Stock News Today : 19.08.2016
* APOLLO TYRES: In talks with domestic two-wheeler manufacturers to supply tyres as part of its plans to expand business in the segment, where currently it is present only in after-sales market.
* BIRLA POWER SOLUTIONS: Maharashtra home department has attached 10 properties of Birla Group in connection with the alleged scam of over 3 bln rupees involving the company.
* CADILA HEALTHCARE: Arm Zydus Cadila has been sued by Swiss biotech giant Roche along with India's central drug regulator at the Delhi High Court over the approval of breast cancer drug Vivitra.
* DILIP BUILDCON: Has received an order worth 20.2 bln rupees for four-laning of a stretch of the
Lucknow-Sultanpur highway in Uttar Pradesh from the National Highways Authority of India.
* ESSAR OIL: Aims to expand its petrol pump network to 5,000 over the next 12-15 months from 2,400 at present.
* FINANCIAL TECHNOLOGIES INDIA: The Enforcement Directorate's investigation of alleged money laundering in the 55.7-bln-rupee fraud at National Spot Exchange has come to a standstill because of suspects not responding to summons.
* ICICI BANK: Has launched a payment service using a smartphone keyboard named 'iMobile SmartKeys' to make mobile payments easier.
* NESTLE INDIA: Has regained leading marker share after growth in India turned positive in June on good progress with relaunch of Maggi noodle.
* NHPC: The fourth unit of Teesta Low Dam Project has started producing electricity and the stateowned company will start commercial operation from the 40 MW unit from Friday.
* STATE BANK OF INDIA: The proposed merger of its associate banks with the bank will not result in job losses, but could slow down fresh recruitments and also lead to fewer top level management positions within the group.
* STATE BANK OF MYSORE: Shareholders of the bank will receive 22 shares of STATE BANK OF INDIA for every 10 shares held in the bank.
* STATE BANK OF TRAVANCORE: Shareholders of the bank will get 22 shares of STATE BANK OF INDIA for every 10 shares held in the bank.
* TATA CONSULTANCY SERVICES: US airline JetBlue has extended its contract with the company for the management and digitalisation of its process.
* TATA MOTORS: Has delivered 241 buses to Karnataka State Road Transport Corp under the Jawaharlal Nehru Urban Renewal Mission.
* ULTRATECH CEMENT: Plans to raise 5 bln rupees through the issuance of non-convertible debentures maturing in 10 years.
* WIPRO: Will buy minority stake in IntSights Cyber Intelligence Ltd of Israel in a cash deal of $1.5 mln.
