Shares of state-run oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) announced a reduction in petrol price by 32 paise per litre and diesel by 85 paise a litre with effect from Saturday, 16 January 2016. Petrol in Delhi now costs Rs 59.03 per litre while diesel will cost Rs 44.18 a litre.
Meanwhile, the government has increased the basic excise duty on unbranded petrol to Rs 8.48 per litre from Rs 7.73 per litre and the same on unbranded diesel to Rs 9.83 per litre from Rs 7.83 a litre with effect from 16 January 2016.
Asian Paints, Kotak Mahindra Bank and Wipro are set to announce their Q3 December 2015 earnings today, 18 January 2016.
Among other result-based stocks, Delta Corp, Rallis India and TTK Prestige are set to announce their quarter ended December 2015 earnings today, 18 January 2016.
Maruti Suzuki India (MSIL) on Saturday, 16 January 2016 announced a price increase ranging from Rs 1000 to Rs 4000 across models ex-showroom Delhi. Price of the recently launched model Baleno has been increased in the range of Rs 5000 to Rs 12,000, MSIL said. This price increase is with effect from 16 January 2016.
State Bank of India (SBI) after market hours on Friday, 15 January 2016 announced that the committee of directors, authorized by the bank's board of directors, at its meeting held on 15 January 2016, inter-alia, authorized the bank to seek shareholders' approval and to write to the Government of India (GoI) and the Reserve Bank of India (RBI) seeking their approval for raising equity capital upto Rs 15000 crore till 31 March 2017 by various means.
Bank of India after market hours on Friday, 15 January 2016 announced that it has purchased the additional 49% stake in its subsidiary BOI Shareholding from BSE. Post this acquisition, BOI Shareholding has become a wholly owned subsidiary of Bank of India.
United Bank of India after market hours on Friday, 15 January 2016 announced that it is proposing to issue unsecured, subordinated, non-convertible, rated, redeemable, Basel III compliant debentures for inclusion in Tier II capital of face value of Rs 10 lakh each (bonds) aggregating Rs 200 crore plus green shoe option on private placement basis.
LIC Housing Finance's net profit rose 21.65% to Rs 418.90 crore on 15.38% growth in total income to Rs 3156.70 crore in Q3 December 2015 over Q3 December 2014. The result was announced on Saturday, 16 January 2016.
Oberoi Realty's consolidated net profit rose 164.23% to Rs 209.35 crore on 259.89% growth in revenue to Rs 790.33 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours on Friday, 15 January 2016.
Ashapura Intimates Fashion announced after market hours on Friday, 15 January 2016 that on the basis of recent developments including operational and financial performance of the company for FY 2015 and first half of the current financial year (provisional), CARE Ratings has reviewed and revised the company's rating for its long-term bank facilities of Rs 50 crore from BBB- (Triple B minus) to CARE BBB+ (Triple B plus) with effect from 13 January 2016.
Wockhardt after market hours on Friday, 15 January 2016 announced that the US Food and Drug Administration (FDA) has made nine observations after inspection of the company's manufacturing unit at Shendra in Aurangabad. Wockhardt said it would send appropriate reply to the inspecting authority in due course. The company added that the Shendra manufacturing unit is a new facility and presently there is no supply of products from this unit to US markets.
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