Today's Stock News – 06.12.2018
* AUROBINDO PHARMA: Has been named in a class action lawsuit in the US for alleged contamination of its irbesartan active ingredient used in treatment of high blood pressure.
* AVENUE SUPERMARTS: Has raised 1 bln rupees through commercial papers.
* BAJAJ FINANCE: Has raised 350 mln rupees through the issue of non-convertible debentures maturing on May 5, 2022.
* BANK OF BARODA: Has kept its marginal cost of funds-based lending rates across tenures unchanged for December.
* BHARAT HEAVY ELECTRICALS: Its share buyback offer worth 16.28 bln rupees would open on Dec 13.
* CASTEX TECHNOLOGIES: The committee of creditors has decided to withdraw its approval to the resolution plan submitted by Liberty House Group for the company.
* FUTURE CONSUMER: Could be the silent engine that Kishore Biyani, chief executive officer of Future Group, hopes will power his business in the coming years.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Two days after the $3.8 bln Unilever-
GlaxoSmithKline deal was announced, the two sides are said to be forming teams to decide on the "integration or separation" of the company's 3,800 employees.
* GRUH FINANCE: Has likely set a coupon of 9.35% on bonds maturing on Oct 31, 2023, and has accepted bids worth 2.65 bln rupees, sources told.
* HOUSING AND URBAN DEVELOPMENT CORP: Is likely to raise at least 3 bln rupees through bonds maturing on Apr 11, 2022, and has invited bids on Friday.
* ICICI BANK: Economic Adviser Lalit Kumar Chandel has been appointed as government nominee director on the board of the bank in place of Lok Ranjan from Tuesday. The board of the bank will meet on Monday to consider raising funds through issuance of senior secured long-term bonds or Basel III-compliant unsecured subordinated perpetual additional tier-I bonds in tranches, on a private placement basis.
* INOX LEISURE: Has launched its first cinema light emitting diode screen in the country at its property in Malad, Mumbai.
* JET AIRWAYS INDIA: Directorate General of Civil Aviation has approved the flight schedule of the airline for the next five months. Promoters of the company are close to striking a deal with a consortium of their lenders, led by STATE BANK OF INDIA, to get the troubled firm out of financial stress. The company and second largest shareholder Etihad Airways have been holding rescue talks with bankers of the debt-laden Indian carrier.
* LEMON TREE HOTELS: Has opened a 201-room hotel, Lemon Tree Premier, in Pune, its second owned hotel in the city.
* LIC HOUSING FINANCE: Has invited bids on Friday for 10-year bonds with plans to raise at least 4 bln rupees.
* MAHINDRA & MAHINDRA: Total vehicle production in November was down 9.9% at 39,278 units, against 43,586 units in the year-ago period.
* NESTLE INDIA: Will pay an interim dividend of 50 rupees per share. The company's instant noodle brand Maggi's advertising account has moved out of Publicis India, thus bringing to an end an over-15-year relationship with the advertisement agency.
* NOVARTIS INDIA: Managing Director Milan Paleja has decided to step down from the company with effect form May 31.
* OIL & NATURAL GAS CORP: Subsidiary ONGC Videsh has received $32 mln from Petroleos de
Venezuela S.A., or PDVSA, as part payment of outstanding dividend that the Venezuelan company owes the Indian upstream player, ONGC Videsh's Managing Director N.K. Verma said.
* POWER GRID CORP OF INDIA: The company and ADANI TRANSMISSION have received letter of intent for two separate power transmission projects from the Uttar Pradesh government.
* REC: The Union Cabinet is likely to today discuss a proposal from the Department of Investment and Public Asset Management on Power Finance Corp buying the government's stake in the company.
* SAGAR CEMENTS: Board has approved an investment of 1.50 bln rupees for 65% stake in Satguru Cement to set up a greenfield cement manufacturing plant of 1 mln tn capacity in Indore, Madhya Pradesh, along with a waste-heat recovery power plant at a total cost of 4.26 bln rupees.
-The board has approved phased investment of 1.08 bln rupees to acquire the entire stake in Jajpur Cements to set up a greenfield grinding unit of 1.5 mln tn capacity in Jajpur, Odisha, at a total cost of 3.08 bln rupees.
* TATA COMMUNICATIONS: Has collaborated with UROS group to help deploy smart-city and internetof- things solutions across commercial and public sector organisations globally.
* TATA MOTORS: Subsidiary Jaguar Land Rover Automotive sold 9,055 units in the UK in November as against 8,895 units in the year-ago period, registering a growth of mere 2%.
* TRIGYN TECHNOLOGIES: Wholly-owned subsidiary Trigyn Technologies Inc will invest $1.1 mln in New York-based WhizAI.
* TVS SRICHAKRA: Has planned a capital expenditure of 1.50 bln rupees for the current fiscal to increase production capacity as the leading two- and three-wheeler tyre maker gathers growth momentum in domestic and export markets.
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* AVENUE SUPERMARTS: Has raised 1 bln rupees through commercial papers.
* BAJAJ FINANCE: Has raised 350 mln rupees through the issue of non-convertible debentures maturing on May 5, 2022.
* BANK OF BARODA: Has kept its marginal cost of funds-based lending rates across tenures unchanged for December.
* BHARAT HEAVY ELECTRICALS: Its share buyback offer worth 16.28 bln rupees would open on Dec 13.
* CASTEX TECHNOLOGIES: The committee of creditors has decided to withdraw its approval to the resolution plan submitted by Liberty House Group for the company.
* FUTURE CONSUMER: Could be the silent engine that Kishore Biyani, chief executive officer of Future Group, hopes will power his business in the coming years.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Two days after the $3.8 bln Unilever-
GlaxoSmithKline deal was announced, the two sides are said to be forming teams to decide on the "integration or separation" of the company's 3,800 employees.
* GRUH FINANCE: Has likely set a coupon of 9.35% on bonds maturing on Oct 31, 2023, and has accepted bids worth 2.65 bln rupees, sources told.
* HOUSING AND URBAN DEVELOPMENT CORP: Is likely to raise at least 3 bln rupees through bonds maturing on Apr 11, 2022, and has invited bids on Friday.
* ICICI BANK: Economic Adviser Lalit Kumar Chandel has been appointed as government nominee director on the board of the bank in place of Lok Ranjan from Tuesday. The board of the bank will meet on Monday to consider raising funds through issuance of senior secured long-term bonds or Basel III-compliant unsecured subordinated perpetual additional tier-I bonds in tranches, on a private placement basis.
* INOX LEISURE: Has launched its first cinema light emitting diode screen in the country at its property in Malad, Mumbai.
* JET AIRWAYS INDIA: Directorate General of Civil Aviation has approved the flight schedule of the airline for the next five months. Promoters of the company are close to striking a deal with a consortium of their lenders, led by STATE BANK OF INDIA, to get the troubled firm out of financial stress. The company and second largest shareholder Etihad Airways have been holding rescue talks with bankers of the debt-laden Indian carrier.
* LEMON TREE HOTELS: Has opened a 201-room hotel, Lemon Tree Premier, in Pune, its second owned hotel in the city.
* LIC HOUSING FINANCE: Has invited bids on Friday for 10-year bonds with plans to raise at least 4 bln rupees.
* MAHINDRA & MAHINDRA: Total vehicle production in November was down 9.9% at 39,278 units, against 43,586 units in the year-ago period.
* NESTLE INDIA: Will pay an interim dividend of 50 rupees per share. The company's instant noodle brand Maggi's advertising account has moved out of Publicis India, thus bringing to an end an over-15-year relationship with the advertisement agency.
* NOVARTIS INDIA: Managing Director Milan Paleja has decided to step down from the company with effect form May 31.
* OIL & NATURAL GAS CORP: Subsidiary ONGC Videsh has received $32 mln from Petroleos de
Venezuela S.A., or PDVSA, as part payment of outstanding dividend that the Venezuelan company owes the Indian upstream player, ONGC Videsh's Managing Director N.K. Verma said.
* POWER GRID CORP OF INDIA: The company and ADANI TRANSMISSION have received letter of intent for two separate power transmission projects from the Uttar Pradesh government.
* REC: The Union Cabinet is likely to today discuss a proposal from the Department of Investment and Public Asset Management on Power Finance Corp buying the government's stake in the company.
* SAGAR CEMENTS: Board has approved an investment of 1.50 bln rupees for 65% stake in Satguru Cement to set up a greenfield cement manufacturing plant of 1 mln tn capacity in Indore, Madhya Pradesh, along with a waste-heat recovery power plant at a total cost of 4.26 bln rupees.
-The board has approved phased investment of 1.08 bln rupees to acquire the entire stake in Jajpur Cements to set up a greenfield grinding unit of 1.5 mln tn capacity in Jajpur, Odisha, at a total cost of 3.08 bln rupees.
* TATA COMMUNICATIONS: Has collaborated with UROS group to help deploy smart-city and internetof- things solutions across commercial and public sector organisations globally.
* TATA MOTORS: Subsidiary Jaguar Land Rover Automotive sold 9,055 units in the UK in November as against 8,895 units in the year-ago period, registering a growth of mere 2%.
* TRIGYN TECHNOLOGIES: Wholly-owned subsidiary Trigyn Technologies Inc will invest $1.1 mln in New York-based WhizAI.
* TVS SRICHAKRA: Has planned a capital expenditure of 1.50 bln rupees for the current fiscal to increase production capacity as the leading two- and three-wheeler tyre maker gathers growth momentum in domestic and export markets.
