Today's Stock News - 16.10.2019: 09.00 Am
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* ARSS INFRASTRUCTURE PROJECTS: The company's joint venture ARSS-SCPL has bagged an order worth 504 mln rupees from RAIL VIKAS NIGAM to construct a railway line connecting Rayagada and Jimidipeta on the Waltair division of east coast railway in Odisha.
* AU SMALL FINANCE BANK: The bank and Altico Capital have proposed settlement terms in the Bombay High Court. The court has directed both parties to file signed consent terms by today.
* BAJAJ CONSUMER CARE: Promoter Bajaj Resources has sold 21.86% stake or 32.3 mln shares in the company through a bulk deal on BSE at 194.56 rupees a share.
* BANK OF MAHARASHTRA: Has lodged a complaint with Pune police and cyber cell against the
circulation of fake news and spreading of rumours about its financial health on WhatsApp, a news site and other social media platforms.
* CG POWER AND INDUSTRIAL SOLUTIONS: Banks plan to restructure 40 bln rupees of loans given to the company, including an easier moratorium on repayments and standstill arrangements to pay past loans, in a bid to keep the company's operations going.
* COX & KINGS: Anil Khandelwal has resigned as chief financial officer of the company effective Monday due to personal reasons.
* DALMIA BHARAT: The company clarified that arm Calcom Cement has not defaulted on any of its payment obligations towards GuarantCo and that the latter is being repaid as agreed upon, along with interest liability.
* DELTA CORP: Expects to do better in the Oct-Mar period on likely improvement in economy. The
company expects 20-25% growth in online gaming revenue this financial year, and the Jul-Sep revenue of 2 bln rupees from its main offshore casino business to be a new base to grow on.
* ENTERTAINMENT NETWORK INDIA: The company has terminated its strategic brand and content licence agreement with Adline Media FZ LLC, Dubai, because it is economically unviable to support the operating costs of the radio station.
* GAIL (INDIA): The Union Cabinet may by next month consider a proposal to hive off the company's pipeline business into a separate entity, but its sale to a strategic investor may not happen before 2022.
* HINDALCO INDUSTRIES: Has cut prices of aluminium ingots, billets and wire rods by nearly 1%. The new prices will come into effect from Saturday.
* HINDUSTAN AERONAUTICS: Management has backed the offer it had made to workers, saying that it was not unfair.
* HINDUSTAN PETROLEUM CORP: HPCL-Mittal Energy, a joint venture between the company and Singapore-based Mittal Energy Investment, raised $300 mln on Tuesday by selling bonds to offshore investors.
* INDIAN OIL CORP: The company, BHARAT PETROLEUM CORP, and HINDUSTAN PETROLEUM CORP are negotiating actively with Air India about the carrier's pending payments for aviation turbine fuel, said Sandeep Kumar Gupta, Indian Oil's director (finance).
* INTERGLOBE AVIATION: Hit by the ongoing anti-China protests, IndiGo said it will suspend its flights on the Kolkata-Hong Kong route from Nov 6.
* INTERNATIONAL PAPER APPM: WEST COAST PAPER MILLS on Friday acquired 6.84 mln shares or 17.2% stake in the company via open offer to public shareholders.
* IRB INFRASTRUCTURE DEVELOPERS: The Adani Group and the Reliance Group are competing with a consortium of the company and Government of Singapore Investment Corp for the toll operation rights to the Mumbai-Pune Expressway.
* JSW STEEL: JSW Group promoter Sajjan Jindal has repaid 12 bln rupees of loans raised by pledging shares of the company and JSW ENERGY.
* OIL AND NATURAL GAS CORP: The company's wholly-owned subsidiary, ONGC Videsh, has
discovered oil in two of its onshore exploration blocks in Colombia and Brazil.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Raised 1.04 bln rupees through non-convertible market-linked debentures maturing on Dec 2, 2020.
* MULTI COMMODITY EXCHANGE OF INDIA: The company's board has accepted the resignation of Sanjay Wadhwa as chief financial officer.
* NBCC (INDIA): The company has secured orders totalling 8.52 bln rupees in September, compared with 3.54 bln rupees in the year-ago period.
* OMAXE: Is in advanced talks with private equity firms to raise over 4 bln rupees for its commercial project spread across 4.5 acres in Delhi's Chandni Chowk.
* PRIME FOCUS: Subsidiary DNEG has received approval from the UK Financial Conduct Authority for initial public offering of its ordinary shares on the London Stock Exchange.
* RELIANCE CAPITAL: Polunin Developing Countries Fund LLC sold 1.6 mln shares or 0.6% stake in the company at 14.98 rupees a share through a bulk deal on the National Stock Exchange.
-Has delayed in payment of non-convertible debentures due on Monday.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm, in a letter to the Telecom Regulatory Authority of India, has termed the authority's decision to release a consultation paper to review the sunset date of Jan 1 for interconnect usage charge as a 'retrograde step'.
Has re-started crude imports from sanction-hit Venezuela after a four-month gap, using its diesel exports to the Latin American nation to settle the crude purchase bill.
* STERLING AND WILSON SOLAR: Subsidiary Sterling & Wilson Solar Australia has bagged an
engineering, procurement construction contract worth A$220.83 mln (around 10.67 bln rupees) to set up a 200-MW direct current solar farm in Australia.
* YES BANK: Is upbeat about its application programme interface banking platform and blockchain
initiatives as part of its transaction banking services.
* ZEE ENTERTAINMENT ENTERPRISES: Will invest heavily in regional markets, where it sees a 70-90% growth potential.
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