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Last Updated : Sep 01, 2015 09:11 AM IST | Source: CNBC-TV18

Stocks in news: SBI, ICICI, HDFC Bank, RIL, IIFL, Jet, IOC

SBI | ICICI Bank | Reliance Industries | IOC | Natco | HDFC Bank | Canara Bank | IIFL Holdings | SAIL | Syngene | Aban Offshore | Jet Airways | SpiceJet and Mahindra and Mahindra are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


April-July fiscal data
-April-July fiscal deficit at Rs 3.85 lakh crore versus Rs 3.25 lakh crore (YoY)
-April-July fiscal deficit 69.3 percent of FY16 Budget estimate
-April-July net tax receipts at Rs 1.54 lakh crore, 16.7 percent of FY16 estimate
-April-July total spending at Rs 6.01 lakh crore, 33.8 percent of FY16 estimate
-April-July revenue deficit at Rs 3.06 lakh crore, 77.6 percent of FY16 estimate
-April-July non-plan spending at Rs 4.43 lakh crore, 33.8 percent of FY16 estimate
-April-July revenue receipts at Rs 2.09 lakh crore, 18.3 percent of FY16 estimate


July core sector data:
-Eight core industries' growth at 1.1 percent versus 3 percent (MoM)
-Coal production up 0.3 percent versus 6.3 percent growth (MoM)
-Croreude oil production down 0.4 percent versus 0.7 percent decline (MoM)
-Natural gas production down 4.4 percent versus 5.9 percent decline (MoM)
-Petroleum refinery products' output up 2.9 percent versus 7.5 percent increase (MoM)
-Fertiliser production up 8.6 percent versus 5.8 percent increase (MoM)
-Steel production down 2.6 percent versus 4.9 percent increase (MoM)
-Cement production up 1.3 percent versus 2.6 percent increase (MoM)
-Electricity production up 3.5 percent versus 0.2 percent increase (MoM)
-April-July eight core industries' growth up 2.1 percent (YoY)

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Q1FY16 GDP growth at 7 percent versus 7.5 percent (QoQ); 6.7 percent (YoY)
-Agri growth at 1.9 percent versus -1.4 percent (QoQ)
-Mining growth at 4 percent versus 2.3 percent (QoQ)
-Manufacturing growth at 7.2 percent versus 8.4 percent (QoQ)
-Electricity growth at 3.2 percent versus 4.2 percent (QoQ)
-Construction growth at 6.9 percent versus 1.4 percent (QoQ)
-Trade, hotels growth at 12.8 percent versus 14.1 percent (QoQ)
-Public admin growth at 2.7 percent versus 0.1 percent (QoQ)
-Gross value added (GVA) at 7.1 percent versus 7.4 percent (YoY)
-Private final consumption expenditure at Rs 15.93 lakh crore versus Rs 14.84 lakh crore (YoY)
-Private final consumption expenditure at 58.7 percent of GDP versus 58.5 percent (YoY)
-Government final consumption expenditure at Rs 3.1 lakh crore versus Rs 3.06 lakh crore (YoY)
-Government final consumption expenditure at 11.4 percent of GDP versus 12.1 percent of GDP (YoY)
-Gross fixed capital formation at Rs 8.07 lakh crore versus Rs 7.7 lakh crore (YoY)
-Gross fixed capital formation at 29.8 percent of GDP versus 30.4 percent of GDP (YoY)


RBI releases list of domestic systemically important banks (D-SIBs)
RBI names SBI & ICICI Bank as D-SIBs
Alert: Higher capital requirements for D-SIBs applicable from April 1, 2016
Alert: Higher capital requirements for D-SIBs become fully effective from Apr 1, 2019


D-SIB framework:
-D-SIBs may be placed in four buckets as per systemic importance scores
-RBI will disclose names of banks designated as D-SIBs every year in August
-SBI will have to raise additional common equity Tier-I at 0.8 percent of risk weighted assets (RWAs)
-ICICI Bank will have to raise additional common equity Tier-I at 0.2 percent of RWAs


SBI chief Arundhati Bhattacharya says
-Bank has Tier-I capital at 9.62 percent versus 7 percent required under guidelines
-Will adhere to additional requirements as & when they become applicable


ICICI Bank MD & CEO Chanda Kochhar says
-It was expected that the bank would be classified as systemically important bank
-Bank’s capital adequacy is well in excess of regulatory requirements
-Bank will not require fresh equity capital for next couple of years


Aban Offshore says
-Jack-up rig Deep Driller 7 released by operator exercising termination option
-Jack-up rig Deep Driller 7 is owned by company’s subsidiary
Alert: Jack-up rig Deep Driller 7 was performing drilling contract with PEMEX, Mexico


Oil prices cut
-Petrol prices cut by Rs 2/litre & diesel by 50 paise/litre
-Jet fuel (aviation turbine fuel) prices cut by average Rs 5816/kl (11.6 percent)
-Non-subsidised LPG prices cut by average Rs 26.12/cylinder (4.3 percent)


M&M, executive director, Pawan Goenka to CNBC-TV18:
-For 5 years, all new M&M products to be fitted with petrol engines
-M&M to enter new compact segment with 2 products this fiscal
-M&M to launch new compact SUV - TUV300 on September 10
-Have invested Rs 1,000 crore for TUV300 platform
-Will launch compact SUV S1O1 with petrol engine later this fiscal
-Expect exports to contribute 10-15 percent to revenue
-No new two-wheeler products with Peugeot this fiscal
-Doing feasibility study for assembly plant in Africa
-SIAM annual convention kicks off in Delhi today
-Growth has not been even in all segments
-Small commercial vehicle (CV) segment still suffering; seeing de-growth for 3 years
-Political acrimony big threat to reforms
-Small reforms have taken place; yet to see big bang reforms
-Yuan devaluation largely positive for the auto sector
-Weaker yuan may see exports shifting to China for some segments
-Looking at bigger SUVs with petrol engine
-M&M will be as strong in petrol SUVs as in diesel SUVs
-Existing capacity utilisation current stands between 60-65 percent
-Expect capacity utilisation to go up post launch of TUV & S1O1
-Separate business units formed to focus on African market
-Target to have 10-15 percent of overall revenue to come from exports
-Hoping sales of 6,000-8,000 units per annum in South Africa
-Looking at feasibility of overseas assembly plant in Africa
-Final decision will be based on volumes & financial consideration


Inox Leisure says
-Have taken over operations of multiplex cinema theatre in Gandhinagar
-Acquired theatre has 3 screens & 1,308 seats
-Acquires multiplex cinema theatre in Rajkot having 3 screens & 612 seats


Other stocks and sectors that are in news today:
-Government allows Reliance Industries (RIL) to sell LPG to cooking gas marketers
-IOC set to plan USD 3 billion petchem plant in Iran: FE
-Natco plans 5 new products for US markets: FE
-AK Jha, director technical to take interim charge as CMD of NTPC for 3 months
-HDFC Bank cuts base rate by 0.35 percent to 9.35 percent effective today
-Canara Bank cuts base rate by 0.1 percent to 9.9 percent effective September 3
-Financial Technologies executes perpetual licence agreement with IEX for one-time fee of Rs 108 crore
-Sadbhav Infrastructure IPO subscribed 12 percent on day 1
-Competition Commission approves Fairfax acquisition of up to 26 percent of IIFL Holdings
-Durgapur Steel Plant's CEO P K Singh appointed SAIL chief
-Syngene to invest USD 100 million for new plant in Mangalore SEZ
-Moody's says Indian property developers will continue to face challenges
-Sun Pharma completes acquisition of Opiates business in Australia


Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.



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First Published on Sep 1, 2015 08:13 am
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