Here are stocks that are in news today:
Reliance Infrastructure completes refinancing of project borrowings of Mumbai MetroReliance Infra says-Loan repayment of Rs 1,650 crore extended till 2037-Interest rate reduced to 11.75 percent from 13 percent per annum for Mumbai Metro -Average maturity period of loans doubled to 14 years
Infosys says-Will not shy away from making large investments even if margins fall-Working on margin band of 24-26 percent-Focussed on growing top clients across businesses-No increase seen yet in client spending-Formed a central sales team to look at large deals of over USD 50 million-Incentivising consulting team to drive growth-Will continue to make quarterly promotions-Energy & telecom spending still a concern-Retail spend will come back, just a matter of time
Mastek-Stock to trade ex-Majesco from today-Listed Mastek entity will have the services business-Every shareholder of Mastek will get equal shares in Majesco-Majesco is the company's insurance business-Majesco will be listed on NSE/BSE about 45-50 days later
Chief Economic Advisor Arvind Subramanian says-April-May indirect tax headline numbers 'very strong'-April-May indirect tax collection up 12.6 percent after removing additional steps-Indirect tax numbers show underline GDP growth is gaining momentum-There is pick-up in economy for sure-Should be cautious about growth in indirect tax rev due to base effect-Indirect tax base effect will be seen until June/July
RBI-Extends scheme for working capital loans under ECB route till March 31, 2016 for aviation companies-Revises reporting system for priority sector lending-Says scheme of raising ECB for low cost affordable housing projects to continue for FY16-Approves subscription to chit funds by NRIs on non-repatriation basis
RBI issues norms on sale of financial assets to securitisation company (SC)/asset restructuring company (ARC) & related issues-Financial institutions can reverse excess provision arising out of sale of NPAs only when cash received is higher than net book value (NBV) of non-performing assets (NPAs) sold to SCs/RCs-Quantum of excess provision reversed to profit & loss account will be limited to extent to which cash received exceeds NBV of NPAs sold-In addition to disclosure requirements quoted earlier, all financial institutions shall make disclosures about book value of investments in security receipts Tata Steel says-Company's European operations’ CEO Karl Koehler today met MPs in all party parliamentary group for steel-European operations’ CEO met MPs to discuss proposed changes to UK pension scheme-Explained context behind company’s continuing efforts to develop a fair pension scheme-Pension scheme is faced with a projected shortfall of up to pound 2 billion-European operations’ CEO answered all the questions MPs asked him-CEO assured MPs that company shares their concerns about potential industrial action-Remain open even at this late stage to unconditional talks with the unions-Decisions on dealing with challenges must be made imminently-Have over the last few months listened carefully to our employees-Will soon announce new steps to lessen impact of proposed pension changes-Hope that these important changes will be welcomed by employees-Hope that the trade unions will reconsider industrial action
Wipro-In talks to buy UK’s Equiniti for Rs 9900 crore: Reports ((Interest in Equiniti is known, deal value is new)-To transform customer service desk at Nexenta using Holmes that is Wipro’s artificial intelligence platform
Private bankers to be interviewed for CEO/ MD post at 5 large PSBs on June 15-16: PTI sources-High level search panel headed by RBI governor Raghuram Rajan to interview candidates IndusInd Bank-Board approves preferential allotment of equity shares of Rs 600 crore-To seek RBI & shareholder approvals for preferential allotment of equity shares
GMR Infrastructure says-Aviation ministry directs Airport Economic Regulatory Authority (AERA) to adopt a hybrid till with 30 percent cross subsidisation-Hybrid till with 30 percent cross subsidisation for tariff determination of GMR Hyderabad International Airport (GHIAL)Alert: AERA passed order in February determining GHIAL tariff considering single till
Other stocks and sectors that are in news today:-Lupin gets US FDA nod for anti-inflammatory drug Celecoxib-Orchid Pharma gets US FDA nod for alzheimer drug Rivastigmine Tartrate-Kitex Garments plans to field independent candidates in 17 wards of Kizhakambalam panchayat: ToI-Cairn India: Government likely to hike company’s Ravva gas price by 20 percent-Tata Motors to assemble commercial vehicles in Tunisia-Novartis India says have not received any notice from Novartis AG on their plan to delist company-Jagran Prakashan completes Radio City acquisition-Bajaj Finance to allot 32.74 lakh shares to QIBs at issue price of Rs 4,275/share-Oppenheimer hikes stake in DLF from 4.99 percent to 5.12 percent-SEBI revokes directions against Varun Shipping, says company resolved all pending investor grievances-Housing.com acquires risk assessment service provider Realty Business Intelligence for Rs 10 crore
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.