Last Updated : Dec 23, 2013 01:05 PM IST | Source: CNBC-TV18

Stocks in news: Axis, Infosys, United Spirits, UB Holdings

GAIL | GSK Pharma | Axis Bank | Wipro | ICICI Bank | Larsen and Toubro | IOC | Infosys | Financial Technologies | United Spirits and United Breweries Holdings are stocks, which are in the news today.

  • bselive
  • nselive
Todays L/H

Here are stocks that are in news today:

Karnataka High Court
-Admits appeal against United Spirits (USL)-Diageo Deal
-Declares sale transaction by United Breweries Holdings (UBHL) to Diageo void
Alert: Appeal was filed by creditors of UBHL
-All amounts deposited by UBHL to court to remain till wind-up done
Alert: UBHL had deposited Rs 250 crore with Karnataka HC
Alert: Creditors who appealed include BNP Paribas, IAE, ATR
Alert: Creditors who appealed include Rolls-Royce and Partners Finance

UBHL-Diageo sources say
-To move Supreme Court against Karnataka High Court decision
-Co-operating with Karnataka High Court on procedure


-'To consider our options after going through the judgment'
-1 option is to appeal before SC when it re-opens in January

Vijay Mallya to CNBC-TV18
-Will take necessary steps to protect interests of company, Diageo

Diageo says
-Awaiting details of Karnataka High Court order
-Awaiting receipt of written order of division bench of Karnataka HC
-Do not believe there are any grounds for declaring sale void
-Disappointed that company brought into private dispute between Kingfisher Airlines and its creditors
-Intend to appeal before Higher Court against division bench order

-V Balakrishnan to resign company effective December 31
Alert: V Balakrishnan was head of Infosys BPO and chairman of Infosys Lodestone
-Inducts UB Pravin Rao as whole-time director
-Inducts Kiran Mazumdar-Shaw as independent member of board

Infosys says
-Kris Gopalakrishnan to head BPO business on interim basis
-BG Srinivas to takeover as Lodestone chairman

V Balakrishnan to CNBC-TV18
-Have been thinking about stepping down for sometime now
-Want to get into private equity space
-Waiting for SEBI approval for private equity fund
-Top-level exits not to have huge impact on Infosys
-Murthy's return was best thing that could have happened to company
-Have no immediate plans to join another IT firm
-Current attrition rate not a big issue for Infosys
-'Infosys has good leadership bandwidth'
-Did have detailed discussions with Murthy on leaving Infosys
-'Murthy did not want me to leave Infosys'
-'Have had good relationship with Murthy'
-'Never felt sidelined at Infosys'
-Recent exits will not impact relationships with clients
-Internal process underway on short-listing people for CEO
-Starting PE fund along with Mohandas Pai, Girish Paranjpe
-'Infosys is making right moves & right changes'
-Confident of Infosys attaining leadership position

Narayana Murthy to CNBC-TV18
-Bala played integral role in Infosys growth over last 2 decades
-Bala’s contribution & commitment has been extraordinary, will miss his presence & insights
-Bala has been talking to me about start-ups over past few months
-Wish Bala the very best & confident he will be excellent mentor & role model

On CNBC-TV18 - Mohandas Pai says
-'Bala's exit a big blow for Infosys'
-'Bala has put a team in place so succession not an issue'
-Bala's resignation will create a gap between chairman & employees

On CNBC-TV18 Kiran Mazumdar
-Looking forward to being part of board that will manage change
-'Infosys is going through transformational change'
-Believe Murthy will be able to avert markets' perception
-'I am aware of the changing trends at Infosys'

Financial Technologies on Forward Markets Commission (FMC) order:
-Order drawn up by FMC in a hasty manner
-Bombay High Court will now hear the case on January 8
Alert: Financial Technologies moved Bombay High Court versus FMC's order on 'fit & proper'

Financial Technologies counsel says
-Financial Technologies has only 1 nominee on MCX board
-MCX Board is controlled by FMC nominees
-Principles of natural justice have been violated

Enforcement Directorate:
-Launches search & seizure operations on Astha Minmet
Alert: Aastha Minmet is one of 24 borrowers in default at NSEL
-Conducts raids in 8 locations across India

SEBI issues show cause notice to Financial Technologies: Sources
SEBI issues show cause notice post FMC order on fit & proper
Alert: FMC pronounced Financial Technologies and 3 directors not fit & proper
SEBI asks Financial Technologies to reply by December 26

IOC hikes petrol price by Rs 0.41/litre (excluding VAT)
-Government hikes dealers' commission on diesel by Rs 97/kL to Rs 1,186/kl with immediate effect
-Diesel price hiked by about 10 paise per litre as government raises dealers' commission

Larsen and Toubro says
-L&T IDPL seeks FIPB nod for FDI
-Talks with global institutional investors for stake acquisition in L&T IDPL on
-Contemplating initial infusion of Rs 1,000 crore into L&T IDPL
-2nd tranche infusion to also be Rs 1,000 crore in L&T IDPL

Reliance Industries says
-Mckinsey India chairman Adil Zainulbhai included on company's board
-Adil Zainulbhai to join board as independent director

ICICI Bank announces new scheme on home loans, cuts rate by 15 bps: Sources
-Interest rate on home loans up to Rs 75 lakh to be 10.25 percent
-Interest rate on home loans above Rs 75 lakh to be 10.50 percent
-New home loan scheme will be available till January 31

Other stocks and sectors that are in news today:
-Axis Bank to replace Jindal Steel on S&P BSE Sensex today
-Wipro signs pact with Europe's telecom operator Tele2 AB
-Tyre companies in Focus: Import duty on natural rubber hiked to Rs 30/kg from Rs 20/kg
-Finance ministry directs bank to recover 10 percent on bad loans by fiscal end
-Commerce ministry want to curb royalty payments to MMC parents
-GSK Pharma open offer opens on February 7, closes on February 21
-GAIL sets Jan deadline for firms to lift US LNG: FE
-DTC, GST unlikely before 2016: BS
-Hospira now under US FDA lens: BS

First Published on Dec 23, 2013 08:56 am