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Last Updated : Dec 18, 2015 08:48 AM IST | Source: CNBC-TV18

Stocks in news: HDFC, Maruti, Infosys, Power Grid, Vedanta

HDFC | Maruti Suzuki | Infosys | TCS | HCL Technologies | Wipro | Mahindra & Mahindra | Power Grid | Somany Ceramics | Vedanta | Jyoti | Prestige Estates | Idea Cellular | Mutoot Finance | Tata Power and Gujarat Gas are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Maruti Suzuki
-Company says minority shareholders have approved Gujarat plant resolution
-89.75 percent minority shareholders voted in the favour of Gujarat resolution

Banking stocks in focus: PSU and private sector banks
-RBI says norms on marginal costs lending rate for banks to be effective from April 1, 2016
-All rupee loans & credit limits w.e.f. April 1, 2016 will be priced with reference to MCLR
-MCLR will be a tenor linked internal benchmark


IT companies in focus: Infosys, TCS, HCL Technologies, Wipro
-US to double special fee on H1B, L1 visa fee
-Indian IT industry could be hit by as much as USD 400 million

-ERGO to up stake in HDFC ERGO JV from 25.84 percent to 48.742 percent
-ERGO to up stake in HDFC ERGO to 48.7 percent at Rs 90.973/share
-Stake hiked for Rs 1,112 crore

Take Solutions
-Company says Chennai rains impacted company's business operations
-There have been delays in client delivery due to Chennai rains
-Expect some deliveries to slip into next quarter due to Chennai rains
-One-time costs due to Chennai rains will impact Q3 revenue & margins

Somany Ceramics
-Sets floor price for QIP at Rs 357.25/share (9 percent discount to current market price)
-QIP size Rs 150 crore
-Stock was up 18 percent at Rs 393/share yesterday

Power Grid Corporation
-RBI says FIIs/RFPIs in company has gone below threshold caution limit
-FIIs/RFPIs will now be able to buy shares in company from immediate effect

Mahindra and Mahindra
-Company may unveil petrol engine soon: ToI
-Company said to have been developing one in their Ssangyong stable

-Company may suspend mining operations in Goa: ET
-This is owing to ongoing dispute between the firm and truck operators

Other stocks and sectors that are in news today:
-Jyoti bags order worth Rs 139 crore from DRN Infra
-Competition Commission of India CCI sets aside complaints of unfair business practices against Prestige Estates
-Idea Cellular mulls hiking data charges in the next few weeks: PTI sources
-NHAI turns down plea of IDFC for monetary assistance wrt Delhi Gurgaon expressway: FE
-Muthoot Finance - Muthoot Microfinance in talks to sell 10 percent stake for Rs 100 crore: ET
-Tata Power & Gamesa India in pact to commission 100 MW turnkey wind project in Andhra Pradesh
-Gujarat Gas executes gas purchase contract for regasified LNG with GSPC
-Nestle in focus - Centre to fight Supreme Court stay order on Maggi: BS

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First Published on Dec 18, 2015 08:22 am
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