Shares of public sector oil marketing companies (PSU OMCs) will be in focus after PSU OMCs announced hike in price of petrol by Rs 1.63 a litre on the back of rising crude oil rates and the falling rupee. Actual increase will be higher and will vary from city to city depending on local taxes. The new price was effective from midnight Friday, 13 September 2013.
Shares of two-wheeler makers and small-car maker Maruti Suzuki will be in focus after increase in petrol price.
Sun Pharmaceutical Industries announced that the US Food and Drug Administration (US FDA) has granted its subsidiary final approval for its Abbreviated New Drug Applications (ANDA) for generic version of Prevacid, Lansoprazole delayed-release capsules USP, 15 milligram (mg) and 30 mg. Lansoprazole delayed-release capsules USP, 15 mg and 30 mg are therapeutic equivalents of Takeda's Prevacid Delayed-released capsules. These capsules have annual sales of approximately $430 million in the US. Lansoprazole delayed-release capsules USP are indicated for short-term treatment (for 4 weeks) for healing and symptom relief of active duodenal ulcer, the company said in a statement.
Power Grid Corporation of India (PGCIL) after market hours on Friday, 13 September 2013, said that the Ministry of Power vide an order dated 13 September 2013 conveyed that it has sought the approval of Cabinet Committee on Economic Affairs (CCEA) for the follow on public offer (FPO) of PGCIL of 78.70 crore equity shares of Rs 10 each consisting 17% of existing paid up capital as per Sebi guidelines, which comprises of fresh issue of 60.18 crore equity shares (13% of existing paid up capital) and disinvestment of 18.51 crore equity shares (4% of existing paid up capital) by the Government of India (GoI).
Ministry of Power also conveyed that PGCIL may proceed further with regard to appointment of Merchant Bankers and other key intermediaries involved in a public issue. As on 30 June 2013, the GoI held 69.42% stake in PGCIL.
Bosch after market hours on Friday, 13 September 2013 said that with a view to adjust production to meet the demand for products and to avoid unnecessary build-up of inventory, it is proposed to suspend the manufacturing operations at company's Nashik Plant for a period of three days from Monday, 16 September 2013, to Wednesday, 19 September 2013.
HDFC Bank on Saturday, 14 September 2013, said that it has completed the acquisition of additional 42.75 lakh equity shares of its subsidiary HDFC Securities (HSL) from an existing shareholder. With this acquisition the total shareholding of HDFC Bank in HSL has increased from 62.06% to 89.88% of the paid-up capital of HSL.
United Spirits turns ex-dividend today, 16 September 2013, for dividend of Rs 2.50 per share for the year ended 31 March 2013.
Bhushan Steel turns ex-dividend today, 16 September 2013, for dividend of 50 paise per share for the year ended 31 March 2013.
Ess Dee Aluminium turns ex-dividend today, 16 September 2013, for dividend of Rs 2 per share for the year ended 31 March 2013.
Financial Technologies (India) turns ex-dividend today, 16 September 2013, for final dividend of Rs 2 per share for the year ended 31 March 2013.
Gujarat Mineral Development Corporation turns ex-dividend today, 16 September 2013, for dividend of Rs 3 per share for the year ended 31 March 2013.
Puravankara Projects turns ex-dividend today, 16 September 2013, for final dividend of Re 1 per share for the year ended 31 March 2013.
Sagar Cements turns ex-dividend today, 16 September 2013, for dividend of Re 1 per share for the year ended 31 March 2013.
Powered by Capital Market - Live News
