Here are stocks that are in news today:
L&T-LIC to persuade government to sell part of its SUUTI stake in L&T-LIC is looking for an additional 5 percent taking its total stake to 21 percent
Idea Cellular: Sources-P5 Asia Investments launches book to sell Idea shares up to USD 190 million-Idea block deal price-range set at Rs 106.5-114.55/share-Providence will exit Idea post block deal ahead of proposed merger with VodafoneAlert: P5 Asia Investments is the investment arm of ProvidenceAlert: Providence bought 15 percent stake in Idea in 2006
ONGC-HPCL: Government Sources-ONGC may acquire HPCL in Rs 44,000 crore dealAlert: HPCL's current market cap is Rs 57,000 crore-ONGC may buy government's entire 51.1 percent stake in HPCL-ONGC may have to pay government Rs 29,000 crore for 51.1 percent stake in HPCL-ONGC will have to buy another 26 percent in HPCL from open market for Rs 15,000 croreAlert: Deal value of ONGC's HPCL acquisition at Rs 44,000 crore as per Monday's closing price
Merck Q3-Net profit up 24.7 percent at Rs 18.2 crore versus Rs 14.6 crore (YoY)-Total income up 5.9 percent at Rs 251.5 crore versus Rs 237.5 crore (YoY)-EBITDA down 1.6 percent at Rs 24.6 crore versus Rs 25 crore (YoY)-EBITDA margin at 9.8 percent versus 10.5 percent (YoY)
Sanofi Q4-Net profit (ex-exceptional item) down 3.8 percent at Rs 50.5 crore versus Rs 52.5 crore (YoY)-Total income up 4.1 percent at Rs 592 crore versus Rs 568.7 crore (YoY)-EBITDA down 5 percent at Rs 107.3 crore versus Rs 112.9 crore (YoY)-EBITDA margin at 18.1 percent versus 19.9 percent (YoY)
IL&FS-Lone Star, IL&FS collaborate to revive stressed infrastructure assets in India-Lone Star, IL&FS collaboration to have investment pool of USD 550 million
Assam Company-Company now owns 100 percent of participating interest in Amguri field-Production sharing contract of Amguri field extended by 5 years-Arbitral board has granted company USD 3.54 million in damages plus cost of proceedings
Tata-DoCoMo case-Tata Group agrees to pay NTT DoCoMo USD 1.17 billion-Tata Sons to pay full amount of damages sought by NTT DoCoMo-Tata Sons, NTT DoCoMo may announce resolution to dispute today
Edelweiss-To bid afresh for bank licence, sell commodities unit-In talks with several parties to sell commodities unit
Other stocks and sectors that are in news today:-Sanghi Industries - India Ratings & Research assigns rating of A- and A2+-Adani Transmission bought back non-convertible debentures (NCDs) worth Rs 165 crore-Pincon Spirits acquires 5 additional retail outlets in Kolkata-Sambhaav Media wins FM radio channels for 13 cities of Gujarat and J&K-Siti Networks allotted 7.77 crore shares on conversion of warrants & OFCDs (optional fully convertible debentures) to promoters-Indian Overseas Bank share capital increased from Rs 3,000 crore to Rs 10,000 crore-Coal India's South Eastern Coalfields approved buy back up to Rs 1,200 crore at Rs 79777 per share-Varun Beverages approved allotment of NCDs worth Rs 150 crore each to RBL Bank & Kotak Mahindra Bank-Transformers and Rectifiers gets order worth Rs 153 crore from Gujarat Energy Transmission-Den Networks launched Den TV+, OTT services for subscribers-Titan forays into ethnic womens wear segment-Adani Enterprises in focus: Adani group plans to expand ship fuelling business from 1 million tonne to 3.5 million tonne by 2020-Kohinoor Foods, LT Foods, KRBL, Lakshmi Energy, REI Agro in focus: Export realisation for basmati rice has dropped to the lowest price at USD 784/tonne (8MFY17) against USD 1298/tonne in FY14-ICICI Bank probing into fake notes at Rohtak ATM-Quess Corp is looking at managing airports, health services, roads & ports-Prime Focus' promoter release pledge on 1.33 percent shares on February 23-NHPC signs power purchase agreement with GRIDCO, Odisha for 35 years-SREI Infrastructure allots NCDs worth Rs 335.17 crore on February 27-Merchant Bankers & legal advisors to make presentation for BEML stake sale today
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