Today Stock News – 12.09.2018
* ALEMBIC: Board has given in-principle approval to demerge some real estate operations of the company to promoter Shreno Ltd.
* AXIS BANK: The National Consumer Disputes Redressal Commission has asked the bank to pay over 5 mln rupees to a customer for failing to return certain documents submitted by him while availing a loan, even after he repaid the amount.
* BHARAT PETROLEUM CORP: Plans to set up a liquefied natural gas terminal on the east coast, a
source said, while adding that a decision on this issue is likely to be finalised by the end of the current
financial year.
* BIOCON: The company and Biocon Research have sold 0.5% stake or 141.49 mln shares in the
company's subsidiary Syngene International through the open market.
* CIPLA: The South African Health Products Regulatory Authority has approved the company's three-drug combination anti-retroviral treatment for human immunodeficiency virus.
* COAL INDIA: Has initiated talks with Barapukuria Coal Mining Company, Bangladesh's sole coal
producer, to help it explore coal mines as well as set up new projects.
* GENERAL INSURANCE CORP OF INDIA: Is in the final stages of getting approval to set up a whollyowned subsidiary in Russia, General Manager Deepak Godbole said, adding that it would be in a position to start operations in Russia by January.
* GITANJALI GEMS: Bankers are taking the company, promoted by fugitive diamantaire Mehul Choksi, to insolvency resolution under NCLT after exploring the possibilities of recovering their dues via the Debt Recovery Tribunal, multiple people in know of the development said.
* GODREJ AGROVET: The board will meet on Friday to consider and approve merger of subsidiary Astec LifeSciences with the company.
* HERO MOTOCORP: The company has announced signing up of Indian cricket captain Virat Kohli as its brand ambassador.
* HDFC STANDARD LIFE INSURANCE: Is likely to elevate its Executive Director and Chief Financial Officer Vibha Padalkar to the post of managing director and chief executive officer.
* HOUSING AND URBAN DEVELOPMENT CORP: The company's loan sanctions were at 40.95 bln rupees and loan releases were at 30.22 bln rupees as of Aug 31.
* ICICI BANK: Has not received any notice or communication from the Income Tax Department regarding the sale of the bank's building in Mumbai to Videocon Group.
* ICICI SECURITIES: Will launch commodity broking services on Oct 1, Managing Director and Chief Executive Officer Shilpa Kumar said.
* INTERGLOBE AVIATION: Has yet again grounded one more Airbus A320neo aircraft on Monday after detections of oil chips in one of the engines.
* JET AIRWAYS INDIA: Is in talks with Muscat-based Oman Air to wet-lease three of its widebody
aircraft, the A330s, and few of its narrowbody Boeing 737s.
* KALPATARU POWER TRANSMISSION: The board approved raising up to 1 bln rupees through the issuance of two zero-coupon debentures.
* MAHINDRA & MAHINDRA: A US regulator has said it would launch an investigation into an off-road utility vehicle produced by the company following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design.
* MARUTI SUZUKI INDIA: Wants to shift its Gurugram factory to another location in Haryana, because it finds the city just outside the national capital to be too congested to have a facility to manufacture cars.
* MCLEOD RUSSEL INDIA: A Goodricke Group company is in negotiations to acquire two plantations from the company.
* MONNET ISPAT & ENERGY: Shares of the company will be listed on BSE today after the Insolvency & Bankruptcy Code proceedings.
* NARAYANA HRUDAYALAYA: Step-down subsidiary NH Health Bangladesh has entered into
definitive agreements with Imperial Hospital to operate and manage their cardiac sciences department.
* NEW DELHI TELEVISION: The company's promoters Prannoy Roy and Radhika Roy have received a show cause notice from SEBI for alleged violation for insider trading regulations.
* NTPC: Board considered investment approval for 1320-MW stage-III expansion of Talcher Thermal Power Project on Saturday.
* PNB HOUSING FINANCE: Seven bidders have submitted nonbinding offers to acquire the company in a deal estimated at around $2.3 bln.
* PUNJAB NATIONAL BANK: An enforcement directorate investigation has found that Mehul Choksi diverted over 32.50-bln-rupee funds, allegedly defrauded from the bank's branch in Mumbai, to foreign shores and he was in business of "highly inflating" prices of precious metals sold from his outlets.
* RBL BANK: The bank said it has not received any notice or order regarding payment on account of
service tax and goods and services tax from tax authority.
* REDINGTON (INDIA): Board will meet on Monday to consider share buyback.
* SALZER ELECTRONICS: Promoters have increased their stake in the company by 2% to 36%.
* STATE BANK OF INDIA: Anshula Kant has taken charge as the managing director of the bank. State governments will likely reap a windfall gain of around 227 bln rupees this fiscal from the increase in the prices of petrol and diesel, a report by the bank's Economic Research Wing has claimed.
* SUN PHARMACEUTICAL INDUSTRIES: Said the US Food and Drug Administration was conducting an inspection at the company's facility in Mohali, Punjab. The inspection started on Monday.
* TATA MOTORS: Jaguar Land Rover Automotive plc, the UK-based subsidiary of the company, will raise 700 mln euros (approximately 59 bln rupees) by offering senior notes due in 2026.
* TATA POWER CO: Tata Power Solar Systems, a subsidiary of the company, has launched operations to install solar power units on rooftops of residential, commercial and industrial buildings in Mumbai.
* TECH MAHINDRA: Has begun an investigation against one of its senior leaders after a former employee accused on social media, the company's chief diversity and inclusivity officer of being insensitive and making discriminatory remarks towards people with a different sexual orientation.
* VEDANTA: The Income Tax Department has sold more of Cairn Energy's shares in the company to
recover a part of the 102.47 bln rupees retrospective tax demand, the British firm said. The signing of the first-ever contracts under the Open Acreage Licensing (OALP-I) has been unusually delayed. The contractsigning ceremony was scheduled for Sep 6.
* WIPRO: Will provide a series of implementation services and related software and data solutions to Duck Creek Technologies for its insurance customers across the globe.
* YES BANK: The capital raising committee of board of directors of the bank has approved raising up to 30 bln rupees through tier-II bonds with green shoe option of 10 bln rupees.
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* AXIS BANK: The National Consumer Disputes Redressal Commission has asked the bank to pay over 5 mln rupees to a customer for failing to return certain documents submitted by him while availing a loan, even after he repaid the amount.
* BHARAT PETROLEUM CORP: Plans to set up a liquefied natural gas terminal on the east coast, a
source said, while adding that a decision on this issue is likely to be finalised by the end of the current
financial year.
* BIOCON: The company and Biocon Research have sold 0.5% stake or 141.49 mln shares in the
company's subsidiary Syngene International through the open market.
* CIPLA: The South African Health Products Regulatory Authority has approved the company's three-drug combination anti-retroviral treatment for human immunodeficiency virus.
* COAL INDIA: Has initiated talks with Barapukuria Coal Mining Company, Bangladesh's sole coal
producer, to help it explore coal mines as well as set up new projects.
* GENERAL INSURANCE CORP OF INDIA: Is in the final stages of getting approval to set up a whollyowned subsidiary in Russia, General Manager Deepak Godbole said, adding that it would be in a position to start operations in Russia by January.
* GITANJALI GEMS: Bankers are taking the company, promoted by fugitive diamantaire Mehul Choksi, to insolvency resolution under NCLT after exploring the possibilities of recovering their dues via the Debt Recovery Tribunal, multiple people in know of the development said.
* GODREJ AGROVET: The board will meet on Friday to consider and approve merger of subsidiary Astec LifeSciences with the company.
* HERO MOTOCORP: The company has announced signing up of Indian cricket captain Virat Kohli as its brand ambassador.
* HDFC STANDARD LIFE INSURANCE: Is likely to elevate its Executive Director and Chief Financial Officer Vibha Padalkar to the post of managing director and chief executive officer.
* HOUSING AND URBAN DEVELOPMENT CORP: The company's loan sanctions were at 40.95 bln rupees and loan releases were at 30.22 bln rupees as of Aug 31.
* ICICI BANK: Has not received any notice or communication from the Income Tax Department regarding the sale of the bank's building in Mumbai to Videocon Group.
* ICICI SECURITIES: Will launch commodity broking services on Oct 1, Managing Director and Chief Executive Officer Shilpa Kumar said.
* INTERGLOBE AVIATION: Has yet again grounded one more Airbus A320neo aircraft on Monday after detections of oil chips in one of the engines.
* JET AIRWAYS INDIA: Is in talks with Muscat-based Oman Air to wet-lease three of its widebody
aircraft, the A330s, and few of its narrowbody Boeing 737s.
* KALPATARU POWER TRANSMISSION: The board approved raising up to 1 bln rupees through the issuance of two zero-coupon debentures.
* MAHINDRA & MAHINDRA: A US regulator has said it would launch an investigation into an off-road utility vehicle produced by the company following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design.
* MARUTI SUZUKI INDIA: Wants to shift its Gurugram factory to another location in Haryana, because it finds the city just outside the national capital to be too congested to have a facility to manufacture cars.
* MCLEOD RUSSEL INDIA: A Goodricke Group company is in negotiations to acquire two plantations from the company.
* MONNET ISPAT & ENERGY: Shares of the company will be listed on BSE today after the Insolvency & Bankruptcy Code proceedings.
* NARAYANA HRUDAYALAYA: Step-down subsidiary NH Health Bangladesh has entered into
definitive agreements with Imperial Hospital to operate and manage their cardiac sciences department.
* NEW DELHI TELEVISION: The company's promoters Prannoy Roy and Radhika Roy have received a show cause notice from SEBI for alleged violation for insider trading regulations.
* NTPC: Board considered investment approval for 1320-MW stage-III expansion of Talcher Thermal Power Project on Saturday.
* PNB HOUSING FINANCE: Seven bidders have submitted nonbinding offers to acquire the company in a deal estimated at around $2.3 bln.
* PUNJAB NATIONAL BANK: An enforcement directorate investigation has found that Mehul Choksi diverted over 32.50-bln-rupee funds, allegedly defrauded from the bank's branch in Mumbai, to foreign shores and he was in business of "highly inflating" prices of precious metals sold from his outlets.
* RBL BANK: The bank said it has not received any notice or order regarding payment on account of
service tax and goods and services tax from tax authority.
* REDINGTON (INDIA): Board will meet on Monday to consider share buyback.
* SALZER ELECTRONICS: Promoters have increased their stake in the company by 2% to 36%.
* STATE BANK OF INDIA: Anshula Kant has taken charge as the managing director of the bank. State governments will likely reap a windfall gain of around 227 bln rupees this fiscal from the increase in the prices of petrol and diesel, a report by the bank's Economic Research Wing has claimed.
* SUN PHARMACEUTICAL INDUSTRIES: Said the US Food and Drug Administration was conducting an inspection at the company's facility in Mohali, Punjab. The inspection started on Monday.
* TATA MOTORS: Jaguar Land Rover Automotive plc, the UK-based subsidiary of the company, will raise 700 mln euros (approximately 59 bln rupees) by offering senior notes due in 2026.
* TATA POWER CO: Tata Power Solar Systems, a subsidiary of the company, has launched operations to install solar power units on rooftops of residential, commercial and industrial buildings in Mumbai.
* TECH MAHINDRA: Has begun an investigation against one of its senior leaders after a former employee accused on social media, the company's chief diversity and inclusivity officer of being insensitive and making discriminatory remarks towards people with a different sexual orientation.
* VEDANTA: The Income Tax Department has sold more of Cairn Energy's shares in the company to
recover a part of the 102.47 bln rupees retrospective tax demand, the British firm said. The signing of the first-ever contracts under the Open Acreage Licensing (OALP-I) has been unusually delayed. The contractsigning ceremony was scheduled for Sep 6.
* WIPRO: Will provide a series of implementation services and related software and data solutions to Duck Creek Technologies for its insurance customers across the globe.
* YES BANK: The capital raising committee of board of directors of the bank has approved raising up to 30 bln rupees through tier-II bonds with green shoe option of 10 bln rupees.
