Here are stocks that are in news today:
Results today: Havells, Can Fin Homes, Delta Corp, Mastek, NIIT Technologies, Duke Offshore
Reliance Industries Q3-Standalone net profit up 4 percent at Rs 8,022 crore versus Rs 7,704 crore (QoQ)-Standalone total income at Rs 66,606 crore versus Rs 64,344 crore (QOQ)-Standalone EBITDA at Rs 10,604 crore versus Rs 10,555 crore (QoQ)-Standalone EBITDA margin at 15.9 percent versus 16.4 percent (QoQ)-Gross refining margin at USD 10.80/barrel versus USD 10.10/barrel (QoQ)-Standalone petchem sales up 1.8 percent, EBIT down 3 percent (QoQ)-Standalone petchem EBIT margin at 15.5 percent versus 16 percent (QoQ)-Standalone refining sales up 2.6 percent, EBIT up 3.8 percent (QoQ)-Standalone refining EBIT margin at 11.5 percent versus 11.4 percent (QoQ)-Singapore GRM at USD 6.70/barrel versus USD 5.10/barrel (QoQ)-Consolidated net profit up 4 percent at Rs 7,506 crore versus Rs 7,205 crore (QoQ)-Consolidated total income up 3 percent at Rs 84,189 crore versus Rs 81,651 crore (QoQ)
Finance Minister Arun Jaitley says-Have arrived at a decision on dual control-Entire tax base will be shared between Centre & States-Assessees above Rs 1.5 crore will be shared 50:50 between Centre, States-Power to levy collect IGST (Integrated Goods and Services Tax Act) is with the Central Government-Assessments in conflicts w.r.t place of supply will be assessed by Centre-Area of 12 nautical miles into the territorial waters is under Centre-States can collect tax under area of 12 nautical miles into territorial waters-All the ministers present agreed to the proposal except West Bengal-Changed laws will come up before GST council on February 18-Broad view in council that July 1 realistic date for GST roll-out-Each assessee will be assessed only by 1 authority-Computer programming will decide on division of 90:10, 50:50 for dual control
European Medicines Agency on Divi's Labs: To CNBC-TV18-Assessing findings of 483 issued by US FDA on company-Further action post taking European Union inspection history of site into consideration-Outcome of March 2016 inspection by Slovenian Authorities was positive-Unit 2 was issued good manufacturing practice certificate by EU regulators in March 2016
Vedanta Resources-S&P raises rating of Vedanta Resources-Rating upgraded to B+ from B
MRPL-Company plans on Rs 24,000 crore expansion plan-New expansion plans to increase capacity by 10 metric tonne to 25 MT
RBI-Raises ATM withdrawal limit to Rs 10,000 per day from Rs 4,500-Withdrawal limit on current accounts increased to Rs 1 lakh per week from Rs 50,000
Other stocks and sectors that are in news today:-Fortis Healthcare - Daichi moves Delhi HC to block stake sale: ET-GVK Power - Prem Watsa's investment in Bengaluru Airport approved by Aviation Ministry: ET-Department of Pharmaceuticals rules in favour of drug companies prohibiting NPPA (National Pharmaceutical Pricing Authority) from reducing medicine prices: Hindu-Suzlon Energy achieves 10,000 MW wind capacity in India-Teamlease acquires Keystone Business Solutions for Rs 8.2 crore-Delta Corp receives licence for operations of Gangtok casino
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
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