Stocks in news: Sterling Holidays, Power Grid, Tata Chem

Choksey & Choksey report findings on NSEL caseSources on e-Series audit:-Audit points to preference given to Sahara and Jaiprakash Associates-Sahara Q Gold mart redeemed 100 kg gold before SEBI order-Jaiprakash Associates had redeemed 1,000 kg of silver-No evidence w.r.t. supervisor functioning on e-Series products-Indicates failure of governance by board of directors-Actual value of stock lying in warehouses is Rs 452 crore-NSEL regularly extended loans to Indian Bullion Market Association (IBMA)-IBMA availed temporary loans from NSEL for physical commodities-Physical commodities were converted into e-series

January auto sales: -Tata Motors JLR India sales at 246 units versus 236 units (YoY)-Hero MotoCorp total sales at 5.61 lakh units versus 5.25 lakh units (MoM)

Essar group vs I-T Department:-Essar moves Bombay HC for relief in transfer pricing caseAlert: Essar Power, Essar Projects, Equinox Tech parties to tax caseAlert: Essar case similar to Vodafone and Shell tax case-I-T Department says shares undervalued at the time of issuance-Dispute resolution panel had passed an order against Essar

Essar says:-Transfer pricing officer has no jurisdiction-Capital account deals can be taxed only in case of specific law-Seeking to restrain the Assessing Officer (AO) from passing the final order-Transfer pricing additions an industry issue, not a company specific-Like always have complied with regulation in tax case too

Delhi Government -Asks regulator for steps to ensure uninterrupted power-To suspend power companies' licences if supply disrupted-To clear power companies' subsidy, adjust dues by February 15

Delhi government says-Delhi Electricity Regulatory Commission (DERC) to take care of distribution companies (discom) financials by giving adequate tariffs -BSES discoms alleging inadequate funds to pay NTPC-NTPC says no power supply post February 10 if discoms don't pay-Power supply disruption may lead to Licence Revocation (EA 2003)

Discom sources say-Delhi government refuses to offer solution to clear dues to NTPC-Delhi government expects extensive blackouts over Delhi from next week-Delhi government to be liable for dues aggregating Rs 15,000 to NTPC-Delhi liable to power suppliers if BSES licences cancelled-Delhi liable to banks if BSES licences cancelled

Kotak Mahindra Bank-Ups rates on some deposits by up to 25 bps, w.e.f Thursday-Ups rates on deposits less than Rs 1 crore

Novartis AG:-Plans to move existing operations in Hyderabad to a biz services center as part of consolidation strategy-New center to open between late 2015 & early 2016-New centre will consolidate company's operations currently spread across 3 sites in Hyderabad, to provide for future growth too-Expect group headcount to stay largely flat in 2014-Expect equal number of jobs to be created, as are reduced-Hyderabad site currently employs 2,300 associates-Expect increase in employees in Hyderabad site over time-Hyderabad site support development of innovative therapies as part of global operations-Consolidation to free up, prioritize & reallocate resources needed for planned prod launches & growth areas in 2014-Consolidation to increase business flexibility, efficiency

Government says-PSU February 1-15 subsidised fuel revenue loss at Rs 446 crore per day-PSUs' February 1-15 revenue loss on retail diesel Rs 7.39/litre-PSU oil companies' February revenue loss on LPG Rs 655.96/Cylinder-PSU oil companies' February revenue loss on kerosene Rs 35.77/Litre-PSUs' April-December subsidised fuel revenue loss at Rs 1.01 lakh crore

Other stocks and sectors that are in news today:-RBI says FIIs can buy up to 30 percent shares of Power Grid Corporation-Empowered group of ministers likely to decide on Engineers India FPO date and price band today-Financial Technologies to mull interim dividend on February 14-SEBI withdraws plea in SC on Fresenius Kabi delisting-Gillette India appoints BS Mehta as chairman-Thomas Cook looking to acquire Sterling Holidays at 36 percent premium: ET-Sembcorp to acquire 45 percent in NCC Power for Rs 848 crore: Reports

Ex-Date -Crompton Greaves ex-dividend Rs 0.40/share-Muthoot Finance ex-dividend Rs 2/share

JP Infra Q3 -Net profit at Rs 101.2 crore versus Rs 155 crore (YoY)-Net sales at Rs 988 crore versus Rs 933 crore (YoY)-EBITDA at Rs 357 crore versus Rs 422 crore (YoY)-EBITDA margin at 36.1 percent versus 45.3 percent (YoY)

JP Power Q3-Net loss at Rs 153 crore versus Rs 98 crore loss (YoY)-Total income at Rs 492.4 crore versus Rs 427 crore (YoY)-EBITDA at Rs 276 crore versus Rs 268 crore (YoY)-Operating margin at 56.1 percent versus 62.7 percent (YoY)

Divis Labs Q3-Net profit at Rs 219 crore versus Rs 144.2 crore (YoY)-Net sales at Rs 687.4 crore versus Rs 533.3 crore (YoY)-EBITDA at Rs 286 crore versus Rs 181 crore (YoY)-EBITDA margin at 41.6 percent versus 34 percent (YoY)

P&G Q2-Net profit at Rs 76.6 crore versus Rs 54 crore (YoY)-Net sales at Rs 570.6 crore versus Rs 470.6 crore (YoY)

Future Lifestyle Q3-Net sales at Rs 658.6 crore versus Rs 690 crore (QoQ)-Net profit at Rs 93.4 crore versus Rs 108.9 crore (QoQ)Alert: No operating business in company during Q3FY13

Tata Chemicals Q3-Consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore (YoY)-Consolidated total income at Rs 4580.4 crore versus Rs 4164.6 crore (YoY)

Chambal Fertiliser Q3-Net profit at Rs 90.3 crore versus Rs 96 crore (YoY)-Net sales at Rs 2,359.2 crore versus Rs 2,088.6 crore (YoY)-EBITDA at Rs 233 crore versus Rs 210 crore (YoY)-EBITDA margin at 9.9 percent versus 10 percent (YoY)

Wheels India Q3-Net profit at Rs 4.1 crore versus Rs 9 crore (YoY)-Net sales at Rs 386.5 crore versus Rs 403.8 crore (YoY)