Daily Stock News Today – 15.11.2017
* ASHOK LEYLAND: Has sent a second batch of 185 trucks via the sea route to Mongla Port in Bangladesh, a growing market for the company.
* BHARTI AIRTEL: Has merged with Millicom's Tigo in Ghana, Africa, to become the country's second largest mobile operator, the new company AirtelTigo said.
* BHARAT HEAVY ELECTRICALS: Aims to double the share of non-power projects to its total business to 40% in three-four years.
* BATA INDIA: Board has appointed Sandeep Kataria as the chief executive officer and whole-time director.
* BHARTI INFRATEL: UBS Principal Capital Asia bought 17 mln shares or 0.92% stake in the company at 400 rupees per share in a bulk deal on the National Stock Exchange.
* BHARAT PETROLEUM CORP: All units of the company's Kochi refinery expansion project have been fully commissioned and are undergoing stabilisation.
* CEAT: Board has approved investment of up to 1 bln rupees in subsidiary CEAT Specialty Tyres.
* DABUR INDIA: Has launched Glycodab Ayurvedic tablets to treat diabetes in India.
* DILIP BUILDCON: Has raised its revenue guidance for the current financial year ending in March to 40% from 25% as it aims to win major contracts and execute more projects.
* ECLERX SERVICES: Royal Bank of Scotland Plc, as trustee of Jupiter Ind, sold 288,767 shares or 0.7% stake in the company at 1,270 rupees a share, through a bulk deal on the National Stock Exchange.
* ESCORTS: Subsidiary Farmtrac Tractors Europe unveiled a new tractor series in Germany.
* FORTIS HEALTHCARE: Has entered into 60-day exclusivity pact with RHT Health Trust to acquire the latter's entire assets for an enterprise value of 46.5 bln rupees.
* GULF OIL LUBRICANTS INDIA: Is extending its partnerships in the automotive sector by signing on BAJAJ AUTO, FORCE MOTORS and Fiat.
* HCL TECHNOLOGIES: Has signed a five-year information technology services contract with Jardine Lloyd Thompson group.
* HOUSING DEVELOPMENT FINANCE CORP: Has issued Masala bonds worth 13 bln rupees to
International Finance Corp.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: Has approved raising 2 bln rupees through warrants issue to its promoter Sarang Wadhawan.
* IDEA CELLULAR: Expects a hit of 3 bln rupees to its operating profit during Oct-Mar, owing to a cut in interconnect usage charges.
* INDIABULLS HOUSING FINANCE: GIC, Singapore's sovereign wealth fund, has bought a 10% stake in UK-based lender OakNorth Bank from the company for 7.70 bln rupees.
* INTERGLOBE AVIATION: The company-led IndiGo has filed a petition in the Delhi High Court,
challenging the GMR-led Delhi International Airport's direction to the airline to shift a part of its operations from Terminal 1 to Terminal 2 of the airport.
* LARSEN & TOUBRO INFOTECH: Will acquire Syncordis S.A for a cash consideration of 14.65 mln euro and Syncordis India for 350,000 euro.
* L&T TECHNOLOGY SERVICES: Has set up a centre of excellence at Jerusalem.
* LAURUS LABS: US Food and Drug Administration had issued an establishment inspection report to the company's Unit-I and Unit-III at Visakhapatnam.
* MAHINDRA & MAHINDRA: Subsidiary Mahindra Electric Mobility will deploy 20 e2o cars in Mysuru in Zoomcar India's fleet.
* MOSER-BAER INDIA: National Company Law Tribunal has admitted CENTRAL BANK OF INDIA's insolvency petition against subsidiary Moser Baer Solar under Section 7 of the Insolvency and Bankruptcy Code.
* NATCO PHARMA: Plans to step up focus on high potential filings and differentiated products in the complex generics segment for exports as part of its growth strategy.
* NBCC (INDIA): To develop some of the land assets that has been pledged with them by the promoters of defaulting firms.
* NUCLEUS SOFTWARE EXPORTS: Has enhanced its digital lending solution such that it supports
Aadhaar-enabled payment system and customer verification through biometrics, among other features.
* PNB HOUSING FINANCE: Has raised 5.20 bln rupees through the issuance of bonds maturing in three years and four months at a coupon rate of 7.58%.
* POLARIS CONSULTING & SERVICES: Has approved delisting the company's shares from stock
exchanges and set the floor price at 232.37 rupees a share.
* PVR: Subsidiary PVR Pictures has tied up with Bookmyshow for VKAAO—a digital platform.
* RAMCO SYSTEMS: Netmagic Solutions has gone live with the company's HCM Suite to streamline and automate its human resource operations.
* RELIGARE ENTERPRISES: Malvinder Mohan Singh stepped down from the post of non-executive chairman at the company.
* RELIANCE INDUSTRIES: Has raised 25 bln rupees through the issuance of bonds maturing in three years and one month at a coupon of 6.95%.
- The company will consider raising $800 mln through issuance of senior, unsecured fixed rate notes during the week starting Monday or later based on market conditions.
- Arm Reliance Jio is working with corner stores and consumer brands to create a model to enable shoppers to buy at neighbourhood shops using digital coupons via its Jio Money platform or text messages.
- Has prima-facie not complied with one clause of the government's coal bed methane marketing policy as it sold the gas it produced to its own unit after participating in auctions, the oil ministry found in a preliminary assessment.
* STATE BANK OF INDIA: Has initiated the process of selling 15.80 bln rupees of bad loans to financial institutions, including asset reconstruction companies.
* SUN PHARMACEUTICAL INDUSTRIES: The board approved the merger of the generic pharmaceutical business of indirect subsidiary Sun Pharma Global FZE.
- Has no update as to when the US Food and Drug Administration would conduct re-inspection at the Halol unit.
* TATA MOTORS: Has signed a pact with Energy Efficiency Services to implement various energy saving and resource conservation initiatives for the automaker.
* TATA POWER CO: Plans to sell its entire direct and indirect stake of 17.5% in the group company, TATA COMMUNICATIONS, to pare debt.
* UJJIVAN FINANCIAL SERVICES: Has refuted speculative news reports that the wholly-owned subsidiary Ujjivan Small Finance Bank is being acquired by another bank.
* VIJAYA BANK: Will auction land properties of ERA INFRA ENGINEERING and its guarantors to recover their loans and interest dues of 2 bln rupees.
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* BHARTI AIRTEL: Has merged with Millicom's Tigo in Ghana, Africa, to become the country's second largest mobile operator, the new company AirtelTigo said.
* BHARAT HEAVY ELECTRICALS: Aims to double the share of non-power projects to its total business to 40% in three-four years.
* BATA INDIA: Board has appointed Sandeep Kataria as the chief executive officer and whole-time director.
* BHARTI INFRATEL: UBS Principal Capital Asia bought 17 mln shares or 0.92% stake in the company at 400 rupees per share in a bulk deal on the National Stock Exchange.
* BHARAT PETROLEUM CORP: All units of the company's Kochi refinery expansion project have been fully commissioned and are undergoing stabilisation.
* CEAT: Board has approved investment of up to 1 bln rupees in subsidiary CEAT Specialty Tyres.
* DABUR INDIA: Has launched Glycodab Ayurvedic tablets to treat diabetes in India.
* DILIP BUILDCON: Has raised its revenue guidance for the current financial year ending in March to 40% from 25% as it aims to win major contracts and execute more projects.
* ECLERX SERVICES: Royal Bank of Scotland Plc, as trustee of Jupiter Ind, sold 288,767 shares or 0.7% stake in the company at 1,270 rupees a share, through a bulk deal on the National Stock Exchange.
* ESCORTS: Subsidiary Farmtrac Tractors Europe unveiled a new tractor series in Germany.
* FORTIS HEALTHCARE: Has entered into 60-day exclusivity pact with RHT Health Trust to acquire the latter's entire assets for an enterprise value of 46.5 bln rupees.
* GULF OIL LUBRICANTS INDIA: Is extending its partnerships in the automotive sector by signing on BAJAJ AUTO, FORCE MOTORS and Fiat.
* HCL TECHNOLOGIES: Has signed a five-year information technology services contract with Jardine Lloyd Thompson group.
* HOUSING DEVELOPMENT FINANCE CORP: Has issued Masala bonds worth 13 bln rupees to
International Finance Corp.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: Has approved raising 2 bln rupees through warrants issue to its promoter Sarang Wadhawan.
* IDEA CELLULAR: Expects a hit of 3 bln rupees to its operating profit during Oct-Mar, owing to a cut in interconnect usage charges.
* INDIABULLS HOUSING FINANCE: GIC, Singapore's sovereign wealth fund, has bought a 10% stake in UK-based lender OakNorth Bank from the company for 7.70 bln rupees.
* INTERGLOBE AVIATION: The company-led IndiGo has filed a petition in the Delhi High Court,
challenging the GMR-led Delhi International Airport's direction to the airline to shift a part of its operations from Terminal 1 to Terminal 2 of the airport.
* LARSEN & TOUBRO INFOTECH: Will acquire Syncordis S.A for a cash consideration of 14.65 mln euro and Syncordis India for 350,000 euro.
* L&T TECHNOLOGY SERVICES: Has set up a centre of excellence at Jerusalem.
* LAURUS LABS: US Food and Drug Administration had issued an establishment inspection report to the company's Unit-I and Unit-III at Visakhapatnam.
* MAHINDRA & MAHINDRA: Subsidiary Mahindra Electric Mobility will deploy 20 e2o cars in Mysuru in Zoomcar India's fleet.
* MOSER-BAER INDIA: National Company Law Tribunal has admitted CENTRAL BANK OF INDIA's insolvency petition against subsidiary Moser Baer Solar under Section 7 of the Insolvency and Bankruptcy Code.
* NATCO PHARMA: Plans to step up focus on high potential filings and differentiated products in the complex generics segment for exports as part of its growth strategy.
* NBCC (INDIA): To develop some of the land assets that has been pledged with them by the promoters of defaulting firms.
* NUCLEUS SOFTWARE EXPORTS: Has enhanced its digital lending solution such that it supports
Aadhaar-enabled payment system and customer verification through biometrics, among other features.
* PNB HOUSING FINANCE: Has raised 5.20 bln rupees through the issuance of bonds maturing in three years and four months at a coupon rate of 7.58%.
* POLARIS CONSULTING & SERVICES: Has approved delisting the company's shares from stock
exchanges and set the floor price at 232.37 rupees a share.
* PVR: Subsidiary PVR Pictures has tied up with Bookmyshow for VKAAO—a digital platform.
* RAMCO SYSTEMS: Netmagic Solutions has gone live with the company's HCM Suite to streamline and automate its human resource operations.
* RELIGARE ENTERPRISES: Malvinder Mohan Singh stepped down from the post of non-executive chairman at the company.
* RELIANCE INDUSTRIES: Has raised 25 bln rupees through the issuance of bonds maturing in three years and one month at a coupon of 6.95%.
- The company will consider raising $800 mln through issuance of senior, unsecured fixed rate notes during the week starting Monday or later based on market conditions.
- Arm Reliance Jio is working with corner stores and consumer brands to create a model to enable shoppers to buy at neighbourhood shops using digital coupons via its Jio Money platform or text messages.
- Has prima-facie not complied with one clause of the government's coal bed methane marketing policy as it sold the gas it produced to its own unit after participating in auctions, the oil ministry found in a preliminary assessment.
* STATE BANK OF INDIA: Has initiated the process of selling 15.80 bln rupees of bad loans to financial institutions, including asset reconstruction companies.
* SUN PHARMACEUTICAL INDUSTRIES: The board approved the merger of the generic pharmaceutical business of indirect subsidiary Sun Pharma Global FZE.
- Has no update as to when the US Food and Drug Administration would conduct re-inspection at the Halol unit.
* TATA MOTORS: Has signed a pact with Energy Efficiency Services to implement various energy saving and resource conservation initiatives for the automaker.
* TATA POWER CO: Plans to sell its entire direct and indirect stake of 17.5% in the group company, TATA COMMUNICATIONS, to pare debt.
* UJJIVAN FINANCIAL SERVICES: Has refuted speculative news reports that the wholly-owned subsidiary Ujjivan Small Finance Bank is being acquired by another bank.
* VIJAYA BANK: Will auction land properties of ERA INFRA ENGINEERING and its guarantors to recover their loans and interest dues of 2 bln rupees.
