Here are stocks that are in news today:
Results Today: Reliance Industrial Infrastructure, TV18, Network 18
VRL Logistics IPO-Open for subscription today-Price band fixed from Rs 195 to 205/share-VRL Logistics allots 68.5 lakh equity shares to 15 anchor investors worth Rs 140.36 crore
Last day of trading of ING Vysya Bank-ING Vysya Bank shareholders will receive 725 shares in Kotak Mahindra Bank for 1000 shares held-Record date has been fixed at April 17
Tata Motors-JLR likely to invest 600 million pound in UK as part of its expansion plans-Expansion plans includes doubling size of company's operations at headquarters in Coventry: ET
ABG Shipyard-Would bring an equal partner in the business by mid-August: BS-Move to help the debt-burdened firm focus on defence-sector orders-Company in talks with local as well as global players for strategic investment
Gateway Distriparks-Company aiming to list its rail unit unit Gateway Rail Freight by the end of the current year-Analysts value unit at nearly USD 500 million
Torrent Pharmaceuticals-Company is close to sealing deal to acquire dermatology business of Encore group-Market sources peg the deal size at upwards of Rs 350 crore: TOI
March auto sales: Tata Motors-Total JLR retail sales up 6 percent at 58,481 units (YoY)-Land Rover retail sales up 13 percent at 49,099 units (YoY)-Jaguar sales retail down 20 percent at 9,382 units (YoY)
Fund ActionZee Learn-Veritable LP Vittoria Fund SR LP - Asia Portfolio buys 35.40 lakh shares at Rs 37/shareRain Industries-Bridge India Fund buys 26.60 lakh shares at Rs 31/share-Morgan Stanley sells 26.60 lakh shares at Rs 36/shareProzone-SBI Mutual Fund sells 25.64 lakh shares at Rs 31/share
ACC Q1-Consolidated net profit at Rs 236.5 crore versus Rs 400 crore (YoY)-Consolidated net sales at Rs 2,885.4 crore versus Rs 2,967 crore (YoY)-Consolidated EBITDA at Rs 415 crore versus Rs 365 crore (YoY)-Consolidated operating margin at 14.4 percent versus 12.3 percent (YoY)-Exceptional item at Rs 164.5 crore
DCB Bank Q4-Net profit at Rs 63 crore versus Rs 39.1 crore (YoY)-NII at Rs 129.6 crore versus Rs 100 crore (YoY)-Gross NPAs at 1.76 percent versus 1.87 percent (QoQ)-Net NPAs at 1.01 percent versus 1 percent (QoQ)-Provisions at Rs 14.3 crore versus Rs 18.4 crore (QoQ), Rs 11 crore (YoY)
Flipkart pulls out of Airtel ZeroFlipkart says-Will walk away from ongoing talks with Airtel for their platform Airtel Zero-Strongly believe in the concept of net neutrality-Will commit ourselves to the larger cause of net neutrality in India-Will be working towards ensuring that the spirit of net neutrality is upheld-Committed to the larger cause of net neutrality in India-Have a deeper understanding of the implications of zero rating-Have had debates both internally & externally on the topic of zero rating-Will be internally discussing details of actions over the next few days-Have realised Airtel Zero could go against net neutralityFlipkart to CNBC-TV18-Have realised Airtel Zero could go against net neutrality-Have had discussions both internally & externally on the topic of zero rating-Decision taken looking at best interest of customers-Not sure if any middle ground is possible w.r.t. net neutrality
Temasek acquires SVB India Finance; renames it Innoven Capital IndiaInnoven Capital says-The acquisition of SVB India Finance was pegged at approximately Rs 300 crore-Madhabi Puri Buch appointed as chairperson
Bosch says-Will lift lockout at company's Jaipur plant w.e.f. first shift of April 15-Had a conciliation meeting with labour union on April 13-Labour secretary directed both parties to continue talks on long-term wage settlement
Bajaj Auto launches new Pulsar series of bikes-Bajaj Auto says Pulsar AS200 priced at Rs 91,500, Pulsar AS15O priced at Rs 79,000Bajaj Auto MD Rajiv Bajaj says-Not looking at any new launches, re-entry into scooter segment-Expect more launches in the sports segment in the coming two months-Government pushing Make In India but is withdrawing incentives under FTP for exporters-Odd that before addressing land & labour issues, government looks to remove benefits-Will not give discounts to stimulate sales
Bajaj Auto Motorcycles President Eric Vas says-Crop damage is likely to affect rural demand, will impact rural sales-Crop damage & depressed rural incomes to shave off 5-6 bps of growth-Fast approaching wedding season will help compensate
Alstom T&D India-Gets order worth Rs 56.9 crore from BARC for its Challakere unit in Karnataka-To provide transmission equipment for BARC's Challakere unit in Karnataka
ICICI Bank-Reduces home loan rates by 25 bps for all existing & new customers-Offers loans at 9.85 percent for women borrowers-Applicants from weaker sections will also get home loan at 9.85 percent-Interest rate for fixed rate home loan have also been reduced-10-year fixed rate loans up to Rs 30 lakh at 9.90 percent-Reduced rate will be effective from April 14 for new borrowers
Welspun Renewables signs 550 MW MoU with iPLON at Hannover Messe, GermanyWelspun Renewables says-Target commissioning over 1 GW of solar & wind capacity within FY15
Tata Communications launches media ecosystem to drive broadcast innovation-Tata Communications launches first established video network provider to create a cloud-based next generation media services platform-Tata Communications says Red Bull Media House chooses company as its global partner for connectivity & innovation
Lakshmi Vilas Bank-Revises interest rate on domestic term deposit w.e.f April 14-Cuts interest rate on domestic term deposit for basket of 2-5 years to 8.8 percent-Cuts interest rate on domestic term deposit for 91-180 days period to 8.1 percent
Coal block end-use case: Delhi HC reserves order on pleas filed by Monnet, Hindalco, JSPL and Jayaswal NecoDelhi High Court says-To next hear JSPL plea coal block bid cancellation case on May 7-Coal India will remain custodian of blocks that were bid by JSPL and BALCO-Government should not take any coercive or irreversible actions
Gujarat Gas-Gets nod from PNGRB to expand distribution network for Thane-Gets infrastructure exclusivity up to April 1, 2040-Gets marketing exclusivity up to April 1, 2020
Mangalore Chemicals-Deepak Fertilisers subsidiary SCM Soilfert sells 12.1 percent of total 28.5 percent holding in company via bulk deal-Deepak Fertilisers subsidiary SCM Soilfert sells 1.43 cr shares at Rs 87.78-`87.95/share on BSE & NSEAlert: Majority of shares in Mangalore Chemicals are bought by IIFL fund
Other stocks and sectors that are in news today:-March WPI inflation data to be released today-Government plans to auction 69 small and marginal oil fields of state-owned ONGC & Oil India to private firms: ET-Muthoot Finance Group has entered into the home loan segment with the launch of Muthoot Homfin: ET-DHFL reduced its home loan rate by 25 basis points to 9.9 percent: ET-Escorts enters into a joint venture with Amul Group for manufacturing specialised tractors-Educomp would exit all its non-core businesses: BS-SMC Global gets SEBI nod for Rs 125 crore IPO-Axis Bank revises its home loans at 9.95 percent effective April 13-Indiabulls Housing Finance reduces its home loan rate by 20 bps to 9.9 percent effective April 14-Zomato buys data company Maplepos to push online payment-Vodafone invests Rs 480 crore to enhance network in East Uttar Pradesh-Scania to supply 200 trucks to BGR Mining & Infra-SEBI notifies mechanism for tendering & settlement of shares via exchanges-Lancor Holdings says Madras High Court approves merger of two arms with company-Kotak Mahindra Bank cuts base rate by 15 bps to 9.85 percent effective April 16-Caplin Point enters into a licence & distribution pact with UK-based co Cycle Pharma-MOIL presents dividend of Rs 60.1 crore to steel & mines minister Narendra Singh Tomar-Government de-reserves remaining 20 items reserved for micro & small enterprises sector-Essar Power commissions 1st unit of 120 MW Paradeep power plant in Odisha: PTI-Green Tribunal order on diesel vehicles: Truckers defer proposed strike for national capital region till May 1-Lupin gets US FDA nod for alzheimer's drug Memantine hydrochloride-Glenmark Pharma arm gets US FDA nod for alzheimer's drug Memantine hydrochloride-Torrent Pharma gets tentative approval by US FDA for Rosuvastatin calcium-KNR Constructions bags 3 orders worth Rs 729 crore from Tamil Nadu government
Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
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