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Stocks in news: TCS, ONGC, Mindtree, DCB, Hindustan Zinc

TCS | ONGC | Kalindee Rail | Castrol India | Bajaj Holdings | Heidelberg Cement | Bharti Airtel | Idea Cellular | Development Credit Bank | Bajaj Auto | Mindtree | Blue Dart | PFC | Hindustan Zinc and Hindalco are stocks, which are in the news today.

October 17, 2013 / 10:20 AM IST
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  • nselive
Todays L/H

Here are stocks that are in news today:

Results today: Axis Bank, HCL Technologies, DB Corp, Liberty Phosphate, South Indian Bank

Coalgate Scam: CBI Sources Allege
-Incriminating documents found in the search conducted earlier
-Former Coal Secretary PC Parakh may have favoured Hindalco
-KM Birla met PC Parakh; overturned screening committee decision

Network18 Exclusive: PC Parakh says
-All allegations against me are false
-Allocation for Hindalco was on a fair basis
-'Birla met PM & presented that Neyveli allocation was unfair'
-Birla presented that Hindalco was first to apply for mines
-Found merit in Birla's presentation
-Won't say anyone was lobbying or anyone from prime ministers' office (PMO) was in touch
-I was not pressurised by any PMO officials at any point
-PM could have overruled my decision
-Everyone was equally responsible in matter
-No case in my mind; don't know why CBI has named me
-Saying Hindalco benifitted from block allocation incorrect
-Dasari Narayana Rao must be questioned in this case

Hindalco says
-Have followed all processes required for coal allocation
-Every process in-line with GoI regulations followed
-Allegations made by the CBI are paradoxical
-Allegations against KM Birla are preposterous
-Talabira II, III mines jointly allotted to Mahanadi coal fields, Neyveli Lignite (NLC)
-Company has only a 15 percent stake in Mahanadi Coal fields, NLC JV
-Have still not received clearances to start mining
-Delayed clearances made for irrecoverable losses for company
-No mining has been carried out in Talabira II, III mines
-Application for Talabira-II mine made by Alcan's arm in 1996

-offers USD 3.48 billion for government's stake in Hindustan Zinc (HZL), BALCO
Alert: Govt holds 29.5 percent in HZL, 49 percent in BALCO
-Ups total offer for HZL, BALCO stake by USD 40 million
-No change in the terms of previous enabling resolution
-Resolution only been extended for a year
-Earlier approval expired in August
-No fresh offer been made to govt on HZL, BALCO stake sale
-EGM on October 30 for shareholders' nod on HZL, BALCO offer
Prime Broking declared defaulter by National Securities Clearing Corporation, with immediate effect
Prime Broking says
-Shocked by the arbitrary, high handed action of NSCCL     
Alert: NSCCL is National Securities Clearing Corporation
-Have attempted to communicate with NSCCL, NSE
-'Regrettably NSCCL, NSE have ignored our submissions'     
-Actions of NSCCL & NSE have forced shutdown of broking business
-Will consider necessary legal steps against NSCCL & NSE

PFC: from PTI
-Withdraws Request for Qualification (RFQ) for Surguja UMPP in Chhattisgarh
-RFQ for Surguja UMPP was issued on March 15, 2010
-RFQ dropped due to issues with proposed coal block
-Coal block proposed for UMPP fell under forest area

NSEL Case: Sources
-Enforcement Directorate (ED) completes interrogation of Anjani Sinha
-ED to take a call on arrests after establishing money trail
-NSEL Issue: Anjani Sinha is questioned at Enforcement Directorate

Coal block allocation case: Sources
-Government worried about the fallout of coal chargesheet    
-Prime Minister asks Anand  Sharma to reassure corporates

Network18 Exclusive:: Commerce Minister Anand Sharma says
-KM Birla a respected leader, FIR against him will hurt investments
-Ministers or PM cannot be blamed squarely for decisions taken

Mohandas Pai says
-Strong evidence needed to place KM Birla's name in chargesheet
-Sad state of affairs w.r.t. regulatory clarity in India
-Foreign investment in India is thinning out
-Government needs to take steps to create strong investment environment
-Very sad that KM Birla has been named in chargesheet
-Sources To PTI: CBI recovers Rs 25 crore of unaccounted money during searches at Hindalco office in Delhi

World Bank revises India's FY14 growth projection downwards
World Bank on India:
-FY14 growth estimate revised to 4.7 percent from 6.1 percent earlier
-See India growth rate at 6.2 percent in FY15

Department Of Industrial Policy & Promotion (DIPP) says:
-Hungary offers Civilian UAV Tech to India
-Hungary proposes joint production of Civilian UAV    
-UAV applications in industrial disasters, floods, environment
-Proposal made in Indo-Hungary joint commission
Alert: Hungarian PM Viktor Orban on India tour starting Wednesday
-DIPP says Hungary keen on investing in bus manufacturing & auto component business
-ONGC & Hungarian company MOL may mull joint upstream exploration
-ONGC & MOL likely to sign MoU on joint exploration

Shah commission submits report on Jharkhand & Orissa mining: Sources
-Report focusses on illegal mining & losses to the exchequer
-Shah Commission report to be made made public once laid in parliament
Alert: Term of justice MB Shah commission on illegal mining ends today
Alert: Mining was banned in Karnataka & Goa after earlier report

Zydus Cadila
-Signs agreeement with Pieris to develop Novel Anticalin Therapeutics
Alert: Pieris is a Germany-based Therapeutic Protein R&D company
-Company has exclusive marketing rights in India & other EMs for Anticalin

From Reuters: Apollo Tyres
-Denies allegations regarding its negotiations with USW
Alert: USW is United Steel workers
-Worked diligently to reach settlement with USW
-Filed a counter claim seeking declaratory judgment that pre-conditions to merger not satisfied
-Believe merger with cooper tire strategically compelling

TCS Q2FY14 Q-o-Q
-Dollar revenues up 5.4 percent at USD 3337 million versus USD 3165 million
-Rupee revenues up 16.6 percent at Rs 20977 crore versus Rs 17987.1 crore
-EBIT at Rs 6329.5 crore versus Rs 4862.7 crore
-EBIT margin at 30.17 percent versus 27.03 percent
-PAT up 23.9 percent at Rs 4701.8 crore versus Rs 3796 crore
-Forex loss at Rs 377 crore versus 104 crore

TCS says
-Increasing FY14 hiring guidance to 50,000 from 45,000
-Will give 25,000 campus offers for FY15
Alert: TCS is first IT company to release FY15 hiring figures
Alert: TCS is first IT company to up hiring guidance for FY14
-TCS announces dividend of Rs 4/share; EPS at Rs 24/share

Bajaj Auto Q2FY14 Y-o-Y             
-Revenues up 4 percent at Rs 5175 crore v/s Rs 4972.4crore
-PAT up 13 percent at Rs 837 crore v/s Rs 740.6 crore
-EBITDA at Rs 1132 crore v/s Rs 915.2 crore                         
-OPM percent at 21.9 percent v/s 18.4 percent
-EBITDA at 23.1 percent v/s 18.7 percent
-Forex loss of Rs 39.4 crore

MindTree Q2 Q-o-Q       
-Net profit down 5 percent at Rs 128.7 crore versus Rs 135.4 crore
-Net sales up 19 percent at Rs 769.5 crore versus Rs 647.7 crore
-Forex gain at Rs 20 crore versus gain of Rs 62 crore
-Dollar revenue up 5.4 percent at USD 124 million
-EBITDA at Rs 160 crore versus Rs 119 crore
-EBITDA margin at 20.8 percent versus 18.4 percent

Blue Dart Q2 Y-o-Y
-Net profit down 6.83 percent at Rs 30 crore versus Rs 32.2 crore
-Net sales up 12.87 percent at Rs 471 crore versus Rs 417.3 crore

Development Credit Bank Q2 Y-o-Y
-Net profit up 50 percent to Rs 33 crore v/s Rs 22 crore
-NII Up 35.82 percent to Rs 91 crore c v/s Rs 67 crore
-NIM at 3.68 percent v/s 3.24 percent
-GNPA 3.43 percent v/s 3.86 percent

HeidelbergCement India Q3 Y-o-Y
-Net loss at Rs 28.4 crore versus Rs 7.5 crore profit
-Net sales at Rs 294.1 crore versus Rs 254.8 crore (up 15 percent)

Bajaj Holdings Q2 Y-o-Y
-Net profit at Rs 460 crore versus Rs 390.5 crore (up 18 percent)
-Net sales at Rs 88.4 crore versus Rs 91 crore (down 3 percent)

Inox Leisure Q2 Y-o-Y
-Net profit at Rs 10.1 crore versus Rs 11 crore (down 8 percent)
-Net sales at Rs 228 crore versus Rs 205.2 crore (up 11 percent)

Castrol India Q3 Y-o-Y
-Net profit at Rs 104.5 crore versus Rs 85.7 crore (up 22 percent)
-Income from operations at Rs 719.6 crore versus Rs 719 crore

Other stocks and sectors that are in news today:
-ONGC finds rich reserves in KG basin block, reserves seen at 100mt, 4 times earlier estimate: FE
-JPMorgan to pay USD 100 million fine to settle London Whale Case with CFTC
-Texmaco Rail ups Kalindee Rail offer price from Rs 68/Share to Rs 71/Share
-Thermax appoints Amitabha Mukhopadhyay as CFO w.e.f October 14
-Anjani Sinha wife traded in NSEL without margin: ET
-WNS appoints Adrian T Dillon as chairman effective January 1, 2014

September telecom data M-o-M
-Bharti Airtel added 11.6 lakh GSM users versus 8.3 lakh
-Idea Cellular added 12.1 lakh GSM users versus 7.5 lakh
-Vodafone added 12 lakh GSM users versus 85,812 loss
-Uninor added 1.02 lakh GSM users versus 5.05 lakh loss
-India GSM user addition at 44.07 lakh versus 17.81 lakh

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