Here are stocks that are in news today:
MSCI August re-balancing- Mahindra & Mahindra Financial Services (India) added to MSCI Global Standard Indices
- Axis Bank removed
- Wipro 's weightage increased
- ICICI Bank and Godrej Consumer Products ' weightage decreased
Singapore Telecom: Reuters
-To buy around 3.62 percent of Bharti Airtel shares for about Singapore dollar 383.6 million
-Effective interest in Bharti Airtel to be 32.34 percent from 30.76 percent
Tata Motors (stock was up 10 percent on Wednesday)
-July global wholesales at 87,566 vs 84,458 units (MoM)
-July global wholesales for commercial vehicle at 40,882 vs 41,577 units (MoM)
-July global wholesales for passenger vehicle at 46,684 vs 42,881 units (MoM)
-July global wholesales for JLR at 35,162 vs 30,536 units (MoM)
Orange County in California, US, has filed a lawsuit against TCS , India’s largest IT company for delays and cost over-runs in a software project.
TCS to CNBC-TV18: on California Matter
-Do not discuss pending legal matters as per policy
-Stand by company's quality of work, commitment to customer success
Other stocks and sectors that are in news today:
-Mobile call rates set to rise by 10 paise per minute (Around 15 percent increase): ET
-Holcim reported results below street expectation; cuts profit guidance
- Educomp : Anil Sharma, Company Secretary & Compliance officer of the company resigns
- Bosch proposed to suspend the manufacturing operations at Nashik Plant : 16-17 August, Jaipur Plant : 19th, 21st to 23rd August
Orchid Chemicals April-June quarter (YoY)
-Company extends its financial year again by 6 months to September 30, 2013. Earlier it was extended to June 30, 2013
-Revenues down 28 percent to Rs 257 crore versus Rs 357 crore
-EBITDA Rs 43 crore versus Rs 56 crore
-OPM at 17 percent versus 15.6 percent
-Net loss Rs 54.5 crore versus Rs 51 crore
-Interest costs up 33 percent Y-o-Y to Rs 95.3 crore versus Rs 71.3 crore
-Interest costs up 11 percent Q-o-Q to Rs 95 crore versus Rs 85.7 crore
-FY13 interest costs Rs 399.5 crore
nitesh kumar
pgdm 1st
MSCI August re-balancing- Mahindra & Mahindra Financial Services (India) added to MSCI Global Standard Indices
- Axis Bank removed
- Wipro 's weightage increased
- ICICI Bank and Godrej Consumer Products ' weightage decreased
Singapore Telecom: Reuters
-To buy around 3.62 percent of Bharti Airtel shares for about Singapore dollar 383.6 million
-Effective interest in Bharti Airtel to be 32.34 percent from 30.76 percent
Tata Motors (stock was up 10 percent on Wednesday)
-July global wholesales at 87,566 vs 84,458 units (MoM)
-July global wholesales for commercial vehicle at 40,882 vs 41,577 units (MoM)
-July global wholesales for passenger vehicle at 46,684 vs 42,881 units (MoM)
-July global wholesales for JLR at 35,162 vs 30,536 units (MoM)
Orange County in California, US, has filed a lawsuit against TCS , India’s largest IT company for delays and cost over-runs in a software project.
TCS to CNBC-TV18: on California Matter
-Do not discuss pending legal matters as per policy
-Stand by company's quality of work, commitment to customer success
Other stocks and sectors that are in news today:
-Mobile call rates set to rise by 10 paise per minute (Around 15 percent increase): ET
-Holcim reported results below street expectation; cuts profit guidance
- Educomp : Anil Sharma, Company Secretary & Compliance officer of the company resigns
- Bosch proposed to suspend the manufacturing operations at Nashik Plant : 16-17 August, Jaipur Plant : 19th, 21st to 23rd August
Orchid Chemicals April-June quarter (YoY)
-Company extends its financial year again by 6 months to September 30, 2013. Earlier it was extended to June 30, 2013
-Revenues down 28 percent to Rs 257 crore versus Rs 357 crore
-EBITDA Rs 43 crore versus Rs 56 crore
-OPM at 17 percent versus 15.6 percent
-Net loss Rs 54.5 crore versus Rs 51 crore
-Interest costs up 33 percent Y-o-Y to Rs 95.3 crore versus Rs 71.3 crore
-Interest costs up 11 percent Q-o-Q to Rs 95 crore versus Rs 85.7 crore
-FY13 interest costs Rs 399.5 crore
nitesh kumar
pgdm 1st
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