Daily Stock News Today – 25.09.2017
* ADITYA BIRLA FASHION AND RETAIL: The news regarding Aditya Birla Online Fashion shutting down its operations does not pertain to the company.
* BANK OF INDIA: To raise 5 bln rupees through a qualified institutional placement and is in the
process of finalising investment banks for the issue.
* BEARDSELL: Has prematurely repaid 18 mln rupees of its long-term debt as of September.
* BHARAT HEAVY ELECTRICALS: The company and Progress Rail of the US have signed a pact to develop new technologies for Indian Railways, use each other's supply chain, and pitch for operating rail fleet. To create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation, and water business.
* BHARAT ROAD NETWORK: Corporation San Finance bought 877,152 shares of the company at 189.81 rupees apiece in a bulk deal on the National Stock Exchange.
* BHARTI AIRTEL: Ghana's National Communications Authority regulator has granted conditional
approval for a merger between the local operations of Millicom's Tigo and the company.
* BHUSHAN STEEL: The committee of creditors to the company is reluctant to sanction fresh interim funding of around 5 bln rupees as part of the corporate insolvency process.
* CADILA HEALTHCARE: Received the US Food and Drug Administration's final approval to market Amlodipine and Olmesartan Medoxomil tablets.
* CAN FIN HOMES: To split its equity shares in 1-for-5 ratio next month to make it affordable for retail investors.
* CEAT: Has launched new range of tyres 'CEAT Securadrive' for Hyundai Verna.
* COCHIN SHIPYARD: Looks to set up ship-building and repair facilities in Andaman and Nicobar,
Gujarat, Kolkata and Mumbai, said Union Minister Nitin Gadkari.
* DABUR INDIA: Has launched new FEM Gold creme bleach in a new easy-to-use pack.
* DEEPAK FERTILISERS AND PETROCHEMICALS CORP: Plans to set up a brownfield isopropyl alcohol plant, with high purity diisopropyl ether as co-product, at Taloja, near Pune, with an investment of 4.50 bln rupees.
* DISH TV INDIA: As part of its festive season offering, the company has launched 'HD for all initiative' that will give access to popular HD channels to its subscribers.
* EROS INTERNATIONAL MEDIA: Company's film "Newton" has been selected by the Film Federation of India for the best foreign language film category for the Academy Awards in 2018.
* GLAXOSMITHKLINE PHARMACEUTICALS: The board has approved sale of 60 acres of land at Thane near Mumbai to OBEROI REALTY for 5.6 bln rupees.
* GLENMARK PHARMACEUTICALS: Has said its pipeline of specialty and innovative products over the next three to four years is expected to act as a defence against generics price erosion and competition.
* HCL INFOSYSTEMS: Will offer iPhone 8 and iPhone 8 Plus from Sep 29.
* IDEA CELLULAR: A fire broke out at the company's warehouse in Noida.
* IG PETROCHEMICALS: The board has approved the expansion of the phthalic anhydride plant
with a capacity of 53,000 tn per annum at the existing location.
* IIFL HOLDINGS: Arm India Infoline's property has not been attached by any court and only an
application has been filed for attachment by Ensemble Infrastructure India.
* INDIABULLS HOUSING FINANCE: Has raised 20 bln rupees through non-convertible debentures maturing in two and three years.
* INTERGLOBE AVIATION: Has grounded one more Airbus A320 neo plane after it was forced to return to Bhubaneswar following high engine vibrations experienced by the aircraft on its way to Bengaluru.
* JSW STEEL: Is joining hands with AION Capital for its MONNET ISPAT & ENERGY bid.
* LAKSHMI VILAS BANK: The board will meet on Wednesday to "consider, evaluate, and approve" raising of funds by way of a rights issue.
* MAHINDRA & MAHINDRA: Arm Mahindra Two Wheelers is working on an electric two-wheeler based on its Gusto scooter platform.
* NEW DELHI TELEVISION: Shareholders have approved sale of its automobile e-commerce firm Fifth Gear Ventures to Autobyte Private.
* NMDC: Is upbeat on business prospects and expects about 20% growth this fiscal over last year.
* NUCLEUS SOFTWARE EXPORTS: Will do a semi-closed launch of its prepaid wallet under the brand name "PaySe", followed by a market launch later.
* OIL AND NATURAL GAS CORP: The government is set to come out with a new policy aimed at
increasing oil production from nomination blocks of the company and OIL INDIA.
* QUESS CORP: An associate company has developed a mobile-based application, which makes the
process of onboarding new employees efficient.
* R SYSTEMS INTERNATIONAL: The board has approved the amalgamation of GM Solutions with itself.
* RELIANCE INDUSTRIES: The delivery of about 6 mln JioPhones started on Sunday and will be
completed within 15 days.
* REPCO HOME FINANCE: Shareholders have approved raising up to 30 bln rupees through nonconvertible debentures and 8 bln rupees through commercial papers on a private placement basis.
* RURAL ELECTRIFICATION CORP: Plans to raise funds through bonds maturing in 18 months and has invited bids from 1100 IST today.
* SHILPI CABLE TECHNOLOGIES: To consolidate its production unit of Hosur in Tamil Nadu into its Bhiwadi unit in Rajasthan.
* SHOPPERS STOP: The partnership with Amazon would help the company tap customers from nonmetro markets and scale up its financial performance.
* SPICEJET: Has launched a daily evening flight between Jaipur and Udaipur, starting Oct 13. The
company and Cleartrip have teamed up with Google Flights to help travellers explore possible
destinations and view live ticket prices.
* STATE BANK OF INDIA: Has launched the FTSE SBI Bond Index series in partnership with global index provider FTSE 100. Expects the country's economy to rebound in another couple of quarters, and its chief says that banks need more funds to be able to provide loans to businesses when the pace of growth eventually quickens.
* STEEL AUTHORITY OF INDIA: Chairman P.K. Singh has said world economic recovery is on track and a pick-up in global growth presents a healthy sign for industrial and manufacturing activities across the globe.
* SUZLON ENERGY: Has received shareholders' approval to issue securities worth up to 20 bln rupees.
* TATA GLOBAL BEVERAGES: Its overseas arm has formed a step-down subsidiary in Russia, Coffee Trade, which will take over some of the existing business as part of its restructuring exercise in the country.
* TATA MOTORS: The company's Ranjangaon plant in Maharashtra will shift its focus to the newlylaunched compact sport utility vehicle, Nexon.
* TATA STEEL: Several thousand steelworkers took to the streets of Bochum in Germany's industrial
heartland on Friday to protest against the planned merger of the European steel units of thyssenkrupp
and the company. Plans to develop an ecosystem for ancillary and downstream units in the vicinity of its Kalinganagar project in Odisha. Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with the company.
* VIMAL OIL & FOODS: BANK OF BARODA has filed an application with the Ahmedabad bench of the National Company Law Tribunal to initiate corporate insolvency resolution process against the
company.
* VST TILLERS TRACTORS: Has entered into a technology transfer agreement with Kukje Machinery Co, Korea, to manufacture tractors of higher horsepower in India.
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* BANK OF INDIA: To raise 5 bln rupees through a qualified institutional placement and is in the
process of finalising investment banks for the issue.
* BEARDSELL: Has prematurely repaid 18 mln rupees of its long-term debt as of September.
* BHARAT HEAVY ELECTRICALS: The company and Progress Rail of the US have signed a pact to develop new technologies for Indian Railways, use each other's supply chain, and pitch for operating rail fleet. To create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation, and water business.
* BHARAT ROAD NETWORK: Corporation San Finance bought 877,152 shares of the company at 189.81 rupees apiece in a bulk deal on the National Stock Exchange.
* BHARTI AIRTEL: Ghana's National Communications Authority regulator has granted conditional
approval for a merger between the local operations of Millicom's Tigo and the company.
* BHUSHAN STEEL: The committee of creditors to the company is reluctant to sanction fresh interim funding of around 5 bln rupees as part of the corporate insolvency process.
* CADILA HEALTHCARE: Received the US Food and Drug Administration's final approval to market Amlodipine and Olmesartan Medoxomil tablets.
* CAN FIN HOMES: To split its equity shares in 1-for-5 ratio next month to make it affordable for retail investors.
* CEAT: Has launched new range of tyres 'CEAT Securadrive' for Hyundai Verna.
* COCHIN SHIPYARD: Looks to set up ship-building and repair facilities in Andaman and Nicobar,
Gujarat, Kolkata and Mumbai, said Union Minister Nitin Gadkari.
* DABUR INDIA: Has launched new FEM Gold creme bleach in a new easy-to-use pack.
* DEEPAK FERTILISERS AND PETROCHEMICALS CORP: Plans to set up a brownfield isopropyl alcohol plant, with high purity diisopropyl ether as co-product, at Taloja, near Pune, with an investment of 4.50 bln rupees.
* DISH TV INDIA: As part of its festive season offering, the company has launched 'HD for all initiative' that will give access to popular HD channels to its subscribers.
* EROS INTERNATIONAL MEDIA: Company's film "Newton" has been selected by the Film Federation of India for the best foreign language film category for the Academy Awards in 2018.
* GLAXOSMITHKLINE PHARMACEUTICALS: The board has approved sale of 60 acres of land at Thane near Mumbai to OBEROI REALTY for 5.6 bln rupees.
* GLENMARK PHARMACEUTICALS: Has said its pipeline of specialty and innovative products over the next three to four years is expected to act as a defence against generics price erosion and competition.
* HCL INFOSYSTEMS: Will offer iPhone 8 and iPhone 8 Plus from Sep 29.
* IDEA CELLULAR: A fire broke out at the company's warehouse in Noida.
* IG PETROCHEMICALS: The board has approved the expansion of the phthalic anhydride plant
with a capacity of 53,000 tn per annum at the existing location.
* IIFL HOLDINGS: Arm India Infoline's property has not been attached by any court and only an
application has been filed for attachment by Ensemble Infrastructure India.
* INDIABULLS HOUSING FINANCE: Has raised 20 bln rupees through non-convertible debentures maturing in two and three years.
* INTERGLOBE AVIATION: Has grounded one more Airbus A320 neo plane after it was forced to return to Bhubaneswar following high engine vibrations experienced by the aircraft on its way to Bengaluru.
* JSW STEEL: Is joining hands with AION Capital for its MONNET ISPAT & ENERGY bid.
* LAKSHMI VILAS BANK: The board will meet on Wednesday to "consider, evaluate, and approve" raising of funds by way of a rights issue.
* MAHINDRA & MAHINDRA: Arm Mahindra Two Wheelers is working on an electric two-wheeler based on its Gusto scooter platform.
* NEW DELHI TELEVISION: Shareholders have approved sale of its automobile e-commerce firm Fifth Gear Ventures to Autobyte Private.
* NMDC: Is upbeat on business prospects and expects about 20% growth this fiscal over last year.
* NUCLEUS SOFTWARE EXPORTS: Will do a semi-closed launch of its prepaid wallet under the brand name "PaySe", followed by a market launch later.
* OIL AND NATURAL GAS CORP: The government is set to come out with a new policy aimed at
increasing oil production from nomination blocks of the company and OIL INDIA.
* QUESS CORP: An associate company has developed a mobile-based application, which makes the
process of onboarding new employees efficient.
* R SYSTEMS INTERNATIONAL: The board has approved the amalgamation of GM Solutions with itself.
* RELIANCE INDUSTRIES: The delivery of about 6 mln JioPhones started on Sunday and will be
completed within 15 days.
* REPCO HOME FINANCE: Shareholders have approved raising up to 30 bln rupees through nonconvertible debentures and 8 bln rupees through commercial papers on a private placement basis.
* RURAL ELECTRIFICATION CORP: Plans to raise funds through bonds maturing in 18 months and has invited bids from 1100 IST today.
* SHILPI CABLE TECHNOLOGIES: To consolidate its production unit of Hosur in Tamil Nadu into its Bhiwadi unit in Rajasthan.
* SHOPPERS STOP: The partnership with Amazon would help the company tap customers from nonmetro markets and scale up its financial performance.
* SPICEJET: Has launched a daily evening flight between Jaipur and Udaipur, starting Oct 13. The
company and Cleartrip have teamed up with Google Flights to help travellers explore possible
destinations and view live ticket prices.
* STATE BANK OF INDIA: Has launched the FTSE SBI Bond Index series in partnership with global index provider FTSE 100. Expects the country's economy to rebound in another couple of quarters, and its chief says that banks need more funds to be able to provide loans to businesses when the pace of growth eventually quickens.
* STEEL AUTHORITY OF INDIA: Chairman P.K. Singh has said world economic recovery is on track and a pick-up in global growth presents a healthy sign for industrial and manufacturing activities across the globe.
* SUZLON ENERGY: Has received shareholders' approval to issue securities worth up to 20 bln rupees.
* TATA GLOBAL BEVERAGES: Its overseas arm has formed a step-down subsidiary in Russia, Coffee Trade, which will take over some of the existing business as part of its restructuring exercise in the country.
* TATA MOTORS: The company's Ranjangaon plant in Maharashtra will shift its focus to the newlylaunched compact sport utility vehicle, Nexon.
* TATA STEEL: Several thousand steelworkers took to the streets of Bochum in Germany's industrial
heartland on Friday to protest against the planned merger of the European steel units of thyssenkrupp
and the company. Plans to develop an ecosystem for ancillary and downstream units in the vicinity of its Kalinganagar project in Odisha. Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with the company.
* VIMAL OIL & FOODS: BANK OF BARODA has filed an application with the Ahmedabad bench of the National Company Law Tribunal to initiate corporate insolvency resolution process against the
company.
* VST TILLERS TRACTORS: Has entered into a technology transfer agreement with Kukje Machinery Co, Korea, to manufacture tractors of higher horsepower in India.
