Today's Stock News - 04.10.2019: 09.00 Am
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* ADANI GREEN ENERGY: Has raised $362.5 mln by selling dollar bonds, as it plans to refinance its existing debt and capital expenditure.
* BHARTI AIRTEL: Has secured a contract to build the network infrastructure as part of the Faridabad Smart City project.
* CG POWER AND INDUSTRIAL SOLUTIONS: Avantha Holdings and its promoter Gautam Thapar have filed a caveat in the Bombay High Court, seeking two days' notice, should the company move the court against them.
* COAL INDIA: Production of coal at Dipka mine in Chhattisgarh will "normalise" in a month, said Coal Secretary Anil Kumar Jain.
* ENGINEERS INDIA: The government has rejected the company's bid to acquire Projects and Development India.
* ENTERTAINMENT NETWORK (INDIA): Has entered pact to acquire 49% stake in Qatar-based Global Entertainment Network, a wholly-owned subsidiary of Marhaba FM.
* GREAVES COTTON: Buyback offer will be open from Oct 18 till Nov 1.
* HIMATSINGKA SEIDE: Commercial production has started at the new terry towel manufacturing plant in Hassan, Karnataka, which has an installed capacity of 25,000 tn per year.
* HINDUSTAN COPPER: Has raised the prices of its copper products for the second time in a row.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: The Economic Offences Wing of Mumbai Police on Thursday arrested Rakesh Kumar Wadhawan and Sarang Wadhawan, promoters of the company, for an alleged fraud at Punjab & Maharashtra Cooperative Bank.
* HOUSING DEVELOPMENT FINANCE CORP: Got 10.74 bln rupees as dividend in Jul-Sep from
subsidiaries HDFC BANK and GRUH FINANCE.
* INDIAN HOTELS CO: In 1.5-bln-rupee pact with Anheuser Busch InBev to launch a premium chain of microbreweries within its marquee hotels across key locations in India.
* LUPIN: Has appointed Apotex veteran Johnny Mikell as president and global head of quality.
- Has appointed Sreeji Gopinathan as its chief information officer.
* MANPASAND BEVERAGES: Batliboi & Purohit, statutory auditor of the company has resigned on Thursday with immediate effect.
* NATIONAL FERTILIZERS: Sale of all fertilisers during the Apr-Sep kharif season rose 25% on year to 2.7 mln tn.
* PUNJAB & SIND BANK: Has adopted the Reserve Bank of India's repo rate as the external benchmark for all floating rate loans in retail, home, and micro and small enterprises segments, effective Monday.
* RELIANCE INDUSTRIES: Gross refining margins have risen around 30% sequentially in Jul-Sep and the company is seen as the biggest beneficiary in Asia of the impending International Maritime Organisation regulations.
* RELIGARE ENTERPRISES: Is selling its entire stake in Religare Finvest to TCG Advisory Services for 3.3 bln rupees.
* SPICEJET: Could become the second-largest domestic carrier in terms of fleet size by early next year as it expects grounded Boeing 737-8 Max to be back in service in January.
* TATA STEEL: Has walked away with a profit of 50 bln rupees made by Bhushan Steel during the
insolvency period stretching over 18 months.
- Is weighing a sale of its stake in an e-commerce joint venture as India's largest steel manufacturer
looks to offload non-core assets to pare debt.
* THE NEW INDIA ASSURANCE CO: Has given its consent for the bank-led resolution process for
DEWAN HOUSING FINANCE CORP.
* THOMAS COOK (INDIA): The boards of QUESS CORP and the company have approved amendments to the composite scheme of arrangement and amalgamation between the two companies.
* TUBE INVESTMENTS OF INDIA: Is likely to foray into manufacturing electric autorickshaws.
* UJJIVAN FINANCIAL SERVICES: Sundaram Asset Management Co, through its various schemes, has sold 2.56 mln shares or 2.1% stake in the company through the open market on Monday.
* UNION BANK OF INDIA: Committee of directors will meet on Wednesday to mull raising funds through issue of shares to the government, on a preferential basis.
* UNITED BANK OF INDIA: Has shelved its 15-bln-rupee capital raising plan ahead of the proposed threeway merger with PUNJAB NATIONAL BANK and ORIENTAL BANK OF COMMERCE. The centre, instead, will pitch in with 16.66 bln rupees.
- On Thursday, issued a public notice declaring Gitanjali Gems and its fugitive owner Mehul Choksi as willful defaulters and sent them notices seeking repayment of 3.32-bln-rupee dues.
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