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
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