Today Stock News – 11.09.2018
* ALLAHABAD BANK: Brickwork Ratings has downgraded the bank's Basel-III compliant tier-II bonds to A+ from AA-, citing volatility in the bank's earnings and low operating profit over the last two quarters.
* AUROBINDO PHARMA: As many as 13 special economic zone developers and units including G.P. Realtors, JBF Petrochemicals and the company have sought more time from the commerce ministry to implement their projects.
* BALRAMPUR CHINI MILLS: Morgan Stanley France SAS has sold 1.48 mln shares or 0.63% stake in the company at 78.32 rupees apiece on the National Stock Exchange.
* BANK OF INDIA: Has decided to recall its upper Tier-II bonds issued in October 2008 worth 5 bln rupees.
* BHARTI AIRTEL: Has upgraded its mobile network in Tamil Nadu to enable a superior voice experience for 4G smartphone users.
* BSE: The company, along with PTC INDIA and ICICI BANK, has filed a petition with power regulator Central Electricity Regulatory Commission for grant of licence for setting up a new power exchange.
* CAMLIN FINE SCIENCES: The securities issue and allotment committee may meet on or after Friday to consider raising up to $15 mln through issuance of foreign currency convertible bonds to International Finance Corp.
* CONTAINER CORP OF INDIA: The company and Central Warehousing Corp have entered into a pact to form a joint working group to operate the container freight station facility of Central Warehousing Corp at Pipavav Port, Gujarat.
* EROS INTERNATIONAL MEDIA: Eros International PLC has partnered with China streaming service iQiyi to provide Indian movies such as "Dabangg" and "Devdas" in the country.
* HATHWAY CABLE & DATACOM: To provide internet speed of 300 mbps and 2 terabyte of data download in Chennai.
* HINDUSTAN UNILEVER: A Jaipur-based dealer of the company's products has turned out to be the first business in India to have been held guilty of not passing on the benefit of reduced tax incidence to consumers in the goods and services tax regime.
* ICICI BANK: As the inspection progresses into six companies linked to the bank's controversy, the Corporate Affairs Ministry will question Deepak Kochhar, husband of the bank's chief Chanda Kochhar, later this month.
* INDIAN HUME PIPE CO: Has signed a memorandum of understanding with Kalpataru Gardens to develop its land at Vadgaon, Pune.
* JAIPRAKASH ASSOCIATES: According to an order passed by the National Company Law Tribunal in Allahabad, ICICI BANK has filed an insolvency case against the company.
* KAVERI SEED CO: Pabrai Investment Funds has acquired an additional 2.14% stake, or 1.42 mln shares, in the company through open market.
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* AUROBINDO PHARMA: As many as 13 special economic zone developers and units including G.P. Realtors, JBF Petrochemicals and the company have sought more time from the commerce ministry to implement their projects.
* BALRAMPUR CHINI MILLS: Morgan Stanley France SAS has sold 1.48 mln shares or 0.63% stake in the company at 78.32 rupees apiece on the National Stock Exchange.
* BANK OF INDIA: Has decided to recall its upper Tier-II bonds issued in October 2008 worth 5 bln rupees.
* BHARTI AIRTEL: Has upgraded its mobile network in Tamil Nadu to enable a superior voice experience for 4G smartphone users.
* BSE: The company, along with PTC INDIA and ICICI BANK, has filed a petition with power regulator Central Electricity Regulatory Commission for grant of licence for setting up a new power exchange.
* CAMLIN FINE SCIENCES: The securities issue and allotment committee may meet on or after Friday to consider raising up to $15 mln through issuance of foreign currency convertible bonds to International Finance Corp.
* CONTAINER CORP OF INDIA: The company and Central Warehousing Corp have entered into a pact to form a joint working group to operate the container freight station facility of Central Warehousing Corp at Pipavav Port, Gujarat.
* EROS INTERNATIONAL MEDIA: Eros International PLC has partnered with China streaming service iQiyi to provide Indian movies such as "Dabangg" and "Devdas" in the country.
* HATHWAY CABLE & DATACOM: To provide internet speed of 300 mbps and 2 terabyte of data download in Chennai.
* HINDUSTAN UNILEVER: A Jaipur-based dealer of the company's products has turned out to be the first business in India to have been held guilty of not passing on the benefit of reduced tax incidence to consumers in the goods and services tax regime.
* ICICI BANK: As the inspection progresses into six companies linked to the bank's controversy, the Corporate Affairs Ministry will question Deepak Kochhar, husband of the bank's chief Chanda Kochhar, later this month.
* INDIAN HUME PIPE CO: Has signed a memorandum of understanding with Kalpataru Gardens to develop its land at Vadgaon, Pune.
* JAIPRAKASH ASSOCIATES: According to an order passed by the National Company Law Tribunal in Allahabad, ICICI BANK has filed an insolvency case against the company.
* KAVERI SEED CO: Pabrai Investment Funds has acquired an additional 2.14% stake, or 1.42 mln shares, in the company through open market.
