Daily Stock News Today – 01.08.2017
* 63 MOONS TECHNOLOGIES: Arm National Spot Exchange has urged Securities and Exchange Board of India to resolve the 56-bln-rupee payment crisis in the larger interest of investors.
* ASIAN HOTELS (WEST): The Reserve Bank of India said non-resident Indians can no longer purchase shares of the company, as their investment has crossed the cap of 10% of the company's paid-up capital.
* BHARAT ELECTRONICS: Reported Apr-Jun net profit at 1.3 bln rupees, up 247.2% on year. Total revenue from operations was at 18.0 bln rupees, up 94.4% on year.
* BIRLA CORP: Said it would invest about 24 bln rupees to set up a new cement manufacturing unit in Maharashtra, with an aim to increase total production capacity to 20 mln tn per annum over the next five years.
* CONTAINER CORP OF INDIA: Reported Apr-Jun net profit at 2.4 bln rupees, up 36.3% on year.
Revenue from operations was at 14.6 bln rupees, up 9.9% on year.
* HEXAWARE TECHNOLOGIES: Reported Apr-Jun consolidated net profit of 1.2 bln rupees, up 7.5% on quarter. Revenue from operations was at 9.8 bln rupees, up 2.4% on quarter. The board has decided to pay an interim dividend of 1 rupee per share.
* HSIL: Is looking to ramp up its sanitaryware and faucets business to tap lifestyle conscious consumers.
* IDBI BANK: Is looking to sell its entire 16.25% stake in Small Industries Development Bank of India, and has appointed SBI Capital Markets as the advisor and manager for the disinvestment.
* INTERGLOBE AVIATION: Reported Apr-Jun net profit of 8.1 bln rupees, up 37.1% on year. Revenue from operations was at 57.5 bln rupees, up 25.6% on year. IndiGo plans to start commercial operations with ATR 72-600 aircraft by the end of 2017, President Aditya Ghosh said.
* LARSEN & TOUBRO: May raise 60 bln rupees in 2017-18 (Apr-Mar) through issue of non-convertible debentures.
* MAHANAGAR TELEPHONE NIGAM: Internet services of the company have been disrupted for the past few days due to malware. Consumers in New Delhi had been experiencing internet outages since last week.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Raised 1 bln rupees through the issuance of three-year non-convertible debentures at a coupon rate of 7.5%.
* MULTI COMMODITY EXCHANGE OF INDIA: Wholly-owned arm Multi Commodity Exchange
Clearing Corp has received an in-principle approval from the Securities and Exchange Board of India to act as a clearing agency for one year.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm, along with All India Organisation of
Chemists and Druggists, has introduced goods and services tax-compliant billing software, JioGST, for drug retailers.
* RELIANCE POWER: Reported Apr-Jun consolidated net profit of 2.3 bln rupees, down 32.2% on year. Revenue from operations was at 26.4 bln rupees, down 1.6% on year.
* SHREYAS SHIPPING AND LOGISTICS: Is venturing into the dry bulk segment, by winning a deal from Rashtriya Ispat Nigam Ltd to transport products from its plant at Visakhapatnam to stockyards in Ahmedabad, Mumbai, and Kochi.
* SIEMENS: Reported Apr-Jun net profit of 1.6 bln rupees, up 27.1% on year. Total revenue from
operations was at 27.6 bln rupees, up 2% on year.
* SOBHA LTD: Board will consider buying back shares worth 620 mln rupees, when it meets on Friday to mull earnings for the quarter ended June.
* SREI INFRASTRUCTURE FINANCE: Arm SREI Equipment Finance closed its public issue of nonconvertible debentures worth up to 10 bln rupees, mopping up a total of 5.82 bln rupees.
* TATA STEEL: Is working on commercialisation of graphene, an advanced material, and has launched ready-made graphene-coated stirrups, named Tiscon Superlinks+.
* TECH MAHINDRA: Reported Apr-Jun consolidated net profit of 8.0 bln rupees, up 6.6% on year.
Revenue from operations was at 73.4 bln rupees, up 6% on year. The company expects a 40-basis-point hit to operating margin in Jul-Sep due to wage hikes, but the management remains upbeat on its promise of "slow but steady rise in margin and revenue" over the remaining fiscal year.
* TITAGARH WAGONS: Has picked up 10% stake from Adler Plastics in Titagarh Firema Adler SpA, an Italian metro-coach making venture between the two.
* UPL: Reported Apr-Jun consolidated net profit of 4.7 bln rupees, up 31.4% on year. Revenue from
operations was at 38.5 bln rupees, up 5.7% on year.
* UNION BANK OF INDIA: The Reserve Bank of India has imposed a penalty of 30 mln rupees on the bank for violation of know-your-customer related norms.
* VAKRANGEE: Reported Apr-Jun consolidated net profit of 1.7 bln rupees, up 38.3% on year. Revenue from operations was at 13.0 bln rupees, up 42% on year.
* VASCON ENGINEERS: Got an order worth 804.1 mln rupees from Transcon Sheth Creators for civil construction, finishing, electrical and fire fighting work.
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* 63 MOONS TECHNOLOGIES: Arm National Spot Exchange has urged Securities and Exchange Board of India to resolve the 56-bln-rupee payment crisis in the larger interest of investors.
* ASIAN HOTELS (WEST): The Reserve Bank of India said non-resident Indians can no longer purchase shares of the company, as their investment has crossed the cap of 10% of the company's paid-up capital.
* BHARAT ELECTRONICS: Reported Apr-Jun net profit at 1.3 bln rupees, up 247.2% on year. Total revenue from operations was at 18.0 bln rupees, up 94.4% on year.
* BIRLA CORP: Said it would invest about 24 bln rupees to set up a new cement manufacturing unit in Maharashtra, with an aim to increase total production capacity to 20 mln tn per annum over the next five years.
* CONTAINER CORP OF INDIA: Reported Apr-Jun net profit at 2.4 bln rupees, up 36.3% on year.
Revenue from operations was at 14.6 bln rupees, up 9.9% on year.
* HEXAWARE TECHNOLOGIES: Reported Apr-Jun consolidated net profit of 1.2 bln rupees, up 7.5% on quarter. Revenue from operations was at 9.8 bln rupees, up 2.4% on quarter. The board has decided to pay an interim dividend of 1 rupee per share.
* HSIL: Is looking to ramp up its sanitaryware and faucets business to tap lifestyle conscious consumers.
* IDBI BANK: Is looking to sell its entire 16.25% stake in Small Industries Development Bank of India, and has appointed SBI Capital Markets as the advisor and manager for the disinvestment.
* INTERGLOBE AVIATION: Reported Apr-Jun net profit of 8.1 bln rupees, up 37.1% on year. Revenue from operations was at 57.5 bln rupees, up 25.6% on year. IndiGo plans to start commercial operations with ATR 72-600 aircraft by the end of 2017, President Aditya Ghosh said.
* LARSEN & TOUBRO: May raise 60 bln rupees in 2017-18 (Apr-Mar) through issue of non-convertible debentures.
* MAHANAGAR TELEPHONE NIGAM: Internet services of the company have been disrupted for the past few days due to malware. Consumers in New Delhi had been experiencing internet outages since last week.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Raised 1 bln rupees through the issuance of three-year non-convertible debentures at a coupon rate of 7.5%.
* MULTI COMMODITY EXCHANGE OF INDIA: Wholly-owned arm Multi Commodity Exchange
Clearing Corp has received an in-principle approval from the Securities and Exchange Board of India to act as a clearing agency for one year.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm, along with All India Organisation of
Chemists and Druggists, has introduced goods and services tax-compliant billing software, JioGST, for drug retailers.
* RELIANCE POWER: Reported Apr-Jun consolidated net profit of 2.3 bln rupees, down 32.2% on year. Revenue from operations was at 26.4 bln rupees, down 1.6% on year.
* SHREYAS SHIPPING AND LOGISTICS: Is venturing into the dry bulk segment, by winning a deal from Rashtriya Ispat Nigam Ltd to transport products from its plant at Visakhapatnam to stockyards in Ahmedabad, Mumbai, and Kochi.
* SIEMENS: Reported Apr-Jun net profit of 1.6 bln rupees, up 27.1% on year. Total revenue from
operations was at 27.6 bln rupees, up 2% on year.
* SOBHA LTD: Board will consider buying back shares worth 620 mln rupees, when it meets on Friday to mull earnings for the quarter ended June.
* SREI INFRASTRUCTURE FINANCE: Arm SREI Equipment Finance closed its public issue of nonconvertible debentures worth up to 10 bln rupees, mopping up a total of 5.82 bln rupees.
* TATA STEEL: Is working on commercialisation of graphene, an advanced material, and has launched ready-made graphene-coated stirrups, named Tiscon Superlinks+.
* TECH MAHINDRA: Reported Apr-Jun consolidated net profit of 8.0 bln rupees, up 6.6% on year.
Revenue from operations was at 73.4 bln rupees, up 6% on year. The company expects a 40-basis-point hit to operating margin in Jul-Sep due to wage hikes, but the management remains upbeat on its promise of "slow but steady rise in margin and revenue" over the remaining fiscal year.
* TITAGARH WAGONS: Has picked up 10% stake from Adler Plastics in Titagarh Firema Adler SpA, an Italian metro-coach making venture between the two.
* UPL: Reported Apr-Jun consolidated net profit of 4.7 bln rupees, up 31.4% on year. Revenue from
operations was at 38.5 bln rupees, up 5.7% on year.
* UNION BANK OF INDIA: The Reserve Bank of India has imposed a penalty of 30 mln rupees on the bank for violation of know-your-customer related norms.
* VAKRANGEE: Reported Apr-Jun consolidated net profit of 1.7 bln rupees, up 38.3% on year. Revenue from operations was at 13.0 bln rupees, up 42% on year.
* VASCON ENGINEERS: Got an order worth 804.1 mln rupees from Transcon Sheth Creators for civil construction, finishing, electrical and fire fighting work.
