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Evening News Snapshot

* GSK Pharma Q4 profit falls 15.5% to Rs 117 cr; recommends Rs 50 dividend

* Gujarat Pipavav Q4 net profit doubles to Rs 77 cr; Stock surges 12%; Results better than Estimates

* ABB Q4 profit jumps 3.5-fold to Rs 58.6 cr, margin doubles; recommends dividend of Rs 3/share; Stock Surges 13%

* Jindal Steel’s board unanimously approved that the buy-back offer of equity shares of the Company be closed on Feb 18

* Gems & Jewellery sector deeply shocked with interim Budget Will look into lifting gold import curbs, says Chidambaram

* Interim Budget: FY15 fisc deficit target may be a challenge, says JPMorgan

* Canara Bank aims 2.5% gross NPA in FY14

* CIL unit Western Coalfields sees 10% output rise in 2014/15

* CARE as informed regarding the uUpdate on potential sale of shares of Company by IDBI and four other shareholders

* ALSTOM India surges 3% on bagging project from NTPC

* Extending 3G presence, can launch 4G post auction: Idea

* Sugar output dips 13% so far; cane arrears cross Rs 12k cr

* Kolte-Patil surges on signing 2 projects in Mumbai

* BSE to shift 25 stocks, NSE 1 scrip, to ‘T’ group

* Banks’ loan growth weak, NII slump to continue: Kotak

* Force Motors spurts 15% as promoters raise stake in co

* ONGC has clarified with reference to the news item appearing in the newspaper titled, ONGC, Oil to buy 10% IOC stake.

* ONGC Videsh, Oil India signs production sharing contract

* Kajaria Ceramics has approved the allotment of 3,885,420 warrants, convertible into equity shares at an exercise price of Rs. 257 to M/s.WestBridge Crossover Fund, LLC on a preferential allotment basis.

* Tejpal fails to get relief from court on bail plea

* Below normal temperatures keep North India cool and pleasant; chances of rain in south

* AAP is anti-dishonest business, not anti-business: Sanyal

* 1,389 defaulters have not paid Rs 136 cr as penalty: Sebi

* Global gold demand declines by 15% to 3,756 tonnes in 2013 – World Gold Council report.

* China overtakes India in gold demand in 2013: WGC

* India’s gold demand up 13% at 975 tonnes in 2013: WGC

* Hindustan Zinc falls 3%, divestment deferred till FY15

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