NSE WEEKLY NEWS UPDATE

✍ SpiceJet shares soar 17% on CCI nod for capital infusion plan
Shares of SpiceJet surged more than 17 per cent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier. Under the revival plan, Singh would infuse Rs 1,500 crore into the carrier after acquiring over 58 per cent stake from outgoing promoters, Marans. The scrip, listed on the BSE, jumped 17.79 per cent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50.

✍ Munjals to sell 3.5% in Hero MotoCorp
The promoters of Hero MotoCorp, India's largest twowheeler company, are set to raise about Rs 2,000 crore by selling 7 million equity shares, or 3.5% stake, in the flagship entity of their estimated $5 billion (about Rs 31,000 crore) Hero Group in a block deal on Wednesday, a move aimed at raising money for investments in defence and infrastructure. Two people familiar with the matter told ET that as per the term sheet of the offer, the Delhi-based Munjal family offered shares in an indicative price band of Rs 2,664 to Rs 2,720 a piece for the deal that was reportedly been arranged by Kotak Mahindra Capital.

✍ Sebi slaps Rs 18 lakh fine on 8 companies
Market regulator Sebi has slapped a total fine of Rs 18 lakh on eight companies for failing to obtain registration with its online complaint system as well as not resolving pending investor grievances within the required timeline.The Securities and Exchange Board of India (Sebi) through separate orders imposed penalty of Rs 4 lakh each on Asian Alloys and Mideast (India) Ltd and Rs 3 lakh fine each on Western Foods and B P Alloys.It imposed a fine of Rs 1 lakh each on four companies -- Nijjer Agro Foods, Harpartap Steels, Arihant Threads and R S Petro Chemicals.

✍ Suzlon jumps 20% as Shanghvi checks in
Suzlon shares jumped as much as 20%, adding Rs 1,300 crore to its market capitalization on Monday, after pharma baron Dilip Shanghvi bought a 23% stake in the Tulsi Tanti-promoted firm for Rs 1,800 crore, triggering an open offer. India's second richest man after Mukesh Ambani agreed to pay Rs 1,800 crore through Dilip Shanghvi Family and Associates (DSA) for 100 crore new shares in Suzlon, issued by way of a preferential allotment. Besides, Shanghvi and family also announced an open offer to acquire 26% stake in Suzlon at Rs 18 per share — aggregating to Rs 2,837 crore — to become a co-promoter.

✍ YES Bank floats first green infra bond for Rs 500cr
YES Bank has succeeded in floating the country's maiden green infrastructure bond issue for Rs 500 crore, against which it has received commitments of over Rs 450 crore at sub-9% interest rates. The proceeds of the bonds, which are for a tenor of 10 years, will be invested in renewable energy projects such as solar power, wind power, biomass and small hydel projects. KPMG in India will be providing the assurance services annually on the use of proceeds in line with the green bond principles.

✍ Infosys buys US company Panaya for $200m
Infosys is acquiring US-based automation technology company Panaya for $200 million (over Rs 1,200 crore). The Bengaluru-based IT company said the valuation is six times the multiple of Panaya's revenues. This is the IT major's second-largest acquisition ever. The largest was that of Zurich-based consulting firm Lodestone that it bought for $345 million in 2012.

✍ ONGC Q3 profit halves to Rs 3,571 crore on fuel subsidy payments
State-owned Oil and Natural Gas Corp (ONGC) on Saturday reported halving of its net profit in the December quarter after being forced to pay fuel subsidises despite plummeting oil prices. Net profit at Rs 3,571.20 crore, or Rs 4.17 per share, in October-December quarter was half of Rs 7,125.97 crore net profit, or Rs 8.33 a share, in the same period of the previous fiscal, the company said in a statement here. ONGC shelled out Rs 9,458 crore in fuel subsidy during the quarter when its average crude oil price realisation fell to $76 per barrel from $108.19 in October-December 2013.

✍ IOC posts Rs 2,637cr loss in Oct-Dec
Flagship refiner-marketer IndianOil Corporation on Friday reported a net loss of Rs 2,637 crore in the October-December quarter as it lost heavily on crude inventory due to continuously falling global oil prices."We had an inventory loss of Rs 12,842 crore during the quarter as compared to an inventory gain of Rs 2,454 crore in the same period of last fiscal," company chairman B Ashok said. The company had reported a net loss of Rs 961 crore a year ago.

✍ ITC acquires Shower To Shower, Savlon brands from J&J in India
FMCG-to-tobacco-to-hotels giant ITC is back on acquisition path. The over Rs 40,000-crore conglomerate has acquired from Johnson & Johnson (J&J) its India business of Savlon and Shower to Shower, two of the major brands globally for the consumer and healthcare multinational.While the companies did not disclose the financial details of the deal, industry experts peg the valuation of the two brands at around Rs 250-300 crore.

✍ Marginal fall in Reliance Power's Q3 profit at Rs 254.44 crore
Reliance Power on Saturday reported a 4.8 per cent fall in net profit at Rs 254.44 crore for the third quarter ended December 31, 2014. The company had posted a net profit of Rs 267.22 crore in the corresponding period of the last financial year, Reliance Power said in a statement. Total income rose to Rs 1,827 crore for the period under review from Rs 1,484 crore in the same period last fiscal

✍ HDFC Bank Q3 net profit jumps 20% at Rs 2,794.51 crore
Private lender HDFC Bank on Saturday reported 20 per cent jump in net profit at Rs 2,794.51 crore for the third quarter ended December 2014 on account of higher interest income. The bank had reported a net profit of Rs 2,325.70 crore during the same period of last financial year, HDFC Bank said in a filing to stock exchanges. Total income of the bank rose to Rs 14,930.74 crore during the October-December period of FY15 from Rs 12,738.95 crore in the corresponding quarter of last financial year. Net non performing assets (NPAs) stood at 0.26 per cent as compared to 0.3 per cent a year ago, while gross NPAs were at 0.99 per cent as against 1.01 per cent a year ago. Earlier this week, promoters of HDFC Bank had diluted 0.7 per cent stake while raising about Rs 10,000 crore by selling American Depository Receipts (ADRs) and India-listed shares to qualified institutional investors in the largest follow-on offer by a private sector firm.

✍ Jindal Steel shares up 28.6% on NSE
Jindal Steel and Power shares registered 28.6 per cent rise (Rs. 44.45) accompanied by huge volumes to end at Rs.199.80 on the NSE on Thursday as it won Gare Palma IV/2 &3 mines at Rs.108 per tonne in the ongoing coal e-auction. On the BSE the shares registered a rise of 25.6 per cent to close at Rs. 195.30.The company submitted three bids for the coal mines block and has won at the lowest quote compared to Rs. 712 per tonne and Rs.1,110 per tonne for the power sector.The current mining capacity of Gare Palma IV/2 & 3 is six million tonne. Other Bidders for Gare Palma IV/2 & 3 were Adani and GMR. Meanwhile, Hindalco Industries of Aditya Birla Group, has won Gare Palma IV/5 for Rs. 3,502 per tonne, which is the highest for the unregulated sector so far and Essar Power has won the Tokisud North coal block, which was meant for the power sector as a highest price again Rs. 1,110 per tonne. The government has put 19 mines on block in the first tranche and the last day for the auction of mines in first tranche is February 22.

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