STOCKS ALERT – 30.06.2014
* ADANI POWER: Gujarat High Court has issued notices to the company and
ADANI PORTS AND SPECIAL ECONOMIC ZONE on a petition alleging violation of
environment norms by the companies.
* CADILA HEALTHCARE: Has lost rights to market Borhringer Ingelheim's
dulcolax and Buscopan brands after talks to renew contracts failed.
* COAL INDIA: Power and Coal Minister Piyush Goyal has said that the
government has no plans on splitting the company. There has been a temporary
withdrawal of an indefinite strike at the company's Talcher coalfields.
* DABUR INDIA: The company plans to focus more on the chemist network to
increase sales of its personal and healthcare products.
* DEWAN HOUSING FINANCE CORP: Arm DHFL Vysya Housing Finance will offer
15-year rural housing loans of up to 1.5 mln rupees at 9.35% interest rate.
* DR REDDY'S LABORATORIES: Has nine new drugs in different areas, including
metabolic disorders, psoriasis, migraine, at the clinical development stage.
* GAIL INDIA: Will suffer nominal loss due to the fire at its gas pipeline in
Andhra Pradesh. Has suspended two senior officials of its Andhra Pradesh office
after a fire caused by a possible leakage in an underground gas pipeline killed 19
and injured several others.
* INDUSIND BANK: Has shortlisted four executives to succeed Managing Director
and Chief Executive Officer Romesh Sobti.
* INFOSYS: Another senior official of the company, head of computers and
communications division K. Murali Krishna, has quit.
* INOX LEISURE: Is in talks to buy Satyam Cineplexes in a transaction that may
be valued at 2.20 bln rupees.
* KESORAM INDUSTRIES: May sell its profit making tyre division as part of a
reorganisation exercise aimed at reducing debt.* L&T FINANCE HOLDINGS: Will seek shareholders' approval to issue cumulative
non-convertible redeemable preference shares worth 10 bln rupees.
* OIL AND NATURAL GAS CORP: Board has approved re-development of its
offshore field Mumbai High (North) with investment of 57.06 bln rupees. Moody's
Investors Service has assigned a provisional Baa2 rating to the proposed foreign
currency senior unsecured bonds issue of ONGC Videsh.
* OMAXE: The company plans to raise 3 bln rupees this financial year through
sale of equity to fund existing and future projects.
* PRESTIGE ESTATES PROJECTS: Has sought shareholders' approval to increase
its borrowing limit to 40 bln rupees and also raise funds via issue of up to 25 mln
shares.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees through qualified
institutional placement of 338.29 mln shares at 142.14 rupees each.
* RELIANCE INDUSTRIES: The Comptroller and Auditor General has rejected
telecom department's stand allowing the company's arm to offer voice services
using broadband spectrum. The company has strongly dismissed allegations by
CAG and said that its telecom subsidiary Reliance Jio has followed rules laid out
by the government from time to time. The company along with its partner
British Petroleum plans to invest 8 bln rupees to carry out exploratory drilling in
an offshore block in the Bay of Bengal.
* RELIANCE POWER: The Coal Ministry has sought the Finance Ministry's view on
whether the company can be allowed to mortgage coal blocks linked to the
Sasan ultra mega power plant to raise debt.
* SPICEJET: Has introduced a low-fare scheme with all-inclusive air fares starting
at 1,999 rupees for tickets booked till Jun 30, and was followed by rival IndiGo
which announced all-inclusive air fares priced between 1,499 rupees and 3,999
rupees
* TATA CONSULTANCY SERVICES: Management says the company is well- positioned against competitors across verticals and is optimistic of getting better
growth opportunities in FY15.
* ADANI POWER: Gujarat High Court has issued notices to the company and
ADANI PORTS AND SPECIAL ECONOMIC ZONE on a petition alleging violation of
environment norms by the companies.
* CADILA HEALTHCARE: Has lost rights to market Borhringer Ingelheim's
dulcolax and Buscopan brands after talks to renew contracts failed.
* COAL INDIA: Power and Coal Minister Piyush Goyal has said that the
government has no plans on splitting the company. There has been a temporary
withdrawal of an indefinite strike at the company's Talcher coalfields.
* DABUR INDIA: The company plans to focus more on the chemist network to
increase sales of its personal and healthcare products.
* DEWAN HOUSING FINANCE CORP: Arm DHFL Vysya Housing Finance will offer
15-year rural housing loans of up to 1.5 mln rupees at 9.35% interest rate.
* DR REDDY'S LABORATORIES: Has nine new drugs in different areas, including
metabolic disorders, psoriasis, migraine, at the clinical development stage.
* GAIL INDIA: Will suffer nominal loss due to the fire at its gas pipeline in
Andhra Pradesh. Has suspended two senior officials of its Andhra Pradesh office
after a fire caused by a possible leakage in an underground gas pipeline killed 19
and injured several others.
* INDUSIND BANK: Has shortlisted four executives to succeed Managing Director
and Chief Executive Officer Romesh Sobti.
* INFOSYS: Another senior official of the company, head of computers and
communications division K. Murali Krishna, has quit.
* INOX LEISURE: Is in talks to buy Satyam Cineplexes in a transaction that may
be valued at 2.20 bln rupees.
* KESORAM INDUSTRIES: May sell its profit making tyre division as part of a
reorganisation exercise aimed at reducing debt.* L&T FINANCE HOLDINGS: Will seek shareholders' approval to issue cumulative
non-convertible redeemable preference shares worth 10 bln rupees.
* OIL AND NATURAL GAS CORP: Board has approved re-development of its
offshore field Mumbai High (North) with investment of 57.06 bln rupees. Moody's
Investors Service has assigned a provisional Baa2 rating to the proposed foreign
currency senior unsecured bonds issue of ONGC Videsh.
* OMAXE: The company plans to raise 3 bln rupees this financial year through
sale of equity to fund existing and future projects.
* PRESTIGE ESTATES PROJECTS: Has sought shareholders' approval to increase
its borrowing limit to 40 bln rupees and also raise funds via issue of up to 25 mln
shares.
* RELIANCE COMMUNICATIONS: Has raised 48.08 bln rupees through qualified
institutional placement of 338.29 mln shares at 142.14 rupees each.
* RELIANCE INDUSTRIES: The Comptroller and Auditor General has rejected
telecom department's stand allowing the company's arm to offer voice services
using broadband spectrum. The company has strongly dismissed allegations by
CAG and said that its telecom subsidiary Reliance Jio has followed rules laid out
by the government from time to time. The company along with its partner
British Petroleum plans to invest 8 bln rupees to carry out exploratory drilling in
an offshore block in the Bay of Bengal.
* RELIANCE POWER: The Coal Ministry has sought the Finance Ministry's view on
whether the company can be allowed to mortgage coal blocks linked to the
Sasan ultra mega power plant to raise debt.
* SPICEJET: Has introduced a low-fare scheme with all-inclusive air fares starting
at 1,999 rupees for tickets booked till Jun 30, and was followed by rival IndiGo
which announced all-inclusive air fares priced between 1,499 rupees and 3,999
rupees
* TATA CONSULTANCY SERVICES: Management says the company is well- positioned against competitors across verticals and is optimistic of getting better
growth opportunities in FY15.
