STOCKS ALERT – 26.06.2014
* ANJANI PORTLAND CEMENT: Chettinad Cement Corp has made an open offer to
acquire 4.78 mln shares of the company at 61.75 rupees per share.
* ASHOK LEYLAND: Plans to raise up to 7 bln rupees through the qualified
institutional placement route.
* COAL INDIA: Has blamed NTPC Kaniha for failing to lift the required quantity of
coal from the sidings. Hence, COAL INDIA arm Mahanadi Coalfields is exploring
alternatives to liquidate piling stock. Additional Secretary A.K. Dubey has been
appointed as chairman of the company for three months with immediate effect .
* COAL INDIA: Is blaming NTPC Kaniha for failing to lift the required quantity of coal
from the sidings, arm Mahanadi Coalfields is exploring alternatives to liquidate piling
stock. Additional secretary A.K. Dubey has been appointed as chairman for three months
with immediate effect .
* CROMPTON GREAVES: Along with Iemants and Fabricom has secured an order
worth over 150 mln euro (around 12.30 bln rupees) from the Netherlands-based Van
Oord for an offshore wind project.
* FINANCIAL TECHNOLOGIES INDIA: Has appointed Sharp & Tanna as statutory
auditors and VP Mehta & Co as internal auditors.
* HDFC BANK: Managing Director Aditya Puri has said the bank does not require any
capital right now, but has still taken an enabling resolution to raise 100 bln rupees.
* HINDALCO INDUSTRIES: Rating agency CRISIL has cut its rating on the company's
long-term rating to debt rating to AA/Stable from AA+/Stable with a stable outlook,
saying that the company's operating profit may take longer to improve.
* HERO MOTOCORP: Has welcomed the extension of reduction in the excise duty on
vehicles until Dec 31, but said it wished the extension would have been until March
2016.
* JSW ENERGY: May be looking to acquire LANCO INFRATECH's 1,200 MW
thermal power plant in Udipi, Karnataka.* JSW STEEL: Welspun Group is set to sell off Welspun Maxsteel to JSW STEEL at a
loss of equity worth 3 bln rupees, after which JSW STEEL will take over the 11 bln rupee
debt of the company and free all the guarantees given by the Welspun group to banks.
* JUBILANT FOODWORKS: Has launched 10 new pizza products under the Domino's
Pizza brand.
* MAN INFRACONSTRUCTION: Board has approved 5-for-1 stock split.
* MCLEOD RUSSEL INDIA: The company's arm Phu Ben Tea Co has signed an
agreement with Ngoc Hai Co for acquisition of tea factory at Doan Hung in Vietnam.
* MINDTREE: President, Chief Technical Officer and Executive Director S.
Janakiraman sold 30,000 shares of the company at 910.03 rupees per share through the
open market on Wednesday.
* MULTI COMMODITY EXCHANGE OF INDIA: Gold dealer RiddiSiddhi Bullion has
claimed 1 bln rupees in damages from the company and audit firm
PricewaterhouseCoopers each for causing harm to its reputation.
* NESTLE INDIA: Flagship brand Maggi noodles is working on a plan to launch oats
noodles to regain the market share it has lost to healthier alternatives, newer entrants, and
snacks like potato fries.
* NTPC: May revive its 4,000 MW coal-fired thermal power plant in Andhra Pradesh.
* NRB BEARINGS: Sundaram Mutual Fund has bought 930,071 shares, representing
0.96% stake, of company at 83 rupees per share.
* OIL AND NATURAL GAS CORP: Wants international oil crude oil prices for produce
from its marginal fields, and for the producing fields wants close to $65 a barrel after
extending discounts to public sector oil retailers.
* OMNITECH INFOSOLUTIONS: Mario Oscar Francis Lobo has bought 132,877
shares, or 0.89% stake, of the company at 12.75 rupees per share.
* RELIANCE COMMUNICATIONS: Has raised around 48 bln rupees through qualified
institutional placement.
* TATA STEEL: Has no plans to import iron ore to feed its steel manufacturing factories
and will rely on domestic production from its captive mines or NMDC.
* WIPRO: The Competition Commission of India has rejected allegations that the
WIPRO-General Electric joint venture Wipro GE Healthcare had abused its
dominant market position with respect to sale and repair of medical equipment.
* ANJANI PORTLAND CEMENT: Chettinad Cement Corp has made an open offer to
acquire 4.78 mln shares of the company at 61.75 rupees per share.
* ASHOK LEYLAND: Plans to raise up to 7 bln rupees through the qualified
institutional placement route.
* COAL INDIA: Has blamed NTPC Kaniha for failing to lift the required quantity of
coal from the sidings. Hence, COAL INDIA arm Mahanadi Coalfields is exploring
alternatives to liquidate piling stock. Additional Secretary A.K. Dubey has been
appointed as chairman of the company for three months with immediate effect .
* COAL INDIA: Is blaming NTPC Kaniha for failing to lift the required quantity of coal
from the sidings, arm Mahanadi Coalfields is exploring alternatives to liquidate piling
stock. Additional secretary A.K. Dubey has been appointed as chairman for three months
with immediate effect .
* CROMPTON GREAVES: Along with Iemants and Fabricom has secured an order
worth over 150 mln euro (around 12.30 bln rupees) from the Netherlands-based Van
Oord for an offshore wind project.
* FINANCIAL TECHNOLOGIES INDIA: Has appointed Sharp & Tanna as statutory
auditors and VP Mehta & Co as internal auditors.
* HDFC BANK: Managing Director Aditya Puri has said the bank does not require any
capital right now, but has still taken an enabling resolution to raise 100 bln rupees.
* HINDALCO INDUSTRIES: Rating agency CRISIL has cut its rating on the company's
long-term rating to debt rating to AA/Stable from AA+/Stable with a stable outlook,
saying that the company's operating profit may take longer to improve.
* HERO MOTOCORP: Has welcomed the extension of reduction in the excise duty on
vehicles until Dec 31, but said it wished the extension would have been until March
2016.
* JSW ENERGY: May be looking to acquire LANCO INFRATECH's 1,200 MW
thermal power plant in Udipi, Karnataka.* JSW STEEL: Welspun Group is set to sell off Welspun Maxsteel to JSW STEEL at a
loss of equity worth 3 bln rupees, after which JSW STEEL will take over the 11 bln rupee
debt of the company and free all the guarantees given by the Welspun group to banks.
* JUBILANT FOODWORKS: Has launched 10 new pizza products under the Domino's
Pizza brand.
* MAN INFRACONSTRUCTION: Board has approved 5-for-1 stock split.
* MCLEOD RUSSEL INDIA: The company's arm Phu Ben Tea Co has signed an
agreement with Ngoc Hai Co for acquisition of tea factory at Doan Hung in Vietnam.
* MINDTREE: President, Chief Technical Officer and Executive Director S.
Janakiraman sold 30,000 shares of the company at 910.03 rupees per share through the
open market on Wednesday.
* MULTI COMMODITY EXCHANGE OF INDIA: Gold dealer RiddiSiddhi Bullion has
claimed 1 bln rupees in damages from the company and audit firm
PricewaterhouseCoopers each for causing harm to its reputation.
* NESTLE INDIA: Flagship brand Maggi noodles is working on a plan to launch oats
noodles to regain the market share it has lost to healthier alternatives, newer entrants, and
snacks like potato fries.
* NTPC: May revive its 4,000 MW coal-fired thermal power plant in Andhra Pradesh.
* NRB BEARINGS: Sundaram Mutual Fund has bought 930,071 shares, representing
0.96% stake, of company at 83 rupees per share.
* OIL AND NATURAL GAS CORP: Wants international oil crude oil prices for produce
from its marginal fields, and for the producing fields wants close to $65 a barrel after
extending discounts to public sector oil retailers.
* OMNITECH INFOSOLUTIONS: Mario Oscar Francis Lobo has bought 132,877
shares, or 0.89% stake, of the company at 12.75 rupees per share.
* RELIANCE COMMUNICATIONS: Has raised around 48 bln rupees through qualified
institutional placement.
* TATA STEEL: Has no plans to import iron ore to feed its steel manufacturing factories
and will rely on domestic production from its captive mines or NMDC.
* WIPRO: The Competition Commission of India has rejected allegations that the
WIPRO-General Electric joint venture Wipro GE Healthcare had abused its
dominant market position with respect to sale and repair of medical equipment.
