EPIC UPDATE: STOCKS IN NEWS

[epicresearch]

Results Today Castrol, Exide, South Indian Bank, Tata Coffee, Reliance Industrial Infrastructure, Supreme Infra, Maharashtra Scooters
iGate Q2 QoQ
-Net profit at USD 12.7 million versus USD 24.1 million
-Net revenue at USD 268 million versus USD 263.3 million
-Gross margin at 37.4% versus 40.2%
iGate CEO Phaneesh Murthy says
-See demand stability, upward movement in pricing in North America
-Europe business has been stagnant
-Pricing environment is relatively stable
-One time Visa cost had a 2% impact on margins
-Expect to get back to 40% margins shortly
M&M & Ssangyong working on 2-3 new SUVs: Sources
-Proposed SUVs under works at M&M’s New Research Valley, Chennai
-Proposed new SUVs will be aimed at emerging markets
-Proposed new SUVs to hit China, Russia Markets as well
-M&M developing joint platforms with Ssangyong
-New SUVs likely to be unveiled by 2014
-M&M investing nearly Rs.300cr on light-weighting programme
Tata Motors conducts product review of passenger vehicles: Sources
-Accenture conducting review of Tata Motors passenger car biz
-Accenture to advise company ways to increase market share
-Product strategy review ongoing exercise in any organisation

Kingfisher Airlines (KFA) statement
-Some flights cancelled today as staff stay away from duty
-Section of staff absent due to non-payment of salaries
-More than 75% employees have received wages due on July 13
-Remaining staff to receive salaries by July 16
Stocks ex-dividend
-Tata Steel: Rs 12/share
-Aegis Logistics: Rs 2/share
-AGC Networks: Rs 15/share
-Century Textile: Rs 5.5/share
-Jayshree Tea: Rs 3/share
-Philips Carbon: Rs 4/share
-Ponni Sugar Erode: Rs 2.5 /share
-Tata Communication: Rs 2/share
Other stocks and sectors that are in news today:
- Castrol ’s board to meet today to consider results, bonus, dividend
- Nalco in talks to buy Indonesia’s Ashan Aluminium for Rs 8000 crore: Reports
- Nitco Tiles heads for CDR: BS
- Coal India threatens to cut supplies to UltraTech ’s 4 cement plants: DNA
-Coal India signs MoU to buy a 50% stake in IOC’s explosives business: ET
- Power Grid is in JV talks with SAIL and NALCO to manufacture transmission equipment: PTI
- Northgate Tech board meet today to consider scheme amalgamation of Northgate Com Tech & Green fire Agri Commodities with itself
- Aurobindo Pharma mulling to challenge AP Govt’ closure order of co’s AP unit: PTI
- Kingfisher Airlines cancels 40 % of its flight as pilots struck work to protest non- payment of wages: Reports
-Airline promises to pay pilots Feb salary today: TOI
- LIC Housing Finance plans to raise Rs 1,100 crore via QIP
-SGX to launch Nifty Options from today (i.e. Monday): DNA