Daily Stock News Today – 19.12.2017
* ADLABS ENTERTAINMENT: Is selling a minority stake in the company to Centrum Capital founders for 500 mln rupees.
* ASHOK LEYLAND: Has appointed Sanjay Saraswat as senior vice-president and head of the global buses segment.
* ALOK INDUSTRIES: A group of employees is making a bid for the assets of the company, which is on the block after being referred to the bankruptcy court.
* AXIS BANK: Has approved allotment of shares and warrants to a clutch of investors for its 116-bln-rupee fund raising plan.
* COAL INDIA: Subsidiary Southern Coalfields has received approval from the environment ministry to expand Gevra opencast coal mine in Chhattisgarh to 45 tn per annum from 41 tn per annum.
* DE NORA INDIA: Has received orders worth 119.9 mln rupees from BHARAT HEAVY ELECTRICALS for its power plant in Ennore.
* GANDHI SPECIAL TUBES: The board has approved buying back of up to 880,000 shares or 5.99% stake from shareholders at 500 rupees per share.
* HINDUSTAN COPPER: Has received approval from the Securities and Exchange Board of India to raise capital up to 10% of the present paid up equity capital by issue of shares through qualified institutional placement.
* HINDUSTAN PETROLEUM CORP: Has written to BHARTI AIRTEL's payment bank, asking it to transfer back the liquefied petroleum gas subsidy of its customers, which was transferred to Airtel Payments Bank accounts, their previous bank accounts, or to oil marketing companies.
* ICICI BANK: Has raised interest rates on fixed deposits of more than 1 bln rupees for some maturities on Saturday.
* JM FINANCIAL: Board has approved raising up to 6.5 bln rupees through securities.
* JSW STEEL: JSW Techno Projects Management will be acquiring a 49% stake in Brahmani River Pellets.
* KRIDHAN INFRA: The government of Singapore bought 895,058 shares or 1.2% stake in the company at 92 rupees per share in a bulk deal on the BSE.
* LT FOODS: The company's qualified institutional placement opened on Monday, and the floor price for the issue was set at 79.13 rupees a share.
* MARUTI SUZUKI INDIA: The company has said its models equipped with Smartplay
Infotainment touch screen system will now support Android Auto technology.
* MONNET ISPAT & ENERGY: Lenders to the company and JYOTI STRUCTURES are set to go for another round of bidding for the assets after both the companies ended up with lone bidders in the final stage of bidding.
* ORCHID PHARMA: Serum Institute of India sold 750,000 shares or 0.84% stake in the company at 18.55 rupees per share in a bulk deal on the National Stock Exchange.
* SADBHAV ENGINEERING: Subsidiary Mysore-Bellary Highway has received provisional certificate from Karnataka government for completion of the 170-km state highway project from Malavalli to Pavagada.
* SOUTH INDIAN BANK: Will cut its marginal cost of funds-based lending rates for six months and one year, by 5 and 10 basis points respectively, from Wednesday.
* SRI ADHIKARI BROTHERS TELEVISION NETWORK: Sri Adhikari Brothers Group and Pantel Technologies, have come together to create a bouquet of 20 television channels.
* STEEL AUTHORITY OF INDIA: Has raised the prices of its steel bars.
* SURYA ROSHNI: Launched light-emitting diode down-lighters, battens, lamps, street lights, flood lights and decorative luminaries.
* TATA CONSULTANCY SERVICES: Has picked up around 250,000 sq ft commercial space at Godrej & Boyce's factory premises at Vikhroli in Mumbai on lease.
* VEDANTA: The government could consider transferring at least 51% stake-run companies such as OIL AND NATURAL GAS CORP, COAL INDIA and NMDC to technologically-sound private companies, Chairman Anil Agarwal said.
* WELSPUN INDIA: Has emerged as the first global textile entity to patent a fibre-tracking technology.
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* ASHOK LEYLAND: Has appointed Sanjay Saraswat as senior vice-president and head of the global buses segment.
* ALOK INDUSTRIES: A group of employees is making a bid for the assets of the company, which is on the block after being referred to the bankruptcy court.
* AXIS BANK: Has approved allotment of shares and warrants to a clutch of investors for its 116-bln-rupee fund raising plan.
* COAL INDIA: Subsidiary Southern Coalfields has received approval from the environment ministry to expand Gevra opencast coal mine in Chhattisgarh to 45 tn per annum from 41 tn per annum.
* DE NORA INDIA: Has received orders worth 119.9 mln rupees from BHARAT HEAVY ELECTRICALS for its power plant in Ennore.
* GANDHI SPECIAL TUBES: The board has approved buying back of up to 880,000 shares or 5.99% stake from shareholders at 500 rupees per share.
* HINDUSTAN COPPER: Has received approval from the Securities and Exchange Board of India to raise capital up to 10% of the present paid up equity capital by issue of shares through qualified institutional placement.
* HINDUSTAN PETROLEUM CORP: Has written to BHARTI AIRTEL's payment bank, asking it to transfer back the liquefied petroleum gas subsidy of its customers, which was transferred to Airtel Payments Bank accounts, their previous bank accounts, or to oil marketing companies.
* ICICI BANK: Has raised interest rates on fixed deposits of more than 1 bln rupees for some maturities on Saturday.
* JM FINANCIAL: Board has approved raising up to 6.5 bln rupees through securities.
* JSW STEEL: JSW Techno Projects Management will be acquiring a 49% stake in Brahmani River Pellets.
* KRIDHAN INFRA: The government of Singapore bought 895,058 shares or 1.2% stake in the company at 92 rupees per share in a bulk deal on the BSE.
* LT FOODS: The company's qualified institutional placement opened on Monday, and the floor price for the issue was set at 79.13 rupees a share.
* MARUTI SUZUKI INDIA: The company has said its models equipped with Smartplay
Infotainment touch screen system will now support Android Auto technology.
* MONNET ISPAT & ENERGY: Lenders to the company and JYOTI STRUCTURES are set to go for another round of bidding for the assets after both the companies ended up with lone bidders in the final stage of bidding.
* ORCHID PHARMA: Serum Institute of India sold 750,000 shares or 0.84% stake in the company at 18.55 rupees per share in a bulk deal on the National Stock Exchange.
* SADBHAV ENGINEERING: Subsidiary Mysore-Bellary Highway has received provisional certificate from Karnataka government for completion of the 170-km state highway project from Malavalli to Pavagada.
* SOUTH INDIAN BANK: Will cut its marginal cost of funds-based lending rates for six months and one year, by 5 and 10 basis points respectively, from Wednesday.
* SRI ADHIKARI BROTHERS TELEVISION NETWORK: Sri Adhikari Brothers Group and Pantel Technologies, have come together to create a bouquet of 20 television channels.
* STEEL AUTHORITY OF INDIA: Has raised the prices of its steel bars.
* SURYA ROSHNI: Launched light-emitting diode down-lighters, battens, lamps, street lights, flood lights and decorative luminaries.
* TATA CONSULTANCY SERVICES: Has picked up around 250,000 sq ft commercial space at Godrej & Boyce's factory premises at Vikhroli in Mumbai on lease.
* VEDANTA: The government could consider transferring at least 51% stake-run companies such as OIL AND NATURAL GAS CORP, COAL INDIA and NMDC to technologically-sound private companies, Chairman Anil Agarwal said.
* WELSPUN INDIA: Has emerged as the first global textile entity to patent a fibre-tracking technology.
