Here are stocks that are in news today:
Opto Circuits/BPL/Poly Medicure/Siemens-Medical devices such as stents, pacemakers and catheters may soon become expensive-The government is likely to increase basic custom duty by 5 percent on imported medical devices in the upcoming Budget: TOI-At present, the customs duty on imported medical devices varies from 5 percent to 10 percent, depending on the usage
Tata Teleservices-Tata Teleservices and Aircel are allowed to only top up their existing holdings and can't bid for new airwaves, the telecom department has said: ET-These are the only two companies that have declared a negative net worth for next month's spectrum auctions
M&M/ABG Shipyard/Bharat Forge-Mahindra Group is said to have initiated talks with ABG Shipyard to acquire a large strategic stake in the maker of naval ships and vessels: TOI-Bharat Forge is said to be another contender though executive director Amit Kalyani denied the reports-Spokespersons of Bharat Forge and Mahindra said the groups would not comment on market speculation-ABG CFO Dhananjay Datar said the company cannot comment on rumors and will "come out with official conformation if any definite transaction takes place"-Promoters of cash strapped ABG Shipyard in discussions with domestic & foreign companies to sell a strategic stake in their flagship listed entity: ET-Mahindra Group, Adani and a few foreign players, include some from Singapore, have been approached according to sources: ET
Financial Technologies-Writes to shareholders w.r.t merger of NSEL with company-Proposed merger of NSEL with company without consent of stakeholders
Tata Motors-Tata Motors begins its own quadricycle development under project Bravo-It could hit the roads around 2018: BS
PC Jeweller-India and SE Asia focused PE fund Creador Advisors acquired 3.2 percent stake in PC Jeweller for Rs 143 crore or USD 23 million-To raise its stake to 3.5 percent by investing another Rs 12.4 crore or USD 2 million: ET
Fund Action: Greenply Industries-Citigroup Global Market Mauritius sells 7.26 lakh shares at Rs 1011/share-Lakshdeep Investments & Finance buys 7.28 lakh shares at Rs 1010.95/share
MRPL says-Board approves subscribing to entire rights offer made by ONGC Mangalore Petrochemicals (OMPL)-To hold controlling stake in OMPL after rights shares allotment-Rights offer priced at Rs 14.2/share
Coal secretary Anil Swarup tweets-Qualified bidders for schedule-III blocks to be announced on March 2-Schedule-III coal block auctions to be held from March 4-8-Auction process of schedule-III blocks to be completed by April 2
TRAI-Issues regulations on domestic carriage charges-Cuts domestic carriage charge ceiling to 35 paise per minute from 65 paise per minute-Lowers domestic carriage charge ceiling w.e.f March 1
MoS Fertiliser Hansraj Ahir says-Have planned financial restructuring for 3 sick companies-3 sick companies include Madras Fert, Brahmaputra Valley Fert, FACT-May wave off government loans, grant interest free loans to sick companies
Finance Minister Arun Jaitley says-CCI dealt with 132 realty cases, closed 93 at prima-facie stage-CCI passed 'cease & desist' order in 13 realty cases-CCI imposed Rs 630 crore penalty on DLF, passed 'cease & desist' order
Godrej Consumer-Enters into agreement with Darling Group-To increase shareholding in Darling South Africa and Mozambique businesses to 90 percent
Dewan Housing-Launches share sale to raise up to USD 130 million-Launches share sale in price band of Rs 478.18-488.25/share-Board authorises opening of QIP issue-Sets floor price for QIP issue at Rs 494.95/share-May offer discount of not more than 5 percent on QIP floor price
Kingfisher Airlines says-Handed over possession of KFA House, Mumbai to SBICAP Trustee-SBICAP Trustee is security trustee for consortium of bankers
MoS Aviation says-AAI issues request for qualifications (RFQ) to implement PPP projects at four airports-4 airports include Chennai, Kolkata, Ahmedabad, Jaipur
Department of Telecommunications says-Total earnest money deposit (EMD) of Rs 4,500 crore deposited by 8 telecom companies (Telcos)-8 telcos pre-qualify for spectrum bidding-8 telcos include Bharti Airtel, Vodafone, Idea Cellular, Reliance Communications, Reliance Jio-8 telcos include Tata Teleservices, Telewings, Aircel-Bharti, Vodafone, Idea Cellular, Telewings can bid for Pan India spectrum-Reliance Jio, Reliance Communications can bid for Pan India spectrum-Tata Teleservices cannot bid in Assam, J&K, North East circles
MoS Finance says-Excise hike on petrol, diesel may yield Rs 20,250 crore more in FY15-Basic excise duty on branded petrol is at Rs 8.95/litre-Basic excise duty on unbranded petrol is at Rs 10.10/litre
SpiceJet says-Have cleared major outstanding dues related to TDS payments-Have also cleared all service tax dues & employee salaries-Dues' clearance a key step in company's revival, resurgence plan-Have started making meaningful payments to other business partnersSpiceJet COO says-Our resurgence is very much on track-Flying over 200 flights a day, to increase to 280 in April-Load factors are in mid-80s, on-time performance at 90 percent
Other stocks and sectors that are in news today:-Piramal Fund Management, a unit of Piramal Enterprises, plans to invest up to Rs 5,000 crore till March 2016 to finance construction projects: BS-Pantaloons Fashion received approval of shareholders to raise Rs 1,000 crore through non-convertible debentures (NCDs) on a private placement basis-Sesa Sterlite/Hindalco: Odisha's state mining firm has moved to end JV mining projects with Vendata-controlled Sesa Sterlite and Aditya Birla Group's Hindalco: ET-RBI says foreign shareholding in South Indian Bank now below threshold limit-RBI eases rules for seeking nod for change in shareholding-Health Minister says notification of rules on new pictorial health warnings on tobacco product packages, to come into effect from April 1-Dilip Shagvi Asociates & Company’s promoter group make open offer to acquire 26 percent stake in Suzlon Energy at Rs 18 apiece-Oil ministry suspends ONGC director Shashi Shankar: PTI-Sources say Maharashtra considers subsidy for sugar exports: Reuters-Jubilant Life receives US FDA nod for hypertension drug Irbesartan tablets-Orient Green Power divests its entire stake in wholly-owned non-operative subsidiary Theta Wind Energy-Harrisons Malyalam says Sanjiv Goenka resigns as chairman with immediate effect-Asian Paints says exploring options to set up paint manufacturing units in Karnataka and Andhra Pradesh-ONGC board to consider payment of 2nd interim dividend on March 20-Future Lifestyle ups stake in Indus Tree Crafts to 72.16 percent from 63.34 percent-Lupin gets US FDA nod for Glaucoma drug Bimatoprost
Disclosure: Reliance Industries (which owns Reliance Jio) has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
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