Here are stocks that are in news today:
Results Today: DLF, M&M, SBI, SAIL, REC, Britannia Industries, Punj Lloyd, HDIL, Shree Renuka Sugars, Spicejet, Unitech, Suzlon Energy, CRISIL, Cox & Kings, Dishman Pharma, Elder Pharma, Financial Technologies, Pipavav Defence, Bajaj Hindusthan, Nestle India, MTNL, IVRCL, Gitanjali Gems, Geodesic, Bharati Shipyard, Allcargo Logistics, ABG Shipyard, Educomp Solutions, Ess Dee Aluminium, Videocon Industries, Uttam Sugar, Shipping Corporation, Plethico Pharma, Patel Engineering, Kesoram Industries, Gammon India
Oil secretary Vivek Rae says-IOC stake to be sold to Oil India (OIL) and ONGC at 10 percent discount to current market price-IOC stake to be sold to OIL and ONGC in an off-market deal
ONGC says-Oil India and company to take 5 percent each in IOC-Decision on next interim dividend likely at March board meet-Likely to decide IOC share buy price in March
Bajaj Auto says-No consensus with Chakan workers on new wage pact-Chakan union head to go on indefinite hunger strike on Sunday-Chakan workers to continue working despite wage dispute
SEBI-Board okays compulsory whistle blower mechanism-Listing pact amendment for corporate governance from October 1-Board also clears 'long-term policy' for mutual funds (MFs)-Recommends Rs 50,000 tax sop for retirement-plan linked MF-Board for allowing EPFO to invest up to 15 percent in stocks, MFs-Board prohibits stock options for independent directors-Board okays policy for enhanced disclosure of remuneration-Board for doubling 80C exemption to Rs 2 lakh for MFs-SEBI for exempting equity MF scheme mergers from capital gains-Nominee directors to not qualify as independent directors-Independent directors can serve on maximum 7 listed companies-Minimum capital norms for asset management companies (AMCs) raised to Rs 50 crore-Restrict term of independent directors to 2 terms of five years -Company boards to have at least 1 woman director
SEBI Chairman UK Sinha says-Process of fixing remuneration has been decided-Will write to exchanges on revision of listing agreement-New class of MF distributors should be encouraged-Listing agreement revised on line of Companies Act 2012-Any executive director can be independent director on 3 other boards-Relative party transaction will be made very wide-Government has to implement most recommendations made at SEBI board today
United Bank Of India-Hikes base rate to 10.50 percent from 10.25 percent effective today-Reduces deposit rate to 8.50 percent from 8.75 percent effective today-Deposit rate reduced for all deposits of 1 year & above
Spectrum Auction: Department of Telecom (DoT) secretary MF Farooqui to CNBC-TV18-Telecom spectrum auction concludes after 68 rounds-Have mopped up more than Rs 60,000 crore via spectrum auction -Working on the final figure raised by spectrum auction
Spectrum Auction: Sources-Government to get Rs 18,000 crore this fiscal as upfront payment-Total bids in 900 MHz spectrum auction at Rs 23,589 crore-Total bids in 1800 MHz spectrum at Rs 37,572 crore-Government mops up Rs 61,161 crore from spectrum auction
Spectrum Auction: Telecom Minister Kapil Sibal says-Government raised Rs 61,161 crore from spectrum auction-Took many actions before auction to clear doubts of companies-Encouraged telecom companies to participate in the auction-Had a level playing field for everybody in spectrum auction-Expect telecom companies to provide services at reasonable price-Hope tariffs remain reasonable in the years to come-Don’t see bids in context of 2013-14, these licences are for 20 years-By 2020, perhaps telecom companies will feel this amount was too little-Government will about Rs 20,000 crore in this fiscal from auction-‘Those that were not in biz earlier have deep pockets’-Can not say if Bharti has suffered a set back-All spectrum in 900 MHz sold out-1,800 MHz spectrum in 9 circles remained unsold
Spectrum Auction: Government says-Bharti Airtel wins 900 MHz in Mumbai, Kolkata and Delhi circles-Bharti Airtel, Vodafone win 1800 MHz in Mumbai circle-Vodafone, Idea win 900 MHz in Delhi circle-Reliance Jio wins 1800 MHz band spectrum in some zones-Telenor wins 1800 MHz band spectrum in some zones-Reliance Communications wins 1800 MHz band spectrum in Mumbai circle-Aircel wins 1800 MHz band spectrum in some zones
Bharti Airtel says-Company spends Rs 18,530 crore for spectrum auction-To pay Rs 5,425 crore in FY14 for spectrum (Upfront Payment)-Acquired 115 MHz spectrum in total-Plan to roll-out 4G network using 1800 MHz band spectrum
Spectrum Auction: Idea says-Won 900 MHz for Delhi and 4G in 8 strategic markets-8 strategic markets include Kerala, Maharashtra & Goa, AP, Karnataka, MP & Chhattisgarh, Punjab, Haryana, & North East-Now have ability to extend 3G services to 12 circles-Accepted bid value at approximately Rs 10,400 crore at Rs 160 crore per MHz-Initial payment to be approximately Rs 3,100 crore for spectrum-Balance amount to be paid in 10 equal installments after first 2-year moratorium Tax Department files plea in SC in coal block allocation case-Tax Department seeks SC order to CBI to share Hindalco coal block detailsTax Department to SC:-Want to inspect Hindalco coal block papers seized by CBI-To see if Hindalco coal block papers relevant-Initiated proceedings against Aditya Birla group
RBI says-Banks must set up system, infrastructure for large credit database-Banks must ensure data accuracy while reporting large credit
Other stocks and sectors that are in news today:-Sources say Engineers India FPO cutoff seen at Rs 150/share-Leela to sell 2 hotel properties for Rs 2000 crore: TOI-Infosys plans global talent hunt for MBA’s: ET-Tilaknagar Industries to buy Imperial Spirits for around Rs 400 crore: BS-Canara Bank hikes interest rates on select deposits-Sun Pharma announces US FDA approval for generic Temodar-Government sources say to appoint valuers for Hindustan Zinc, BALCO residual stake-NALCO to mull interim dividend on February 25
ONGC Q3-Net profit at Rs 7,126 crore versus Rs 6,064 crore (QoQ)-Net sales at Rs 20,744 crore versus Rs 22,312 crore (QoQ)-EBITDA at Rs 10,400 crore versus Rs 9,931 crore (QoQ)-EBITDA margin at 50.1 percent versus 44.5 percent (QoQ)-Other income at Rs 2,662 crore versus Rs 1,483 crore (QoQ) IOC Q3-Net loss at Rs 961.5 crore versus profit of Rs 3,332 crore (YoY)-Net sales at Rs 1.17 lakh crore versus Rs 1.16 lakh crore (YoY)-Other income at Rs 1,682 crore versus Rs 957 crore (YoY)
IOC says -April-December gross refining margin at USD 4.97/barrel versus USD 3.11/barrel (YoY)-April-December under-recoveries at Rs 8,818 crore versus Rs 13,227 crore (YoY)-Q3 domestic sales at 18.16 mt versus 18.57 mt (YoY)-Q3 gross refining margin at USD 4.56/barrel versus USD 7.01/barrel (YoY)-Reported loss in Q3 mainly on under-recovery of Rs 7,193 crore
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Natco Pharma Q3 -Consolidated Net Profit At Rs 29.9 Crore Versus Rs 22.6 Crore (YoY) -Consolidated Net Sales At Rs 186.2 Crore Versus Rs 157.8 Crore (YoY)
Future Retail Q3 -Net Profit At Rs 22 Crore Versus Loss Of Rs 20.4 Crore (YoY) -Net Sales At Rs 2,276 Crore Versus Rs 1,253 Crore (YoY) -Exceptional Gain Of Rs 31 Crore On Sale Of Investment
United Spirits Q3 -Net Profit At Rs 65 Crore Versus Rs 80.5 Crore (YoY) -Revenue At Rs 2,308.6 Crore Versus Rs 2,203 Crore (YoY) -EBITDA At Rs 222 Crore Versus Rs 275 Crore (YoY) -Operating Margin At 9.6 percent Versus 12.5 percent (YoY)
MCX Q3 -Net Profit At Rs 21.8 Crore Versus Rs 75.9 Crore (YoY)-Total Income At Rs 61.4 Crore Versus Rs 130.9 Crore (YoY)
Dhampur Sugar Q3 -Net loss at Rs 74.7 crore Versus profit of Rs 7.6 crore (YoY)-Net sales at Rs 434.4 Crore Versus Rs 315.7 crore (YoY)
Shree Ganesh Jewellery Q3 -Net loss at Rs 61 crore Versus profit of Rs 56.6 crore (YoY)-Total income at Rs 2,602 crore Versus Rs 2,886 crore (YoY)
Essar Shipping Q3 -Net loss at Rs 92 crore Versus loss of Rs 10.45 crore (YoY)-Total income at Rs 183.4 crore Versus Rs 361.3 crore (YoY)
Bombay Rayon Q3 -Net loss at Rs 21.5 crore Versus profit of Rs 47.2 crore (YoY)-Net sales at Rs 823 crore Versus Rs 818.7 crore (YoY)
Bombay Dyeing Q3 -Net Loss At Rs 93.1 Crore Versus Loss Of Rs 27 Crore (YoY) -Net Sales At Rs 470.7 Crore Versus Rs 471 Crore (YoY)
Hotel Leela Q3 -Net Loss At Rs 100.6 Crore Versus Loss Of Rs 97 Crore (YoY) -Net Sales At Rs 204 Crore Versus Rs 182.6 Crore (YoY)
Hindustan Dorr Q3-Net Loss At Rs 29.7 Crore Versus Loss Of Rs 49.7 Crore (YoY)-Net Sales At Rs 64.8 Crore Versus Rs 75.8 Crore (YoY)
Lovable Lingerie Q3 -Net Profit At Rs 3 Crore Versus Rs 4 Crore (YoY)-Net Sales At Rs 39.2 Crore Versus 37.8 Crore (YoY)
JK Paper Q3 -Net Loss At Rs 39.4 Crore Versus Loss Of Rs 2.1 Crore (YoY) -Net Sales At Rs 466.4 Crore Versus Rs 368.1 Crore (YoY)
Amtek Auto Q3 -Net Profit At Rs 78 Crore Versus Rs 49.4 Crore (YoY) -Net Sales At Rs 839 Crore Versus Rs 527 Crore (YoY)
Flexituff International Q3 -Consolidated Net Profit At Rs 1.1 Crore Versus Rs 15.9 Crore (YoY) -Net Sales At Rs 259 Crore Versus Rs 246.6 Crore (YoY)
Anant Raj Q3 -Consolidated Net Profit At Rs 23.7 Crore Versus Rs 54.8 Crore (YoY) -Consolidated Net Sales At Rs 155.5 Crore Versus Rs 181.8 Crore (YoY)
Siti Cable Q3 -Consolidated Net Loss At Rs 18 Crore Versus Loss Of Rs 23.8 Crore (YoY) -Consolidated Net Sales At Rs 158.5 Crore Versus Rs 118 Crore (YoY)
Peninsula Land Q3 -Net Profit At Rs 15.6 Crore Versus Rs 36.5 Crore (YoY) -Total Income At Rs 65.5 Crore Versus Rs 138.2 Crore (YoY) -Other Income At Rs 21.2 Crore Versus Rs 54.3 Crore (YoY)
Hathway Cable Q3 -Net Loss At Rs 36.9 Crore Versus Loss Of Rs 7.4 Crore (YoY) -Net Sales At Rs 234.1 Crore Versus Rs 153 Crore (YoY)
Bombay Burmah Trading Q3-Net profit at Rs 0.13 crore Versus Rs 2.1 crore (YoY)-Net sales at Rs 67.4 crore Versus Rs 52.1 crore (YoY)
Bafna Pharma Q3 -Net profit at Rs 1.1 crore Versus Rs 1.4 crore (YoY)-Net sales at Rs 46.7 crore Versus Rs 27.8 crore (YoY)
Amtek India Q3 -Net profit at Rs 60 crore Versus Rs 28.2 crore (YoY)-Net sales at Rs 625.6 crore Versus Rs 390 crore (YoY)
Hanung Toys Q3 -Net loss at Rs 251.8 crore Versus profit at Rs 33.3 crore (YoY)-Net sales at Rs 42.6 crore Versus 442.8 crore (YoY)
Panacea Biotec Q3 -Net profit at Rs 82.7 crore Versus loss of Rs 62.3 crore (YoY)-Net sales at Rs 105.8 crore Versus Rs 166.3 crore (YoY)
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