Today Stock News – 30.01.2018
* ASAHI INDIA GLASS: Has launched a new shade under its SunShield range of heat reflective glassesAIS SunShield Royal Gold.
* BHARTI AIRTEL: Kotak Institutional Equities has withdrawn its rating on the company, expressing concern over Reliance Jio Infocomm's price cut.
* BHUSHAN STEEL: Edelweiss group-owned EARC Trust has sold 3.3 mln shares or 1.46% stake in the company at 59.74 rupees a share through a bulk deal on the National Stock Exchange.
* BIOCON: The company and Mylan N.V.'s jointly developed biosimilar drug Semglee, or insulin
glargine, has come a step closer to receiving the European Medicines Agency's nod after an advisory
body of the regulator recommended the drug for approval.
* ESSAR SECURITIES: Promoter Essar Capital has sold 4.76% stake or 680,115 shares in the company through the open market.
* ESTER INDUSTRIES: Has entered into a long-term agreement with US-based Shaw Industries Group Inc, a wholly-owned subsidiary of Berkshire Hathaway Inc.
* GAIL INDIA: Has started pipeline construction work in West Bengal for providing gas supply to Matix Fertilizers, Durgapur.
* GSS INFOTECH: Aspire Emerging Fund has bought 360,000 shares or 2.1% stake in The company at 34.50 rupees per share, through a bulk deal on BSE.
* HCL TECHNOLOGIES: Has received a five-year order from UK-based Cadent, a gas distribution
network, for information technology infrastructure services.
* ICICI BANK: Will acquire 9.9% stake in FTL Technology Systems for 1 mln rupees.
* INOX LEISURE: Approved acquisition of 50% stake of Swanston Multiplex Cinemas for up to 300,000 rupees.
* JSW STEEL: Has decided to team up with Hong Kong-based asset management firm SSG Capital
Management to bid for UTTAM GALVA STEELS. Has offered 37 bln rupees for MONNET ISPAT which is undergoing the insolvency resolution proceedings that are expected to be completed by mid-February
* KPIT TECHNOLOGIES: Birlasoft and the company will merge together to create a $700 mln company, which will then split into two publicly-traded companies.
* MARUTI SUZUKI INDIA: Will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota. Will invest close to 40 bln rupees in the next fiscal on capital expenditure that includes development of new products, the company’s Managing Director Kenichi Ayukawa said.
* MMTC: Has said it has not indulged in any unfair practices of coal imports. The company's clarification came regarding the probe into coal imports.
* MOIL: The company's board will meet on Feb 5 to consider a buyback of fully paid-up equity shares.
* NATURAL CAPSULES: Has reviewed ongoing project for expansion of existing Empty Hard Gelatin Capsule manufacturing capacity from 6.1 bln capsules to 8.36 bln capsules.
* NEWGEN SOFTWARE TECHNOLOGIES: Malabar India Fund has bought 825,038 shares of the
company at 295.98 rupees a share through a bulk deal on the National Stock Exchange.
* PIRAMAL ENTERPRISES: Morgan Stanley Asia (Singapore) Pte has sold 2.53 mln shares or 1.47% stake in the company at 2,804 rupees a share, through a bulk deal on the BSE.
* POLARIS CONSULTING & SERVICES: The delisting offer of the company from Virtusa Consulting Services will open for subscription today and close on Feb 6.
* RAYMOND: Has assigned a full year capex of 4 bln rupees for its two plants at Amravati and Ethiopia along with renovation of its stores.
* RELIGARE ENTERPRISES: Promoters Malvinder and Shivinder Singh already embroiled in one
international legal battle over alleged fraud, are being accused of "diversion, siphoning and digression
of assets" by a New York-based investor in a lawsuit filed in the High Court of Delhi.
* RICOH INDIA: Has filed for insolvency proceedings as it is unable to meet its liabilities.
* RURAL ELECTRIFICATION CORP: Is set to complete the fund raising programme of the $1.5 bln dollardenominated bonds offer before Mar 2018.
* SNOWMAN LOGISTICS: Inaugurated a new temperature-controlled warehousing facility at
Krishnapatnam, Andhra Pradesh.
* SPICEJET: Will start non-stop flights on 20 domestic routes from Feb 11.
* SUNDARAM FINANCE: The demerger of the company's shared services businesses and non-core
investments to Sundaram Finance Holdings has received the approval of the National Company Law
Tribunal.
* TATA POWER CO: The company's Chief Executive Officer and Managing Director Anil Sardana has resigned from his post due to personal reasons.
* TRF: Sanjay Rajoria has been appointed as the new managing director of the company with effect
from Feb 1.
* UNITECH: The company told the Supreme Court that it has finalised a deal for sale of two land parcels in Chennai, for around 4 bln rupees.
* UNITED SPIRITS: Controlled by Diageo, is caught in a bind as it can't find suitors for the marquee
properties of its former Indian partner Vijay Mallya which had been put on the block despite clear title deeds.
* WANBURY: A fire broke out at the company's research and development unit in Navi Mumbai on
Friday.
* WELSPUN CORP: Has received an order to supply 232,000 tn of pipes.
CLICK HERE
*********************************************************************************
* BHARTI AIRTEL: Kotak Institutional Equities has withdrawn its rating on the company, expressing concern over Reliance Jio Infocomm's price cut.
* BHUSHAN STEEL: Edelweiss group-owned EARC Trust has sold 3.3 mln shares or 1.46% stake in the company at 59.74 rupees a share through a bulk deal on the National Stock Exchange.
* BIOCON: The company and Mylan N.V.'s jointly developed biosimilar drug Semglee, or insulin
glargine, has come a step closer to receiving the European Medicines Agency's nod after an advisory
body of the regulator recommended the drug for approval.
* ESSAR SECURITIES: Promoter Essar Capital has sold 4.76% stake or 680,115 shares in the company through the open market.
* ESTER INDUSTRIES: Has entered into a long-term agreement with US-based Shaw Industries Group Inc, a wholly-owned subsidiary of Berkshire Hathaway Inc.
* GAIL INDIA: Has started pipeline construction work in West Bengal for providing gas supply to Matix Fertilizers, Durgapur.
* GSS INFOTECH: Aspire Emerging Fund has bought 360,000 shares or 2.1% stake in The company at 34.50 rupees per share, through a bulk deal on BSE.
* HCL TECHNOLOGIES: Has received a five-year order from UK-based Cadent, a gas distribution
network, for information technology infrastructure services.
* ICICI BANK: Will acquire 9.9% stake in FTL Technology Systems for 1 mln rupees.
* INOX LEISURE: Approved acquisition of 50% stake of Swanston Multiplex Cinemas for up to 300,000 rupees.
* JSW STEEL: Has decided to team up with Hong Kong-based asset management firm SSG Capital
Management to bid for UTTAM GALVA STEELS. Has offered 37 bln rupees for MONNET ISPAT which is undergoing the insolvency resolution proceedings that are expected to be completed by mid-February
* KPIT TECHNOLOGIES: Birlasoft and the company will merge together to create a $700 mln company, which will then split into two publicly-traded companies.
* MARUTI SUZUKI INDIA: Will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota. Will invest close to 40 bln rupees in the next fiscal on capital expenditure that includes development of new products, the company’s Managing Director Kenichi Ayukawa said.
* MMTC: Has said it has not indulged in any unfair practices of coal imports. The company's clarification came regarding the probe into coal imports.
* MOIL: The company's board will meet on Feb 5 to consider a buyback of fully paid-up equity shares.
* NATURAL CAPSULES: Has reviewed ongoing project for expansion of existing Empty Hard Gelatin Capsule manufacturing capacity from 6.1 bln capsules to 8.36 bln capsules.
* NEWGEN SOFTWARE TECHNOLOGIES: Malabar India Fund has bought 825,038 shares of the
company at 295.98 rupees a share through a bulk deal on the National Stock Exchange.
* PIRAMAL ENTERPRISES: Morgan Stanley Asia (Singapore) Pte has sold 2.53 mln shares or 1.47% stake in the company at 2,804 rupees a share, through a bulk deal on the BSE.
* POLARIS CONSULTING & SERVICES: The delisting offer of the company from Virtusa Consulting Services will open for subscription today and close on Feb 6.
* RAYMOND: Has assigned a full year capex of 4 bln rupees for its two plants at Amravati and Ethiopia along with renovation of its stores.
* RELIGARE ENTERPRISES: Promoters Malvinder and Shivinder Singh already embroiled in one
international legal battle over alleged fraud, are being accused of "diversion, siphoning and digression
of assets" by a New York-based investor in a lawsuit filed in the High Court of Delhi.
* RICOH INDIA: Has filed for insolvency proceedings as it is unable to meet its liabilities.
* RURAL ELECTRIFICATION CORP: Is set to complete the fund raising programme of the $1.5 bln dollardenominated bonds offer before Mar 2018.
* SNOWMAN LOGISTICS: Inaugurated a new temperature-controlled warehousing facility at
Krishnapatnam, Andhra Pradesh.
* SPICEJET: Will start non-stop flights on 20 domestic routes from Feb 11.
* SUNDARAM FINANCE: The demerger of the company's shared services businesses and non-core
investments to Sundaram Finance Holdings has received the approval of the National Company Law
Tribunal.
* TATA POWER CO: The company's Chief Executive Officer and Managing Director Anil Sardana has resigned from his post due to personal reasons.
* TRF: Sanjay Rajoria has been appointed as the new managing director of the company with effect
from Feb 1.
* UNITECH: The company told the Supreme Court that it has finalised a deal for sale of two land parcels in Chennai, for around 4 bln rupees.
* UNITED SPIRITS: Controlled by Diageo, is caught in a bind as it can't find suitors for the marquee
properties of its former Indian partner Vijay Mallya which had been put on the block despite clear title deeds.
* WANBURY: A fire broke out at the company's research and development unit in Navi Mumbai on
Friday.
* WELSPUN CORP: Has received an order to supply 232,000 tn of pipes.
