Daily Stock News - 01.03.2017
* AHLUWALIA CONTRACTS (INDIA): FIL Investments (Mauritius) has bought 1.83 mln shares, or 2.73% stake in the company at 324.97 rupees apiece, in a bulk deal on the National Stock Exchange.
* BHARTI AIRTEL: Chairman Sunil Bharti Mittal said while it was good that Reliance Jio Infocomm will charge subscribers for services, the rates were still unsustainable and leaves his company with little choice but to respond, raising the prospect of the tariff war intensifying.
* DLF: The company might announce the name of the buyer in its rental arm, DLF Cybercity Developers, today.
* EROS INTERNATIONAL MEDIA: Plans to raise $200 mln through issuance of dollar-denominated bonds maturing in five years.
* FUTURE CONSUMER: Has partnered with US-based Hain Celestial Group Inc to manufacture and market organic food products in India.
* GRASIM INDUSTRIES: Barclays Global Fund Advisors, on behalf of Ishares India Mauritius Co, has bought 6.01 mln shares, or 1.44% stake in the company at 990.23 rupees apiece, in a bulk deal on the National Stock Exchange.
* HERO MOTOCORP: The board of directors will meet on Mar 7 to consider interim dividend for 2016-17 (Apr-Mar).
* HOUSING DEVELOPMENT FINANCE CORP: The board of directors will meet on Friday to consider interim dividend for 2016-17 (Apr-Mar).
* INDIABULLS REAL ESTATE: Has received a no-objection certificate from Airports Authority of India for the company's 163-mtr Sky Suites project.
* MAJESCO: The company's US-based subsidiary has announced the launch of two new data solutions for insurers-- Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse.
* MANAPPURAM FINANCE: Baring India Private Equity Fund III Listed Investments sold 31.74 mln shares or 3.77% stake in the company to Barclays Merchant Bank (Singapore) at 97.3 rupees per share, in a block deal.
* PRISM CEMENT: Has successfully bid for 18,300 tn per annum of coal from South Eastern Coalfields, a subsidiary of COAL INDIA, based on the website of MSTC.
* PUNJAB & SIND BANK: Will cut interest rates on most buckets of retail deposits by 10 basis points effective today.
* RELIANCE INDUSTRIES: The company's subsidiary Reliance Jio infocomm has collaborated with electronics giant Samsung Group to improve its quality of long-term evolution fourth generation services in India.
* RELIANCE INFRASTRUCTURE: Expects its defence business to contribute a large share of its revenue over the coming years. Chairman Anil Ambani pegged Indian defence business opportunities at 15 trln rupees over 15 years.
* SHILPA MEDICARE: CLSA Global Markets Pte has sold 1.61 mln shares or a 2.01% stake in the company to Barclays Merchant Bank (Singapore) at 651 rupees per share, in a block deal on the National Stock Exchange.
* SURYA ROSHNI: Said commercial production of ERW Black and G.I. Pipes at the company's newly set up plant at Hindupur in Andhra Pradesh will start from Wednesday.
* TATA SPONGE IRON: HSBC Global Investment Funds has bought 145,743 shares or 0.95% stake in the company at 646.54 rupees apiece, in a bulk deal on the National Stock Exchange.
* THOMAS COOK INDIA: Announced a 10-day annual sale, with offers on domestic and international hotel bookings, flights and travel packages.
* UTTAM GALVA STEELS: A consortium of banks led by the STATE BANK OF INDIA has launched a probe into suspected financial irregularities at the company.
* WIPRO: Has developed a digital solution based on internet of things technology, for the energy and utilities sector.
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* AHLUWALIA CONTRACTS (INDIA): FIL Investments (Mauritius) has bought 1.83 mln shares, or 2.73% stake in the company at 324.97 rupees apiece, in a bulk deal on the National Stock Exchange.
* BHARTI AIRTEL: Chairman Sunil Bharti Mittal said while it was good that Reliance Jio Infocomm will charge subscribers for services, the rates were still unsustainable and leaves his company with little choice but to respond, raising the prospect of the tariff war intensifying.
* DLF: The company might announce the name of the buyer in its rental arm, DLF Cybercity Developers, today.
* EROS INTERNATIONAL MEDIA: Plans to raise $200 mln through issuance of dollar-denominated bonds maturing in five years.
* FUTURE CONSUMER: Has partnered with US-based Hain Celestial Group Inc to manufacture and market organic food products in India.
* GRASIM INDUSTRIES: Barclays Global Fund Advisors, on behalf of Ishares India Mauritius Co, has bought 6.01 mln shares, or 1.44% stake in the company at 990.23 rupees apiece, in a bulk deal on the National Stock Exchange.
* HERO MOTOCORP: The board of directors will meet on Mar 7 to consider interim dividend for 2016-17 (Apr-Mar).
* HOUSING DEVELOPMENT FINANCE CORP: The board of directors will meet on Friday to consider interim dividend for 2016-17 (Apr-Mar).
* INDIABULLS REAL ESTATE: Has received a no-objection certificate from Airports Authority of India for the company's 163-mtr Sky Suites project.
* MAJESCO: The company's US-based subsidiary has announced the launch of two new data solutions for insurers-- Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse.
* MANAPPURAM FINANCE: Baring India Private Equity Fund III Listed Investments sold 31.74 mln shares or 3.77% stake in the company to Barclays Merchant Bank (Singapore) at 97.3 rupees per share, in a block deal.
* PRISM CEMENT: Has successfully bid for 18,300 tn per annum of coal from South Eastern Coalfields, a subsidiary of COAL INDIA, based on the website of MSTC.
* PUNJAB & SIND BANK: Will cut interest rates on most buckets of retail deposits by 10 basis points effective today.
* RELIANCE INDUSTRIES: The company's subsidiary Reliance Jio infocomm has collaborated with electronics giant Samsung Group to improve its quality of long-term evolution fourth generation services in India.
* RELIANCE INFRASTRUCTURE: Expects its defence business to contribute a large share of its revenue over the coming years. Chairman Anil Ambani pegged Indian defence business opportunities at 15 trln rupees over 15 years.
* SHILPA MEDICARE: CLSA Global Markets Pte has sold 1.61 mln shares or a 2.01% stake in the company to Barclays Merchant Bank (Singapore) at 651 rupees per share, in a block deal on the National Stock Exchange.
* SURYA ROSHNI: Said commercial production of ERW Black and G.I. Pipes at the company's newly set up plant at Hindupur in Andhra Pradesh will start from Wednesday.
* TATA SPONGE IRON: HSBC Global Investment Funds has bought 145,743 shares or 0.95% stake in the company at 646.54 rupees apiece, in a bulk deal on the National Stock Exchange.
* THOMAS COOK INDIA: Announced a 10-day annual sale, with offers on domestic and international hotel bookings, flights and travel packages.
* UTTAM GALVA STEELS: A consortium of banks led by the STATE BANK OF INDIA has launched a probe into suspected financial irregularities at the company.
* WIPRO: Has developed a digital solution based on internet of things technology, for the energy and utilities sector.
