Stock Market

Stocks in news: BHEL, IRB, Siemens, Geometric, Adani Ports, TVS

Here are stocks that are in news today:

Banking Sector
RBI Makes Amendments To Treatment Of B/S Items To Get Regulatory Capital
Deferred Tax Assets Arising Fm Timing Differences May Be Seen As CET-1 Cap
FX Reserves Due To Translation Of Financial Statements Will Be CET-1 Cap
FX Reserves Due To Translation Of Fin Statements To Be Reckoned At 25% Discount

February Auto Sales
TVS Motor total Sales Up 7% At 2.19 Lakh Units (YoY)  
Hero MotoCorp total Sales Up 13.6% At 5.5 Lakh Units (YoY)
Eicher Motors total CV Sales Up 57.2% At 5,032 Units (YoY)
SML Isuzu total Sales Up 3% At 1,010 Units (YoY)
Tata Motors total Sales Up 6% At 46,674 Units (YoY)

Tata Motors
-Hikes Prices Of Passenger Vehicles By Up To `35,000
-Hikes Prices Of Passenger Vehicles To Offset Impact Of Infra Cess

Geometric / HCL Tech (ToI)
HCL Tech may buy out Godrej in Geometric
Eyes 38% in deal valuing $200 mn

Coal India (Consol, Provisional)
February Offtake at 45.5 MTe vs target of 47.13 MTe
February Production at 51.01 MTe vs Target of 52 MTe

Idea (ET)
Idea may have to pay Rs 496-cr tax for Videocon’s 4G airwaves
Co will have to ink deal before june 1 to avoid ST change proposed in Budget

Piramal Enterprises
To issue 1000 Secured Redeemable Non-Convertible Debentures (FV 10 lk)
NCDs aggregating to `100 cr to be listed on NSE – Wholesale Debt Segment

Indian Hotels
Allots 18.18 lk equity shares upon conversion of CCDs
CCDs are Compulsorily Convertible Debentures

Indian Hotels (ET)
Decides to discontinue its management contract for The Gateway Hotel Rawalkot Jaisalmer
3rd exit in last 3 months

Tata Power
Subsidiary Bhira Investments has successfully refinanced USD 460mn of debt due on Feb 29th
New facility carries coupon linked to LIBOR, tenure 5 years

Plastiblends India
Co plans to increase capacity
Co has acquired land in near Kolkata to setup new unit
Expansion will be funded through internal accruals

In strategic tie up with IOC
To set up Vakrangee Kendra at IOC’s retail outlets in Uttar Pradesh

JSW Energy
RERC has vide its order for the 1,080 MW Lignite Power Plant at Banner, Rajasthan of (RWPL)
Raj WestPower Limited (RWPL)
Rajasthan Electricity Regulatory Commission (RERC)

Consumer healthcare business has been transferred to Cipla Health Limited
This is with effect from the close of business hours on February 29, 2016

Completes acquisition of HealthPlan Services earlier than expected
Co’s plans to acquire Viteos Group is awaiting approvals

South Indian Bank
To appoint International Finance Corp as consultant for advisory support
To seek advice in business verticals of Retail, Agri and SMEs

Titan (ET)
Titan eye wear plans foraying into frame-making business
Will make an initial investment of Rs 40 cr

Other stocks and sectors that are in news today:
IRB Infra Says Govt Cancels Bid Process & Letter Of Award For J&K Project
BHEL bags Rs.5,600 Crore order for 1,600 MW Supercritical Power Project in Tamil Nadu
IDBI Bank to raise `6500 cr from sale of assets, offer ESOPs
Nitesh Estates signs Joint Development Agreement for `175 cr residential project in Banglore
HeidelbergCement India: India Ratings upgrades Long Term Issuer Ratings to ‘Ind AA’ from ‘Ind AA-‘
Siemens board to meet on 4th March to consider sale of Co’s Healthcare undertaking to a subsidiary of Siemens AG
Capital First raises Rs. 60,00,00,000/- (Rupees Sixty Crores) by issue of NCD’s on private placement basis
SKS Microfinance completes Fifth securitization transaction of Rs.216.21 crore in FY16
RBI Says FIIs Limit In Tata Chemicals Hits Trigger Limit
Adani Ports gets to club 3 SEZs un Gujarat
DCB Bank Buys 5.81% Stake In Annapurna Microfinance For `10 Cr
Rushil Decor to establish new plant in South India to produce ‘Thin MDF’
Navneet Education fixes 15th March as record date for payment of interim dividend
Cadila Healthcare board to meet on March 8th to consider interim dividend and record date
Zydus Wellness board to meet on March 4th to consider interim dividend and record date
Apar Industries board to meet on March 16th to consider interim dividend and record date
Dena Bank to raise 65 cr by selling stake to LIC: FE