Today's Stock View – 01.01.2019
* ALLAHABAD BANK: Will hike its marginal cost of funds-based lending rates by 10 basis points across tenures, from Tuesday. Has tied up with SBI Life Insurance to sell the policies of the insurer from over 3,200 branches.
* AXIS BANK: Managing Director and Chief Executive Officer Shikha Sharma has retired, effective Dec 31.
* BASF INDIA: Has completed transfer of its pigments business to BASF Colors & Effects India and received total consideration of 190 mln rupees.
* CREDITACCESS GRAMEEN: Completed a direct assignment transaction of 2.78 bln rupees, and a securitisation transaction of 1.11 bln rupees.
* FORTIS HEALTHCARE: The board has approved the appointment of BSR & Co LLP as the company's statutory auditors, effective Monday. Board has also approved the extension of a purchase agreement with RHT Health Trust to Mar 26. Has appointed Shirish Moreshwar Apte as vice-chairman of the company.
* GOA CARBON: Maintenance work at the company's unit in Paradeep, Odisha, has been completed and normal production is likely to resume on Tuesday.
* HERO MOTOCORP: Plans to step up its focus on scooters having ceded ground to rival Honda Motorcycle and Scooters India.
* HINDUSTAN FOODS: Has started commercial production at its unit in Coimbatore, Tamil Nadu.
* HOUSING DEVELOPMENT FINANCE CORP: Will increase its retail prime lending rate by 10 basis points to 16.85%, effective Tuesday.
* IL&FS TRANSPORTATION NETWORKS: Has defaulted on interest payment of 209.77 mln rupees towards non-convertible debentures, due between Saturday and Monday.
* ITD CEMENTATION INDIA: Has been signed up to give a leg up to the granite-sourcing issues niggling Adani Vizhinjam Port.
* JMC PROJECTS (INDIA): Has received orders totalling 5.96 bln rupees. The orders include civil works for residential and commercial projects in South India for 4.34 bln rupees, and civil works for a steel plant in Odisha for 1.62 bln rupees.
* KEC INTERNATIONAL: ADANI TRANSMISSION's acquisition of the company-owned special purpose vehicle KEC Bikaner Sikar Transmission has been deferred to Jan 31 from Dec 31.
* LUPIN: Has received an approval from the US Food and Drug Administration to market its Clobazam Oral Suspension, a generic of Lundbeck Pharmaceuticals, LLC's Onfi Oral Suspension with 2.5 mg/ml strength.
* PREMIER: Has entered into an agreement with Runwal Realty for the sale of its property at Chinchwad, Pune.
* RELIANCE INDUSTRIES: Has raised 55 bln rupees through a private placement of non-convertible debentures.
* SHILPA MEDICARE: Has received approval from the US Food and Drug Administration for irinotecan hydrochloride injection.
* SHRIRAM TRANSPORT FINANCE: Has raised 5.5 bln rupees through the issue of subordinated bonds, maturing on Dec 27, 2024, at a coupon rate of 10.25%.
* TECH MAHINDRA: The Hyderabad High Court Monday set aside an Enforcement Directorate order provisionally attaching fixed deposits worth 8.22 bln rupees belonging to the company.
* UNION BANK OF INDIA: The board will meet on Thursday to consider and approve fund raising through employee share purchase scheme.
* VIJAYA BANK: A meeting of the board to consider issue of shares to employees has been rescheduled to Wednesday from Tuesday.
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