Here are stocks that are in news today:
Zee Learn / Tree House Education-Will not proceed with agreed share exchange ratio with Tree House-Reconstituted evaluation panel to find ways to salvage Tree House deal-Not to go ahead with merger with Tree House
Coal India-May coal production at 42.58 million tonne (MT) versus target of 44.64 MT-May offtake at 45.53 MT versus target of 50.90 MT
May auto sales: Tata Motors-JLR India sales at 133 units versus 168 units (YoY)-Total sales up 1.4 percent at 40,204 units versus 39,664 units (YoY)-JLR US sales up 8 percent at 7,114 units versus 6,586 units (YoY)-Land Rover US sales down 8 percent at 4,950 units versus 5,382 units (YoY)-Jaguar US Sales up 79.7 percent at 2,164 units versus 1,204 units (YoY)TVS Motor-Total sales up 11 percent at 2.44 lakh units versus 2.21 lakh units (YoY)-Two-wheeler sales up 13 percent at 2.38 lakh units versus 2.10 lakh (YoY)-Three-wheeler sales down 40.8 percent at 5,463 units versus 9,236 units (YoY)Hero MotoCorp-Total sales up 2.3 percent at 5.83 lakh units versus 5.69 lakh units (YoY)Bajaj Auto-Total sales up 1 percent at 3.47 lakh units versus 3.45 lakh units (YoY)-Exports down 10 percent at 1.43 lakh units versus 1.59 lakh units (YoY)-Motorcycle sales up 2 percent at 3.07 lakh units versus 3.02 lakh units (YoY)-3-wheeler sales down 7 percent at 40311 units versus 43,576 units (YoY)
Punj Lloyd-UK Court orders unit to pay fine of USD 26.2 million to International Finance Corp-Company is evaluating various legal options & will take appropriate steps-UK Court also orders unit to pay £75,000 as assessment costs
Gammon India-Got notice of conversion from DBS Bank for conversion of debt to equity under strategic debt restructuring (SDR)-DBS Bank to convert debt worth Rs 4.9 crore into 41 lakh shares at Rs 11.89/share-Post conversion shareholding of CDR lenders & DBS Bank to be 63.07 percent of company
ICICI Bank-Cuts MCLR by 5 bps across tenures effective June 1-Cuts 1-year MCLR by 5 bps to 9.15 percent
Lambodhara Textiles Q4 YoY-Total income Rs 29.4 crore versus Rs 31.3 crore-EBITDA at Rs 3.4 crore versus Rs 4.5 crore-Net profit at Rs 58 lakh versus Rs 1.02 crore-Tax expense at Rs 1.1 crore versus credit of Rs 20 lakh
Reliance Infrastructure-IiAS (Investor Advisory Services) recommends shareholders to vote against proposal of transferring power business to wholly owned subsidiary: BS-Says that it could lead to increased debt
Jyothy Labs-Henkel AG might invest in Jyoth Labs: BS-Contemplating picking up stake at Rs 500-600 per shareJyothy Labs to CNBC-TV18-There is an option for Henkel to invest in company-Henkel's option to buy stake to expire in March 2017-Price at which stake can be bought will be decided mutually-Price cannot be less than SEBI guideline price-Henkel has an option to buy up to 26 percent stake in company-Company has an 'option agreement' with Henkel-It could be a combination of fresh shares issue and/or promoters selling stake
Rolta India-S&P lowers credit rating again: FE-Long term corporate credit rating down to ‘SD’ from 'CCC-'
Other stocks and sectors that are in news today:-South Indian Bank board approves issue of Basel-III compliant bonds of up to Rs 500 crore-PNB sets overnight MCLR at 9.15 percent, 1-month at 9.2 percent, 1-year at 9.4 percent-Century Plyboards incorporates a step-down subsidiary in Vietnam, for real estate & leasing business-Lux Industries face value to split from Rs 10 to Rs 2 from June 6-Kajaria Ceramics board meet to consider stock split on June 16, from Rs 2 to Re 1-ONGC likely to cut value of GSPC deal: FE-Patel Engineering's lenders decide to implement SDR: FE
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