Stocks in news: Suzlon, ONGC, Eros, NIIT Tech, GMR

KV Kamath Says Hope That BRICS Bank Will Continue As Development BankHonoured To Be Nominated As BRICS Bank PresidentWill Make A Trip To Shanghai To Understand The Role Better

NITI Aayog Vice Chairman Arvind Panagariya Says In Longer Run, Potential Of Agri To Bring Prosperity Remains Limited In A 10-year Period, Fastest That Farm Sector Has Grown Is 10% Nations With 6% Plus Growth Have Higher Growth In Industry Than Agri Sector Creation Of Good Jobs In Industry & Services Is Critically Important Centre Has Urged States To Undertake Labour Law Reforms Centre Intends To Consolidate 44 Labour Laws Into Five Expansion Of Industry Won’t Take Away Land From Agri Sector Area Under Non-agri Use In FY12 Was At 8% Area Under Non-agri Use Has Risen 1% Between 1998-2012 One Percentage Point Rise In Non-agri Land Use Not At Expense Of Farm Sector

Other stocks and sectors in the newsMangalore Chemicals Promoter Creates Pledge Of 8.23 percent Stake In Co With HDFC On May 14        Suzlon Energy Bags Order From Mytrah Energy To Supply 98 MW Project In Telangana Essel Group Forms JV With China’s J A Solar For Rs 950 Cr Project ONGC & its partners developing LNG terminal in MozambiqueCHD Developers to invest Rs 350 cr in new project in GurgaonEros ties up with 3 Chinese state-owned entities to promote Sino-India films Federal Bank, SBI Card collaborate to launch credit cards: PTIGovt sanctions 30 cold chain projects with Rs 725 cr outlayNIIT Tech acquires majority stake in Incessant TechnologiesReliance Jio signs pact with Huawei for 4G devicesPower Grid gets shareholder’s nod to raise Rs 13000 cr in FY16

GenX Nano to be rolled out today, expected to take on Maruti and Hyundai’s entry level hatch back – ET MAH unlikely to change Tune on SUN FM – ET

L&T Finance (ToI)PE majors Bain Cap, Baring Asia eye USD 500mn stake in coPE firms in race for sizable minority stake in co

GMR Ties up with China’s GIIC to team up for Industrial ParkIndustrial park will come over 2000 acres of land in Andhra PradeshChinese consortium to invest $500mn in GMR SEZ

Bharti Airtel in advanced talks to buy Augere Wireless for Rs 150 cr - ET

Tata Steel (BS)Co may sell UK’s long products division for token amountRs 5000cr write down to facilitate sale of division to Klesch

Honda Siel Power Q4           Net Profit At Rs 14.4 Cr Vs Rs 5.7 Cr (YoY)Total Income At Rs 184.5 Cr Vs Rs 183.1 Cr (YoY) Indo Rama Synthetics Q4             Net Profit At Rs 30.8 Cr Vs Loss Of Rs 14.2 Cr (YoY)  Total Income Down 6.4% At Rs 650.7 Cr Vs Rs 695.5 Cr (YoY) MM Forgings Q4        Net Profit Up 42.3% At Rs 11.1 Cr Vs Rs 7.8 Cr (YoY)Total Income Up 17.8% At Rs 126.6 Cr Vs Rs 107.5 Cr (YoY) HSIL Q4           Net Profit Up 35.4% At Rs 39.8 Cr Vs Rs 29.4 Cr (YoY)Total Income Down 11.1% At Rs 559 Cr Vs Rs 629 Cr (YoY)  JBM Auto Q4              Net Profit Down 15% At Rs 17.6 Cr Vs Rs 20.7 Cr (YoY)Total Income At Rs 375.1 Cr Vs Rs 377.2 Cr (YoY)       AXISCADES Engg Q4           Cons Net Profit Down 26.8% At Rs 6 Cr Vs Rs 8.2 Cr (YoY)  Cons Total Income Up 32% At Rs 83.1 Cr Vs Rs 80.5 Cr (YoY) Shivam Auto Q4         Net Profit Up 8.8% At Rs 6.2 Cr Vs Rs 5.7 Cr (YoY)Total Income Up 10.4% At Rs 111 Cr Vs Rs 100.5 Cr (YoY)  Shivam Auto Board Has Approved Bonus Issue In Ratio Of 1:1 NRB Bearings Q4      Net Profit Down 2.5% At Rs 11.7 Cr Vs Rs 12 Cr (YoY)         Total Income At Rs 156.2 Cr Vs Rs 157.5 Cr (YoY)       Styrolution ABS (India) Q4 net profit up 53.3% at Rs 9.2 cr Vs Rs 6 cr (YoY)Styrolution ABS (India) Q4 total sales down 10.5% at Rs 268 cr Vs Rs 299.4 cr (YoY)