Daily Stock News Today – 29.11.2017
* ABB INDIA: The company and Kawasaki Heavy Industries have announced a partnership to share knowledge and promote collaborative robots, particularly dual-arm design ones.
* AU SMALL FINANCE BANK: Has entered into agreements with 11 asset management companies, both domestic and international, to distribute their mutual funds to the bank's customers.
* CAN FIN HOMES: Is likely to set 7.64% as coupon on bonds maturing in three years and three months.
* COAL INDIA: Will pay its executives about 8 bln rupees in salary rises retroactive from January this year.
* FORCE MOTORS: Has launched Trax Kargo King Star pick up for the last mile transportation of cargo on its Trax platform.
* GENUS POWER INFRASTRUCTURES: Has won an order worth 4.53 bln rupees from Energy Efficiency Services for the supply of 1.35 mln smart meters to Haryana and Uttar Pradesh.
* HOUSING DEVELOPMENT FINANCE CORP: The company and its subsidiary HDFC Capital Advisors have together invested 10 bln rupees in Radius Developers' two residential projects in Mumbai.
* JAGRAN PRAKASHAN: The Securities and Exchange Board of India has imposed a 4.5-mln-rupee penalty on the company's company secretary, his spouse, and associate company Kanchan Properties, for violation of insider trading norms in 2009.
* JAIPRAKASH ASSOCIATES: Has completed the exercise to exchange its $150 mln foreign currency convertible bonds due this year with those maturing in 2020-21.
* JET AIRWAYS (INDIA): Has finalised an agreement with Air France-KLM on India-Europe routes, providing a boost to its long-haul operations.
* MAGMA FINCORP: Magma HDI General Insurance Co has entered the health insurance segment and launched health insurance policy OneHealth.
* MAHINDRA CIE AUTOMOTIVE: The company said there are no negotiations or agreements for a proposed acquisition of entities in Korea.
* MUTHOOT FINANCE: Has launched a new loan scheme targeted at small and medium enterprises for their working capital requirements.
* NTPC: Is looking to acquire select stressed assets in the power sector, departing from its earlier stance of only managing the stressed assets that are taken over by lenders due to non-payment of dues.
* OIL & NATURAL GAS CORP: May take legal action if the Directorate General of Hydrocarbons' plan to sell 60% stake in the company's hydrocarbon fields is taken forward.
* PNB HOUSING FINANCE: The non-retail portion of the company's offer for sale by Punjab National Bank was subscribed 1.42 times on the first day.
* RELIGARE ENTERPRISES: Delhi High Court will today hear two separate pleas filed by two private equity firms against the company and arm—Religare Finvest--seeking to initiate arbitration proceedings for claims worth 6.71 bln rupees.
* SHRIRAM CITY UNION FINANCE: Has plans to raise 5 bln rupees through non-convertible debentures, after the company's banking and securities management committee approves it.
* SOUTH INDIAN BANK: The Capital Planning and Infusion Committee of the Board of the bank has allotted 49,000 numbers of non-convertible, redeemable, unsecured bonds.
* SPICEJET: Formed a wholly-owned subsidiary Canvin Real Estate.
* SWARAJ ENGINES: Has approved buyback of 294,746 shares or 2.37% stake at 2,400 rupees apiece.
* TATA POWER CO: Has sought the approval of the Maharashtra Electricity Regulatory Commission to charge its open access customers a surcharge of 0.44 rupees per unit to make up for the loss of demand due to stranded capacity. The Central Electricity Regulatory Commission has rejected Tata Power Delhi Distribution's plea against NTPC's default notices over non-payment of dues for power supplied in April.
* TECHNOFAB ENGINEERING: Got an order worth 2.81 bln rupees in the domestic water sector for a project funded by Asian Development Bank.
* VISTA PHARMACEUTICALS: Approved the allotment of 3 mln convertible warrants to promoters and others on a preferential basis, at 50 rupees apiece.
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* AU SMALL FINANCE BANK: Has entered into agreements with 11 asset management companies, both domestic and international, to distribute their mutual funds to the bank's customers.
* CAN FIN HOMES: Is likely to set 7.64% as coupon on bonds maturing in three years and three months.
* COAL INDIA: Will pay its executives about 8 bln rupees in salary rises retroactive from January this year.
* FORCE MOTORS: Has launched Trax Kargo King Star pick up for the last mile transportation of cargo on its Trax platform.
* GENUS POWER INFRASTRUCTURES: Has won an order worth 4.53 bln rupees from Energy Efficiency Services for the supply of 1.35 mln smart meters to Haryana and Uttar Pradesh.
* HOUSING DEVELOPMENT FINANCE CORP: The company and its subsidiary HDFC Capital Advisors have together invested 10 bln rupees in Radius Developers' two residential projects in Mumbai.
* JAGRAN PRAKASHAN: The Securities and Exchange Board of India has imposed a 4.5-mln-rupee penalty on the company's company secretary, his spouse, and associate company Kanchan Properties, for violation of insider trading norms in 2009.
* JAIPRAKASH ASSOCIATES: Has completed the exercise to exchange its $150 mln foreign currency convertible bonds due this year with those maturing in 2020-21.
* JET AIRWAYS (INDIA): Has finalised an agreement with Air France-KLM on India-Europe routes, providing a boost to its long-haul operations.
* MAGMA FINCORP: Magma HDI General Insurance Co has entered the health insurance segment and launched health insurance policy OneHealth.
* MAHINDRA CIE AUTOMOTIVE: The company said there are no negotiations or agreements for a proposed acquisition of entities in Korea.
* MUTHOOT FINANCE: Has launched a new loan scheme targeted at small and medium enterprises for their working capital requirements.
* NTPC: Is looking to acquire select stressed assets in the power sector, departing from its earlier stance of only managing the stressed assets that are taken over by lenders due to non-payment of dues.
* OIL & NATURAL GAS CORP: May take legal action if the Directorate General of Hydrocarbons' plan to sell 60% stake in the company's hydrocarbon fields is taken forward.
* PNB HOUSING FINANCE: The non-retail portion of the company's offer for sale by Punjab National Bank was subscribed 1.42 times on the first day.
* RELIGARE ENTERPRISES: Delhi High Court will today hear two separate pleas filed by two private equity firms against the company and arm—Religare Finvest--seeking to initiate arbitration proceedings for claims worth 6.71 bln rupees.
* SHRIRAM CITY UNION FINANCE: Has plans to raise 5 bln rupees through non-convertible debentures, after the company's banking and securities management committee approves it.
* SOUTH INDIAN BANK: The Capital Planning and Infusion Committee of the Board of the bank has allotted 49,000 numbers of non-convertible, redeemable, unsecured bonds.
* SPICEJET: Formed a wholly-owned subsidiary Canvin Real Estate.
* SWARAJ ENGINES: Has approved buyback of 294,746 shares or 2.37% stake at 2,400 rupees apiece.
* TATA POWER CO: Has sought the approval of the Maharashtra Electricity Regulatory Commission to charge its open access customers a surcharge of 0.44 rupees per unit to make up for the loss of demand due to stranded capacity. The Central Electricity Regulatory Commission has rejected Tata Power Delhi Distribution's plea against NTPC's default notices over non-payment of dues for power supplied in April.
* TECHNOFAB ENGINEERING: Got an order worth 2.81 bln rupees in the domestic water sector for a project funded by Asian Development Bank.
* VISTA PHARMACEUTICALS: Approved the allotment of 3 mln convertible warrants to promoters and others on a preferential basis, at 50 rupees apiece.
