Daily Stock News Today – 25.10.2017
* ABG SHIPYARD: The company's promoters face criminal proceedings after a Mumbai court ordered a police investigation on a complaint of criminal conspiracy filed by Standard Chartered Bank.
* AUROBINDO PHARMA: The district court of Delaware in the US has rejected the company's claim for attorney fee and other expenses in a patent case lost by Reckitt Benckiser LLC for cold and flu drug Mucinex, according to a court document.
* ELECTROSTEEL STEELS: Has denied media report stating that SREI INFRASTRUCTURE FINANCE has expressed interest to acquire the company.
* GVK POWER & INFRASTRUCTURE: Maharashtra cabinet has given approval to the highest bidder, the company-led Mumbai International Airport, for building and operating the Navi Mumbai international airport.
* HOTEL LEELAVENTURE: The board has issued and allotted 163.94 mln shares at a price of 16.78 rupees apiece to JM Finance Asset Reconstruction Co on conversion of debt.
* IDFC BANK: The Reserve Bank of India has imposed a fine of 20 mln rupees on the bank for violating regulatory restrictions on loans and advances, without citing any specific detail.
* INFOSYS: Has cut its sales guidance in dollar terms to 6.5-7.5% from 7.1-9.1% guided earlier. It also cut guidance in constant currency terms to 5.5-6.5% from 6.5-8.5% and in rupee terms to 3-4% from 3-5% guided earlier.
- After reviewing the investigation report related to alleged wrongdoings in the acquisition of Panaya, the company board found no foul play. The company will pay an interim dividend of 13 rupees per share.
* INTERGLOBE AVIATION: Has signed a 10-year engine maintenance contract for its ATR planes with Pratt & Whitney Canada.
* LUPIN: Has received the final approval from the US Food and Drug Administration for carbidopa tablets, a generic of Aton Pharma's Lodosyn tablets.
* NBCC (INDIA): Is likely to give some relaxation to homebuyers of NBCC Green View Apartment, Gurugram, after buyers complained that the company has included additional charges including that of goods and services tax.
* NLC INDIA: The government will sell up to 5% stake in the company on Wednesday and Thursday in an offer for sale at a floor price of 94 rupees apiece.
* OIL AND NATURAL GAS CORP: The Delhi High Court will hear on Nov 1 a public interest litigation challenging the appointment of Shashi Shanker and Bharatiya Janta Party spokesperson Sambit Patra on the company's board.
* PHILLIPS CARBON BLACK: Is looking to invest 5-6 bln rupees in a 120,000-tn capacity greenfield project.
* RELIANCE COMMUNICATIONS: To shut down its direct-to-home business, operating under Reliance Digital TV, effective Nov 18.
* SPML INFRA: Board has approved issue of optionally convertible debentures of face value 1,000 rupees each for a value not exceeding 5.5 bln rupees on preferential basis to its lenders, against the conversion of part of their outstanding debt.
* STATE BANK OF INDIA: Chairman Rajnish Kumar has called the government announcement of a 2.11-trln-rupee bank recapitalisation plan for state-owned banks "the need of the hour".
* SUBEX: Has launched consulting and advisory services for the telecommunication segment.
* TATA CONSULTANCY SERVICES: The Company, along with Palo Alto Networks, has offered TCS Public Cloud Security Services to securely migrate applications and data to the public cloud.
* TATA GLOBAL BEVERAGES: Tata Starbucks, a joint venture between coffee store chain Starbucks and the company, plans to expand its stores and has inaugurated its 100th store in India in Mumbai.
* VISA STEEL: The company's board has approved allotment of 5.8 mln shares to Baosteel Resources as part of the scheme of amalgamation of VISA BAO with the company.
* YES BANK: The Reserve Bank of India has imposed a 60-mln-rupee penalty on YES Bank, effective Monday, for issues related automated teller machine and violation of provision norms on asset quality.
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* AUROBINDO PHARMA: The district court of Delaware in the US has rejected the company's claim for attorney fee and other expenses in a patent case lost by Reckitt Benckiser LLC for cold and flu drug Mucinex, according to a court document.
* ELECTROSTEEL STEELS: Has denied media report stating that SREI INFRASTRUCTURE FINANCE has expressed interest to acquire the company.
* GVK POWER & INFRASTRUCTURE: Maharashtra cabinet has given approval to the highest bidder, the company-led Mumbai International Airport, for building and operating the Navi Mumbai international airport.
* HOTEL LEELAVENTURE: The board has issued and allotted 163.94 mln shares at a price of 16.78 rupees apiece to JM Finance Asset Reconstruction Co on conversion of debt.
* IDFC BANK: The Reserve Bank of India has imposed a fine of 20 mln rupees on the bank for violating regulatory restrictions on loans and advances, without citing any specific detail.
* INFOSYS: Has cut its sales guidance in dollar terms to 6.5-7.5% from 7.1-9.1% guided earlier. It also cut guidance in constant currency terms to 5.5-6.5% from 6.5-8.5% and in rupee terms to 3-4% from 3-5% guided earlier.
- After reviewing the investigation report related to alleged wrongdoings in the acquisition of Panaya, the company board found no foul play. The company will pay an interim dividend of 13 rupees per share.
* INTERGLOBE AVIATION: Has signed a 10-year engine maintenance contract for its ATR planes with Pratt & Whitney Canada.
* LUPIN: Has received the final approval from the US Food and Drug Administration for carbidopa tablets, a generic of Aton Pharma's Lodosyn tablets.
* NBCC (INDIA): Is likely to give some relaxation to homebuyers of NBCC Green View Apartment, Gurugram, after buyers complained that the company has included additional charges including that of goods and services tax.
* NLC INDIA: The government will sell up to 5% stake in the company on Wednesday and Thursday in an offer for sale at a floor price of 94 rupees apiece.
* OIL AND NATURAL GAS CORP: The Delhi High Court will hear on Nov 1 a public interest litigation challenging the appointment of Shashi Shanker and Bharatiya Janta Party spokesperson Sambit Patra on the company's board.
* PHILLIPS CARBON BLACK: Is looking to invest 5-6 bln rupees in a 120,000-tn capacity greenfield project.
* RELIANCE COMMUNICATIONS: To shut down its direct-to-home business, operating under Reliance Digital TV, effective Nov 18.
* SPML INFRA: Board has approved issue of optionally convertible debentures of face value 1,000 rupees each for a value not exceeding 5.5 bln rupees on preferential basis to its lenders, against the conversion of part of their outstanding debt.
* STATE BANK OF INDIA: Chairman Rajnish Kumar has called the government announcement of a 2.11-trln-rupee bank recapitalisation plan for state-owned banks "the need of the hour".
* SUBEX: Has launched consulting and advisory services for the telecommunication segment.
* TATA CONSULTANCY SERVICES: The Company, along with Palo Alto Networks, has offered TCS Public Cloud Security Services to securely migrate applications and data to the public cloud.
* TATA GLOBAL BEVERAGES: Tata Starbucks, a joint venture between coffee store chain Starbucks and the company, plans to expand its stores and has inaugurated its 100th store in India in Mumbai.
* VISA STEEL: The company's board has approved allotment of 5.8 mln shares to Baosteel Resources as part of the scheme of amalgamation of VISA BAO with the company.
* YES BANK: The Reserve Bank of India has imposed a 60-mln-rupee penalty on YES Bank, effective Monday, for issues related automated teller machine and violation of provision norms on asset quality.
