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Last Updated : Sep 03, 2015 10:27 AM IST | Source: CNBC-TV18

Stocks in news: Cipla, HCL Tech, Va Tech Wabag, Jet, eClerx

Cipla | Tata Motors | HCL Technologies | SAIL | Va Tech Wabag | Jet Airways | eClerx Services | Ratnamani Metals | Ujaas Energy | Mahindra Holidays and Vascon Engineers are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Fund Action: Mercator
-Lotus Global (Deutsche Bank) sold 82.9 lakh Shares at Rs 22.48 per share
-Albulla investment Fund bought 82.9 lakh Shares at Rs 22.48 per share

PM Narendra Modi raises concern over high airfares during festive season
Aviation ministry official says
-Airfare regulation not on cards; may explore other methods to check fare
-Optimal use of bilateral rights will increase seat supply & bring fare down


Committee of secretaries to be constituted soon to examine civil aviation policy: Sources
-Secretaries of civil aviation, finance, tourism, home & defence to be part of committee
-Policy to come up for public consultation once companies examine it
-Policy includes options on controversial 5/20 rule

Government launches Automotive Mission Plan 2016-2026
Government says
-Objective of automotive mission is to hit topline of Rs 16.6-18.8 lakh crore by 2026
-Plan to increase exports intensity by 35-40 percent via Automotive Mission Plan
-Target investments of Rs 4.5-5.5 lakh crore in next 10 years

Vascon Engineers raises Rs 100 crore via rights issue
Vascon Engineers says
-Promoters infuse Rs 60 crore via rights issue, now hold 48.02 percent
-Debt post rights issue stands at Rs 273 crore

Met Department says
-Monsoon rains may be below prior forecast of 88 percent of long-term average
-Monsoon will start retreating over the weekend
-June 1-September 2 rainfall at 640.7 mm, 12 percent below normal

Mahindra Holidays
-Will increase stake in Holiday Club Resorts Oy, Finland to 86.38 percent
-Stake in Holiday Resorts Oy will be 86.4 percent post €10 million investment

HCL Technologies
-Manchester United announces partnership with HCL Technologies
-HCL Tech says will create state-of-the-art lab at Old Trafford Stadium

Pawan Munjal, CMD & CEO, Hero Motocorp says
-Monsoon has been below expectation
-Below expected monsoon a cause of concern
-Trying to balance out our inventories
-Doing better in retail sales; wholesale performance lower than last year
-Expect good performance this festive season
-Would launch two new platforms in the coming week
-Products under ABR will now be manufactured in India
-Gujarat facility under construction; Jaipur innovation facility to be opened soon

IRB Infra executes concession agreement with NHAI for six-laning Agra highway
IRB Infra says
-Estimated project cost for Agra highway is Rs 2,650 crore
-Consession period of project is 24 years

Other stocks and sectors that are in news today:
-Cipla acquires rights to market Percos Skincare products: ET
-Kamat Hotels close to selling VITS Hotel for Rs 190 crore: ET
-Tata Motors' Sanand plant to roll out 1st non-Nano model in December: BS
-SAIL to spend Rs 7,500 crore on expansion and modernisation
-VA Tech Wabag JV gets order worth Rs 1,500 crore from Petronas
-Jet Airways board approves merger of Jet Lite with company
-eClerx Services says board to meet on September 11 to mull merger of arm Agilyst with company
-Labour Union’s strike hits Coal India, production down to 50 percent: PTI
-Ratnamani Metals bags order worth Rs 528 crore from L&T
-Ujaas Energy bags order from Oil India; estimated cost is Rs 88 crore
-Sadbhav Infra IPO subscribed 2.22x till 5 pm
-ABB India MD Bazmi Husain appointed chief technology officer of parent company ABB
-FM radio auction: 112 rounds of bidding concludes; total winning price stands at Rs 1,156.2 crore

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First Published on Sep 3, 2015 08:17 am
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