Today's Stock News – 16.05.2019
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* ADANI GREEN ENERGY: The board has decided to seek approval of shareholder' to raise up to 50 bln rupees through issuance of securities.
* ALLCARGO LOGISTICS: Board will meet on May 22 to consider raising up to 1.95 bln rupees through nonconvertible debentures to be issued on a private placement basis. Will also consider raising up to 10 bln rupees
through secured or unsecured debentures or bonds.
* ASAHI INDIA GLASS: Over 200 permanent workers of the company have been on strike since Mar 25, seeking reinstatement of 28 employees who were terminated from work.
* AXIS BANK: Has sold 8.3 mln shares in India Grid Trust at 83.89 rupees apiece through a bulk deal on BSE.
* BSE: Launched a mobile application for mutual fund distributors on its BSE StAR MF platform.
* EDELWEISS FINANCIAL SERVICES: Has guided for muted growth in Apr-Sep, with "normalcy" returning in Oct-Mar, and added that it has already prepared for this phase of growth through equity raising by non-bank finance arm, ECL Finance.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: The company's share in the health food drinks market, in terms of value, fell by 170 basis points, the steepest in at least five years, during 2018-19 (Apr-Mar), even as rivals Mondelez and Abbott covered some ground.
* GREENLAM INDUSTRIES: Has acquired Europe-based supplier of decorative surfaces Decolan SA for an undisclosed amount.
* HOUSING AND URBAN DEVELOPMENT CORP: The National Company Law Appellate Tribunal has said it would examine whether the settlement between McDonald's former partner Vikram Bakshi and the
multinational food chain is permissible under law, in the light of the Debt Recovery Tribunal's order asking Bakshi to pay 1.95 bln rupees to the company.
* INTERGLOBE AVIATION: Serious differences have cropped up between the two founders of IndiGo that could end up affecting the airline's functioning if left unresolved. IndiGo will start six new domestic flights to and from Kolkata from Jul 20.
* JAMMU & KASHMIR BANK: The board of bank today approved raising equity capital up to 16 bln rupees.
* JET AIRWAYS INDIA: Top management of lesser-known Darwin Group, which was one of the unsolicited bidders for the airline, Wednesday met officials of SBI Caps to discuss its proposal. Is now close to losing its international flying rights as the ministry of civil aviation is set to allot its overseas routes to other carriers.
* LUPIN: The US Food and Drug Administration completed inspection of the company's Aurangabad manufacturing facility and made three observations. Delivering on the cost-saving measures identified and ensuring that all its facilities fully comply with regulatory guidelines are the top priorities for the company in 2019-20 (Apr-Mar), the company said in an investor presentation.
* MAHINDRA & MAHINDRA: Mahindra Partners, the investment arm of Mahindra Group, has invested 2.07 bln rupees in speciality eye care chain--Centre for Sight.
* MANAPPURAM FINANCE: The board has approved the management's proposal to explore entry into microinsurance to utilise the large base of Manappuram Group customers.
* MARUTI SUZUKI INDIA: Is likely to transport at least half of its cars through Indian Railways by 2030. Sales volume of electric vehicles is more important than subsidy for localisation of parts, and the automobile industry must find ways on how to generate demand across segments, MD and CEO Kenichi Ayukawa said.
* NAVA BHARAT VENTURES: The company's Zambai-based subsidiary--Maamba Collieries Ltd--has realised over 70% payments, due from ZESCO Ltd.
* PIRAMAL ENTERPRISES: The Securities Appellate Tribunal on Wednesday dropped Securities and Exchange Board of India's insider-trading charge and penalty against the company and its promoters Ajay and Swati Piramal and their daughter Nandini Piramal.
* SKF INDIA: The board has approved the appointment of Anurag Bhagania as chief financial officer, effective Jun 1, and Gopal Subramanyam as an additional independent director for five years from May 16.
* STATE BANK OF INDIA: Ola has launched a credit card in partnership with the bank and Visa.
-Has offloaded its 9.29-bln-rupee exposure in Indian Steel Corp to India Resurgence ARC, an equal
joint venture between PIRAMAL ENTERPRISES and Bain Capital Credit, to recover 3.62-bln-rupee cash.
* TATA GLOBAL BEVERAGES: The Tata group will bring together its food and beverages operations by demerging the consumer products business of TATA CHEMICALS and merging it with the company.
* TATA MOTORS: Citigroup Global Markets has dropped the company, SHRIRAM TRANSPORT FINANCE CO, INDUSIND BANK, and SUN TV NETWORK from its model portfolio.
-Spreads on credit default swaps of the company and Vedanta Resources have widened from their
three-month average, contrary to the fall in spreads of the same instrument of other Indian companies, indicating that investors are getting nervous about the two Indian conglomerates.
* TATA STEEL: Moody's Investors Service has reaffirmed its stable outlook and Ba2 corporate family rating for the company and its UK-based arm Tata Steel UK Holdings even after the company scrapped its plan for a joint venture in Europe.
* TORRENT POWER: The board approved raising up to 15 bln rupees via non-convertible debentures.
* UNION BANK OF INDIA: Board today approved capital raising plan 2019-20 (Apr-Mar). Reserve Bank of India has pulled up the lender for under-reporting its gross non-performing assets and provisioning for bad loans in 2017-18 (Apr-Mar).
* VARROC ENGINEERING: Is in advanced talks with SINTEX PLASTIC TECHNOLOGY to acquire the latter's domestic automotive custom moulding business.
* VEDANTA: Has raised the prices of aluminium ingots by nearly 2%. The company has raised prices after cutting them three times in a row.
* ZEE ENTERTAINMENT ENTERPRISES: Clarified that no one from its board of directors had resigned and that rumours related to the resignation of a director were "completely baseless".
* ZUARI AGRO CHEMICALS: The company has shut one of its granulation plants upon evaluating market conditions and inventory position.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls
