Rs 2,296.2 crore against Rs 1,864.4 crore year-on-year.

Infosys

The IT major is expected to report a profit for the quarter at Rs 3,609 crore, down 3.14 percent compared to Rs 3,726 crore in previous quarter, according to an average of estimates of analysts polled by CNBC-TV18.

TCS

India’s largest software services exporter reported a net profit of Rs 6,531 crore for the quarter ended December while the dollar revenue rose 1 percent on a QoQ basis to USD 4,787 million.

Varun Beverages

The Company has concluded the acquisition of PepsiCo India's previously franchised rights for the state of Chhattisgarh.

Indiabulls Real Estate

Indiabulls Real Estate on Thursday announced that it will acquire a prime commercial building in Gurugram having a leasable area of 2.5 lakh square feet for an undisclosed amount.

IOC

India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy US crude after production cuts by oil cartel OPEC drove up prices of Middle East heavy-sour crude, or grades with a high sulphur content.

Motilal Oswal

Markets regulator SEBI on Thursday imposed a fine of Rs 2 lakh on Motilal Oswal Securities in a case related to alleged unauthorised trading through the use of forged Power of Attorney (PoA).

Telecom stocks

The number of telecom subscribers dwindled by 1.58 crore to 118.5 crore in November, even as Reliance Jio continued to lead in customer addition with over 15 crore subscribers, as per a report by TRAI.

Tata Global Beverage

Tata Global Beverage is looking to divest its 41 percent stake in Amalgamated Plantations Pvt. Ltd —India’s second largest producer and supplier of tea with estates in Assam and the Dooars region of West Bengal, Mint reported.

Videocon Industries & Dish TV

Direct-to-home (DTH) operator Dish TV India Ltd on Thursday pointed to the ongoing insolvency proceedings against Videocon group in the context of the delay in its planned merger with Videocon d2h, Mint reported.

Binani Cement

At least two lenders of Binani Cement, currently undergoing insolvency proceedings, have moved the appellate bankruptcy tribunal after the insolvency resolution professional (IRP) rejected their claims on corporate guarantees worth Rs 2,000 crore issued by the company to some subsidiaries in the Binani group, Mint reported.

Shree Cements

Shree Cement Ltd on Thursday said it had agreed to acquire a 92.83 percent stake in Union Cement Co. PSC, a United Arab Emirates-based firm, for an enterprise value of USD 305.24 million (Rs 1,945 crore).

Gujarat NRE Coke

The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday ordered the liquidation of Gujarat NRE Coke, while appointing insolvency resolution professional Sumit Binani as the official liquidator, Mint reported.

MEP Infra

MEP Infra has achieved the milestone one for the project of four lane stand alone ring road/ bypasses for Nagpur City, Package-II . The Authority has paid the first Milestone payment of 20 percent of the physical progress for the project on 11th January, 2018

Capital First
-Capital First clarifies on CNBC-TV18 Newsbreak on its merger with IDFC Bank
-Capital First says evaluate various opportunities on a continuous basis

-Capital First: As a matter of policy don't comment on market speculation

Other stocks and sectors in the news today:
-TCS bags multi-year contract for third party administration for USD 2 billion, by Transamerica
-Dredging Corporation wins maintenance dredging order from Cochin Port worth Rs 88 crore
-Tata repays Rs 17,000 crore of Tata Tele debt: ET
-Reliance Infrastructure emerges as the lowest bidder in NTPC tender
-Amtek Auto - Liberty House, Deccan Value Investors are the top bidders: Media Report-GST Council may lower rates for farm gear, electric vehicles next week: BS
First Published on Jan 12, 2018 07:58 am
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