Today's Stock News - 18.10.2019: 09.00 Am
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* ADANI ENTERPRISES: The company has incorporated a wholly-owned subsidiary, Adani Metro Transport, which will undertake building and construction of metro rail, mono rail and rapid rail transit system.
* ADANI PORTS AND SPECIAL ECONOMIC ZONE: The National Company Law Appellate Tribunal gave its go ahead to National Company Law Tribunal Mumbai to decide on the company's bid for Dighi Port.
* ALICON CASTALLOY: The company has been awarded multi-year contracts of 8.1 bln rupees with two leading global automakers and two tier-1 global suppliers.
* ARVIND FASHIONS: The company's board will meet on Oct 23 to consider the proposal of fund-raising through a rights issue, qualified institutional placement, preferential allotment or any other mode permitted under applicable law.
* AUROBINDO PHARMA: Has received approval from the US Food and Drug Administration for Naloxone hydrochloride injection. * COAL INDIA: Has commissioned a 44-km long railway track in Chhattisgarh, under East Rail Corridor, which has furthered its daily despatching capability to Maharashtra and Gujarat.
* DEWAN HOUSING FINANCE CORP: Kotak Mahindra Asset Management Co and Axis Asset Management Co on Thursday moved the Bombay High Court against the company for recovery of their dues.
* EICHER MOTORS: VE Commercial Vehicles, a joint venture between the Volvo Group and the company, is upbeat on the company's prospects in the Bharat Stage-VI era as it goes ahead with planned investments in a new plant and products amid an unprecedented slowdown in the commercial vehicle industry.
* FDC: Will acquire tradermark 'Enteroplus' from GLAXOSMITHKLINE PHARMACEUTICALS.
* HINDUSTAN UNILEVER: Said the trade--especially wholesale and smaller retailers--is facing an acute liquidity crunch, a key reason why rural markets expanded at a lower rate than urban ones for the first time in seven years. * HOUSING DEVELOPMENT & INFRASTRUCTURE: Has appointed property consultant Knight Frank to evaluate 40 properties estimated to be worth about 80 bln rupees.
* INDIABULLS HOUSING FINANCE: The company's board will consider fund-raising through issue of secured or unsecured bonds, in one or more tranches, on Nov 6. - Bonds issued by the company were on Thursday sold at a steep discount on the over-the-counter trade a day after CRISIL cut the lender's rating outlook to 'negative'. - Has offered premature redemption of the company's non-convertible debentures maturing in November and December at par.
* INFOSYS: The company's banking platform Infosys Finacle and Efma have, in a report, said only 17% of retail banks have deployed digital at scale.
* INOX WIND: Has declared an indefinite lockout at its plant at Rohika in Ahmedabad, Gujarat, from Tuesday, blaming its workers and the situation in the wind power market.
* INTERGLOBE AVIATION: The simmering feud between IndiGo's founders has now reached the US courts with co-founder Rahul Bhatia seeking a legal order from a Maryland court to retrieve correspondence from IndiGo independent director Anupam Khanna.
* JAYPEE INFRATECH: The Supreme Court has said it would first hear on Tuesday the appeal of Jaypee Group against the NCLAT order that barred it from participating in the auction of its group company, JAYPEE INFRATECH. The bench would deal later with the revised proposal of state-owned NBCC to complete the stalled projects of debt-laden Jaypee Group.
* K.P.R. MILL: The Securities and Exchange Board of India has asked the company to proceed with its proposed buyback offer. * LARSEN & TOUBRO INFOTECH: Has signed a definitive agreement after the board approved acquisition of PowerupCloud Technologies for an enterprise value of $15 mln, to be paid as a combination of upfront and earn-out over three years.
* NTPC: Plans to raise $100 mln from international markets to finance its capital expenditure.
* OIL & NATURAL GAS CORP: Private players may be brought in to boost production at 66 small oil and gas fields by the company and OIL INDIA by the end of this financial year.
* POWER FINANCE CORP: The centre is considering a proposal to extend a special loan from the company to major defaulter states including Tamil Nadu, Uttar Pradesh, Rajasthan, Andhra Pradesh, Telangana, Maharashtra and Haryana, in a bid to clear outstanding dues to private power producers.
* POWER GRID CORP OF INDIA: The company has acquired POWER FINANCE CORP's arm PFC Consulting special purpose vehicle Bhuj-II Transmission for 172.9 mln rupees. Plans to raise at least 9.99 bln rupees through its bonds maturing in 15 years, and invited bids on Tuesday.
* RELIANCE CAPITAL: Axis Trustee Services sold 0.9% stake or 1.3 mln shares in the company at 12.71 rupees per share via bulk deal on the National Stock Exchange. Has delayed in payment of non-convertible debentures, due on Wednesday and Thursday.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm won't be able to charge customers for home broadband services for at least another month as it is migrating to an integrated billing system that is yet to stabilise, a scenario that could potentially delay monetisation of JioFiber services.
* SHEMAROO ENTERTAINMENT: The board of the company has approved raising 2.5 bln rupees in one or more tranches, by issuing equity or preference shares or any other instruments or security, including fully or partly convertible debentures, or by way of a composite issue of non-convertible debentures and warrants.
* SPICEJET: A Kabul-bound flight of the company from New Delhi was intercepted by the Pakistan Air Force's F-16 fighter jets in September as per officials of the Directorate General of Civil Aviation.
* TATA MOTORS: Tata Motors Finance, the vehicle financing arm of the company, plans to raise up to $1 bln from international markets by way of issuing non-convertible debentures.
* UNITED BREWERIES: The company has signed a contract to import around 50,000 tn of barley from Argentina at $200-$201 per tn, cost and freight.
* VEDANTA: Has cut the prices of its ingots by up to 2% with effect from Tuesday.
* VENUS REMEDIES: Has sold its patented drug Elores to CIPLA for the Indian market.
* ZEE MEDIA: EQ India Fund bought 0.6% or 3 mln shares stake in the company at 5.39 rupees per share through a bulk deal on the National Stock Exchange.
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