Here are stocks that are in news today:
June Jaguar Land Rover retail sales (Tata Motors in focus)-Total sales flat at 39,602 units (YoY)-Land Rover sales up 1 percent at 32,447 units (YoY)-Jaguar sales down 6 percent at 7,155 units (YoY)-Retail sales in China down 46 percent YoY in June-China sales weak due to softening market conditions-Delay in production ramp up of local Evoque also hit China sales-Ex-China volume growth was strong-Retail volumes in Europe up 47 percent, in UK up 25 percent (YoY)-North America volumes up 12 percent YoY
Nestle versus Food Safety and Standards Authority of India (FSSAI) case:-Bombay High Court to next hear the case on July 17-Bombay High Court says FSSAI to submit fresh affidavit
FSSAI counsel argues:-Cannot give Nestle 72 hour notice; company can tamper with evidence-Nestle has to comply with Indian laws if Maggi has to be manufactured-Nestle not responding to details of recalled products
Nestle Counsel says-Labs that have tested products are not accredited or notified by FSSAI
FSSAI asks Bombay HC to modify its previous order on allowing Nestle to carry on export related activitiesFSSAI argues:-Since Nestle not allowed to manufacture, export related activities cannot continueAlert: Export related activities include manufacturing fresh products
Coal India says-Arm Coal India Africana in Mozambique allotted two leasehold licences-Arm to extract coal of approximately 224 square km in Tete, province of Mozambique-Arm to retain 54 square km of leashold licence area
Lupin-Seeks shareholder nod for issue of securities up to Rs 7,500 crore-Seeks shareholder nod for increase in authorised share capital up to Rs 200 crore
International Monetary Fund (IMF) paper sees 0.5 percent global growth led by lower oil pricesIMF says-Fall in oil prices could boost global growth by 0.5 percent in FY16-Sees slowing growth in emerging & developing markets as headwinds-Forex depreciation, lower commodity prices to offset gains from lower oil prices-Oil price outlook remains highly uncertain-Futures markets imply increase in Brent oil prices to USD 75/barrel in 2020-Supply factors played a larger role than demand factors in oil price drop-Demand in Europe & Asia was weaker than expected-Hard to find evidence of speculative forces driving oil price decline-Such financial strains could reduce global benefits of lower oil prices-Lower oil prices underscore need for real & financial sector reforms
Adhunik Metaliks says-Arm OMML granted extension of lease for 3 manganese mines till March 2020-3 manganese ore mines are Patmunda, Orahuri & Kusumudhi-Requisite stamp duty & registration charges deposited to Odisha Government-Patmunda mine has already re-started operation
Kopran says-Board approves sale of consumer care division w.e.f. April 1-To sell consumer care division along with all its assets & liabilities
ONGC Videsh to PTI:-Will ask Iran for rights to develop ONGC-discovered Farzad-B gas field-Have been in negotiations with Iran over development of Farzad-B gas field-Expect Iran to give developmental rights as sanctions will ease
Clariant Chemicals says Rajasubramanian N resigns as CFO w.e.f. September 1-Head of Finance Control Raksha Kamdar will act as interim CFO
Neo Infracon says-Board to meet on July 22 to consider acquisition of New-Tech Infra as wholly owned subsidiary-Board to discuss acquisition of Nocil Infra as wholly owned subsidiary
Other stocks and sectors that are in news today:-Sun TV/Group - Inter-ministerial panel learnt to have rejected group’s application to participate in next stage of FM radio auctions: ET-Cipla has no plans to divest for now: ET-PFC raises Rs 300 crore in 10-year tax free bonds-DLF to raise Rs 3,000 crore via private equity-India Cements to move Supreme Court against suspension of CSK: PTI-CCI approves Mankind Pharma's 11 percent stake sale to PE investors-JSPL promoter pledges 3.49 percent stake in company with Axis Trustee Services-US FDA issues import alert against Emcure Pharma's Pune plant-Department Of Industrial Policy & Promotion says government to appoint CEO & MD for Delhi Mumbai Industrial Corridor-Telecom Commission asks TRAI to clarify revenue impact of landline licence waiver-SIDBI plans Rs 2,000 crore fund-of-funds for start-ups-Rolta Power partners with Zhenfa New Energy Science to develop solar power projects in India-Century Plyboard says arm incorporates new entity in Indonesia for trading wood products-NHPC raises Rs 1,475 crore through long-term 'T' series bonds-BSE to launch multi-legged order entry in derivatives from August
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