Today's Stock News – 19.07.2019

Today's Stock News – 19.07.2019 
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* ACC: The board has approved the appointment of Rajani Kesari as chief financial officer of the company, effective Aug 1.

* APOLLO HOSPITALS ENTERPRISE: Promoters of the company have raised 10 bln rupees from Credit Suisse to meet near-term debt repayment obligations of the promoter group.

* BAJAJ FINANCE: Raised 15 bln rupees through the issuance of bonds maturing on Jun 7, 2022 at a coupon of 8.5383%.

* BRITANNIA INDUSTRIES: Immediate strategic priority is to expand the size of the cake category by reaching out to more consumers and widening distribution.

* CARE RATINGS: Grant Thornton has given its initial report on forensic audit of credit rating agencies--the company, ICRA, India Ratings and Brickwork--for their possible role in any wrong-doings while rating Infrastructure Leasing & Financial Services Group companies during 2008-2018.

* CITY UNION BANK: The bank will seek shareholders' approval at its annual general meeting on Aug 29 to raise up to 5 bln rupees through qualified institutional placement issue.

* CYIENT: The board has approved merger of its wholly-owned subsidiaries Cyient DLM and Cyient Insight with itself.

* DALMIA BHARAT SUGAR AND INDUSTRIES: Is looking to invest around 3-4 bln rupees for scaling up the production capacity, either by way of acquisition or organically.

* FUTURE CONSUMER: Subsidiary FCL Tradevest has invested 40 mln rupees in Delect Spices and Herbs Pvt Ltd through subscription of 4 mln shares aggregating to 99.75% stake.

* ICRA: The Enforcement Directorate has found that senior management at Infrastructure Leasing & Financial Services, including Ravi Parthasarathy, Arun Saha and Hari Sankaran, used to hold discussions with the company's analyst team to get "desired ratings".

* INTERGLOBE AVIATION: The Ministry of Corporate Affairs has asked the company to disclose some information following the allegation of corporate misgovernance by one of its promoters Rakesh Gangwal. Board of the company is set to meet today amid a bitter feud between promoters Rakesh Gangwal and Rahul Bhatia over control of the carrier.
-An independent review of IndiGo's related-party has found no major procedural lapses by the
company.

* ITC: The company's advertisements for 'B Natural' have again landed in legal trouble as DABUR 
INDIA and Pepsico India Holdings moved the Delhi High Court against two of the television commercials of the beverage.

* JET AIRWAYS INDIA: Interim resolution professional in charge of the company has received claims worth nearly 249 bln rupees from 16,643 financial, operational creditors, and employees, among others till Jul 4.
-Interim resolution professional has rejected claims of 2.29 bln rupees by Naresh Goyal's Jet Air Pvt
Ltd and 10.43 bln rupees from Etihad Airways.

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