Steel stocks may decline on media reports that ArcelorMittal has scrapped plans to build a steel plant in eastern India due to delays in acquiring land. As per reports, ArcelorMittal signed an initial agreement in 2006 for the project to manufacture 12-million tonnes of steel a year in Orissa state, but it has faced widespread opposition from local farmers.
Heritage Foods (India)'s board has approved 1:1 bonus issue of equity shares.
TCS, Axis Bank, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, D B Corp, Essar Ports, Honeywell Automation India, IDBI Bank, Info Edge India, Ingersoll-Rand (India), MindTree, Rallis India and Supreme Industries, among others, will declare their April-June 2013 quarter results today, 18 July 2013.
Mahindra & Mahindra turns ex-dividend today, 18 July 2013, for total dividend of Rs 13 per share for the year ended 31 March 2013 (FY 2013).
IDFC turns ex-dividend today, 18 July 2013, for dividend of Rs 2.60 per share for the year ended 31 March 2013 (FY 2013).
Glenmark Pharmaceuticals turns ex-dividend today, 18 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).
GIC Housing Finance turns ex-dividend today, 18 July 2013, for dividend of Rs 5 per share for the year ended 31 March 2013 (FY 2013).
Gujarat State Fertilizers & Chemicals turns ex-dividend today, 18 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).
Kalpataru Power Transmission turns ex-dividend today, 18 July 2013, for dividend of Rs 1.50 per share for the year ended 31 March 2013 (FY 2013).
Arvind turns ex-dividend today, 18 July 2013, for dividend of Rs 1.65 per share for the year ended 31 March 2013 (FY 2013).
Apollo Tyres turns ex-dividend today, 18 July 2013, for final dividend of 50 paise per share for the year ended 31 March 2013 (FY 2013).
Graphite India turns ex-dividend today, 18 July 2013, for dividend of Rs 3.50 per share for the year ended 31 March 2013 (FY 2013).
Excel Crop Care turns ex-dividend today, 18 July 2013, for dividend of Rs 3 per share for the year ended 31 March 2013 (FY 2013).
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