Daily Stock News Today – 17.11.2017
* ATLANTA: The company said National Highways Authority of India has wrongly terminated the
concession agreement for a six-laning road project in Gujarat.
* BHUSHAN STEEL: ArcelorMittal and TATA STEEL have intensified efforts to place takeover bids for Essar Steel and the company, pitching them against the promoters who would make offers to re-acquire the debt-laden companies under the Insolvency and Bankruptcy Code proceedings.
* BSE: Arm Marketplace Tech Infra Services has launched BEST, a state-of-the-art hosted trading solution, built on Thomson Reuters' Omnesys NEST platform.
* CARE RATINGS: The board has decided to pay interim dividend of 6 rupees per share.
* CRISIL: Has signed a binding agreement to acquire Pragmatix Services for 560 mln rupees and expects to conclude the deal in Jan-Mar.
* DLF: GIC has acquired 1.2 mln shares of the company through open market, pushing its stake in the company above 5%.
* EDELWEISS FINANCIAL SERVICES: Has set the floor price for the qualified institutional placement of shares at 285.14 rupees apiece.
* EMAMI: May explore possibilities to forge joint ventures and enter into strategic alliances in the sphere of brand licensing.
* FEDERAL BANK: Has moved closer to divesting 26% in its wholly-owned non-banking co FedBank Financial Services by narrowing down the number of prospective investors to two.
* FORTIS HEALTHCARE: Has at least six months to exercise its enabling option to raise the funds to acquire RHT Health Trust's assets.
* HOUSING DEVELOPMENT FINANCE CORP: HDFC Asset Management Co has announced the launch of HDFC Housing Opportunities Fund - Series I, a mutual fund scheme dedicated to housing and allied businesses.
* IFCI: Plans to raise debt of 30 bln rupees in the remaining months of this fiscal to fund business growth.
* INDIABULLS HOUSING FINANCE: Life Insurance Corp has hiked its stake in the company by 2.03% by buying 8.6 mln shares in the open market.
* INFIBEAM INCORPORATION: Is going to launch digital logistic platform, shipdroid, to solve logistics requirements of e-commerce merchants.
* INFOSYS: Has signed a pact with Udacity, an online education company, to train its employees for
technologies related to autonomous driving.
* INTERGLOBE AVIATION: The Delhi High Court asked Delhi International Airport to state the basis of its decision to bifurcate operations of the company, SPICEJET and GoAir between Terminal-1 and Terminal-2 of the Indira Gandhi International Airport.
* KHAITAN ELECTRICALS: Has refuted news reports that ALLAHABAD BANK had decided to sell the company's loans that have turned into non-performing assets.
* MOIL: The company's board has appointed Director Finance Rakesh Tumane as the chief financial officer in place of Nitin Kajarekar, until a further decision is taken by the board.
* NBCC (INDIA): Plans to start the redevelopment of two railway stations in Tirupati and Goa in the next two months, Chairman and Managing Director A.K. Mittal said.
* OIL & NATURAL GAS CORP: Its overseas investment subsidiary ONGC Videsh has been assured of dividend payment by its Venezuelan partner and the government. The company and VEDANTA have emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime.
* RBL BANK: The bank has acquired 2.08% additional stake in subsidiary Swadhaar Finserve, increasing its stake in Swadhaar to 60.48%.
* RELIANCE COMMUNICATIONS: Reiterated that it is under a standstill and would not make payment of interest or principal to "any" lender or bondholder till December 2018, given its ongoing debt restructuring plan. The National Company Law Tribunal had dismissed an insolvency plea filed by Manipal Technologies, seeking recovery of 27.4 mln rupees in dues.
* STERLING BIOTECH: A consortium of lenders led by ANDHRA BANK has invited bids from strategic investors to replace the operator at Sterling Port's Dahej port. The project is promoted by the company.
* SUZLON ENERGY: Has declared a lockout at the Padubhidri blade manufacturing unit from Nov 29 due to operational disturbances resulting from unruly behaviour by a section of workers. Arm Suzlon Global Services is looking to raise up to $250 mln by divesting a large minority stake, sources said.
* SYNDICATE BANK: Has started discussions with potential institutional investors, including state-owned insurance companies, to raise up to 10 bln rupees through preferential allotment of shares.
* THE NEW INDIA ASSURANCE CO: The board has decided to pay interim dividend of 3.75 rupees per share.
* UNITED BANK OF INDIA: The board of the bank will, on Monday, consider raising up to 5 bln rupees through the issuance of Basel-III compliant, tier-I bonds.
* UNITED BREWERIES (HOLDINGS): SEBI has attached all bank accounts, securities and mutual fund units held by the company.
CLICK HERE
*********************************************************************************
concession agreement for a six-laning road project in Gujarat.
* BHUSHAN STEEL: ArcelorMittal and TATA STEEL have intensified efforts to place takeover bids for Essar Steel and the company, pitching them against the promoters who would make offers to re-acquire the debt-laden companies under the Insolvency and Bankruptcy Code proceedings.
* BSE: Arm Marketplace Tech Infra Services has launched BEST, a state-of-the-art hosted trading solution, built on Thomson Reuters' Omnesys NEST platform.
* CARE RATINGS: The board has decided to pay interim dividend of 6 rupees per share.
* CRISIL: Has signed a binding agreement to acquire Pragmatix Services for 560 mln rupees and expects to conclude the deal in Jan-Mar.
* DLF: GIC has acquired 1.2 mln shares of the company through open market, pushing its stake in the company above 5%.
* EDELWEISS FINANCIAL SERVICES: Has set the floor price for the qualified institutional placement of shares at 285.14 rupees apiece.
* EMAMI: May explore possibilities to forge joint ventures and enter into strategic alliances in the sphere of brand licensing.
* FEDERAL BANK: Has moved closer to divesting 26% in its wholly-owned non-banking co FedBank Financial Services by narrowing down the number of prospective investors to two.
* FORTIS HEALTHCARE: Has at least six months to exercise its enabling option to raise the funds to acquire RHT Health Trust's assets.
* HOUSING DEVELOPMENT FINANCE CORP: HDFC Asset Management Co has announced the launch of HDFC Housing Opportunities Fund - Series I, a mutual fund scheme dedicated to housing and allied businesses.
* IFCI: Plans to raise debt of 30 bln rupees in the remaining months of this fiscal to fund business growth.
* INDIABULLS HOUSING FINANCE: Life Insurance Corp has hiked its stake in the company by 2.03% by buying 8.6 mln shares in the open market.
* INFIBEAM INCORPORATION: Is going to launch digital logistic platform, shipdroid, to solve logistics requirements of e-commerce merchants.
* INFOSYS: Has signed a pact with Udacity, an online education company, to train its employees for
technologies related to autonomous driving.
* INTERGLOBE AVIATION: The Delhi High Court asked Delhi International Airport to state the basis of its decision to bifurcate operations of the company, SPICEJET and GoAir between Terminal-1 and Terminal-2 of the Indira Gandhi International Airport.
* KHAITAN ELECTRICALS: Has refuted news reports that ALLAHABAD BANK had decided to sell the company's loans that have turned into non-performing assets.
* MOIL: The company's board has appointed Director Finance Rakesh Tumane as the chief financial officer in place of Nitin Kajarekar, until a further decision is taken by the board.
* NBCC (INDIA): Plans to start the redevelopment of two railway stations in Tirupati and Goa in the next two months, Chairman and Managing Director A.K. Mittal said.
* OIL & NATURAL GAS CORP: Its overseas investment subsidiary ONGC Videsh has been assured of dividend payment by its Venezuelan partner and the government. The company and VEDANTA have emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime.
* RBL BANK: The bank has acquired 2.08% additional stake in subsidiary Swadhaar Finserve, increasing its stake in Swadhaar to 60.48%.
* RELIANCE COMMUNICATIONS: Reiterated that it is under a standstill and would not make payment of interest or principal to "any" lender or bondholder till December 2018, given its ongoing debt restructuring plan. The National Company Law Tribunal had dismissed an insolvency plea filed by Manipal Technologies, seeking recovery of 27.4 mln rupees in dues.
* STERLING BIOTECH: A consortium of lenders led by ANDHRA BANK has invited bids from strategic investors to replace the operator at Sterling Port's Dahej port. The project is promoted by the company.
* SUZLON ENERGY: Has declared a lockout at the Padubhidri blade manufacturing unit from Nov 29 due to operational disturbances resulting from unruly behaviour by a section of workers. Arm Suzlon Global Services is looking to raise up to $250 mln by divesting a large minority stake, sources said.
* SYNDICATE BANK: Has started discussions with potential institutional investors, including state-owned insurance companies, to raise up to 10 bln rupees through preferential allotment of shares.
* THE NEW INDIA ASSURANCE CO: The board has decided to pay interim dividend of 3.75 rupees per share.
* UNITED BANK OF INDIA: The board of the bank will, on Monday, consider raising up to 5 bln rupees through the issuance of Basel-III compliant, tier-I bonds.
* UNITED BREWERIES (HOLDINGS): SEBI has attached all bank accounts, securities and mutual fund units held by the company.
