Daily Stock News Today – 22.11.2017
* BAJAJ STEEL INDUSTRIES: Has won an order worth $7.05 mln from Egyptian Holding Co for Cotton for three ginning plants.
* BANK OF BARODA: The finance committee of the board has approved raising up to 60 bln rupees additional equity capital through a qualified institutional placement of shares or a rights issue.
* BHUSHAN STEEL: ArcelorMittal Europe, is conducting due diligence of Essar Steel and the company, upping the tempo of the court-led insolvency process for stressed steel assets.
* DABUR INDIA: Has cut prices of the existing stock of its shampoos, skin care and home care products by 9% to pass on the benefits of the reduced goods and services tax rates to its customers.
* DREDGING CORP OF INDIA: Company's executives and non-executives at Visakhapatnam have gone on mass leave to protest the formation of inter-ministerial group for disinvestment of government shares in the company through strategic sale.
* FORTIS HEALTHCARE: The health ministry has urged the Haryana government to probe charges of negligence and overcharging against the company's hospital in Gurugram.
* INDIAN OIL CORP: Will start exporting aviation turbine fuel to Myanmar from next month.
* JET AIRWAYS INDIA: The recent rise in the price of crude oil and a fall in non-operational revenue streams pose a risk to the company's near-term earnings, said brokerage IIFL Institutional Equities in a note.
* IDEA CELLULAR: The Income tax department has given the no-objection certificate for the merger of the company with Vodafone India. However, the onus of the tax dues of 221 bln rupees on Vodafone India's British parent could also fall on the merged entity.
* LAKSHMI VILAS BANK: The bank will meet on Friday to consider a rights issue.
* LARSEN & TOUBRO: The company is likely to complete the 34-bln-rupee light rail-based urban transit system in Mauritius, to be commissioned by 2019-20.
* MAHINDRA & MAHINDRA: Ford Motor and the company could create their own electric car line in the country to help battle pollution from the vehicles clogging India's roads, Chairman Anand Mahindra said. The company broke fresh ground as an Indian multinational when it inaugurated its factory in the original Land of Automobile Manufacture, Detroit.
* MUTHOOT CAPITAL SERVICES: Has successfully raised 1.65 bln rupees of Tier-I capital through the qualified institutional placement route.
* NCC: A consortium formed with BGR Mining & Infra has won an order worth 250 bln rupees from NTPC.
* OIL & NATURAL GAS CORP: Will acquire a 15% stake in Namibia offshore block 2012A from Tullow Namibia.
* RELIANCE CAPITAL: Has raised 25 bln rupees from banks and financial institutions for refinancing its debt.
* SREI INFRASTRUCTURE FINANCE: Is interested in bidding for ELECTROSTEEL STEELS, which is under insolvency proceedings, Chairman and Managing Director Hemant Kanoria said.
* SINTEX INDUSTRIES: Has allotted 2.9 mln shares to holders of foreign currency convertible bonds.
* TEAMLEASE SERVICES: T Rowe Price, an asset management firm, has bought 5% stake in the company for about 1.6 bln rupees.
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* BANK OF BARODA: The finance committee of the board has approved raising up to 60 bln rupees additional equity capital through a qualified institutional placement of shares or a rights issue.
* BHUSHAN STEEL: ArcelorMittal Europe, is conducting due diligence of Essar Steel and the company, upping the tempo of the court-led insolvency process for stressed steel assets.
* DABUR INDIA: Has cut prices of the existing stock of its shampoos, skin care and home care products by 9% to pass on the benefits of the reduced goods and services tax rates to its customers.
* DREDGING CORP OF INDIA: Company's executives and non-executives at Visakhapatnam have gone on mass leave to protest the formation of inter-ministerial group for disinvestment of government shares in the company through strategic sale.
* FORTIS HEALTHCARE: The health ministry has urged the Haryana government to probe charges of negligence and overcharging against the company's hospital in Gurugram.
* INDIAN OIL CORP: Will start exporting aviation turbine fuel to Myanmar from next month.
* JET AIRWAYS INDIA: The recent rise in the price of crude oil and a fall in non-operational revenue streams pose a risk to the company's near-term earnings, said brokerage IIFL Institutional Equities in a note.
* IDEA CELLULAR: The Income tax department has given the no-objection certificate for the merger of the company with Vodafone India. However, the onus of the tax dues of 221 bln rupees on Vodafone India's British parent could also fall on the merged entity.
* LAKSHMI VILAS BANK: The bank will meet on Friday to consider a rights issue.
* LARSEN & TOUBRO: The company is likely to complete the 34-bln-rupee light rail-based urban transit system in Mauritius, to be commissioned by 2019-20.
* MAHINDRA & MAHINDRA: Ford Motor and the company could create their own electric car line in the country to help battle pollution from the vehicles clogging India's roads, Chairman Anand Mahindra said. The company broke fresh ground as an Indian multinational when it inaugurated its factory in the original Land of Automobile Manufacture, Detroit.
* MUTHOOT CAPITAL SERVICES: Has successfully raised 1.65 bln rupees of Tier-I capital through the qualified institutional placement route.
* NCC: A consortium formed with BGR Mining & Infra has won an order worth 250 bln rupees from NTPC.
* OIL & NATURAL GAS CORP: Will acquire a 15% stake in Namibia offshore block 2012A from Tullow Namibia.
* RELIANCE CAPITAL: Has raised 25 bln rupees from banks and financial institutions for refinancing its debt.
* SREI INFRASTRUCTURE FINANCE: Is interested in bidding for ELECTROSTEEL STEELS, which is under insolvency proceedings, Chairman and Managing Director Hemant Kanoria said.
* SINTEX INDUSTRIES: Has allotted 2.9 mln shares to holders of foreign currency convertible bonds.
* TEAMLEASE SERVICES: T Rowe Price, an asset management firm, has bought 5% stake in the company for about 1.6 bln rupees.
