STOCKS NEWS TODAY – 30.08.2016
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
* ASHOKA BUILDCON: Has secured a 9.46-bln-rupee contract from the National Highways Authority of India for two/four-laning of the Rajgunj-Chas- Jharkhand/West Bengal border on an engineering, procurement, and construction basis.
* AKZO NOBEL INDIA: Has started construction of new powder coating plant in Mumbai.
* BASF INDIA: Parent company BASF SE, Germany, has signed a pact with The Netherlands-based IGM Holding Cooperatief U.A.B.V to sell its global photoinitiator business.
* BHARTI AIRTEL: Has slashed 4G and 3G mobile internet charges by up to 80% to as low as 51 rupees per GB under a special scheme in a move to counter Reliance Jio.
* COAL INDIA: Has fixed Sep 9 as the record date for buying back its shares. Its shareholders had last week approved buyback of 109.8 shares at a price of 335 rupees a piece.
* CYIENT: To pay 2.5 rupees/share special dividend to shareholders.
* DEWAN HOUSING FINANCE CORP: Public issue of non-convertible debentures was subscribed 6.3 times on the first day. The company received bids worth 126.5 bln rupees against an aggregate issue size of 100 bln rupees.
* DLF: Reported a 107.7% on year rise in Apr-Jun consolidated net profit to 2.6 bln rupees and a 21.8% decline in income from operations at 18.7 bln rupees.
* ECLERX SERVICES: Board has approved the buyback of 1.07 mln shares, or 2.62% stake, of the
company at a maximum buyback price of 2,200 rupees per share.
* EROS INTERNATIONAL MEDIA: "Happy Bhag Jayegi", a film distributed by the company has garnered 221.1 mln rupees in ticket sales in India.
* FUTURE RETAIL: InI Farms has formed an equal joint venture with the Future Group that will supply pomegranate and banana to the latter. Both companies will jointly invest 600 mln rupees over the next five years and work with about 12,000 farmers from Andhra Pradesh.
* GRASIM: The Aditya Birla Group is planning to exit low margins business in India and abroad, as part of its plan to reorganise its activities, post-merger of Grasim and ADITYA BIRLA NUVO.
* GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS: Life Insurance Corp of India has sold 2% of its stake in the company between Aug 4 and Aug 26.
* INDIAN HOTELS: Is seeking long-term returns through appreciation for its land bank at the site of the Sea Rock Hotel in the northern suburb of Mumbai after getting the necessary clearances.
* INDIAN OIL CORP: Has cleared $510 mln of the $621 mln it owed Iran in outstanding dues for crude oil purchases. The remaining payment is being made in regular instalments as per the mechanism agreed to by the two countries.
* IDBI BANK: Has cut its stake in rating agency CARE to 3.40% from 6.12%. The bank sold 800,773 shares in open market.
* INDIAN HOTELS CO: Is seeking long-term returns through appreciation for its land bank at the site of the Sea Rock Hotel in the northern suburb of Mumbai after getting the necessary clearances.
* KSK ENERGY VENTURES: Will seek shareholders' nod for an enabling resolution which will enable the company raise up to Rs. 5,000 crore.
* NEW DELHI TELEVISION: LTS Investment Fund Ltd bought 6.29 mln shares, or 9.75% stake, in the company at 81 rupees per share, through a block deal on BSE.
* RAMKY INFRASTRUCTURE: Has received a 7-bln-rupee order from National Highways Authority of India for four-laning of the Barhi-Hazaribagh section on an engineering, procurement, and construction basis.
* RASHTRIYA CHEMICALS & FERTILIZERS: Has got approval from the board to issue secured nonconvertible debentures worth 10 bln rupees.
* RELIANCE INDUSTRIES: Centre's green panel has given environmental clearance to the company for expansion of its jetty facility in Jamnagar, Gujarat, for handling chemicals and petroleum products at a cost of 7.5 bln rupees. A government-appointed panel examining a dispute over migration of gas from OIL & NATURAL GAS CORP held blocks in the Bay of Bengal to adjacent fields of Reliance Industries will submit its report to the Ministry of Petroleum by Aug 31.
* WIPRO: Has partnered with Denmark-based Stibo Systems to offer data management solutions.
* ZEE ENTERTAINMENT ENTERPRISE : Is in an advanced stage of discussion with potential buyers for the sale of its sports business.
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
* ASHOKA BUILDCON: Has secured a 9.46-bln-rupee contract from the National Highways Authority of India for two/four-laning of the Rajgunj-Chas- Jharkhand/West Bengal border on an engineering, procurement, and construction basis.
* AKZO NOBEL INDIA: Has started construction of new powder coating plant in Mumbai.
* BASF INDIA: Parent company BASF SE, Germany, has signed a pact with The Netherlands-based IGM Holding Cooperatief U.A.B.V to sell its global photoinitiator business.
* BHARTI AIRTEL: Has slashed 4G and 3G mobile internet charges by up to 80% to as low as 51 rupees per GB under a special scheme in a move to counter Reliance Jio.
* COAL INDIA: Has fixed Sep 9 as the record date for buying back its shares. Its shareholders had last week approved buyback of 109.8 shares at a price of 335 rupees a piece.
* CYIENT: To pay 2.5 rupees/share special dividend to shareholders.
* DEWAN HOUSING FINANCE CORP: Public issue of non-convertible debentures was subscribed 6.3 times on the first day. The company received bids worth 126.5 bln rupees against an aggregate issue size of 100 bln rupees.
* DLF: Reported a 107.7% on year rise in Apr-Jun consolidated net profit to 2.6 bln rupees and a 21.8% decline in income from operations at 18.7 bln rupees.
* ECLERX SERVICES: Board has approved the buyback of 1.07 mln shares, or 2.62% stake, of the
company at a maximum buyback price of 2,200 rupees per share.
* EROS INTERNATIONAL MEDIA: "Happy Bhag Jayegi", a film distributed by the company has garnered 221.1 mln rupees in ticket sales in India.
* FUTURE RETAIL: InI Farms has formed an equal joint venture with the Future Group that will supply pomegranate and banana to the latter. Both companies will jointly invest 600 mln rupees over the next five years and work with about 12,000 farmers from Andhra Pradesh.
* GRASIM: The Aditya Birla Group is planning to exit low margins business in India and abroad, as part of its plan to reorganise its activities, post-merger of Grasim and ADITYA BIRLA NUVO.
* GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS: Life Insurance Corp of India has sold 2% of its stake in the company between Aug 4 and Aug 26.
* INDIAN HOTELS: Is seeking long-term returns through appreciation for its land bank at the site of the Sea Rock Hotel in the northern suburb of Mumbai after getting the necessary clearances.
* INDIAN OIL CORP: Has cleared $510 mln of the $621 mln it owed Iran in outstanding dues for crude oil purchases. The remaining payment is being made in regular instalments as per the mechanism agreed to by the two countries.
* IDBI BANK: Has cut its stake in rating agency CARE to 3.40% from 6.12%. The bank sold 800,773 shares in open market.
* INDIAN HOTELS CO: Is seeking long-term returns through appreciation for its land bank at the site of the Sea Rock Hotel in the northern suburb of Mumbai after getting the necessary clearances.
* KSK ENERGY VENTURES: Will seek shareholders' nod for an enabling resolution which will enable the company raise up to Rs. 5,000 crore.
* NEW DELHI TELEVISION: LTS Investment Fund Ltd bought 6.29 mln shares, or 9.75% stake, in the company at 81 rupees per share, through a block deal on BSE.
* RAMKY INFRASTRUCTURE: Has received a 7-bln-rupee order from National Highways Authority of India for four-laning of the Barhi-Hazaribagh section on an engineering, procurement, and construction basis.
* RASHTRIYA CHEMICALS & FERTILIZERS: Has got approval from the board to issue secured nonconvertible debentures worth 10 bln rupees.
* RELIANCE INDUSTRIES: Centre's green panel has given environmental clearance to the company for expansion of its jetty facility in Jamnagar, Gujarat, for handling chemicals and petroleum products at a cost of 7.5 bln rupees. A government-appointed panel examining a dispute over migration of gas from OIL & NATURAL GAS CORP held blocks in the Bay of Bengal to adjacent fields of Reliance Industries will submit its report to the Ministry of Petroleum by Aug 31.
* WIPRO: Has partnered with Denmark-based Stibo Systems to offer data management solutions.
* ZEE ENTERTAINMENT ENTERPRISE : Is in an advanced stage of discussion with potential buyers for the sale of its sports business.
