HomeNewsBusinessStocksStocks in news: IDBI Bank, Titan, Rolta, Wockhardt, Gati

Stocks in news: IDBI Bank, Titan, Rolta, Wockhardt, Gati

Kanoria Chemicals | Global Offshore | Triveni Turbine | Steel Strips Wheels | State Bank Of Mysore | Gati | Ashok Leyland | Thermax | Jet Airways | IDBI Bank | Power Grid Corporation | Bajaj Electricals | Rolta India | Titan Industries | Edelweiss Financial | Container Corporation and Wockhardt are stocks, which are in the news today.

November 07, 2013 / 10:30 IST
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Here are stocks that are in news today:

Results Today: SpiceJet, Tech Mahindra, Cummins India, Eicher Motors, India Cements, United Breweries, MOIL, Arvind Remedies, Aurobindo Pharma, Chennai Petroleum, Redington India, Tata Coffee, Ingersoll Rand, ITI, Nagarjuna Refinery Oil, Prestige Estates, TV Today, Radico Khaitan, Hinduja Foundaries, Hinduja Ventures, HSIL, Tourism Finance Corporation, Triveni Engineering, VA Tech Wabag RBI releases framework for setting up wholly owned units by foreign banks
RBI says:
-Minimum paid-up voting capital for wholly owned units at Rs 500 crore
-Wholly owned units can open branches anywhere in India
-Wholly owned subsidiary (WOS) need RBI nod to open branches in sensitive areas
-WOSs may dilute their stake to 74 percent or less as per FDI policy
-WOSs must list if opting to dilute stake
-WOS must adhere to priority sector lending target of 40 percent
-Banks with complex structures can enter India only via WOS
-Banks which are not widely held can enter India only via WOS
-WOS board must have at least 2/3rd of directors as non-executive directors
-WOS board must have at least 1/3rd of directors as independent directors
-Not less than 50 percent of directors should be Indian/NRIs/PIOs
-WOS parent must issue a letter of comfort to RBI
-Letter of comfort to RBI for meeting liabilities of WOS
-To mull allowing foreign bank to buy local bank later post review Wockhardt says
-UK Regulator okays company to supply, manufacture most products at Kadaiya unit
-Impact on annualised revenue expected to be less than pound 1 million RBI says
-FIIs need prior nod to buy shares of Titan Industries as trigger limit reached
-FIIs need approval to buy shares of Container Corporation as trigger limit reached
-FIIs need prior nod to buy shares of Edelweiss Financial as trigger limit reached ONGC CMD says:
-Many factors, agencies involved in Kirit Parikh Panel report
-'Will be wishful thinking if I say report will be accepted'
-Report to be circulated within cabinet before decision taken
-Export parity pricing will allow subsidy burden to come down for government
-Subsidy burden must also come down for us
-Have paid Rs 26,400 crore in subsidy in H1FY14
-If Iran-US dialogue moves favourably, pressure would ease
-To sign confidentiality agreement with Reliance Industries to share KG Basin data
Boardroom: Sobha Developers says
-Entered into Kozhikode market in Q2
-Positive cash flow generation of USD 1.36 billion in Q2
-Maintain FY14 sales volume target of 4.2 million square feet
-Achieved average realisations of Rs 6,420 per square feet, up 14 percent YoY
-Debt-equity ratio stands at 0.57 Rolta India says
-Promoters increased shareholding in company to over 50 percent from 40 percent
-Promoters to increase shareholding via creeping acquisition over 3 years Other stocks and sectors that are in news today:
-MSCI changes today, effective November 26
-Jet-Etihad deal likely to be delayed: ET
-IDBI Bank to loose Rs 300 crore as Sivasankaran’s Wind company filed for bankruptcy: BS
-PowerGrid: CCEA likely to take up company’s FPO today
-Punjab & Sind Bank to mull up to Rs 100 crore shares issue to government on Monday
-Bajaj Electricals gets power distribution projects worth Rs 757 crore Ashok Leyland Q2
-Net loss at Rs 25 crore versus profit of Rs 142.6 crore (YoY)
-Revenue at Rs 2,549.6 crore versus Rs 3,296 crore (YoY)
-EBITDA at Rs 56 crore versus Rs 334 vrore (YoY)
-Operating margin at 2.2 percent versus 10.1 percent (YoY) Thermax Q2
-Net profit at Rs 30.2 crore versus Rs 91.1 crore (YoY)
-Total income at Rs 1,029.5 crore versus Rs 1,181 crore (YoY)
-EBITDA at Rs 80 crore versus Rs 110 crore (YoY)
-Operating margin at 7.8 percent versus 9.3 percent (YoY) Gati Q1
-Consolidated net profit at Rs 4.6 crore versus loss of Rs 7.8 crore (YoY)
-Consolidated income from operations at Rs 299.3 crore versus Rs 257.5 crore (YoY) State Bank Of Mysore Q2
-Net profit at Rs 30.1 crore versus Rs 145.3 crore (YoY)
-NII at Rs 489 crore versus Rs 472.2 crore (YoY)
-Provisions at Rs 320 crore versus Rs 110 crore (YoY)
-Gross non-performing assets at Rs 2,752.5 crore versus Rs 2,473.3 crore (QoQ)
-Gross non-performing assets at 5.96 percent versus 5.61 percent (QoQ)
-Net non-performing assets at Rs 1,656 crore versus Rs 1,470 crore (QoQ)
-Net non-performing assets at 3.69 percent versus 3.43 percent (QoQ)
-Capital adequacy ratio (Basel III) at 10.96 percent as on September 30 Pennar Industries Q2
-Net profit at Rs 11 crore versus Rs 16 crore (YoY)
-Net sales at Rs 238.2 crore versus Rs 260 crore (YoY) Steel Strips Wheels Q2
-Net profit at Rs 7.3 crore versus Rs 5.5 crore (YoY)
-Net sales at Rs 264.8 crore versus Rs 257.2 crore (YoY) Triveni Turbine Q2
-Net profit at Rs 15.3 crore versus Rs 28.1 crore (YoY)
-Net sales at Rs 122.7 crore versus Rs 179.7 crore (YoY) Global Offshore Q2 consolidated
-Net profit at Rs 9.2 crore versus Rs 4 crore (YoY)
-Total income at Rs 81.5 crore versus Rs 52.8 crore (YoY) Parsvnath Developers Q2 consolidated
-Net profit at Rs 12.5 crore versus Rs 17.9 crore (YoY)
-Net sales at Rs 161 crore versus Rs 147.9 crore (YoY) Kanoria Chemicals Q2
-Net profit at Rs 11.6 crore versus Rs 2.3 crore (YoY)
-Net sales at Rs 77 crore versus 62 crore (YoY) Jyoti Structures Q2
-Net profit at Rs 14.6 crore versus Rs 11.9 crore (YoY)
-Net sales at Rs 648 crore versus Rs 592 crore (YoY)
first published: Nov 7, 2013 08:41 am

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