Jet Airways (India) in focus ahead of likely FIPB meet

Jet Airways (India) will be in focus ahead of the likely Foreign Investment Promotion Board (FIPB) meet today, 14 June 2013 to decide on the Rs 2058 crore Jet-Etihad deal. Meanwhile, the board of Jet Airways (India) has approved appointing Gary Kenneth Toomey as the chief executive officer (CEO) of the company.

The UK-based subsidiary of Tata Motors, Jaguar Land Rover (JLR), reported 12% rise in sales to 32,477 units in May 2013 over May 2012. JLR sales rose 15% to 176,451 vehicles during the first five months of the year over the previous year. Jaguar sales rose 36% to 6,174 vehicles while Land Rover sales increased 8% to 26,303 vehicles in May 2013 over May 2012.

MMTC's offer for sale (OFS) was subscribed 154.60%. The OFS received total bids for 14.42 crore shares at an indicative price of Rs 60.86 per share. The government had put on block 9.33 crore equity shares, aggregating to 9.33% of the total paid up equity share capital of the company through offer for sale (OFS) route via the stock exchanges mechanism which concluded on Thursday, 13 June 2013. The government had fixed the floor price for the OFS at Rs 60 per share.

Software exporter Wipro has reportedly received tax notice of Rs 816.4 crore by tax department for the financial year ended 31 March 2009.

The Anglo-Dutch firm Unilever has reportedly received approval from the Securities and Exchange Board of India (Sebi) on Thursday, 13 June 2013 for its Rs 29202-crore share buyback programme. The offer, which will begin on 21 June 2013 and end on 4 July 2013, will see Unilever pay shareholders Rs 600 a share, taking up its stake from 52.48% to 75% in its Indian subsidiary, Hindustan Unilever.

Idea Cellular said that the merger of Idea Cellular Towers Infrastructure, a wholly-owned subsidiary of the company, with Indus Towers was effective from 11 June 2013. The merger was sanctioned by the Delhi High Court of Delhi vide its order dated 18 April 2013.

Syndicate Bank turns ex-dividend today, 14 June 2013, for dividend of Rs 6.70 per share for the year ended 31 March 2013.

IndusInd Bank turns ex-dividend today, 14 June 2013, for dividend of Rs 3 per share for the year ended 31 March 2013.

UCO Bank turns ex-dividend today, 14 June 2013, for dividend of Rs 1.60 per share for the year ended 31 March 2013.

Automobile Corporation of Goa turns ex-dividend today, 14 June 2013, for final dividend of Rs 10 per share for the year ended 31 March 2013.

Grindwell Norton turns ex-dividend today, 14 June 2013, for dividend of Rs 6.50 per share for the year ended 31 March 2013.

Tourism Finance Corporation of India said that Brickwork Rating India has upgraded its rating on the company's debt instruments to BWRAA (outlook stable), from BWR AA-(outlook stable).

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