Here are stocks that are in news today:
Results today: Asian Paints, Dr Reddy's Labs, HDFC, Sesa Sterlite, IDFC, OBC, Karur Vysya Bank, Ashok Leyland, SKS Microfinance, Wonderla Holidays, Tata Metaliks, Transport Corporation, Tata Teleservices, ICRA, HCC
Reliance Industries-Company and BP to invest Rs 6,000 crore to improve D6 recovery: PTI-TO invest by 2016 to improve output
Jaiprakash Power-Company looks to defer payments on USD 200 million bonds-Company says it may not be able to redeem convertible bonds it had issued in 2010-Bonds are due on February 13
TCS-Eyes USD 5 billion in 5 years from digital vertical: PTI-Company has made similar statements before
Lupin/HDFC Bank-CCEA clears Lupin's proposal to hike FPI level to 49 percent-Lupin's proposal to lead to foreign investment of Rs 6099 croreAlert: Current FPI level at Lupin is 33 percent-CCEA clears HDFC Bank's proposal to keep foreign holding at 74 percent-CCEA clears HDFC Bank's plan to issue shares to NRIs, FPIs, FIIs-HDFC Bank's proposal to lead to foreign investment of Rs 10,000 crore
European Union: Reuters-Approves three-part deal between GlaxoSmithKline, Novartis-Approval is conditional on divestitures, distribution agreements-Deals include GSK's purchase of Novartis vaccines unit, consumer healthcare JV-Deals also include Novartis' acquisition of GSK's oncology business-Approves Mylan's acquisition of Abbott Labs' generic-drugs unit
NMDC/JSW Steel-JSW has taken offence to the pricing methodology adopted by National Mineral Development Corporation (NMDC)-JSW Steel claims that NMDC is charging 40 percent higher for similar quality iron ore fines than private miners in Odisha: ET
Maruti Suzuki-Suzuki Motor started construction of a manufacturing plant in Gujarat: ET-Suzuki Motors Gujarat will own the plant where it plans to invest close to Rs 8,500 crore in several phases
Government says-Coal India offer for sale (OFS) to open on January 30-To sell up to 31.58 crore shares in Coal India via OFS-To declare floor price for Coal India OFS on January 29-Coal India OFS to have greenshoe option of 31.58 crore shares-To sell 5 percent stake in Coal India via OFS with greenshoe option of selling additional 5 percent-25 percent of offer for sale reserved for MFs, insurance companiesAlert: Govt currently holds 89.65 percent stake in Coal India
Cabinet briefing: Ravi Shankar Prasad says-Cabinet decides not to appeal Bombay HC order in Vodafone transfer pricing case-Government will not appeal Vodafone transfer pricing order in SC-Cabinet decision on Vodafone case to increase investor confidence-FM took inputs from CBDT, AG on Vodafone transfer pricing case-Matter w.r.t Shell transfer pricing need to be examined-Cabinet approves base price for 2100 MHz spectrum auction-Have decided reserve price for 2100 MHz at Rs 3,705 crore per MHz-A 5 MHz block will be offered in all service areas except J&K, Bihar, Himachal Pradesh, West Bengal & Punjab-A total of 85 MHz in 17 licensed service areas (LSAs) being put to auction-Estimated revenues from 2100 MHz band auction at Rs 17,555 crore-Expect to garner Rs 5,793 crore from 2100 MHz band auction in FY15-Spectrum sharing & trading guidelines are being finalised-Price of 900 MHz much higher than 2,100 MHz band price-Spectrum availability is adequate-Spectrum auction will be fair & transparent-NOFN roll out will pick up; There were hiccups in equipment procurement
COAI says-Very disappointed with reserve price being accepted-Government creating artificial constraints in supply of spectrum
RBI says-NBFCs to be included as ‘credit institution’ now-NBFCs also required to become a member of at least one credit information companyAlert: All credit institutions need to be a member of at least one credit information company
Pidilite Industries Q3-Consolidated net profit up 28 percent at Rs 124.4 crore versus Rs 97.2 crore (YoY)-Consolidated total income up 12.5 percent at Rs 1,202 crore versus Rs 1,069 crore (YoY)-Consolidated EBITDA up 21.9 percent at Rs 193 crore versus Rs 159 crore (YoY)-Consolidated operating margin at 16.1 percent versus 14.8 percent (YoY)
JM Financial Q3-Consolidated net profit up 97.3 percent at Rs 87 crore versus Rs 44.1 crore (YoY)-Consolidated total income up 65.3 percent at Rs 365.8 crore versus Rs 221.3 crore (YoY)
NOCIL Q3-Net profit up 98.8 percent at Rs 16.5 crore versus Rs 8.3 crore (YoY)-Total income up 21.3 percent at Rs 177.1 crore versus Rs 146 crore (YoY)
Astral Poly Technik Q3-Net profit down 47.9 percent at Rs 11.1 crore versus Rs 21.3 crore (YoY)-Total income up 14.3 percent at Rs 303.1 crore versus Rs 265.1 crore (YoY)
Bharat Bijlee Q3-Net loss at Rs 4.1 crore versus profit of Rs 0.70 crore (YoY)-Total income up 12.6 percent at Rs 169.5 crore versus Rs 150.5 crore (YoY)
Snowman Logistics Q3-Net profit at Rs 5.8 crore versus Rs 2.3 crore (QoQ)-Total income up 6.2 percent at Rs 51.3 crore versus Rs 48.3 crore (QoQ)
Aditya Birla Money Q3-Consolidated net profit at Rs 0.76 crore versus loss of Rs 1.7 crore (YoY)-Consolidated total income at Rs 29.7 crore versus Rs 18.6 crore (YoY)
Alstom T&D India Q3-Net profit down 85.7 percent at Rs 2.7 crore versus Rs 18.9 crore (YoY)-Total income down 9.7 percent at Rs 766 crore versus Rs 848.3 crore (YoY)
Kalyani Forge Q3-Net loss at Rs 1.7 crore versus profit of Rs 0.39 crore (YoY)-Total income up 22.3 percent at Rs 58.7 crore versus Rs 48 crore (YoY)
Lloyd Electric Q3-Net profit up 71.9 percent at Rs 5.2 crore versus Rs 18.5 crore (YoY)-Total income up 16.7 percent at Rs 381.1 crore versus Rs 326.6 crore (YoY)
Welspun Corp Q3-Consolidated net profit at Rs 17.5 crore versus Rs 7.5 crore (YoY)-Consolidated total income up 29.2 percent at Rs 2,250 crore versus Rs 1,742 crore (YoY)
EIH Q3-Net profit up 6.3 percent at Rs 43.6 crore versus Rs 41 crore (YoY)-Total income up 6.6 percent at Rs 378.4 crore versus Rs 355 crore (YoY)
Torrent Pharma Q3-Consolidated net profit up 5.7 percent at Rs 167 crore versus Rs 158 crore (YoY)-Consolidated total income up 15.1 percent at Rs 1,168 crore versus Rs 1,015 crore (YoY)Torrent Pharma says-To seek shareholder nod to raise up to Rs 3,000 crore via QIP or depository receipts-To seek shareholder nod for up to Rs 7,500 crore bond sale
Other stocks and sectors that are in news today:-Tata Power to buy NELCO's defence biz of unattended ground sensors (UGS) via slump sale for Rs 8.3 crore-Indian Hotels Company may get to operate Taj Mahal Hotel, Delhi for 4-5 months more, as its current lease agreement expires this weekend: ET-SEBI, bourses put surveillance systems on high alert in view of Coal India share sale: PTI
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