Daily Stock News Today – 24.08.2017
* ADANI TRANSMISSION: Is gearing up to raise fresh equity capital of around 30 bln rupees through a qualified institutional placement.
* ALEMBIC PHARMACEUTICALS: Has sold its formulations manufacturing facility located in Baddi, Himachal Pradesh, on a slump-sale basis to Scott Edil Pharmacia.
* BRITANNIA INDUSTRIES: Plans to invest 1 bln rupees for refurbishing its creams portfolio where it has brands like Treat, Bourbon and Pure Magic.
* CASTROL INDIA: Posted a 33% on-year fall in net profit for Apr-Jun at 1.4 bln rupees. Revenue from operations was down 9.6% at 10.1 bln rupees. The board has recommended paying 4.5 rupees per share interim dividend.
* DISH TV INDIA: Has urged the Board of Control for Cricket in India to take steps to curb monopoly by any one player in cricket broadcasting in India.
* FORTIS HEALTHCARE: Promoters Malvinder Singh and Shivinder Singh have approached the Supreme Court asking for permission to sell their shares already pledged to banks and financial institutions to reduce debt.
* GREENPLY INDUSTRIES: Has entered into a marketing tie-up with US-based Aristech Surfaces to distribute acrylic solid surface sheets in India.
* HINDALCO INDUSTRIES: Higher economic activities in the current financial year will drive the demand for aluminium, with the power sector likely to be a major demand driver, the company said in its annual report.
* INFOSYS: The Securities and Exchange Board of India will conduct a fresh probe into corporate governance complaints against the company in connection with the Panaya acquisition.
* JAGRAN PRAKASHAN: The Supreme Court has lifted the Allahabad High Court's stay on merger and de-merger schemes involving the company and its subsidiaries.
* JET AIRWAYS: Is in partnership with US-based hospitality service provider Airbnb to increase the option of lodging and boarding for its customers.
* LARSEN & TOUBRO: Schneider Electric and Eaton have emerged as the top contenders to acquire the group's electric and automation division for 150-170 bln rupees.
* LUPIN: Has launched Quetiapine Fumarate extended-release tablets with 50-mg, 150-mg, 200-mg, 300-mg and 400- mg strengths.
* NCC: Has bagged its second contract for the Pune Metro Rail project and will soon start construction work on the second metro corridor.
* PFIZER: Has received a patent in India for its pneumonia vaccine Prevenar 13, which the company had launched in the country in 2010, despite stiff opposition from health group Medecins Sans Frontieres.
* PROCTER & GAMBLE HYGIENE & HEALTH CARE: Posted a 28.65% on-year fall in net profit to 780.4 mln rupees in Apr-Jun. Revenue from operations fell 5.8% to 5.3 bln rupees.
* RELIANCE COMMUNICATIONS: To offer unlimited calls and 1 GB data per day for 28 days at 349 rupees to customers on the global system for mobile communications platform.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm will start bookings for recently-launched 4G feature phone from 1700 IST today.
* SHOPPERS STOP: Has decided to exit the joint venture with Swiss major Nuance Group for duty-free airport stores.
* STATE BANK OF INDIA: It has become difficult to carry out fresh lending in the presence of regulator scrutiny and the large quantum of corporate bad loans, Chairman Arundhati Bhattacharya said.
* TATA TELESERVICES MAHARASHTRA: Has given a clean chit to Chennai-based entrepreneur, C. Sivasankaran, saying the allegations by Cyrus Mistry that undue favours worth 6 bln rupees were given to him were untrue.
* VIPUL LTD: Plans to raise 1.5 bln rupees through the issuance of zero-coupon non-convertible debentures maturing in 54 months.
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* ADANI TRANSMISSION: Is gearing up to raise fresh equity capital of around 30 bln rupees through a qualified institutional placement.
* ALEMBIC PHARMACEUTICALS: Has sold its formulations manufacturing facility located in Baddi, Himachal Pradesh, on a slump-sale basis to Scott Edil Pharmacia.
* BRITANNIA INDUSTRIES: Plans to invest 1 bln rupees for refurbishing its creams portfolio where it has brands like Treat, Bourbon and Pure Magic.
* CASTROL INDIA: Posted a 33% on-year fall in net profit for Apr-Jun at 1.4 bln rupees. Revenue from operations was down 9.6% at 10.1 bln rupees. The board has recommended paying 4.5 rupees per share interim dividend.
* DISH TV INDIA: Has urged the Board of Control for Cricket in India to take steps to curb monopoly by any one player in cricket broadcasting in India.
* FORTIS HEALTHCARE: Promoters Malvinder Singh and Shivinder Singh have approached the Supreme Court asking for permission to sell their shares already pledged to banks and financial institutions to reduce debt.
* GREENPLY INDUSTRIES: Has entered into a marketing tie-up with US-based Aristech Surfaces to distribute acrylic solid surface sheets in India.
* HINDALCO INDUSTRIES: Higher economic activities in the current financial year will drive the demand for aluminium, with the power sector likely to be a major demand driver, the company said in its annual report.
* INFOSYS: The Securities and Exchange Board of India will conduct a fresh probe into corporate governance complaints against the company in connection with the Panaya acquisition.
* JAGRAN PRAKASHAN: The Supreme Court has lifted the Allahabad High Court's stay on merger and de-merger schemes involving the company and its subsidiaries.
* JET AIRWAYS: Is in partnership with US-based hospitality service provider Airbnb to increase the option of lodging and boarding for its customers.
* LARSEN & TOUBRO: Schneider Electric and Eaton have emerged as the top contenders to acquire the group's electric and automation division for 150-170 bln rupees.
* LUPIN: Has launched Quetiapine Fumarate extended-release tablets with 50-mg, 150-mg, 200-mg, 300-mg and 400- mg strengths.
* NCC: Has bagged its second contract for the Pune Metro Rail project and will soon start construction work on the second metro corridor.
* PFIZER: Has received a patent in India for its pneumonia vaccine Prevenar 13, which the company had launched in the country in 2010, despite stiff opposition from health group Medecins Sans Frontieres.
* PROCTER & GAMBLE HYGIENE & HEALTH CARE: Posted a 28.65% on-year fall in net profit to 780.4 mln rupees in Apr-Jun. Revenue from operations fell 5.8% to 5.3 bln rupees.
* RELIANCE COMMUNICATIONS: To offer unlimited calls and 1 GB data per day for 28 days at 349 rupees to customers on the global system for mobile communications platform.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm will start bookings for recently-launched 4G feature phone from 1700 IST today.
* SHOPPERS STOP: Has decided to exit the joint venture with Swiss major Nuance Group for duty-free airport stores.
* STATE BANK OF INDIA: It has become difficult to carry out fresh lending in the presence of regulator scrutiny and the large quantum of corporate bad loans, Chairman Arundhati Bhattacharya said.
* TATA TELESERVICES MAHARASHTRA: Has given a clean chit to Chennai-based entrepreneur, C. Sivasankaran, saying the allegations by Cyrus Mistry that undue favours worth 6 bln rupees were given to him were untrue.
* VIPUL LTD: Plans to raise 1.5 bln rupees through the issuance of zero-coupon non-convertible debentures maturing in 54 months.
