Here are stocks that are in news today:
Results Today - DCB Bank, Lakshmi Vilas Bank, IndusInd Bank, Geojit BNP
Yes Bank-Company plans to raise Rs 3000 crore by September-To be classified as Tier-II, non equity, capital-Part of a Rs 8000 crore capital raising program
UltraTech Cement-UltraTech drops out of race for Holcim-Lafarge assets: ET-Company hasn’t participated in the final round of bidding-They had placed a bid in round 1 for assets worth USD 2 billion
NTPC-To invite tenders for USD 1.2 billion Bangladesh joint venture power project: ET-The coal-fired 1320MW plant to be operational by FY18
Reliance Communications-Company to outsource call centre, shared services operations to Vertex: ET-Awarded a Rs 750 crore deal to UK Based Vertex, to outsource operations
Cipla-Company may restart supply of drugs to AIDS program: BS-Out of 2.1 million HIV patients in India, 7.5 lakh rely on free drugs-They were in acute short supply at the end of 2014
Natco Pharma-Bristol-Myers Squibb, Natco Pharma settle patent dispute-Dispute was over the patent of Hepatitis B drug Entecavir: BS
GMR Infrastructure-Has started road shows for Delhi International Airport's (DIAL) maiden overseas bond issue: ET-Company has plans to raise about USD 290-300 million (Rs 1800-1864 crore) in dollar bonds-Funds will be used to retire debt on the Airport's books
Videocon Industries-Videocon Telecom, the telecom arm of Videocon Group, has received interests from a Mexican company & an Indian telecom player to buy a 49 percent stake: ET-But any deal would happen only after the auction of telecom frequencies, in February, and after the government offers more clarity on merger and acquisition rules
Idea Cellular-Microsoft Mobiles, maker of Lumia smartphones, has tied up with Idea Cellular for enabling the telco's 34 million data users to purchase apps and pay for them through monthly bills or prepaid balances: ET-Has said that discounts and freebies on voice and data tariffs will be reduced in the coming months: TOI
Fund ActionBEML-Merrill Lynch Capital Markets Espana S.A. SVB buys 2.5 lakh shares at Rs 847/shareRamkrishna Forgings-UTI Mutual Fund - MID Cap Fund (UT160) buys 3.8 lakh shares at Rs 388/share
Biocon completes 10 percent stake sale in Syngene to IVF TrusteeAlert: Silver Leaf Oak had assigned its rights & obligations to acquire 10 percent stake in Syngene to IVFAlert: Biocon & its arm now hold 85.54 percent stake in Syngene
Telecom Minister Ravi Shankar Prasad says received Rs 19,000 crore investment proposals for electronic manufacturing-Government approved Rs 5,000 crore of Rs 19,000 crore proposals received-Thank defence minister for resolving 8-year old issue of vacating spectrum-Will have clarity in 45 days on swapping of spectrum with defence ministry-There's clarity on 800, 900, 1,800 & 2,100 MHz spectrum-Mandated by law to reconsider pricing given difference of opinion with TRAI
CMC Q3 consolidated-Net profit down 5 percent at Rs 72.1 crore (QoQ)-Income from operations up 3.5 percent at Rs 638.1 crore (QoQ)-EBITDA down 10.6 percent at Rs 93 crore (QoQ)-EBITDA margin at 14.6 percent versus 16.9 percent (QoQ)
Delhi HC grants interim injunction against Cipla in Indacaterol patent caseNovartis versus Cipla Patent Case-Delhi High Court upholds Novartis’ patent infringement claim against Cipla-Delhi High Court grants interim injunction versus Cipla on use of Novartis’ patent on IndacaterolAlert: Novartis sought to block Cipla’s manufacture & sale of IndacaterolAlert: Cipla challenged Novartis’ patents saying it failed test of public interestAlert: Cipla claimed Onbrez too expensive, not easily available to publicAlert: Novartis sells inhaler Indacaterol, brand name ‘Onbrez’, through its licencee Lupin-Delhi High Court grounds of non-working of patents can be entertained under compulsory license application-Delhi High Court says statutory & monopoly rights of Novartis can’t be nullified until patent is held to be invalid-Delhi High Court says article 21 cannot be pressed into service by infringer seeking to justify infringement of valid patent
No fresh investment plan submitted by SpiceJet on Monday: Sources-Investors earlier said investment plan would be ready by January 12-Spicejet COO & CCO met aviation ministry officials, DGCA on Monday-Further relief from airport dues only after a firm plan submitted-AAI dues are now over Rs 200 crore
SREI Infrastructure/Deccan Chronicle Holdings-SREI Infrastructure Finance has emerged as the single-largest shareholder in Deccan Chronicle Holdings (DCHL), garnering nearly a fourth of equity holding in Deccan Chronicle Holding.-SREI, one of the lenders to DCHL, was allotted 6.6 crore equity shares of Rs 2 each at a premium of Rs 1.2: ET
Other stocks and sectors that are in news today:-SpiceJet likely to lay off about 1000 employees in the next few weeks: BS-SEBI imposed a penalty of Rs 11.80 crore on Brooks Lab and top 5 executives for fraudulent activities including "round tripping of funds" from company's IPO proceeds: ET-Celestial Biolabs to launch patented anti-diabetic product-Educomp: Board meet on plans of considering options to restructure its debt-Tricom India issue & allotment 57.8 lakh equity shares of Rs 2/share each on preferential basis-ECE Industries to consider delisting of company from either NSE or BSE-Era Infra bags order worth Rs 328.7 crore in Chhattisgarh for rehabilitation & upgradation of NH-216-Crompton Greaves signs MoU with French company Arelis to supply electronics components-President signs Mines & Minerals Development & Regulation Ordinance: Sources-Cairn India says no definite plan to merge company with Vedanta Group-Hindustan Zinc says no definite proposal for company’s merger with Sesa Sterlite-Ford to invest USD 1 billion in its manufacturing unit in Gujarat
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