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Last Updated : Sep 11, 2015 11:19 AM IST | Source: CNBC-TV18

Stocks in news: Infosys, Arvind, Coal India, Natco, Cairn

Infosys | Arvind | Larsen and Toubro | Coal India | United Bank | Ashapura Fashion | Amtek Auto | Dabur India | MRF | Natco Pharma | Raymond | Wonderla Holidays | TVS Motor | Reliance Communications and Cairn India are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Arvind ties up with retailer Sephora
-Sephora is owned by Moet Hennessy Louis Vuitton: ToI

Spectrum trading rules likely hit Reliance Communications, Sistema merger talks
-Deal cost likely to rise by Rs 3,980 crore: ET


Fitch on India
-Spectrum trading to accelerate telecom companies consolidation
-Spectrum trading to reduce regulatory uncertainty, ease network congestion
-New spectrum trading rules are credit positive for Reliance Communications
-Reliance Communications can now leverage through monetising Pan-India 800 MHz spectrum

Cairn Energy set to approach International Court of Justice against Indian Government
-Company to ask for appointing arbitrator in USD 1.6 billion pending tax case w.r.t. its IPO in 2006: FE

IndiGo FY15 net profit at Rs 1,304 crore versus Rs 317 crore YoY
-IndiGo FY15 revenue at Rs 14,320 crore versus Rs 11,447 crore (YoY)
IndiGo says
-Former BoB chairman MD Mallya & former World Bank executive Anupam Khanna Join company's board
-Have added 1,400 new employees in FY15
-Placed fresh order for 250 A320neo aircraft; total aircraft order at 430

Infosys & Association Of Tennis Professionals (ATP) announce strategic technology partnership
-Infosys says to become global tech services partner & platinum sponsor of ATP world tour

Tamil Nadu CM J Jayalalitha says
-Total investment finalised during Tamil Nadu Global Investor Meet (TNGIM) at Rs 2.42 lakh crore
-Road shows in 11 countries & 16 Indian cities have paid off
-5,345 MW solar energy capacity to be built through investments signed
-Of total manufacturing sector investments, almost 50 percent dedicated to southern districts
-With auto MoUs to be signed, Chennai to become world's largest car manufacturing hub
-Will ensure total online provision of all statutory investment clearances
-TNGIM to be held every 2 years now on; next will be held in 2017
-Tamil Nadu will remain top investment destination in India
-Tamil Nadu will be among top 3 investment destinations in Asia Pacific
-Looking to develop an app to make land records publicly available

Cognizant to invest Rs 1,000 crore in Tamil Nadu over 5 years
-Move to expand delivery infrastructure in Chennai and Coimbatore: FE

TVS Motor
-Signs MoU with Tamil Nadu government for Rs 350 crore investment
-To invest Rs 350 crore in its existing 2 & 3-wheeler units in Hosur in 3 years

Wonderla Holidays signs MoU with Tamil Nadu government to set up a amusement park at Chennai
Wonderla Holidays says
-Tamil Nadu will facilitate speedy clearance to project through single window clearance
-Tamil Nadu will provide uninterrupted power & water supply to project
-Propose to make investment of Rs 300 crore in project over next three years
-To fund Chennai project through combination of debt & internal accruals

SEBI passes disgorgement order on Satyam Computer Services
SEBI on Satyam case:
-Asks 10 entities to disgorge over Rs 1,800 crore
-B Ramalinga Raju & B Rama Raju directed to disgorge Rs 56.16 crore
-Amount earned by sale of shares held by Ramalinga Raju in company to be given up

Government Official says:
-Government to phase out exemptions on corporate tax from next fiscal
-Roadmap for exemption phase out on corporate tax to be announced in few days
-Not to extend sunset clause in exemptions due for expiry in 2 years
-Tax department to specify dates for sectors which do have sunset clause
-Income tax to be amended to give effect to exemptions phase out

Vedanta Aluminum goes for workforce reduction, cost cuts
Vedanta Aluminum says
-Sharp rise in Chinese exports has led to a short-term market saturation
-Taking bold decisions in the current low price environment
-Start-up of additional pots is on hold & shutting down rolling biz at BALCO
-Restored partial capacity reduction at Lanjigarh Alumina Refinery

SEZ developers seek exemption from MAT
-SEZ developers say levy of MAT was hurting investment
Alert: Commerce ministry called stakeholders meeting on SEZs today

Coal & Power Minister Piyush Goyal
-Lambasts industry associations for pushing their vested interests
-Industry chambers should avoid advertisement against national interest
-Don't want government to suspect industry associations' motives
-Discom resolution is on the cards, have asked states to enhance efficiency

Finance ministry official says
-Plan to raise Rs 15,000 crore from sovereign gold bond in FY16
-Interest rate for gold bond scheme likely to be around 3 percent
-Interest rate for gold monetisation scheme likely to be around 2.5 percent
-May roll out gold schemes in next 2 months
-Gold reserve fund should be able to absorb gold price volatility
-No undue worry on gold imports at this point
-Expect to get at least 20 tonnes of gold from monetisation scheme
-Interest on sovereign gold bonds will be paid in rupees
-1st tranche of gold bond issuance to be a test, may withdraw if it fails

Other stocks and sectors that are in news today:
-L&T gets shareholders’ nod to raise Rs 9,600 crore
-Coal India plans to double output hinges on completion of 25 projects
-SEBI imposes Rs 2 lakh penalty on United Bank for non-compliance of debenture trustee norms
-Ashapura Fashion to mull preferential allotment of warrants on September 18
-Amtek Auto allots 44.37 lakh shares at premium of Rs 167/share to promoters on preferential basis
-Dabur India says Dabur Pakistan becomes company’s step down subsidiary
-MRF signs MoU with Tamil Nadu government to invest up to Rs 4,500 crore in Perambalur & Arakonam units over 7 years
-SEBI bars Brooks Lab & its directors from accessing securities market
-Natco Pharma approves preliminary placement document for issue of shares under QIP
-Met department says June 1-September 10 rainfall at 664.3 mm; 15 percent below normal
-Raymond arm Silver Spark Apparel completes acquisition of Robot Systems for Rs 28 crore
-TBZ: Prem Hinduja retires as company's CEO, CMD Shrikant Zaveri to take over
-Odisha government in talks with AirAsia for direct operations: PTI
-Godrej Consumer completes acquisition of balance 40 percent stake in Cosmetica National

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First Published on Sep 11, 2015 08:19 am
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