Daily Stock News Today – 23.11.2017
* AXIS BANK: Has launched instant international payment services using Ripple's enterprise block chain technology solution.
* BHARTI AIRTEL: Customers of Tata Teleservices have started transitioning to the company's network on Wednesday under the two companies' intra-circle roaming arrangement.
* DCB BANK: The bank and IFMR Capital have subscribed to the securitization transaction of consumer durables loan pool of Home Credit India Finance, through which it raised 1.53 bln rupees.
* EICHER MOTORS: Eicher Trucks and Buses, a division of Volvo Eicher Commercial Vehicles, is likely to raise prices of its trucks due to rising input cost, Executive Vice President Sales and Marketing Shyam Maller said.
* FUTURE RETAIL: Shares of the company will move into the trade-for-trade segment on stock exchanges on Nov 29.
* GODREJ INDUSTRIES: Godrej Appliances, a division of Godrej & Boyce Manufacturing Co, will invest 2 bln rupees to expand production capacity at its Shirwal manufacturing plant.
* HEALTHCARE GLOBAL ENTERPRISES: Board has approved the issue of 1.17 mln shares at 300 rupees apiece on a preferential basis to alternative investment fund Indgrowth Capital Fund.
* HINDUSTAN UNILEVER: Has started reducing prices of its products after the goods and services tax rates on items such as detergents, shampoos and cosmetics was reduced to 18% from 28%, effective Nov 15.
* HINDUSTHAN URBAN INFRASTRUCTURE: There was a blast in a firing oven at the company's insulator plant at Mandideep in Bhopal on Sunday.
* IL&FS INVESTMENT MANAGERS: Has acquired an additional 49% stake at 12.34 rupees per share in subsidiary IL&FS Asian Infrastructure Managers from ORIX Corp, Japan.
* INFO EDGE INDIA: Online platform Zomato Media has completed acquisition of Cathero Technologies, an on-demand logistics and delivery company, in an all stock deal.
* INTERGLOBE AVIATION: Plans to induct at least 50 wide-bodied planes for starting overseas flights, as the divestment of the state-run carrier may take a while.
* JSW STEEL: Japan's JFE Holdings Inc and the company are lining up a joint bid with a private equity firm for the assets of insolvent BHUSHAN STEEL.
* JUBILANT LIFE SCIENCES: Drug Discovery and Development Solutions, the Singapore-based
subsidiary of the company, will acquire US-based Jubilant Discovery Services Inc for $2.86 mln.
* KARUR VYSYA BANK: The capital raising committee of the bank has allotted 117.3 mln shares, with a face value of 2 rupees at 76 rupees apiece.
* MANAKSIA STEELS: Subsidiary Technomet International FZE will acquire 99.99% stake in Far East Steel Industries, Nigeria from In-Profit Investments.
* MBL INFRASTRUCTURES: Could emerge as India's first road builder to achieve a successful insolvency resolution on about 17 bln rupees of outstanding loans, with the promoter agreeing to infuse more capital into the business.
* MMTC: The government has decided to import 2,000 tn of onions through the state-owned trading agency, Food and Consumer Affairs Minister Ram Vilas Paswan said.
* NEULAND LABORATORIES: The board has approved purchase of a manufacturing facility located at Sangareddy in Telangana from Arch Pharmalabs.
* POWER GRID CORP OF INDIA: Expects a government plan to provide electricity to all to generate new orders worth 16 trln rupees over the next five years. Has managed to iron out all the contentious issues and is set to sign the joint venture agreement with the Uttar Pradesh government to strengthen the intra-state transmission network.
* RELIANCE COMMUNICATIONS: Has finalised eight bidders for sale of its 125-acre land bank in Navi Mumbai.
* RS SOFTWARE INDIA: Has entered into a partnership with US-based ThreatMetrix to provide security solutions for digital payments.
* SRI ADHIKARI BROTHERS TELEVISION NETWORK: STATE BANK OF INDIA has sold 1.56 mln shares or 4.5% stake in the company through bulk deals.
* SUN PHARMACEUTICAL INDUSTRIES: The company's holdings in US-based scPharmaceuticals Inc through its subsidiaries has come down to 12.31% from 14.58%.
* SUZLON ENERGY: Has said that it will start dialogue with workers at its rotor blade manufacturing unit at Padubidri on Nov 30 following a dispute with them.
* THOMAS COOK INDIA: Has approved sale of 5.42% stake in its subsidiary QUESS CORP, through an offer-for-sale, at a discount of 12.5% compared to the latter's previous close.
* THYROCARE TECHNOLOGIES: Samara Capital Partners Fund sold 740,000 shares or 1.38% stake in the company at 668.18 rupees apiece on BSE in bulk deals.
* UNITED BANK OF INDIA: Securities and Exchange Board of India has approved the bank's plan to raise up to 10 bln rupees as equity capital through qualified institutional placement.
* VIDEOCON INDUSTRIES: IFCI sold 2.25 mln shares in the company at 12.82 rupees apiece in a bulk deal.
* VIKAS WSP: Has received a trial export order worth 13.2 mln rupees for 90.9 tn of guar gum products for hydro fracturing of oil and gas wells from an oil and gas servicing company.
CLICK HERE
*********************************************************************************
* BHARTI AIRTEL: Customers of Tata Teleservices have started transitioning to the company's network on Wednesday under the two companies' intra-circle roaming arrangement.
* DCB BANK: The bank and IFMR Capital have subscribed to the securitization transaction of consumer durables loan pool of Home Credit India Finance, through which it raised 1.53 bln rupees.
* EICHER MOTORS: Eicher Trucks and Buses, a division of Volvo Eicher Commercial Vehicles, is likely to raise prices of its trucks due to rising input cost, Executive Vice President Sales and Marketing Shyam Maller said.
* FUTURE RETAIL: Shares of the company will move into the trade-for-trade segment on stock exchanges on Nov 29.
* GODREJ INDUSTRIES: Godrej Appliances, a division of Godrej & Boyce Manufacturing Co, will invest 2 bln rupees to expand production capacity at its Shirwal manufacturing plant.
* HEALTHCARE GLOBAL ENTERPRISES: Board has approved the issue of 1.17 mln shares at 300 rupees apiece on a preferential basis to alternative investment fund Indgrowth Capital Fund.
* HINDUSTAN UNILEVER: Has started reducing prices of its products after the goods and services tax rates on items such as detergents, shampoos and cosmetics was reduced to 18% from 28%, effective Nov 15.
* HINDUSTHAN URBAN INFRASTRUCTURE: There was a blast in a firing oven at the company's insulator plant at Mandideep in Bhopal on Sunday.
* IL&FS INVESTMENT MANAGERS: Has acquired an additional 49% stake at 12.34 rupees per share in subsidiary IL&FS Asian Infrastructure Managers from ORIX Corp, Japan.
* INFO EDGE INDIA: Online platform Zomato Media has completed acquisition of Cathero Technologies, an on-demand logistics and delivery company, in an all stock deal.
* INTERGLOBE AVIATION: Plans to induct at least 50 wide-bodied planes for starting overseas flights, as the divestment of the state-run carrier may take a while.
* JSW STEEL: Japan's JFE Holdings Inc and the company are lining up a joint bid with a private equity firm for the assets of insolvent BHUSHAN STEEL.
* JUBILANT LIFE SCIENCES: Drug Discovery and Development Solutions, the Singapore-based
subsidiary of the company, will acquire US-based Jubilant Discovery Services Inc for $2.86 mln.
* KARUR VYSYA BANK: The capital raising committee of the bank has allotted 117.3 mln shares, with a face value of 2 rupees at 76 rupees apiece.
* MANAKSIA STEELS: Subsidiary Technomet International FZE will acquire 99.99% stake in Far East Steel Industries, Nigeria from In-Profit Investments.
* MBL INFRASTRUCTURES: Could emerge as India's first road builder to achieve a successful insolvency resolution on about 17 bln rupees of outstanding loans, with the promoter agreeing to infuse more capital into the business.
* MMTC: The government has decided to import 2,000 tn of onions through the state-owned trading agency, Food and Consumer Affairs Minister Ram Vilas Paswan said.
* NEULAND LABORATORIES: The board has approved purchase of a manufacturing facility located at Sangareddy in Telangana from Arch Pharmalabs.
* POWER GRID CORP OF INDIA: Expects a government plan to provide electricity to all to generate new orders worth 16 trln rupees over the next five years. Has managed to iron out all the contentious issues and is set to sign the joint venture agreement with the Uttar Pradesh government to strengthen the intra-state transmission network.
* RELIANCE COMMUNICATIONS: Has finalised eight bidders for sale of its 125-acre land bank in Navi Mumbai.
* RS SOFTWARE INDIA: Has entered into a partnership with US-based ThreatMetrix to provide security solutions for digital payments.
* SRI ADHIKARI BROTHERS TELEVISION NETWORK: STATE BANK OF INDIA has sold 1.56 mln shares or 4.5% stake in the company through bulk deals.
* SUN PHARMACEUTICAL INDUSTRIES: The company's holdings in US-based scPharmaceuticals Inc through its subsidiaries has come down to 12.31% from 14.58%.
* SUZLON ENERGY: Has said that it will start dialogue with workers at its rotor blade manufacturing unit at Padubidri on Nov 30 following a dispute with them.
* THOMAS COOK INDIA: Has approved sale of 5.42% stake in its subsidiary QUESS CORP, through an offer-for-sale, at a discount of 12.5% compared to the latter's previous close.
* THYROCARE TECHNOLOGIES: Samara Capital Partners Fund sold 740,000 shares or 1.38% stake in the company at 668.18 rupees apiece on BSE in bulk deals.
* UNITED BANK OF INDIA: Securities and Exchange Board of India has approved the bank's plan to raise up to 10 bln rupees as equity capital through qualified institutional placement.
* VIDEOCON INDUSTRIES: IFCI sold 2.25 mln shares in the company at 12.82 rupees apiece in a bulk deal.
* VIKAS WSP: Has received a trial export order worth 13.2 mln rupees for 90.9 tn of guar gum products for hydro fracturing of oil and gas wells from an oil and gas servicing company.
