Here are stocks that will be in news on Monday:
March auto sales data: Tata Motors-Total sales up 1 percent at 53,057 units (YoY)-Exports up 17 percent at 6,356 units versus 5,435 units (YoY)-Passenger vehicle sales down 47 percent at 6,876 units (YoY)-Commercial vehicle sales up 20 percent at 38,247 units (YoY)TVS Motor-Total sales up 10 percent at 2.32 lakh units (YoY)-Exports down 27 percent at 31,121 units versus 42,565 units (YoY)-2-wheeler sales up 13.3 percent at 2.27 lakh units (YoY)-3-wheeler sales at 5,874 units versus 10,884 units (YoY)Hero MotoCorp-Total sales up 14 percent at 6.06 lakh units (YoY)-FY16 sales at 66.32 lakh units versus 66.31 lakh units (YoY)Atul Auto-Total sales up 2.5 percent at 3,303 units versus 3,222 units (YoY)
HCL Technologies-Geometric deal approved-HCL Tech to acquire complete ownership of Geometric-HCL Tech-Geometric share swap ratio at 10:43HCL Tech says-Will buy all business of Geometric except Geometric's 58 percent stake in JV 3DPLMAlert: 3DPLM software solution is a JV between Geometric & Dassault Systems-Will issue 10 shares of Rs 2 each for 43 shares of Geometric of face value Rs 2-Business acquired has over 60 global clients in USA & Europe-Deal provides several cross–sell & up–sell opportunities-Synergies will allow company to gain from rapidly growing manufacturing engineering market-1 geometric share to fetch 1 listed redeemable preference share in 3DPLM-Redeemable preference shares to be of Rs 68 each, dividend of 7 percent per annum
Tobacco Institute of India says-Cigarette manufacturers (ITC, Godfrey Phillips, VST Industries) shut factories from Friday-Cigarette factories shut due to ambiguity on new pack warning rules-Move to result in estimated loss of Rs 350 crore per day in production turnover-Extreme 85 percent pictorial warning will promote illegal cigarette trade-Existing pictorial warning at 40 percent adequate to warn & caution consumersSources say-Tobacco industry sought clarification from health ministry on March 15-Parliament standing committee recommended 50 percent pictorial warning in mid-March-Industry seeks clarification from government, post parliament panel recommendations
Kolkata Police issues notices to IVRCL CMD, directors to appear before it for investigationGovernment-Orders status check on all under construction flyovers-Ministry of surface transport to supervise status checks
WABCO India-Company enters into an agreement with WABCO Europe BVBA-To pay royalty at rate of 4 percent on net sales for using licensed intangibles
Fitch downgrades Tata Steel & Tata Steel UK; outlook rating watch evolvingFitch-Tata Steel downgrade reflects decline in profitability, jump in leverage-Tata Steel’s ‘rating watch evolving’ outlook due to European restructuring
UK Steel Union says-Promising that business secretary has heard the concerns of Port Talbot workers-Need concerted action between government & union to ensure Tata is a responsible seller-Clear UK government has not done enough to help the UK Steel Industry-UK government was aware of Tata Steel's decision, should have prepared for it
Sanghi Industries-Company has successfully exited from corporate debt restructuring (CDR) mechanism-Issued non-convertible debentures worth Rs 256.5 crore on private placement basisJubilant Foodworks says-Tarun Bhasin to take over as president of Dunkin' Donuts India-Dev Amritesh appointed as president of Domino's Pizza India
Lycos Internet says-Company's deal with Yahoo extended for 1 year-Yahoo deal expected to improve turnover by 10 percent in FY17
Godawari Power-Sells 18 lakh optionally convertible cumulative preference shares of Godawari Green Energy to Hira Ferro at Rs 100/share-Sells 5.5 lakh of Hira Ferro at Rs 32/share to Vinay Buildcon-Hira Ferro Alloy ceases to be subsidiary of company
JSW Steel-March crude steel production at 1.27 million tonne-Q4 crude steel production up 5 percent at 3.2 million tonne (YoY)-FY16 crude steel production down 1 percent at 12.56 million tonne (YoY)
ICICI Bank-Completes sale of 9 percent stake in ICICI Lombard to Fairfax Financial Holdings-Completes sale of 2 percent stake in ICICI Prudential to Compassvale Investments
Other stocks and sectors that will be in news on Monday:-Infibeam Incorporation to list shares on Monday-Godrej Consumer Products acquires Strength Of Nature, a leading hair care company, to boost growth in Africa-Prestige Estates buys 49 percent stake in Prestige Whitefield from CMIDF Whitefield for Rs 56.9 crore-Simplex Castings gets 2 orders worth Rs 30 crore-Fitch downgrades SAIL's rating to BB; outlook negative-Indiabulls Real Estate allots 4.36 crore equity shares at Rs 67/share to promoter group companies-Adani Power to consider issue of convertible warrants to promoters-Future Lifestyle increases stake in Mineral Fashions to 52.44 percent from 49.62 percent-GE Shipping takes delivery of Newbuilding Medium Range Product Tanker-Competition Commission of India rejects complaint against Britannia Industries: PTI-Nitco, Kajaria Ceramic, Euro Ceramics etc in focus - Anti-dumping duty likely on tiles imports from China: PTI-NHAI hikes toll fee on National Highways: PTI-Union minister Hansraj Ahir says India marks record urea production of 245 lakh tons in FY16: PTI-Mahindra Holidays completes amalgamation of 2 arms with itself: PTI-Tata Steel registers 8.34 percent sales growth in 2015-16: PTI-IOC pulls off record crude processing at 56 million tonnes in FY16: PTI-CNG, piped cooking gas become cheaper in Delhi: PTI-LIC increases stake in OBC by 6.7 percent to 14.5 percent-South Indian Bank sets overnight MCLR (marginal cost of funds-based lending rate) rates at 9.50 percent, 1-month at 9.55 percent, 1-year at 10 percent-State Bank of Mysore sets overnight MCLR rates at 9.15 percent, 1-month at 9.25 percent, 1-year at 9.50 percent-Union Bank sets overnight MCLR rates at 9.25 percent, 1-month at 9.30 percent, 1-year at 9.45 percent-Vijaya Bank sets overnight MCLR rates at 9.20 percent, 1-month at 9.25 percent, 1-year at 9.45 percent-Yes Bank sets overnight MCLR rates at 9 percent, 1-month at 9.1 percent, 1-year at 9.6 percent-Karnataka Bank sets overnight MCLR rate at 8.95 percent, 1-year at 9.20 percent-Corporation Bank sets overnight MCLR rate at 9.05 percent, 1-year at 9.60 percent-Bank of Maharashtra sets overnight MCLR rate at 9.10 percent, 1-year at 9.65 percent-Punjab & Sind Bank sets overnight MCLR rate at 9.30 percent, 1-year at 9.65 percent-IDBI Bank sets overnight MCLR rate at 8.85 percent, 1-year at 9.45 percent, 2-year at 9.75 percent, 3-year at 9.90 percent-Kotak Mahindra Bank sets overnight MCLR rate at 8.9 percent, 1-year at 9.6 percent, 3-year at 9.65 percent-Dena Bank sets overnight MCLR rate at 9.3 percent, 1-month at 9.4 percent, 1-year at 9.6 percent
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