Today Stock News – 26.07.2018
* 8K MILES SOFTWARE SERVICES: Plans to acquire a US-based healthcare player in the cloud space and is likely to close the deal over the next few months, Chairman and Managing Director Suresh Venkatachari said.
* ACC: Will file an appeal in the Supreme Court, challenging the Competition Commission of India's 11.5-blnrupee penalty on the company.
* BRIGHT SOLAR: Has signed a memorandum of understanding with VC Projects and Infra for providing solar power-based water pumping system for lift irrigation in Rajasthan.
* CAPITAL INDIA FINANCE: The board has approved raising up to 3 bln rupees through rights issue.
* CENTURY PLYBOARDS INDIA: Higher sales of the medium density fiberboards and robust operating margins aided the company to report a 13.5% on-year rise in the topline to 5.4 bln rupees in Apr-Jun.
* DR REDDY'S LABORATORIES: AstraZeneca has filed a lawsuit in the Delhi High Court against the company for infringement of three patents on Ticagrelor, the generic version of Brilinta.
* GODREJ CONSUMER PRODUCTS: The board will meet on Tuesday to consider a proposal for issue of bonus shares.
* GLAXOSMITHKLINE PHARMACEUTICALS: Aims to turbo-charge the British group's drug discovery engine with a $300 mln bet on genetics by buying a stake in the Silicon Valley gene testing company 23andMe.
* HDFC BANK: The bank may announce plans to raise equity, through a blend of a qualified institutional placement and American Depository Receipts, within the next few days.
* HERO MOTOCORP: The board has approved an investment of 1.3 bln rupees in Ather Energy through compulsorily convertible debentures. Will hike prices of its two-wheelers in Sep-Oct to offset high costs of raw materials.
* HINDUSTAN COPPER: The board would meet today to review the status of qualified institutional placement for raising 14 bln.
* ICICI BANK: The US markets regulator Securities and Exchange Commission has intensified its
investigation into alleged wrongdoings at the bank.
* INDIAN OIL CORP: Has chosen Honeywell UOP's pressure swing adsorption technology to supply highquality hydrogen at five of its refineries.
* INFOSYS: Myanmar-based Ayeyaraddy Farmers Development Bank will implement the company's Finacle solution suite.
* INTELLECT DESIGN ARENA: The board of the company has approved raising up to 1 bln rupees
* IRB INFRASTRUCTURE DEVELOPERS: The board has approved raising 15 bln rupees through issue of securities.
* JSW STEEL: Arm JSW Steel Italy has completed the acquisition of entire stake in Aferpi, Piombino Logistics and 69.27% stake in GSI Lucchini.
-India is starting to see diversion of surplus steel from various countries following the imposition of tariffs by the US and the European Union, the company said.
-The board has approved raising up to 100 bln rupees as long-term funds via non-convertible debentures.)
* KDDL: Subsidiary Ethos has raised around 120 mln rupees through issuance of 821,817 partly paid-up shares on preferential basis at a premium of 282 rupees each to a non-promoter group.
* LARSEN & TOUBRO: Has bifurcated its heavy engineering business into two different verticals of heavy engineering and defence engineering.
* NTPC: The board will meet on Saturday to mull issuance of 120-bln-rupee non- convertible debentures.
* PFIZER: Will stop manufacturing hormone Oxytocin following the health ministrys order that banned private companies from manufacturing it in India.
* POWER FINANCE CORP: Has forayed into sewage treatment finance segment by extending 1.93 bln rupees assistance to Nagpur Waste Water Management, a Vishvaraj Group firm.
* RELIANCE CAPITAL: Has raised 1.5 bln rupees through non-convertible debentures maturing in 457 days.
* RELIGARE ENTERPRISES: The company's issue of warrants to two non-resident investors on preferential basis has not been approved by the government due to ongoing investigation.
* STATE BANK OF INDIA: OYO has inked memorandum of understanding with the bank and BANK OF BARODA for extending its support to budget hotels and creating jobs across levels.
* SUZLON ENERGY: Aims to reduce 30-40% of the 60 bln rupees total debt by the end of this financial year.
* TECH MAHINDRA: Company's Kerala operations, with a 200-seater software development facility in Technopark in Thiruvananthapuram, is slated to go live by October.
* UFLEX: Has deferred raising funds through cumulative convertible preference shares and the proposed issue may be treated as cancelled.
* ULTRATECH CEMENT: The company is awaiting a detailed order by the National Company Law Appellate Tribunal disallowing the company's challenge to Competition Commission of India's 1.2-bln-rupee penalty.
* UNITED BANK OF INDIA: The board has approved a employee share purchase scheme, to be open from Jul 30 to Aug 13.
* VEDANTA: Vedanta Resources will raise up to $1.1 bln from three or four foreign banks that could include Standard Chartered Bank and Credit Suisse.
* WIPRO: Chief Executive Officer Abidali Neemuchwala says his strategy to bring about a turnaround is working well, although the company is still not out of the woods.
* ZUARI AGRO CHEMICALS: Has chalked out plans to work more closely with farmers by opening more agri-input service centres.
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* ACC: Will file an appeal in the Supreme Court, challenging the Competition Commission of India's 11.5-blnrupee penalty on the company.
* BRIGHT SOLAR: Has signed a memorandum of understanding with VC Projects and Infra for providing solar power-based water pumping system for lift irrigation in Rajasthan.
* CAPITAL INDIA FINANCE: The board has approved raising up to 3 bln rupees through rights issue.
* CENTURY PLYBOARDS INDIA: Higher sales of the medium density fiberboards and robust operating margins aided the company to report a 13.5% on-year rise in the topline to 5.4 bln rupees in Apr-Jun.
* DR REDDY'S LABORATORIES: AstraZeneca has filed a lawsuit in the Delhi High Court against the company for infringement of three patents on Ticagrelor, the generic version of Brilinta.
* GODREJ CONSUMER PRODUCTS: The board will meet on Tuesday to consider a proposal for issue of bonus shares.
* GLAXOSMITHKLINE PHARMACEUTICALS: Aims to turbo-charge the British group's drug discovery engine with a $300 mln bet on genetics by buying a stake in the Silicon Valley gene testing company 23andMe.
* HDFC BANK: The bank may announce plans to raise equity, through a blend of a qualified institutional placement and American Depository Receipts, within the next few days.
* HERO MOTOCORP: The board has approved an investment of 1.3 bln rupees in Ather Energy through compulsorily convertible debentures. Will hike prices of its two-wheelers in Sep-Oct to offset high costs of raw materials.
* HINDUSTAN COPPER: The board would meet today to review the status of qualified institutional placement for raising 14 bln.
* ICICI BANK: The US markets regulator Securities and Exchange Commission has intensified its
investigation into alleged wrongdoings at the bank.
* INDIAN OIL CORP: Has chosen Honeywell UOP's pressure swing adsorption technology to supply highquality hydrogen at five of its refineries.
* INFOSYS: Myanmar-based Ayeyaraddy Farmers Development Bank will implement the company's Finacle solution suite.
* INTELLECT DESIGN ARENA: The board of the company has approved raising up to 1 bln rupees
* IRB INFRASTRUCTURE DEVELOPERS: The board has approved raising 15 bln rupees through issue of securities.
* JSW STEEL: Arm JSW Steel Italy has completed the acquisition of entire stake in Aferpi, Piombino Logistics and 69.27% stake in GSI Lucchini.
-India is starting to see diversion of surplus steel from various countries following the imposition of tariffs by the US and the European Union, the company said.
-The board has approved raising up to 100 bln rupees as long-term funds via non-convertible debentures.)
* KDDL: Subsidiary Ethos has raised around 120 mln rupees through issuance of 821,817 partly paid-up shares on preferential basis at a premium of 282 rupees each to a non-promoter group.
* LARSEN & TOUBRO: Has bifurcated its heavy engineering business into two different verticals of heavy engineering and defence engineering.
* NTPC: The board will meet on Saturday to mull issuance of 120-bln-rupee non- convertible debentures.
* PFIZER: Will stop manufacturing hormone Oxytocin following the health ministrys order that banned private companies from manufacturing it in India.
* POWER FINANCE CORP: Has forayed into sewage treatment finance segment by extending 1.93 bln rupees assistance to Nagpur Waste Water Management, a Vishvaraj Group firm.
* RELIANCE CAPITAL: Has raised 1.5 bln rupees through non-convertible debentures maturing in 457 days.
* RELIGARE ENTERPRISES: The company's issue of warrants to two non-resident investors on preferential basis has not been approved by the government due to ongoing investigation.
* STATE BANK OF INDIA: OYO has inked memorandum of understanding with the bank and BANK OF BARODA for extending its support to budget hotels and creating jobs across levels.
* SUZLON ENERGY: Aims to reduce 30-40% of the 60 bln rupees total debt by the end of this financial year.
* TECH MAHINDRA: Company's Kerala operations, with a 200-seater software development facility in Technopark in Thiruvananthapuram, is slated to go live by October.
* UFLEX: Has deferred raising funds through cumulative convertible preference shares and the proposed issue may be treated as cancelled.
* ULTRATECH CEMENT: The company is awaiting a detailed order by the National Company Law Appellate Tribunal disallowing the company's challenge to Competition Commission of India's 1.2-bln-rupee penalty.
* UNITED BANK OF INDIA: The board has approved a employee share purchase scheme, to be open from Jul 30 to Aug 13.
* VEDANTA: Vedanta Resources will raise up to $1.1 bln from three or four foreign banks that could include Standard Chartered Bank and Credit Suisse.
* WIPRO: Chief Executive Officer Abidali Neemuchwala says his strategy to bring about a turnaround is working well, although the company is still not out of the woods.
* ZUARI AGRO CHEMICALS: Has chalked out plans to work more closely with farmers by opening more agri-input service centres.
