Here are stocks that are in news today:
Q3FY14 GDP data-GDP at 4.7 percent versus 4.4 percent (YoY)-GDP at 4.7 percent versus 4.8 percent (QoQ)-GDP growth revised to 4.4 percent from 4.5 percent
Jaiprakash Power Ventures to sell 2 hydropower units to TAQA-led consortium-JP Power to sell 1400 MW hydro projects to TAQA-led consortiumAlert: TAQA is Abu Dhabi National Energy Company-Hydro units' enterprise value at Rs 10,500 crore including Rs 6,500 crore debt-TAQA to own 51 percent, PSP of Canada to own 39 percent, IDFC to own 10 percent-JP Power to get around Rs 4,000 crore cash from deal-JP Power-TAQA deal to be announced shortly-TAQA to operate the 2 hydropower units-EY M&A advisor to JP Power for deal-Legal advisors to JP Power are Vaish & Associates and Bansi S Mehta-Trilegal the advisor to TAQA-Deal involves acquisition of 100 percent equity by TAQA-led consortium
TAQA says-Consortium led by company to buy 2 hydropower units from JP Power-Company to spend about USD 616 million on acquiring JP Power plants-Enterprise value of JP Power plants it’s buying, including debt, is about USD 1.6 billion
February auto sales: Maruti Suzuki-Total sales at 1.09 lakh units versus 1.02 lakh units (MoM)-Total sales down 0.4 percent at 1.09 lakh units (YoY)-Domestic sales at 99,758 units versus 96,569 units (MoM)-Domestic sales up 1.8 percent at 99,758 units (YoY)-Exports at 9,346 units versus 5,847 units (MoM)-Exports down 19.5 percent at 9,346 units (YoY)
February auto sales: TVS Motor-Total sales at 1.77 lakh units versus 1.86 lakh units (MoM)-Total sales up 7 percent at 1.77 lakh units (YoY)-Exports at 28,782 units versus 28,875 units (MoM)-Exports up 31 percent at 28,782 units (YoY)-2-wheeler sales at 1.70 lakh units versus 1.7 lakh units (MoM)-2-wheeler sales up 6 percent at 1.70 lakh units (YoY)-3-wheeler sales at 7,369 units versus 6,737 units (MoM)-3-wheeler sales up 53 percent at 7,369 units (YoY)
February auto sales: Mahindra and Mahindra-Total sales at 42,166 units versus 42,685 units (MoM)-Total sales down 12 percent at 42,166 units (YoY)-Passenger vehicle (PV) sales at 19,308 units versus 19,792 units (MoM)-PV sales down 18 percent at 19,308 units (YoY)-Domestic sales at 39,338 units versus 40,324 units (MoM)-Domestic sales down 11 percent at 39,338 units (YoY)-Exports at 2,828 units versus 2,361 units (MoM)-Exports down 17 percent at 2,828 units (YoY)-Total tractor sales at 17,592 units versus 20,109 units (MoM)-Total tractor sales up 18 percent at 17,592 units (YoY)-Domestic tractor sales at 16,552 versus 19,389 units (MoM)-Domestic tractor sales up 19 percent at 16,552 units (YoY)-Tractor exports at 1,040 units versus 720 units (MoM)-Tractor exports up 13 percent at 1,040 units (YoY)
February auto sales: Tata Motors-Total sales at 39,951 units versus 40,481 units (MoM)-Domestic sales at 35,315 units versus 36,657 units (MoM)-Commercial vehicle (CV) sales at 23,990 units versus 25,683 units (MoM)-PV sales at 11,325 units versus 10,974 units (MoM)-LCV sales at 14,881 units versus 17,517 units (MoM) -Medium and heavy CV sales at 9,109 units versus 8,166 units (MoM)-Exports at 4,636 units versus 3,824 units (MoM)
Maruti Suzuki (MSIL) to CNBC-TV18-See royalty rates coming down as more products being made by company-Individual models' royalty rates to be modified going forward-Some investors not convinced with our explanation-Not all investors are unhappy with the arrangement at Gujarat-LIC hasn't expressed concerns, but has sought an explanation-Will explain to LIC why deal is good for everyone shortly-Arrangement to add Rs 1,500 crore to bottomline-Not looking to sell Gujarat assets to MSIL in future-Sale to MSIL clause included only to allay investor concern-Will clarify to SEBI if the body raises concerns
IOC-Hikes petrol price by 60 paise per litre-Hikes diesel price by 50 paise per litre-Hikes aviation turbine fuel price by 1 percent to Rs 74,825.54/kl, non-subsidised LPG rate cut by Rs 53
IOC says-Fuel price hike excluding tax levies-Loss on retail diesel sale at Rs 8.37/litre post price hike-Current revenue loss on kerosene sale at Rs 36.34/litre-Revenue loss on subsidised LPG sale at Rs 605.50/cylinder-Company's FY14 subsidised fuel sale revenue loss seen at Rs 74,000 crore-PSU companies FY14 subsidised fuel revenue loss seen at Rs 1.43 lakh crore-Will wait till March-end to take a call on Haldia Petrochemicals: PTI
Divestment secretary Ravi Mathur says LIC to buy 5 percent in BHEL via block deal by end of FY14Government sources say-Empowered group of ministers (EGoM) likely to meet again on BHEL stake sale this week-Finance ministry to take final call on timing of BHEL stake sale
Coal India says-Coal Mine Officers’ Association plans strike from March 13-15-Board agrees to supply fuel to power companies till they develop mines
HDFC-Raises USD 300 million ECB under low cost affordable housing scheme-Raised USD 300 million forex loans at 1.75 percent above LIBOR
Fertiliser secretary Shaktikanta Das to CNBC-TV18-Urea fixed cost hike to be based on market price or Rs 350/tonne-Units getting less than Rs 2300/metric tn, will get additional subsidy-Units older than 30 years, will get additional subidy of Rs 150/tonne-Clause related to guaranteed buyback of production removed-Each fertiliser unit must give bank guarantee of Rs 300 crore-Quantum of bank guarantee may be reduced gradually
MSCI changes applicable today -Lupin, Power Grid, Zee Entertainment to be deleted from MSCI standard index-Will get effective after markets close on February 28 (will be effective from today)
Delhi High Court-Adjourns Roche-Biocon/Mylan case hearing to March 13CNBC-TV18 Alert: Roche challenged validity of clinical trials for Biocon's version of breast cancer drug Herceptin
BSE changes-To shift 106 scrips to trade- to-trade segment applicable today-Asian Oil field Services, Global Offshore, Orient Press
Corporate action-Gujarat Auto stock spilt from Rs 10/share to Rs 2/share-Zee Entertainment scheme of arrangement
HT Media-Rakesh Jhunjhunwala buys 15 lakh shares via block deal (Rare Enterprises)-Amansa Holdings sells 18 lakh shares at Rs 71.26/share
Sabero Organics Gujarat-Coromandel International buys 5.58 lakh shares at Rs 118/share-Parry Chemicals sells 5.58 lakh shares at Rs 118/share
Government-Ups gold base import price to USD 433/10 gram versus USD 412/10 gram-Ups silver base import price to USD 699/kg versus USD 663/kg
Other stocks and sectors that are in news today:-ONGC completes acquisition of Anadarko’s 10 percent Mozambique block share-NHPC says unit-4 Uri-II hydro electric project begins operations on Saturday-Nishi Vasudeva takes over as HPCL chief-SBI board to consider interim dividend for FY14-Railway stocks in focus: Cabinet likely to consider FDI in railways this week-MOIL: BT Funds Management sells 8.99 lakh shares at Rs 232.5/share-Tesco’s USD 110 million investment in Trent to take time: BS-ICRA open offer at Rs 2000/share opens on April 23, closes on May 8-Welspun India: Welspun Infra Developers buys 5.78 lakh shares at Rs 101.5/share
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