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Last Updated : Apr 06, 2016 08:56 AM IST | Source: CNBC-TV18

Stocks in news: Bharat Forge, JMC, RPG Life, Sandur Manganese

Infosys | TCS | Bharat Forge | JK Tyres | GM Breweries | JMC Projects | Nestle | Gallantt Ispat | RPG Life Sciences | Cupid | Sandur Manganese | SH Kelkar and Era Infra Engineering are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Power companies
-40 companies being investigated for over invoicing of imported coal: Economical & Political weekly
-Company's named: Adani Enterprises, Adani Power, Reliance Infrastructure, Reliance Power, JSW Steel, India Cements, Uttam Galva Steels

Power Grid on CNBC-TV18
-Targetting Rs 30,000 crore of projects to be commissioned in FY17
-Important lines in north east lined up for commission
-Commissioning target for next year expected to be over Rs 30,000 crore
-Expect revenues to improve with higher commissioning
-12th plan had target of 1.1 lakh crore; have done over Rs 88,000 crore till now
-Do not need additional equity as of now
-Will exceed the investment target of 12th five year plan


Bharat Forge
-North American Class 8 truck orders down 37 percent YoY, down 12 percent MoM at 15800 units
-North American Class 8 truck orders in March hit lowest level since September 2012

TCS / Infosys
-Swiss PE firm Partners group initiated talks to sell CSS Corp: ET
-Deal values CSS at USD 400-450 million
-Preliminary feelers are sent out to Infosys, TCS, Blackstone, Carlyle, APAX
-CSS Corp transaction would be a strategic fit for Infosys, TCS

JK Tyre
-Writes off Rs 650 crore of Hardiwar plant investment: DNA
-Move in order to wipe out losses suffered by earlier owner Kesoram Industries

GM Breweries Q4 YoY
-Total income at Rs 91.7 crore versus Rs 77.9 crore
-EBITDA at Rs 22.5 crore versus Rs 12.4 crore
-PAT at Rs 17.4 crore versus Rs 5.7 crore
-Board recommends bonus 1:4

-Company stops coal imports: ET
-Abundant supplies with Coal India helps company end imports four years ahead of target

JMC Projects
-Gets second provisional certificate to start operations at UP-MP border road project
-Toll Plaza-II of Rewa MP-UP border road project fully operational

Nestle - Maggi Case Update:
-Supreme Court to next hear the case on April 19
-Mysore Laboratory submits report in a sealed envelope to Supreme Court
-SC asks report to be given to Nestle & Centre for their view
Government to SC:
-First report says lead content within the permissible limits
-Sixteen reports submitted so far by the Mysore Labs
Nestle to SC:
-FSSAI’s recent notification says not possible to determine MSG content post manufacturing
-MSG levels can only be determined during manufacturing process

SH Kelkar
-Executes purchase of RHAPL for Rs 28.17 crore & Rs 5 crore paid for goodwill
-Also executes acquisition of HTT's flavours division for Rs 25.1 crore

Era Infra Engineering
-Consortium of company & SRS Real Infra secures contracts from Government of Congo for USD 87.6 million (Rs 586 crore)
-Also secures government contracts (India) for Rs 356.8 crore, jointly with JS Grover Constructions

Other stocks and sectors that are in news today:
-Future Retail approves acquisition of FabFurnish.Com from Bluerock eServices for Rs 4.86 per share
-Gallantt Ispat approves proposal to invest Rs 511 crore to expand capacity of various plants
-Lenders to Kingfisher - say no to company's Rs 4,000 crore part repayment: FE
-TCS results on April 18
-RPG Life Sciences receives EUGMP certification for formulation facility at Ankleshwar
-Cupid in focus - Environment ministry says condom manufacturers must now provide disposal pouch: ToI
-Equity Intelligence buys 2.08 lakh shares of Talwalkars at Rs 196.96/share
-Sandur Manganese in focus - Karnataka government restores ore mining limit to 1.6 million tonne from 0.74 million tonne
-Central Electricity Regulatory Commission amends Renewable Energy Credit regulations; Indsil Hydropower is not eligible to claim RECs for captive power generation anymore
-GP Petroleums launches Repsol Lubricants (Spanish Brand) in India
-Sugar companies in focus - Government to consider sugarcane prices for next season today: BS
-India serves steel products anti-dumping notice on China, others: Reuters
-Welspun looking to sell 1.1 GW assets for EV of Rs 9,500-10,000 crore: Mint
-Mobile Tech - SEBI has asked certain promoters to make an open offer
-Pantaloons diversifies into childwear; opens new stores: Mint

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First Published on Apr 6, 2016 08:01 am
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