Today's Stock News – 14.05.2019
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* ASHOKA BUILDCON: Macquarie Infrastructure and Real Assets with interests in India aims to exit its investment in roads platform Ashoka Concessions.
* AXIS BANK: The Enforcement Directorate has attached properties worth 29.6 mln rupees in the bank demonetised currency conversion case.
* BHARTI AIRTEL: Plans to raise 31 bln rupees through bond sales, which it will use to invest in the ongoing 250-bln-rupee rights issue. Scrapped its low-value post-paid plans of less than 499 rupees across circles, and halved the total number of its offers for this higher-paying user segment to four, to lower costs, boost its revenue per user, and improve profitability.
* AARTI INDUSTRIES: The board will meet on May 21 to consider issue of bonus shares.
* DELTA CORP: The company said it has not received any notice of a case, booked against it or its arm Highstreet Cruises and Entertainment, for evasion of goods and services tax, and believes it is in compliance with the law.
* ENGINEERS INDIA: Has secured an order from Mangol Refinery State Owned LLC to provide project management consultancy services for construction of a crude oil refinery plant in Mongolia.
* FORTIS HEALTHCARE: Has filed an affidavit in Delhi high court, saying that the Securities and Exchange Board of India has directed it to initiate necessary action to recover 4.03 bln rupees from Malvinder Singh, Shivinder Singh and other entities in the matter relating to Daiichi Sankyo and Singh brothers.
* GUJARAT STATE FERTILIZERS & CHEMICALS: Blaming loss of moisture as the likely reason for some of its fertiliser bags carrying less-than-stated weight, the company's management has said it would resume sales only after all such bags have been replaced.
* GVK POWER & INFRASTRUCTURE: South Africa's Bidvest Group has asked the Delhi High Court to direct GVK Airport Holdings to prove that it has 12.50 bln rupees that is needed to acquire the stake held by the overseas investor in Mumbai International Airport.
* INOX LEISURE: Plans to add 85-90 new screens in 2019-20 (Apr-Mar) and over 850 screens in the near term, the company said today after releasing its earnings for Jan-Mar.
* JET AIRWAYS INDIA: Etihad Airways's bid for the company is "disappointing" and lenders see little chance of reviving the beleaguered airline, which has temporarily shut operations.
Lenders to the company will begin reaching out to unsolicited bidders for the grounded airline after existing shareholder Etihad Airways PJSC declined to raise its stake beyond the current 24%.
Vinay Dube, chief executive officer, told officials from the ministry of labour and employment that there can be no clarity on the issue of payment of salaries to the employees till the outcome of the bank-led resolution process.
* KARNATAKA BANK: The bank has appointed Muralidhar Rao as chief financial officer.
* NBCC (INDIA): Decided against diluting certain conditions, including exemption from tax liability, in its revised offer for JAYPEE INFRATECH even as lenders have flagged serious concerns about the state-owned firm's conditional bid.
* ORIENTAL BANK OF COMMERCE: The board has approved a plan to raise capital of up to 30 bln rupees by way of issue of equity shares through a qualified institutional placement, and an employee share purchase scheme, among others.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm and OnePlus have announced a cashback offer for customers buying smartphone maker OnePlus' new flagship 7 and 7 Pro phones.
* SHANKARA BUILDING PRODUCTS: The proposed partial sale of some assets of the company's arm Taurus Value Steel & Pipes to APL APOLLO TUBES will release around 1.70 bln rupees for the parent company.
* TATA CONSULTANCY SERVICES: A US court has rejected Computer Sciences Corp's application seeking a temporary restraining order against the company for allegedly using the former's source code, documentation, and proprietary processes and technique.
* TATA STEEL: The fallout of the company's proposed joint venture in Europe, while a stumbling block, will not materially impact the growth prospects of the company's expanding and more profitable Indian operations.
* VARDHAMAN INDUSTRIES: The Supreme Court has said that the resolution process of the company, submitted by JSW STEEL, will not move forward till the National Company Law Appellate Tribunal takes a final decision on May 28.
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
