Today's Stock View – 17.01.2019
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: Adani group plans to enter the petrochemicals sector by setting up a facility in a joint venture with Germany's BASF Corp.
* ADF FOODS: Mentor Capital, Alpana Dangi, and Altura Capital Advisors LLP have acquired 422,928 shares or 2.11% stake in the company through open market on Tuesday.
* ASHOK LEYLAND: Expects to receive an order for supplying 45 electric buses to Europe in next three months, Karthick Athmanthan, the head of electric vehicles and eMobility solutions said.
* BAJAJ HINDUSTHAN SUGAR: Has commenced partial operations at its Kinauni distillery in Uttar Pradesh, after it was shutdown following a fire accident in May.
* BANK OF INDIA: Will raise 100.86 bln rupees through preferential allotment of 953.76 mln shares to the government at 105.75 rupees a share.
* BANK OF MAHARASHTRA: The Reserve Bank of India has imposed a 10-mln-rupee penalty on the bank for flouting its direction on fraud classification and reporting as well as know-your-customer norms.
* BHARAT PETROLEUM CORP: The Cabinet Committee on Economic Affairs approved the capacity expansion plan for Numaligarh refinery in Assam, promoted by the company, OIL INDIA and government of Assam, to 9 mtpa from the existing 3 mtpa at an estimated cost of 225.94 bln rupees.
* BHARATI DEFENCE AND INFRASTRUCTURE: The National Company Law Tribunal has issued liquidation order for the company after rejecting Edelweiss Asset Reconstruction Co's resolution plan.
* CIPLA: Got the US Food and Drug Administration's approval for generic of Lotronex tablet.
* EDELWEISS FINANCIAL SERVICES: Alternative invest fund has raised 92 bln rupees.
* HINDUSTAN UNILEVER: The Delhi High Court has stayed a demand of 4.62 bln rupees made on the company by the National Anti-profiteering Authority for allegedly not passing on gains from a lower goods and services tax to consumers.
* ICICI BANK: The Reserve Bank of India has approved the re-appointment of Vishakha Mulye as executive director for a period of two years--from Jan 19, 2019 to Jan 18, 2021.
* IDBI BANK: Board will meet on Monday to consider the buyback of Basel-II IPDI bonds worth 3.32 bln rupees and upper tier-II bonds worth 3.50 bln rupees, due on Mar 26 and Mar 31, respectively.
* IIFL HOLDINGS: Subsidiary India Infoline Finance plans to raise at least 2.5 bln rupees through a public issue of non-convertible debentures maturing in 39, 60, and 120 months.
* INDIAN BANK: Plans to raise at least 2 bln rupees through tier-II bonds maturing in 10 years, and has invited bids on Friday.
* INFOSYS: Has been awarded the contract for the income tax department's 'Integrated E-Filing and Centralised Processing Center 2.0 Project', Minister of Railways and Coal Piyush Goyal said.
* INTERGLOBE AVIATION: Wolfgang Prock-Schauer, chief operating officer of the company, refused to comment on reports that Qatar Airways is interested in acquiring stake in IndiGo which it owns. JET AIRWAYS INDIA: The resolution plan of the airline is under consideration by stakeholders and a decison on the same is yet to be finalised.
- Has been forced to defer the scheduled deliveries of some of its Boeing 737 MAX aircraft due to the payment arrears to its lessors.The company, partner Etihad Airways and banks have been holding talks on a rescue plan for Indian carrier, although they are yet to seek any regulatory approvals or exemptions.
* MARUTI SUZUKI INDIA: Will be cumulatively investing over 130-140 bln rupees in new products, technologies and expansion of plant capacity over the next couple of years.
* NHPC: Operations at the company's 231-MW Chamera-III power station in Himachal Pradesh were restored on Jan 11
. - The Union Cabinet approved regularising pay scales of below board-level executives in the company, SJVN, North East Electric Power Corp and THDC India with effect from Jan 1, 1997.
- Board will meet on Monday to consider the proposal to raise 20 bln rupees through the issue of debentures or bonds in one or more tranches on private placement basis from domestic market.
* NIIT TECHNOLOGIES: Baring Private Equity Asia is likely to acquire the company in a deal at 80-100 bln rupees.
* NTPC: Has received some surprise entries for its ash-utilisation contest with a top prize of 500,000 rupees, with interests from TATA POWER, Damodar Valley Corp and BERGER PAINTS.
* ONMOBILE GLOBAL: Has renewed its contract with Telefonica Moviles Espana, SAU (Telefonica) for another five years.
* PANASONIC ENERGY INDIA CO: The Competition Commission of India has said the company has indulged in cartelisation with Godrej & Boyce Manufacturing Co in the market for dry cell batteries. However, the competition panel has not levied any penalty on the company while granting it full immunity.
* RELIANCE INDUSTRIES: Plans to launch its 25-bln-rupee bonds issue in the next few days to repay its old loans and fund capital expenditure.
* SAGAR CEMENTS: Securities allotment committee has fixed the issue price for 3.1 mln convertible warrants at 730 rupees each.
* SREI INFRASTRUCTURE FINANCE: Wholly-owned subsidiary SREI Equipment Finance the board of directors will meet on Feb 1 to consider raising up to 250 bln rupees for public issue of non-convertible debentures in one or more tranches during 2019-20.
* STATE BANK OF INDIA: Has launched an overseas bond issue to raise at least $1 bln.
* TVS MOTOR CO: The TVS Group has initiated consultations aimed at a possible restructuring of ownership among the various members of the family that runs the $8-bln conglomerate.
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