Daily Stock News Today – 27.10.2017
* ADANI ENTERPRISES: The company's Adani Gas is planning to raise around $250 mln by selling dollar bonds.
* AMTEK AUTO: STATE BANK OF INDIA has initiated bankruptcy proceedings against the company's arm CASTEX TECHNOLOGIES.
* ANDHRA BANK: Has set 9.20% as coupon on its Basel-III compliant tier-I bonds.
* APOLLO TYRES: BNP Paribas Arbitrage has sold over 3.4 mln shares of the company for 821.7 mln rupees through an open market transaction.
* BAJAJ AUTO: The company's products CT100 ES and Platina ES wouldn't be impacted by the
Karnataka High Court's decision to ban pillion riders on two-wheelers below 100cc.
* BANK OF INDIA: Plans to raise 5 bln rupees through the issuance of Basel III-compliant tier-I bonds and has sought bids at 1100-1130 IST on Friday. COFFEE DAY ENTERPRISES: Cafe Coffee Day plans to shut around 25 to 30 stores this year but plans are also afoot to add around 100 stores.
* COROMANDEL INTERNATIONAL: The government owes the company 8.5 bln rupees in subsidy and the outstanding may keep piling up as the Centre delays payments.
* CRISIL: The infrastructure "investibility" index, launched by the company, shows power transmission as the most attractive sector for infrastructure investment in India.
* EMAMI: In line with its target of reducing dependency on wholesalers, the company is aggressively ramping up its direct distribution channel.
* ERA INFRA ENGINEERING: The National Company Law Tribunal reserved its order on whether it will hear a case against the company under the Insolvency and Bankruptcy Code at a time when several winding-up petitions were already pending before the Delhi High Court.
* FUTURE CONSUMER: Has allotted 149.66 mln shares to Black River Food 2, against the latter's
compulsorily convertible debentures.
* HERO MOTOCORP: Arm Hero FinCorp plans to enter the non-life insurance business and is looking to acquire a controlling stake in an existing general insurance company.
* IDFC: The proposed merger between the company and Shriram Group, announced earlier this year
and for which an extension had been sought, is likely to be finalised soon. Differences over the
valuation of the company have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 bln.
* INFOSYS: Has standardised its severance pay for top executives. For senior vice-presidents and
executive vice-presidents, it will be four months of their fixed salary.
* JET AIRWAYS INDIA: The company will start third daily non-stop flight on the Mumbai-London route with effect from Sunday.
* LIC HOUSING FINANCE: Plans to raise over 5 bln rupees through bonds maturing in February 2019, at an effective annualised yield of 7.2427%.
* MAJESCO: The company's US-based arm has delivered a suite of software products to Denim, a mobile, social media marketing platform.
* MANGALORE CHEMICALS & FERTILIZERS: The government owed the company 6.54 bln rupees in subsidy as at the end of September, against 6.80 bln rupees as at the end of March.
* NEW DELHI TELEVISION: Income tax department has provisionally attached the entire share of
promoter RRPR Holding in the company.
* NLC INDIA: The government's offer for sale of 5% stake in the company was subscribed 2.1 times, and it is likely to raise 7.5 bln rupees through the exercise.
* POWER FINANCE CORP: Plans to issue bonds maturing in three years and six months and has invited bids at 1100-1130 IST on Friday.
* PNB HOUSING FINANCE: The board of the company has approved raising $1 bln through Masala bonds in one or multiple tranches.
* RICOH INDIA: Fourth Dimensions Solutions has filed an application against the company in the
National Company Law Tribunal, Mumbai.
* SHARDA CROPCHEM: Will pay interim dividend of 2 rupees per share.
* SUPREME PETROCHEM: Will pay interim dividend of 1 rupee per share.
* TATA COMMUNICATIONS: The company expects the negative impact of ongoing restructuring of Tata Teleservices to cast a shadow on its operating profit in coming quarters.
* TATA CONSULTANCY SERVICES: Partnered with Association for Cooperative Operations Research and Development, a non-profit association serving the insurance industry, to modernise its digital architecture.
* YUG DECOR: Plutus Capital Management has bought 24,000 shares of the company in a bulk deal on the BSE today at 33.86 rupees apiece.
* ZUARI AGRO CHEMICALS: May raise prices of its products to mitigate the pressure on margins due to rising cost of raw materials.
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* AMTEK AUTO: STATE BANK OF INDIA has initiated bankruptcy proceedings against the company's arm CASTEX TECHNOLOGIES.
* ANDHRA BANK: Has set 9.20% as coupon on its Basel-III compliant tier-I bonds.
* APOLLO TYRES: BNP Paribas Arbitrage has sold over 3.4 mln shares of the company for 821.7 mln rupees through an open market transaction.
* BAJAJ AUTO: The company's products CT100 ES and Platina ES wouldn't be impacted by the
Karnataka High Court's decision to ban pillion riders on two-wheelers below 100cc.
* BANK OF INDIA: Plans to raise 5 bln rupees through the issuance of Basel III-compliant tier-I bonds and has sought bids at 1100-1130 IST on Friday. COFFEE DAY ENTERPRISES: Cafe Coffee Day plans to shut around 25 to 30 stores this year but plans are also afoot to add around 100 stores.
* COROMANDEL INTERNATIONAL: The government owes the company 8.5 bln rupees in subsidy and the outstanding may keep piling up as the Centre delays payments.
* CRISIL: The infrastructure "investibility" index, launched by the company, shows power transmission as the most attractive sector for infrastructure investment in India.
* EMAMI: In line with its target of reducing dependency on wholesalers, the company is aggressively ramping up its direct distribution channel.
* ERA INFRA ENGINEERING: The National Company Law Tribunal reserved its order on whether it will hear a case against the company under the Insolvency and Bankruptcy Code at a time when several winding-up petitions were already pending before the Delhi High Court.
* FUTURE CONSUMER: Has allotted 149.66 mln shares to Black River Food 2, against the latter's
compulsorily convertible debentures.
* HERO MOTOCORP: Arm Hero FinCorp plans to enter the non-life insurance business and is looking to acquire a controlling stake in an existing general insurance company.
* IDFC: The proposed merger between the company and Shriram Group, announced earlier this year
and for which an extension had been sought, is likely to be finalised soon. Differences over the
valuation of the company have come in the way of its proposed merger with Shriram Group to create a financial services company with combined revenue of $4 bln.
* INFOSYS: Has standardised its severance pay for top executives. For senior vice-presidents and
executive vice-presidents, it will be four months of their fixed salary.
* JET AIRWAYS INDIA: The company will start third daily non-stop flight on the Mumbai-London route with effect from Sunday.
* LIC HOUSING FINANCE: Plans to raise over 5 bln rupees through bonds maturing in February 2019, at an effective annualised yield of 7.2427%.
* MAJESCO: The company's US-based arm has delivered a suite of software products to Denim, a mobile, social media marketing platform.
* MANGALORE CHEMICALS & FERTILIZERS: The government owed the company 6.54 bln rupees in subsidy as at the end of September, against 6.80 bln rupees as at the end of March.
* NEW DELHI TELEVISION: Income tax department has provisionally attached the entire share of
promoter RRPR Holding in the company.
* NLC INDIA: The government's offer for sale of 5% stake in the company was subscribed 2.1 times, and it is likely to raise 7.5 bln rupees through the exercise.
* POWER FINANCE CORP: Plans to issue bonds maturing in three years and six months and has invited bids at 1100-1130 IST on Friday.
* PNB HOUSING FINANCE: The board of the company has approved raising $1 bln through Masala bonds in one or multiple tranches.
* RICOH INDIA: Fourth Dimensions Solutions has filed an application against the company in the
National Company Law Tribunal, Mumbai.
* SHARDA CROPCHEM: Will pay interim dividend of 2 rupees per share.
* SUPREME PETROCHEM: Will pay interim dividend of 1 rupee per share.
* TATA COMMUNICATIONS: The company expects the negative impact of ongoing restructuring of Tata Teleservices to cast a shadow on its operating profit in coming quarters.
* TATA CONSULTANCY SERVICES: Partnered with Association for Cooperative Operations Research and Development, a non-profit association serving the insurance industry, to modernise its digital architecture.
* YUG DECOR: Plutus Capital Management has bought 24,000 shares of the company in a bulk deal on the BSE today at 33.86 rupees apiece.
* ZUARI AGRO CHEMICALS: May raise prices of its products to mitigate the pressure on margins due to rising cost of raw materials.
