Moneycontrol
Oct 12, 2017 09:32 AM IST | Source: CNBC-TV18

Stocks in the news: IndusInd Bank, TCS, Sun Pharma, L&T, Indiabulls Real, MMTC, Jet Airways

IndusInd Bank | Sun Pharma | L&T | Indiabulls Ventures | Indiabulls Real Estate | Hero Motocorp | TV18 Broadcast | Network18 | MMTC | STC | Lakshmi Vilas Bank | Precision Camshafts | Jet Airways | Monsanto and BSE Limited are stocks, which are in the news today.


Here are stocks that are in news today:

Results today: TCS, IndusInd Bank, Bajaj Corp, Cyient, Reliance Industrial Infrastructure, Nalin Lease Finance, Best Steel Logistics, NINtec Systems

TV18 Broadcast Q2
-Consolidated net profit at Rs 7.3 crore versus loss of Rs 1.1 crore (YoY)
-Consolidated revenue (as per Ind AS) at Rs 227.2 crore versus Rs 239.8 crore (YoY)
-Consolidated segment operating EBITDA at Rs 38 crore versus Rs 15 crore (YoY)

-Consolidated revenue at Rs 684 crore versus Rs 659 crore (YoY)

Network18 Q2
-Consolidated net loss at Rs 70.7 crore versus loss of Rs 90.5 crore (YoY)
-Consolidated revenue at Rs 326.9 crore versus Rs 378.6 crore (YoY)
-EBITDA loss at Rs 33.7 crore versus loss of Rs 72 crore (YoY)
-Homeshop18 in an agreement with Shop CJ to combine business of both companies via share swap

-Shop CJ shareholders will be issued 25 percent equity in Homeshop18 upon deal completion

MMTC, STC in focus: Sources say
-Commerce Ministry recommends relaxation for MMTC, PEC & STC on paying dividend

-Commerce Ministry writes to Finance Ministry seeking relaxation on dividend for MMTC, PEC & STC

Oil Minister, Dharmendra Pradhan says
-Working on a gas exchange for transparent pricing mechanism

-Cabinet approves LNG swapping mechanism with Japan

Lakshmi Vilas Bank
-Says NS Venkatesh, Executive Director & Chief Financial Officer resigns
-Resignations follow his appointment as MD & CEO of Association of Mutual Funds in India

-Q2 slippages at Rs 630 crore versus Rs 380 crore QoQ, watchlist now at Rs 1,700-Rs 1,750 crore

Other stocks and sectors that are in news today:
-General Insurance Corporation IPO subscribed 80 percent on day 1
-Indian Energy Exchange IPO oversubscribed 2.28 times
-6 stocks under F&O ban period on NSE: BEML, DHFL, Indiabulls Real Estate, JSW Energy, Reliance Communications, Reliance Capital
-Fund action: HSBC Global sells 1.19 crore shares of South Indian Bank
-Fund action: Buena Vista Fund sells 15.62 lakh shares of Bajaj Corp
-Reliance Nippon AMC sets IPO price in the range of Rs 247-252 per share
-IndusInd Bank to hold a board meeting on Saturday to consider strategic combination & also issue warrants to promoters on preferential basis
-Sun Pharma gets Establishment Inspection Report from USFDA for Dadra Facility
-Indiabulls Ventures has developed a mobile app for instant personal loan disbursals to new customers
-HCL Infosystems board meeting on October 14 to consider rights issue
-L&T says to sale stake in Ewac Alloys for Rs 522 crore to ESAB
-Hero MotoCorp sells 2 million bikes and scooters in July to September quarter
-LT Foods inaugurates ready to heat facility in Houston to manufacture organic ready to heat rice products
-Indiabulls Real Estate to delist IPIT by buying 45 percent stake from Farallon Group
-Precision Camshafts acquired Nashik-based MEMCO engineering for an undisclosed sum
-Jet Airways to buy 75 aircraft to increase share in domestic market
-Aditya Birla Group set to exit fertilizer business for around Rs 3,000 crore: BS
-Monsanto settles GM cotton dispute with 3 Indian seed firms: Mint
-HDFC to issue non-convertible debentures worth Rs 2,500 crore
-BSE's India INX to commence trading in WTI & Brent futures from October 2017

-Cabinet approves about Rs 6,655 crore spending for skill development

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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