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Last Updated : Mar 28, 2016 09:33 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, Natco Pharma, GMR, PNB, Adani Ports

TCS | Infosys | Reliance Communications | NTPC | GMR Infrastructure | Ajanta Pharma | Punj Lloyd | IL&FS Engineering | Monnet Ispat | Lloyd Electric | Inox Wind | BHEL | Bajaj Finance | Steelcast | HBL Power | Cholamandalam Investment and Sanofi India are stocks, which are in the news today.

 
 
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Here are stocks that are in news today:


Accenture Q2FY16 YoY
-Revises annual guidance to 8-10 percent from 6-9 percent
-Revenue up 6 percent at USD 7.9 billion, 12 percent in local currency (CC) ahead of guidance of 6-9 percent CC growth
-Consulting revenue up 12% to USD 4.29 billion (18 percent in CC)
-Outsourcing revenue flat at USD 3.65 billion (up 6 percent CC)
-Operating margin up 10 bps to 13.7 percent
-Net income at USD 1.3 billion
-IT stocks like TCS, Infosys etc in focus

Natco Pharma
-Mahaboob Nagar plant inspected by US FDA from Feb 29-March 7
-Mahaboob Nagar plant sees 8 observations by the US FDA

Goa Carbon
-Operations at Salcete plant has been shutdown temporarily from March 22
-No financial impact due to temporary shutdown of plant

Telecom stocks
-Department of Telecommunications looking to commence spectrum auction in mid July: PTI
-Action for 700 Mhz band may fetch the government Rs 5.36 lakh crore
 
PVR
-Launched a 15 screen property in Noida on Sunday: ET
-Plans to double screen count in 3 years


Punj Lloyd
-Jayaram Prasad Chalasani resigns as managing director and Group CEO
-Shamik Roy resigns as chief financial officer
-Chairman Atul Punj's son Shiv Punj appointed as additional director

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Tata Group: Sources
-Have been approached by banks to buy Essar Steel
-Were approached 3-4 weeks ago to buy Essar Steel
-Bankers have not gotten back since first call
Banking sources
-Have given ultimatum to Essar Steel to pay back
-Have told Essar to be ready for all options
-Told Essar be ready for full sale or a strategic partner
Industry sources
-Banks approached JSW, Tatas for Essar Steel
-Essar Steel linked with Essar Ports
-Essar Steel's pipelines sold/leased to other parties
-Essar Steel’s oxygen plant leased out
-Essar Steel has PPA with Essar Power


NTPC's arm commissions unit-4 of 195 MW of Muzaffarpur thermal power station on March 24
-Total installed capacity of Muzzafarpur thermal power station stands at 610 MW
-Total installed capacity of NTPC Group stands at 45,993 MW


GMR to sell 51 percent stake in Karnataka Highway subsidiary to JV partners
GMR Infra says
-Karnataka highway stake sale will reduce debt by Rs 1,078 crore
-Overall sale consideration for Karnataka highway stake is Rs 85 crore


Sanofi India says
-Vijay Mallya ceases to be a director & chairman of the board of directors
-Vijay Mallya not seeking re-election as director
-Vijay Mallya says will retire from chairmanship of Sanofi India


Cholamandalam Investment
-Company not to pursue payments bank opportunity
-To surrender in-principle payments bank approval given to unit CDSL
-Company not to proceed with investment of Rs 75 crore in Cholamandalam Distribution


Fund Action - United Breweries
-ECL Finance sells 15.1 lakh shares in United Breweries
-Yes Bank sells 6 lakh shares in United Breweries
-Heineken International buys 21.14 lakh shares in United Breweries


Vijay Mallya may have to resign from boards of UBL, UBHL, Mangalore Chemical: Sources
-Boards of UBL, UBHL, Mangalore Chemicals to meet soon
-Boards likely to seek resignation of Vijay Mallya
-Mallya's resignation mandatory as per SEBI regulations on wilful defaulters


HBL Power Systems
-Board approves amalgamation of Beaver Engineering with company
-3383 company's shares to be given for every 10 held in Beaver Engineering
-3753 company's shares to be given for every 10 compulsory convertible preference shares
-3901 company's shares to be given for every 10 optionally convertible preference shares
-Post merger promoter shares holding to come down to 56.25 percent from 74.13 percent


Reliance Communications
-Extends exclusive discussions for combination of wireless business with Aircel
-Extends exclusivity period with Aircel by 60 days to May 22
-Discussions with Aircel are non-binding in nature


Other stocks and sectors that are in news today:
-Glenmark Pharma gets ANDA nod for Bendamustine hydrochloride injection
-Cipla gets tentative US FDA approval for Efavirenz Emtricitabine; Tenofovir Disoproxil fumarate tablets (Efavirenz Emtricitabine is used to treat HIV aids)
-Lupin gets US FDA approval for Ethinyl Estradiol tablet
-Debt Recovery Tribunal to hear Vijay Mallya versus SBI case on disbursement of USD 75 million on April 5
-Tata Motors to supply 619 high mobility trucks to Indian army
-Shree Cement plans capex of Rs 6,000 crore to construct 3 new clinker plants over next 3 years: BS
-Steel companies board of safeguards to meet today to decide on steel import duty: BS
-CARE downgrades tier II bonds of PNB and BOB from AAA to AA: BS
-Adani Ports in focus - Adani group offers 49 percent stake in the Rs 5,000 crore Dhamra LNG project: PTI
-Indian Overseas Bank starts distribution of Indian gold: PTI
-L&T Finance to raise Rs 300 crore through NCDs: PTI
-Himadri Chemicals says board approves allotment of 3.2 crore shares to promoter group company on preferential basis
-Ajanta Pharma announces the launch of Levetiracetam tablets in the US (used to cure epileptic neurological disorders)
-IL&FS Engineering & Construction JV receives letter of award for Rs 153.99 crore turnkey works in Gujarat from Power Grid Corporation
-Monnet Ispat shareholders approve sale of power arm, Monnet Power: PTI
-L&T arm L&T Infotech to expand presence in US, Europe: PTI
-Lloyd Electric & Engineering acquires Noske-Kaeser's rail & vehicle global business for Rs 20 crore
-Inox Wind arm acquires Sarayu Wind Power, Kondapuram w.e.f March 25, 2016
-Oriental Bank of Commerce reduces term deposit rates by 50 bps
-BHEL commissions 600 MW thermal unit in Telangana
-DIPP notifies 49 percent FDI under auto route in insurance, pension: PTI
-Bajaj Finance allotted redeemable non-convertible debentures worth Rs 716 crore on preferential basis
-Public private project (PPP) appraisal committee clears 4 highway projects worth Rs 5706.63 crore
-Steelcast to allot 20.2 lakh shares at Rs 60/share to investors on preferential basis
-Tata Steel reaches deal to sell two steel plants in Scotland



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First Published on Mar 28, 2016 08:01 am
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