Stocks in the news Today 17th October

GTL Infra | Godawari Power | M&M Financial | V2 Retail | DCB Bank | Hatsun Agro | Bajaj Finserv and Persistent Systems are stocks, which are in news today.

Already Bearing Some Extra, Advance Burden Of Tax Devolution
GST Rollout Has Adversely Affected Receipts To Centre, Customs
Quantum Of Devolution To States Should Have Changed This Fiscal
Actual Receipts Till Aug FY18 Do Not Commensurate With Budget Estimates
2.40 Lk Cr Taxes Devolved To States Till Aug '17, Vs Est Of 2.12 Lk Cr
Devolution Of Taxes To States Has To Be Aligned With Tax Receipts Date
Devolution Of Taxes To States Cannot Precede Tax Realisation Date
Tax Realisation Date For GST Shifted To 20th Of Every Month From 5th, 6th
Corporation Tax, I-T Received On 15th Of Last Month Of Every Quarter
Centre Has Borrowed Twice In Current FY To Devolve Taxes To States In Adv
Financially Not Viable For Centre To Do Tax Devolution On 1st Of Every Mth
Devolution To States To Continue On 15th Of Each Month In Current FY

Schedule For Tax Devolution FY19 Already Conveyed To States On Aug 16

Devolution To States Fm Direct Taxes 15th Of Last Month Of Every Quarter
Customs, Excise Duty Devolution To States 15th Of Every Month FY19

CGST Devolution To States 20th Of Every Month FY19 

Gujarat CM announces zero percent interest loans for farmers

From NewsRise:

Fin Min Says First Investment Pact Signed B/w NIIF, Abu Dhabi Investment Authority Unit

Abu Dhabi Investment Authority Group To Invest $1 Bn In NIIF’s Master Fund

6 Domestic Intl Investors To Also Invest In NIIF’s Master Fund

From Reuters: Govt Source Says
Govt Mulls Selling Air India In Parts

Govt Prefers Domestic Buyer For Air India

Mahindra & Mahindra Financial Services enters into share purchase deal, shareholders deal, ancillary deal with Inclusion Resources, Mahindra

Insurance Brokers - Reuters

Godawari Power & Ispat gets additional 28,700 metric tonnes of long-term coal linkage in auction- Reuters

Hasmukh Adhia-Revenue Secy | #AskAdhia
Haven't Been Able To Make Sense Out Of GST Rev Yet As It Includes IGST Rev
Most Of The Revenue That Has Come In So Far Is In The Form Of IGST
Will Have To Wait For 3-4 Months For A Clearer Picture On GST Revenues
Will Have A Clearer Sense Of GST Rev Once IGST Is Converted Into CGST, SGST
GST Compliance Is Still Low
In The Last 40-45 Days GSTN Issues Have Come Down
No Question Of A Waiver On Penalty For Late Filing Of GST Returns
Compliance Will Fall Further If Penalty For Late Filing Of Returns Is Dropped
Any Course Correction Will Be Done Only After Survey Report Comes In
For August, Saw 48 Lakh Filings Under GSTR-3B
For September, Have Seen 10 Lakh Returns Being Filed As Of This Morning
For July, Saw 46 Lakh Filings Under GSTR-1
Group Of Ministers Still Looking At Issues Related To Composition Scheme
Unlike Other Nations Where GST Is A Unitary Tax, India’s GST Is Levied By Dual Entities
Have Not Seen Any Major Impediments w.r.t GST In Last Few Weeks
We Are Working On Improving Ease Of Doing Business
Will Study All Aspects, Suggestions That Could Improve Ease Of Doing Biz
Doing Away With Reverse Charge, e-Way Bill Will Return Us To The Old System Of Taxation
Need To Rationalise List Of Items In 28% Bracket, Will Be Done Over Time
Fitment Committee Will Periodically Check If Rate Revisions Required, Warranted
May Have To Rationalise GST Rates In 28% Slab In Stages If Rev Loss Is Much
GoM Working On Various Options w.r.t To GST Rates For Restaurants, Hotels
GoM Still Studying All Options w.r.t GST Rates For Restaurants & Hotels
Refunds For Exporters For July-August Should Start Soon
Will Look At Any Discrepancy On GST On Freight Paid By Exporters
Drawback Has Been Replaced By Seamless Flow Of Input Tax Credit
Notification Of ‘Deemed Export’ Status For Supplies To Exporters Will Be Sent Soon
Must Have Informed Debate On Bringing Realty, Petroleum Pdts Under GST
GST A Learning Exercise For All Stakeholders
Will Look At All Suggestions To Improve Experience
No Change U/GST On ATF Rates; Eco Class Ticket Tax Rate Dropped To 5% Fm 6%
Will Take Up Issues Regarding Bringing Real Estate, Petro Products Under GST
Several Issues Connected With GST Regarding Real Estate
Will Look Into States Maintaining Tax Rates Higher Than 5-6% On LNG

GST Council Has Decided To Keep The Tax Rate At 5%-6% For LNG

Parth Jindal To CNBC-TV18
Looking To Expand Capacity To 20 mt From 12.5 mt
Capacity Addition Will Be Organic
Capex Will Be `1,600 Cr For 7.5 mt Expansion
Debt In JSW Cement Books Currently At `2100 Cr
EBITDA/Tonne Of JSW Cement At `800/Tonne
Will Look At Listing Post 2019 General Elections
Not Looking At Reverse Merger Into Shiva Cement
Will List JSW Cement First Then Can Plan On Whether To Merge The 2 Listed Entities

Was Buying Shares In Open Mkt As Promoter Wanted Holding To Cross 50%

CNBC-TV18 Exclusive: Sources Say
5 Bidders Submit Non-binding Bids To Buy Assets Of JP Power Ventures
JSW Energy, Resurgent Power, India Power Corp Bid For JP Power Ventures
Edelweiss ARC, Brookfield Bid For JP Power Ventures
Lenders Expect `10,000 Cr For 3 Assets Of JP Power Ventures
CNBC-TV18 Alert: JSW Energy Bidding In Partnership With Piramal & Bain
CNBC-TV18 Alert: Resurgent Power Is A JV Between Tata Power & ICICI Ventures
Bara Power Asset Not Part Of The Sale Process

CNBC-TV18 Alert: None Of The Parties Replied To CNBC-TV18's Queries

Voltas
Pradeep Bakshi appointed MD & CEO with effect from Oct 16

Anil George appointed Deputy MD with effect from Oct 16

Other stocks and sectors in the news
V2 Retail approves appointment of Manshu Tandon as CEO
Hatsun Agro Product invests Rs 60 crore to expand its cattle feed production plant in Tamil Nadu
GTL Infra to refinance Rs 4,800 crore debt In three months - Hindu Business Line

Air India seeks $555mn bridge loan for buying 3 Boeing planes - Business Standard

DCB Bank Q2
Gross NPA At 1.80 percent Vs 1.74 percent (QoQ)
Net NPA At 0.90 percent Vs 0.92 percent (QoQ)
Gross NPA at Rs 315.8 cr Vs Rs 285.3 cr (QoQ)

Net NPA at Rs 157 cr Vs Rs 149.1 cr (QoQ)

DCB Bank Says
Income tax refunds of Rs 7.2 crore aided NII in Q2

Q2 loan growth at 20.5 percent, lowest in 6 quarters

Hatsun Agro Q2FY18 YoY
Revenue up 6 percent at Rs 1066 cr vs Rs 1001 cr
EBITDA up 16 percent at Rs 105.6cr
Margins 9.9 percent vs 9 percent

PAT up 19 percent at Rs 38 cr

Onward Tech Q2FY18 QoQ
Revenue up 11 percent at RS 63 cr vs Rs 57 cr
EBITDA at RS 4.4 cr vs Rs 1.8 cr
Margins at 6.9 percent vs 3.2 percent

PAT at Rs 3 cr vs RS 0.5 cr

Sasken Tech Q2FY18 QoQ
Revenue up 6 percent at RS 124 cr vs Rs 117 cr
EBITDA flat at RS 20.9 cr
Margins 16.7 percent vs 17.9 percent

PAT up 9 percent at Rs 18.7 cr

Hindustan Media Ventures Q2FY18 YoY
Revenue down 8 percent at Rs 210 cr
EBITDA down 10 percent at Rs 45.3 cr
Margins 21.5 percent vs 22 percent
PAT down 20 percent at Rs 43 crore

Margins take a hit as revenues fall

Persistent Systems Q2
Net Profit Up 10 percent At Rs 82.6 Cr Vs Rs 75.1 Cr (QoQ)
Revenue Up 4.6 percent At Rs 761.2 Cr Vs Rs 728 Cr (QoQ)
EBITDA Up 11 percent At Rs 115.7 Cr Vs Rs 104.3 Cr (QoQ)
EBITDA Margin At 15.2 percent Vs 14.3 percent (QoQ)

USD Revenue At $118.1 m Vs $113 m (QoQ)

Bajaj Finserv Q2
Cons Net Profit Up 13.3 percent At Rs 652.30 Cr Vs Rs 575.75 Cr (YoY)
Cons Total Income Up 27.7 percent At Rs 7561 Cr Vs Rs 5919.9 Cr (YoY)
Finance Costs At Rs 1112.03 Cr Vs Rs 942.49 Cr (YoY)Tax Expense At Rs 462.02 Cr Vs Rs 369.20 Cr (YoY)