Stocks in news: Infosys, Cairn, CRISIL, Linde, Gujarat Gas

Gujarat Gas consolidated Q4FY15-Net sales down 29 percent at Rs 543 crore versus Rs 766.4 crore-EBITDA up 22 percent at Rs 84.1 crore versus Rs 68.8 crore-EBITDA at 15.5 percent versus 9 percent-PAT up 26 percent at Rs 62.7 crore versus Rs 49.6 crore

HCL Infosystems Q3-Consolidated net loss at Rs 47.2 crore versus loss of Rs 50.8 crore (QoQ)-Consolidated net sales down 5.1 percent at Rs 1,376.2 crore versus Rs 1,450.5 crore (QoQ)-Consolidated EBITDA loss at Rs 19 crore versus loss of Rs 20 crore (QoQ)

International Paper Q4-Net profit at Rs 6.8 crore versus Rs 3.2 crore (YoY)-Total income up 3.2 percent at Rs 297.3 crore versus Rs 288.1 crore (YoY)-EBITDA down 28.2 percent at Rs 32 crore versus Rs 44 crore (YoY)-Operating margin at 10.6 percent versus 15.3 percent (YoY)

Sasken Communication Q4-Consolidated net profit at Rs 2.9 crore versus Rs 16.1 crore (QoQ)-Consolidated net sales down 2.7 percent at Rs 104.4 crore versus Rs 107.3 crore (QoQ)Alert: Q3FY15 had exceptional income of Rs 13.5 crore-Sasken Communication board approves buy-back of approximately 41.57 lakh shares at Rs 260/share

Linde India Q1-Net profit at Rs 14.4 crore versus loss of Rs 0.5 crore (YoY)-Total income up 7.2 percent at Rs 372 crore versus Rs 347 crore (YoY)-Deferred tax at Rs 26.8 crore versus Rs 7.3 crore (YoY)

Advanta Q1-Net profit down 22.6 percent at Rs 26.3 crore versus Rs 34 crore (YoY)-Total income up 3.3 percent at Rs 310.2 crore versus Rs 300.2 crore (YoY)

Crompton Greaves says-Avantha Holdings proposed to sell its entire stake in consumer electricals business-Avantha Holdings proposed to sell consumer electricals business to Advent for Rs 2000 croreAlert: Advent is a wholly-owned subsidiary of Temasek Holdings

Subramanian Swamy writes to PM over SpiceJet stake sale by Marans to Ajay SinghSubramanian Swamy to PM-Stake sale done at arbitrarily low & dud prices-Not clear at what price shares changed hands-Company said promoter group will make a loss, but it still holds 18 crore shares-Questions absence of open offer by new promoter Ajay Singh-Questions SEBI's silence over absence of open offer post stake acquisition-Seeks ED probe into entire share transfer deal in SpiceJet-AI could have taken over SpiceJet if aim was to protect a bankrupt airline-Questions allowing 'bankrupt private party to trade in shares with impunity'-Seeks probe into SpiceJet deal by special committee-Suggests PMO set up probe panel with RAW, IB officials as membersAlert: Swamy tweeted he may move court against Singh buying 58 percent in SpiceJetAlert: Singh agreed to buy 58 percent stake as part of plan to revive airline in December 2014Alert: Ajay Singh agreed to pump in Rs 1,500 crore into SpiceJet in tranches

RBI-Tightens rules on banks declaring borrowers as wilful defaulters-Wilful default cases to be examined by panel headed by an executive director-ED panel to consist of 2 senior officers of GM/DGM rank-ED panel to issue show cause notice to borrower if it finds wilful default-ED panel’s order to be reviewed by panel of CEOs, 2 independent directors

RBI releases revised priority sector lending norms for banksRBI on PSL norms:-MSMEs, social infra, renewable energy to form part of priority sector-No distinction between direct & indirect agriculture-Bank loans to food & agro processing units will form part of agriculture-8 percenet of loans must be given to small & marginal farmers-7 percent of loans to small farmers by March 2016; 8 percent by March 2017-7.5 percent of total loans must be given to micro enterprises in phased manner-Loans to weaker sections unchanged at 10 percent-Foreign banks with over 20 branches to achieve agri, weaker sections targets by March 18-Foreign banks with less than 20 branches to achieve 40 percent PSL by FY20-For foreign banks sub-targets for small, marginal farmers, micro enterprises applicable post 2018-Export credit up to 32 percent of total loans eligible PSL for foreign banks with less than 20 branches-Incremental export credit up to 2 percent of total loans to be treated as PSL-Loan limits for housing loans, MFI loans qualifying under PSL revised-Revised priority sector lending norms come into effect immediately

CCI dismisses Saint Gobain complaint against Gujarat GasCCI says-No case of contravention is made out against Gujarat Gas

CLB adjourns Financial Technologies matter till May 12Alert: Corp Affairs Ministry had moved CLB to supersede board of Financial Technologies

Other stocks and sectors that are in news today:-CRISIL board to consider buy-back of equity shares on April 28-GPT Infraprojects bags railway orders worth Rs 129.7 crore (market cap Rs 173 crore)-Corporate action: HCL Technologies ex-dividend Rs 4/share-FM to seek views of CII, FICCI and Assocham on new ITR form today-Arguments concluded, Delhi HC reserves judgment in coal compensation case-Amtek India to issue NCDs up to Rs 600 crore on private placement basis-SEBI warns companies against fraudulent NCD, NPS issues-BSNL offers free calls on landline phones between 9 pm and 7 am from May 1