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Stocks in news: L&T, ONGC, Suzlon, IFCI, REI Agro, M&M, SBI

Hero Motocorp | Suzlon Energy | ONGC | IFCI | MCX India | L&T | REI Agro | Mahindra & Mahindra | Bosch | Indian Hotels and Dynamatic Technologies are stocks, which are in the news today.

March 26, 2015 / 10:29 AM IST
 
 
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Here are stocks that are in news today:

SBI says-To dilute stake in SBI General Insurance to 51 percent from 76 percent-IAG will increase stake in SBI General Insurance to 49 percent from 26 percent

Indian Hotels-NDMC to auction Taj Mansingh within 3 months-IHCL gets a 3-month extension for operating the Taj Mansingh-Company gets extension till June 30

Piramal Realty-Company in talks to divest stake: FE-May raise Rs 800-900 crore

ONGC-ONGC Videsh’s output may rise 5 percent this fiscal: FE-Company to invest Rs 40,000 crore in KG Basin over 4 years: BL

ICICI Bank-Has put Dunlop house on the block to recover its dues: ET-Ruia group had defaulted on loans worth Rs 519 crore

Corporate action-Va Tech Wabag - Bonus 1:1-VHCL Industries - Bonus 3:1

Fund ActionDynamatic Technologies-Citigroup Global Markets Mauritius Private Limited sells 3 lakh shares at Rs 3616.68/share-Goldman Sachs India Fund buys 1.57 lakh shares at Rs 3550/share-HDFC Prudence Fund buys 1.30 lakh shares at Rs 3723.70/shareAXISCADES Engineering Technologies-Jupiter Capital Private Limited sells 20.65 lakh shares at Rs 250.87/share (promoter)

Spectrum Auction-Auction in 2100 MHz, 1800 MHz, 900 MHz & 800 MHz bands ends-Auction ends on day 19 after 115 rounds of bidding-5 rounds of bidding were completed on March 25-Auction came to an end after 115 rounds of bidding-The bidding took place in all bands-At the end of 115th round, about 89 percent of spectrum provisionally allocated-Provisional amount committed by bidder at Rs 1,09,874 croreGovernment-Provisionally allots 83 percent of spectrum on offer in 800 MHz-Provisionally allots 94 percent of spectrum on offer in 900 MHz-Provisionally allots 95 percent of spectrum on offer in 1800 MHz-Provisionally allots 82 percent of spectrum on offer in 2100 MHz-Gets 67 percent premium over reserve price of Rs 65,463.40 crore800 MHz trends (per block)-Andhra Pradesh bid premium at 163 percent, Assam at 174 percent above reserve price per block-Delhi bid premium at 37 percent; Mumbai at 65 percent-Maharashtra bid premiums at 131 percent900 MHz trends (per block)-Andhra Pradesh bid premium at 48 percent; Bihar at 196 percent, Assam at 164 percent-Kerala bid premium at 117 percent, Madhya Pradesh at 72 percent, Maharashtra at 46 percent-Orissa bid premium at 99 percent, UP-East at 237 percent, UP-West at 334 percent1800 MHz trends (per block)-Andhra Pradesh bid premium at 43 percent, Kolkata at 113 percent-Haryana bid premium at 55 percent, Himachal Pradesh at 59 percent2100 MHz trends (per block)-Incremental demand seen for Assam, J&K, Kerala, Kolkata, MP, North East, Orissa

Department of Telecommunications: Sources-Unlikely that spectrum proceeds will come in for FY15-Telecom companies will be given 10 days to make payment for spectrum

Coal & Power Minister Piyush Goyal says-Will set up a power system development (PSD) fund-31 gas-based power plants stranded; fund will offer relief to plants-Cabinet approves reverse bidding formula to support plant via PSD-To follow reverse e-bidding process to offer gas to stranded power plants-To sell pooled gas to power plants via reverse e-bidding-South India has 5500 MW of stranded gas power plants-Power plants running on imported gas may reverse bid for subsidy-Promoters of gas power plants have to forego return on equity-Want to get stranded plants to work at least on 30 percent of PLF (plant load factor)-Idea is to not let power plants based on gas based to turn NPAs-States will let go of VAT & local taxes-GAIL to give discount on marketing & pipeline charges-Turnaround for gas based power plants is high-Peak load power management will be managed by gas-GAIL and GSPL will be permitted to import gas on spot basis-Companies will be allowed to bid for 30 percent of their gas requirements-Companies which bid for lowest subsidy will get the gas-Domestic gas allotment will not be changed-Expect the bidding process to begin in 30-35 days-GAIL will be pool operator outside of Gujarat-Reverse bidding will start at Rs 5.50/unit

Telecom & IT Minister Ravi Shankar Prasad says-Will install 73 super computers across the country; will cost Rs 4,500 crore-National e-governance plan harmonised with Digital India-Will make changes to Island Waterways Act to declare national waterways-Government will declare 101 island waterways as national waterways-Will notify 101 national waterways from the current 5

Railway Minister Suresh Prabhu says-Infra development crucial to promote & sustain growth-Lack of infrastructure holding back India's growth-Infra development has to be driven & lead by public spending-Huge activity seen in roads sector-Huge potential for development in inland waterways-Working on multimodal transport systems-In final stages of setting up integrated corporation for multimodal transport-Investing in brownfield rail projects at the moment-Will ensure quicker return on investment by making initial investment in brownfield projects-Railways will see investments of USD 140 billion in next five years

Other stocks and sectors that are in news today:-LIC sees 40 percent growth in new premiums in March: BS-Bosch to hire 3200 Engineers in FY16 in India-Praj Industries signs MoU to become a licensee for bio fuels company Gevo: BL-M&M may buy design firm, Pininfarina, known for Ferraris & Maseratis: FE-REI Agro -- RBI detects fraud, CBI probe likely: FE-Suzlon Energy to sell SE Forge & other assets to raise Rs 2500 crore: TOI-L&T plans to hive off its electrical and automation business: ET-IFCI proposes to offload its entire stake in MCX in the open market by the end of FY15: ET-J&K government gets a coal block jointly with NTPC in Odissa-Jindal Stainless says Jitender Verma resigns as CFO-Cabinet gives 'in principle' nod to concept of Sagarmala project-Suzlon Energy to allot 16.9 crore shares to bond holders-Hero MotoCorp, Magneti Marelli JV opens new centre in Manesar

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