Today's Stock News – 24.01.2019 9.13 Am
* ADANI ENTERPRISES: The Adani Group plans to invest 120 bln rupees in various projects in Tamil Nadu.
* APOLLO MICRO SYSTEMS: Has received an order worth 130 mln rupees from BHARAT DYNAMICS.
* BASF INDIA: The board has approved appointment of Narayan Krishnamohan as managing director and Pradip Shah as chairman of the company for a period of five years with effect from Apr 1.
* BAYER CROPSCIENCE: Aditya Birla Sun Life Mutual Fund acquired 2% stake or 685,765 mln shares in the company through open market on Jan 21.
* BHARAT FINANCIAL INCLUSION: Assigned a pool of receivables of an aggregate value of 8.32 bln rupees to a public sector bank on a direct assignment basis.
* BLUE DART EXPRESS: The board has appointed Balfour Manuel as chief executive officer of the
company.
* CENTRAL BANK OF INDIA: The government has appointed Alok Srivastava as executive director of the bank for a period of three years.
* DCM SHRIRAM: Has commissioned additional cane crushing capacity of 5,000 tn per day at DSCL Sugar, Hariawan, in Uttar Pradesh.
* HATHWAY CABLE & DATACOM: Rajasthan Global Securities Pvt Ltd Wednesday bought 5% stake, or 43.02 mln shares, in the company, through the open market.
* IDBI BANK: Two days after Life Insurance Corp of India completed the 51% stake acquisition in the bank, rating agency Moody's upgraded bank's long-term rating to Ba2 from B1.
* IL&FS TRANSPORTATION NETWORKS: Defaulted on a 14-mln-rupee principal and 101,260-rupee interest payment on non-convertible debentures.
* INDIAN OIL CORP: Has announced a total investment of 166.41 bln rupees in Tamil Nadu.
* INFOSYS: Has partnered with US information technology major Hewlett Packard Enterprise Co to boost its digital offerings.
* KRBL: Has deferred a board meeting to declare financial results for the quarter and nine months ended Dec 31, due to non-availability of directors.
* LAKSHMI VILAS BANK: Has received approval from Reserve Bank of India to re-appoint Parthasarathi Mukherjee as managing director and chief executive officer for a period of two years, effective Friday.
* MARUTI SUZUKI INDIA: Suzuki Motor Corp has commissioned second unit of its Gujarat plant that manufactures some cars for the company.
* MINDTREE: Cafe Coffee Day Group founder VG Siddhartha is in final talks with L&T INFOTECH and private equity firm KKR to sell his stake in the company.
* NATIONAL ALUMINIUM CO: Raised the prices of aluminium alloy ingots and sow ingots by nearly 2% with effect from Tuesday. The Odisha government is on course to offer 188 acres to the company, for its proposed 55-bln-rupee downstream complex at Kamkhyanagar in Dhenkanal district.
* POWER FINANCE CORP: The Telangana government has allowed Kaleshwaram Irrigation Project Corp, a state government entity, to raise a total of 77.8 bln rupees as term loan from the company.
* PUNJ LLOYD: IFCI has sold 0.54% stake or 1.8 mln shares in the company at 3.5 rupees a share through a bulk deal on the National Stock Exchange.
* RATNAMANI METALS & TUBES: Kotak Mahindra Mutual Fund has bought 1.48% stake or 689,398 shares in the company at 780 rupees a share.
* RELIANCE COMMMUNICATIONS: Will not be paying the fourth instalment of 3.75 bln rupees principal amount on non-convertible debentures, due on Feb 7.
* UNITECH: The Supreme Court has refused to grant bail to the company's promoters Sanjay Chandra and his brother Ajay Chandra in a case relating to alleged siphoning of home-buyers' money.
* VEDANTA: Vedanta Resources Executive Chairman Anil Agarwal has committed to invest about $1.6 bln more in South Africa for mining minerals as he looks to deepen engagement in the African nation.
* VODAFONE IDEA: The board has approved a proposal to raise up to 250 bln rupees through rights issue, and promoters--Aditya Birla Group and UK-based Vodafone Group plc--have reiterated their intention to contribute to the fund infusion.
* YES BANK: The Maharashtra government has tied up with the bank to launch a joint initiative under the Yellow Revolution Programme to meet the huge demand for eggs.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls
