Here are stocks that are in news today:
Infosys-Infosys is evaluating a dozen more startups-All aimed not at bulking revenues or adding clients-Looking at gaining cutting-edge technology such as automation and artificial intelligence (AI): ET
Real estate stocks in focus-Environment ministry has made it easier to get green clearance for building construction, area development & township projects-All projects with a built up area of 20,000-1,50,000 square metre will no longer be required to get clearances from the environment ministry-These projects can go ahead with approvals from the state-level environment authority-Projects in critical zones exempted from green nod: ET
Tech Mahindra-Tech Mahindra plans to invest USD 150 million over the next 3-4 years in creating innovative solutions, both in-house and with partners-To also use it to fund acquisitions: ET
Lanco Infratech-Lanco Group has approached lenders to reschedule Rs 1,000 crore debt of two of its gas-based power plants in Andhra Pradesh till January 2018-Company also sought similar reprieve from lenders for some of its power plants under RBI's 5:25 formula-The consortium of lenders led by Axis Bank is likely to give nod for the restructuring of loan for the two plants in a few days
Fund actionABG Shipyard-The Ratnakar Bank sells 3.54 lakh shares at Rs 203.45/shareeClerx Services-Ironwood Investment Holdings sells 4.94 lakh shares at Rs 1300.92/shareS Kumars Nationwide-Industrial Development Bank of India sells 17.13 lakh shares at Rs 3.50/share
Sanofi India Q4-Net profit at Rs 92.5 crore versus Rs 92.7 crore (YoY)-Net sales up 4.3 percent at Rs 481.1 crore versus Rs 461.1 crore (YoY)-Board recommends special dividend of Rs 11/share
Coal India says-Company and arms to invest Rs 6,000 crore in FY16 towards capex-Also earmarked Rs 6,000 crore for railway and infra development in FY16
Delhi HC lets Birla Corp bid in next round of coal block auctionsAlert: Birla Corp moved Delhi HC over disqualification in 1st round
Delhi High Court agrees to hear Electrosteel's plea w.r.t coal ordinance-Electrosteel challenges quantum of compensation for mining infraAlert: Electrosteel claims compensation of Rs 1189 crore, government provides for Rs 38 crore-Delhi High Court issues notice to government, matter to be heard on March 27Alert: Similar plea filed by GVK Power, matter to be heard on March 23
NSE says-DLF and JSPL to be excluded from Nifty w.e.f March 27-Idea Cellular and Yes Bank to be included in Nifty w.e.f March 27-Indiabulls Housing Finance and United Spirits to be included in Nifty Junior w.e.f March 27-Aurobindo Pharma, Bharti Infratel to be excluded from CNX Midcap w.e.f March 27-Bhushan Steel, HDIL, TV18 to be excluded from CNX Midcap w.e.f March 27-DHFL, DLF, JSPL to be included in CNX Midcap w.e.f March 27-Marico, Wockhardt to be included in CNX Midcap w.e.f March 27
CCI chairperson Ashok Chawla to CNBC-TV18-No change in market structure by SpiceJet share transfer-Didn't take much time to approve SpiceJet share transfer-SpiceJet share transfer to not have any impact on consumer-Aviation market in India will see an upside-Probing if airlines acting in concert w.r.t airfares-No conclusion yet on alleged collusion in airfare pricing-Will look at diesel & petrol price fixation by oil marketing companies-OMCs have received an injunction from HC-No reason why diesel & petrol prices must move in tandem-No specific need for major amendment to Competition Act-Government needs to decide if it wants to amend Competition Act-No change in company's view of Competition Act with government change-Auction of natural resources is preferred way of allocation-Auction enables determination of market prices-Can't control market price determination in auctions
Kalpataru Power says arm Shree Shubham Logistics files DRHP with SEBI for IPOAlert: Kalpataru Power holds 76.6 percent share in Shree Shubham Logistics-Shree Shubham Logistics to issue 21 crore shares in fresh equity, to additionally issue 70 lakh shares via OFS
Government notifies 49 percent FDI cap in insuranceGovernment says-Up to 26 percent FDI in insurance allowed via automatic route-Proposals for FDI in insurance above 26 percent and up to 49 percent to require FIPB nod
United Spirits says-Karnataka High Court approves hiving off Poonamallee, Chennai unit-To hive off Chennai unit to Enrica Ent
Coal block e-auctions: BALCO wins Gare Palma IV/1 coal block at Rs 1,585 per tonneAlert: JSPL owned Gare Palma IV/1 coal block before the auctionAlert: Gare Palma IV/1 block reserved for the non regulated sector
Coal block case-Sarda Energy withdraws petition against government at Delhi HC-Delhi HC says government has right to calculate formula for coal blocks
Other stocks and sectors that are in news today:-NSE, BSE say to remain open for trading on Budget day-DLF/Parsvnath Developers/JSW: Government approved the applications of 56 SEZ developers, including JSW Aluminium and Parsvnath, to surrender their projects: ET-Jet Airways plans a foray into the air cargo business by leasing 3 Airbus A330-200F wide-body freighter aircraft from Etihad, its Abu Dhabi-based partner: BS-Volvo is in talks with M&M, Hindustan Motors and General Motors India to explore the feasibility of utilizing the facilities of one of these auto companies to assemble its vehicles in India: BS-Bharti Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G services in areas where either of them is having a weak presence: BS-PNB-EGM on March 19: To approve the raising of equity capital of the bank by way of QIP/FPO/ESPS or any other mode-Prime Focus outcome of board meting: The company have decided to make an offer for the issuance of upto 4,000 unlisted, unrated, redeemable debentures not convertible into equity shares of the company of face value of Rs 1 lakh each aggregating upto Rs 27 crore on a private placement basis-Mahindra CIE/M&M shareholders approved related party transactions with M&M upto Rs 1200 crore-A2Z Infra Engineering-notice of postal ballot: Issue of equity shares on preferential basis to Mestric Consultants, the promoter group company to raise upto Rs 22.20 crore-DLF to divest 50 percent stake each in 4 projects to PE firms for Rs 3,000 crore-CCI clears merger of Kotak Mahindra Bank and ING Vysya Bank-Sesa Sterlite seeks shareholders nod to change name to Vedanta-3i Infotech allots 15.4 lakh shares on conversion of FCCBs worth USD 500,000-Ashoka Buildcon resumes toll collection at Dewas bypass road project-Apollo Hospitals signs MoU with Macedonia to develop healthcare services-Usha Martin seeks shareholder nod for issue of convertible warrants on preferential basis to promoter & promoter group-RBI says Hathway Cable reached FDI limit-RBI revises guidelines for private placement of NCDs by NBFCs-Counseled Mercantile acquires over 1.35 crore shares in Future Retail at Rs 103/share-Hindalco wins Gare Palma IV/4 coal block at Rs 3,001 per tonne-Jaiprakash Power says 2nd unit of 660 MW of Nigrie thermal power project commences operations-Sun TV Promoter Kalanithi Maran creates pledge on 1.09 crore shares (2.8 percent equity) on February 16-19
Disclosure: Reliance Industries (which owns Reliance Jio) has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
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