Today Stock News – 20.06.2018
* ACRYSIL: Has planned a capital expenditure of 100 mln rupees in 2018-19 (Apr-Mar) to increase the capacity of manufacturing quartz sinks by 100,000 units per annum.
* BHARAT PETROLEUM CORP: Has signed agreements to give grants to four start-ups nurtured by the Kerala Start-up Mission at Technopark, Thiruvananthapuram under its 'Project Ankur' scheme.
* BLUE STAR: Plans to cut down import content in air-conditioners to survive trade barriers and rising cost of imports.
* CAPITAL FIRST: Has entered into a share subscription agreement to acquire 402,455 shares or 14.24% stake of Digikredit Finance, along with its promoter for 120 mln rupees.
* CIPLA: Has received a final approval from the US Food and Drug Administration for its abbreviated new drug application for Efavirenz tablets, a generic of Bristol-Myers Squibb Pharma Co's Sustiva, in 600 mg strength.
* EICHER MOTORS: Royal Enfield, the company's flagship product, showcased three custom-build motorcycles based on its yet-to-be-launched twin-cylinder platform, at Wheels and Waves motorcycling festival in France.
* HINDUSTAN UNILEVER: Has settled a dispute with three former executives it sued in March on charges of stealing critical data relating to recipe, ingredients and manufacture of several products.
* ICICI BANK: Board is likely to be recast with more independent directors expected to join in the coming weeks, led by a new chairman. Former Bank of Baroda chairman M.D. Mallya is being seen as the top contender for the role of nonexecutive chairman of the bank.
* IDEA CELLULAR: Has completed the roll out of voice over long-term evolution services across all its fourth-generation circles in Himachal Pradesh, Odisha, Assam, North East service area, and Jammu and Kashmir. The Department of Telecommunications has sought a legal opinion on whether it will be in contempt of court if it seeks arrears from the company that are sub judice.
* IIFL HOLDINGS: The company and its subsidiary IIFL Wealth Management approved allotment of 4.49 mln shares of IIFL Wealth Management at 1,661 rupees apiece to six financial investors.
* INDOSTAR CAPITAL FINANCE: Expects stronger performance this fiscal with a growth of more than 30% in disbursements and doubling of its assets under management.
* INFIBEAM INCORPORATION: Has informed the exchanges that reports on social media have incorrectly represented facts.
* INFOSYS: Has set up a services centre in Marseille, France, to provide digital support for its shipping and logistics clients. Is setting up a data marketplace where enterprises can harness their captive information and monetise it by connecting with companies looking for such insights.
* JAYPEE INFRATECH: Has urged the Insolvency and Bankruptcy Board of India to ensure that the basis of calculating voting share of homebuyers in the committee of creditors should be 'an aggregate of the principal amount paid to the real estate developer'.
* KANSAI NEROLAC PAINTS: Has entered into a share purchase agreement to acquire 55% stake of RAK Paints, Bangladesh for 458.10 mln rupees in cash.
* LANCO INFRATECH: The National Company Law Tribunal will on Jul 6 decide on the extension of the company insolvency resolution process beyond the 270-day deadline, a lawyer said.
* LARSEN & TOUBRO: Has opposed plan to give sub project to Mazagon Dock.
* MANAPPURAM FINANCE: The board will meet on Thursday to consider raising funds through issuances of nonconvertible redeemable debentures through private placement.
* MINDTREE: CEO Rostow Ravanan earned a compensation of over 26.9 mln rupees in FY18, double than what he earned the previous year, while chairman Krishnakumar Natarajan's compensation dipped to 26.2 mln rupees.
* NBCC (INDIA): Expects to get at least two land parcels of sick public sector undertakings to start building housing projects by end-FY19, said Chairman Anoop Kumar Mittal.
* OBEROI REALTY: Has raised 12 bln by sale of shares to institutional investors.
* POWER GRID CORP OF INDIA: Is planning to expand its footprint in areas like telecom infrastructure, overseas consultancy and transmission network for renewable energy.
* SADBHAV INFRASTRUCTURE PROJECT: Has signed a maintenance contract worth 550 mln rupees with Sadbhav Jodhpur Ring Road, a wholly-owned subsidiary of the company, for a section of Jodhpur Ring Road project in Rajasthan.
* SHARDA CROPCHEM: The board will meet on Monday to consider raising funds through equity shares, warrants, convertible securities, global depositary receipts or American depository receipts, among others.
* SHREYAS SHIPPING & LOGISTICS: The company said the loss due to fire on MV SSL Kolkata vessel is completely covered under insurance.
* TATA MOTORS: Subsidiary Jaguar Land Rover India has opened bookings for Range Rover SVAutobiography and Range Rover Sport SVR. Is aiming to save 19 bln rupees through cost reduction initiatives during 2018-19 (Apr-Mar).
* TATA POWER CO: Has sought the government's permission to sell the excess capacity above 80% of the plant load factor from its Mundra unit as spot power.
* UPL: A consortium including the company is in exclusive talks to acquire Platform Specialty Products' agricultural pesticides business, which could fetch more than $4 billion, including debt.
* WHEELS INDIA: The board of the company may consider bonus share issue on Friday.
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* BHARAT PETROLEUM CORP: Has signed agreements to give grants to four start-ups nurtured by the Kerala Start-up Mission at Technopark, Thiruvananthapuram under its 'Project Ankur' scheme.
* BLUE STAR: Plans to cut down import content in air-conditioners to survive trade barriers and rising cost of imports.
* CAPITAL FIRST: Has entered into a share subscription agreement to acquire 402,455 shares or 14.24% stake of Digikredit Finance, along with its promoter for 120 mln rupees.
* CIPLA: Has received a final approval from the US Food and Drug Administration for its abbreviated new drug application for Efavirenz tablets, a generic of Bristol-Myers Squibb Pharma Co's Sustiva, in 600 mg strength.
* EICHER MOTORS: Royal Enfield, the company's flagship product, showcased three custom-build motorcycles based on its yet-to-be-launched twin-cylinder platform, at Wheels and Waves motorcycling festival in France.
* HINDUSTAN UNILEVER: Has settled a dispute with three former executives it sued in March on charges of stealing critical data relating to recipe, ingredients and manufacture of several products.
* ICICI BANK: Board is likely to be recast with more independent directors expected to join in the coming weeks, led by a new chairman. Former Bank of Baroda chairman M.D. Mallya is being seen as the top contender for the role of nonexecutive chairman of the bank.
* IDEA CELLULAR: Has completed the roll out of voice over long-term evolution services across all its fourth-generation circles in Himachal Pradesh, Odisha, Assam, North East service area, and Jammu and Kashmir. The Department of Telecommunications has sought a legal opinion on whether it will be in contempt of court if it seeks arrears from the company that are sub judice.
* IIFL HOLDINGS: The company and its subsidiary IIFL Wealth Management approved allotment of 4.49 mln shares of IIFL Wealth Management at 1,661 rupees apiece to six financial investors.
* INDOSTAR CAPITAL FINANCE: Expects stronger performance this fiscal with a growth of more than 30% in disbursements and doubling of its assets under management.
* INFIBEAM INCORPORATION: Has informed the exchanges that reports on social media have incorrectly represented facts.
* INFOSYS: Has set up a services centre in Marseille, France, to provide digital support for its shipping and logistics clients. Is setting up a data marketplace where enterprises can harness their captive information and monetise it by connecting with companies looking for such insights.
* JAYPEE INFRATECH: Has urged the Insolvency and Bankruptcy Board of India to ensure that the basis of calculating voting share of homebuyers in the committee of creditors should be 'an aggregate of the principal amount paid to the real estate developer'.
* KANSAI NEROLAC PAINTS: Has entered into a share purchase agreement to acquire 55% stake of RAK Paints, Bangladesh for 458.10 mln rupees in cash.
* LANCO INFRATECH: The National Company Law Tribunal will on Jul 6 decide on the extension of the company insolvency resolution process beyond the 270-day deadline, a lawyer said.
* LARSEN & TOUBRO: Has opposed plan to give sub project to Mazagon Dock.
* MANAPPURAM FINANCE: The board will meet on Thursday to consider raising funds through issuances of nonconvertible redeemable debentures through private placement.
* MINDTREE: CEO Rostow Ravanan earned a compensation of over 26.9 mln rupees in FY18, double than what he earned the previous year, while chairman Krishnakumar Natarajan's compensation dipped to 26.2 mln rupees.
* NBCC (INDIA): Expects to get at least two land parcels of sick public sector undertakings to start building housing projects by end-FY19, said Chairman Anoop Kumar Mittal.
* OBEROI REALTY: Has raised 12 bln by sale of shares to institutional investors.
* POWER GRID CORP OF INDIA: Is planning to expand its footprint in areas like telecom infrastructure, overseas consultancy and transmission network for renewable energy.
* SADBHAV INFRASTRUCTURE PROJECT: Has signed a maintenance contract worth 550 mln rupees with Sadbhav Jodhpur Ring Road, a wholly-owned subsidiary of the company, for a section of Jodhpur Ring Road project in Rajasthan.
* SHARDA CROPCHEM: The board will meet on Monday to consider raising funds through equity shares, warrants, convertible securities, global depositary receipts or American depository receipts, among others.
* SHREYAS SHIPPING & LOGISTICS: The company said the loss due to fire on MV SSL Kolkata vessel is completely covered under insurance.
* TATA MOTORS: Subsidiary Jaguar Land Rover India has opened bookings for Range Rover SVAutobiography and Range Rover Sport SVR. Is aiming to save 19 bln rupees through cost reduction initiatives during 2018-19 (Apr-Mar).
* TATA POWER CO: Has sought the government's permission to sell the excess capacity above 80% of the plant load factor from its Mundra unit as spot power.
* UPL: A consortium including the company is in exclusive talks to acquire Platform Specialty Products' agricultural pesticides business, which could fetch more than $4 billion, including debt.
* WHEELS INDIA: The board of the company may consider bonus share issue on Friday.
