Today's Stock News – 18.04.2019

Today's Stock News – 18.04.2019 
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 


* 5PAISA CAPITAL: Board approved raising up to 2.5 bln rupees through the issue of non-convertible debentures on a private placement basis.

* ALLAHABAD BANK: The bank and ANDHRA BANK are looking for merchant bankers to sell their
stakes in ASREC (India), an asset reconstruction company.

* AXIS BANK: Max Life Insurance is discussing a large share sale with the bank even as regulatory opinion on the matter could make or break the deal.

* BANDHAN BANK: Competition Commission of India has approved the merger of GRUH FINANCE with the bank.

* BHARTI AIRTEL: Will soon move appellate tribunal, challenging the telecom department's demand of 82 bln rupees in bank guarantees as a condition for giving its final nod to the merger of the consumer mobility business of Tata Teleservices with itself.

* CIPLA: Wholly-owned subsidiary Cipla Medpro South Africa Pty has signed an agreement to acquire 375  shares or 30% stake in Brandmed Pty for an upfront payment of 65 mln rand (around 321.8 mln rupees).

* DEN NETWORKS: The Telecom Regulatory Authority of India has directed the company and SITI
NETWORKS to comply with the New Regulatory Framework for Broadcasting and Cable TV Services and not force consumers to subscribe to channels or packs against their will.

* HERO MOTOCORP: Has hiked prices of its motorcycles and scooters by 250-1,000 rupees per unit in April to offset the rise in input costs.

* HT MEDIA: Acquired an additional 24.63 mln shares or 36.82% stake in NEXT MEDIAWORKS on
Monday.

* INDIABULLS HOUSING FINANCE: Announcing merger of LAKSHMI VILAS BANK with itself, the financial services group on Wednesday said the Insurance Regulatory and Development Authority of India has given it the first-level approval to start a general insurance business.

* INDIAN HOTELS: The company – Tata group's hospitality arm -- on Tuesday announced signing of a pact for a new Vivanta hotel in Greater Noida.

* INDIAN OIL CORP: Is in talks with battery makers to license its new technology, which boosts lead-acid battery life by 30% and cuts charging time by 40%, or jointly manufacture storage devices.

* INTERGLOBE AVIATION: The company-led IndiGo will operate 18 more flights from Delhi and Mumbai from May.
-The Directorate General of Civil Aviation has ordered a safety audit of IndiGo, which operates the A- 320 NEO aircraft that have faced numerous engine issues with their next-generation Pratt and Whitney engines.

* JET AIRWAYS (INDIA): Has "temporarily suspended" all its flights, domestic and international, as interim funding remained elusive.

* JINDAL STEEL AND POWER: Has levelled a series of charges against Arun Kumar Jagatramka, former promoter of GUJARAT NRE COKE, including diversion of funds while refuting allegations made by the latter in a letter to Securities and Exchange Board of India.

* JSW STEEL: Has offered to supply steel to export-oriented engineering companies at the landed cost of imports without adding customs duty under the advance licence mechanism.

* KOTAK MAHINDRA BANK: Has filed an insolvency plea against BALLARPUR INDUSTRIES'
subsidiary BILT Graphic Paper Products seeking to recover 2.18 bln rupees in dues.

* KWALITY: Bidders including TPG Capital, Aion affiliate Arcion Revitalisation, IndiaRF — a joint venture between PIRAMAL ENTERPRISES and Bain Capital Credit — Haldiram Snacks and JK Group's LVP Foods have submitted expressions of interest to buy the company, which is facing insolvency proceedings.

* MAHINDRA & MAHINDRA: Mahindra Susten, the renewable business arm of Mahindra group, has launched a formal process to sell around 160 MW of solar assets.

* MAJESCO: Has partnered DataRobot to accelerate adoption and success of artificial intelligence in the insurance industry.

* MINDTREE: The board of the company has announced a 4.43-bln-rupee dividend plan which will drain all the cash that the information technology company currently has.

* NBCC (INDIA): Likely to submit revised bid by Apr 25 for acquiring JAYPEE INFRATECH and complete the housing projects.

* PRESTIGE ESTATES PROJECTS: Plans to expand its retail presence to 15 operational malls, totalling 10 mln sq ft, over the next three years.

* QUESS CORP: Is acquiring majority stake in Chennai-headquartered business solutions provider and listed enterprise Allsec Technologies in a transaction worth around 2.70 bln rupees.

* RAMCO INDUSTRIES: Has acquired 75 mln shares in Lynks Logistics through a rights issue.

* RELIANCE CAPITAL: Axis Trustee Services has sold 3 mln shares or 1.19% stake in the company at 177.94 rupees apiece through a bulk deal on the National Stock Exchange.

* RELIANCE COMMUNICATIONS: The National Company Law Appellate Tribunal has sought a response from Reliance Group Chairman Anil Ambani within 10 days over a contempt plea filed against him and other officials by the minority shareholders alleging non-payment of dues by one of its group firms.

* RELIANCE INDUSTRIES: The company has refused to comment on reports of it being in talks with Saudi Aramco to sell 25% in its refining and petrochemical business.
-Reliance Retail is in talks to acquire Hamleys from the Chinese company that owns the famed UK toy seller.
-Singapore-based subsidiary Reliance Ethane Holding has entered into a pact to sell stake in its fleet of six very large ethane carriers to Japanese shipping group Mitsui OSK Lines.
-The company and the Piramal Group are among those that have been approached by Reliance General Insurance for the sale of up to 49% stake in the venture, as the group seeks to cut debt.

* SASKEN TECHNOLOGIES: Board will meet on Apr 23 to consider a proposal to buy back shares.

* SHREE DIGVIJAY CEMENT CO: Promoter Votorantim Cimentos has sold its entire 75% stake or 106.03 mln shares in the company through bulk deals on BSE.
-Private equity firm True North-owned fund has bought 77.2 mln shares or 54.62% stake in the
company at 15.45 rupees apiece.

* SOMANY CERAMICS: Chief Executive Officer Tuljaram Maheshwari has resigned due to personal
reasons.

* STAR CEMENT: Has received 1.74 bln rupees towards its freight subsidy claims from the government.

* UNITED BANK OF INDIA: Will cut its marginal cost of funds-based lending rates by 5 basis points across tenures, from Thursday.

* VEDANTA: Cairn Oil & Gas, a vertical of the company, has appointed Ajay Dixit as chief executive officer.

* WIPRO: Announced a buyback of 323.1 mln shares at 325 rupees apiece.

 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