Daily Stock News - 09.05.2017

Daily Stock News - 09.05.2017

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 * 63 MOONS TECHNOLOGIES: The Central Bureau of Investigation has found that nine shell companies were allegedly diverting proceeds related to the National Spot Exchange scam to other avenues. The National Spot Exchange is an arm of the company formerly known as Financial Technologies India.
* ABB INDIA: Reported Jan-Mar net profit of 881.7 mln rupees, up 3.2% on year, while net sales rose 9.4% on year to 22.96 bln rupees. * BHARTI INFRATEL: Reported Jan-Mar consolidated net profit of 6 bln rupees, down 16.9% on year, while total revenue rose 13.2% on year to 16 bln rupees. The company will pay a dividend of 4 rupees per share.
 * CMI: Has received an order for supply of 66-kV cross-linked polyethylene cables from Gujarat Energy Transmission, valued at 362 mln rupees
. * COAL INDIA: The government may merge the company's pension fund with the Employees' Provident Fund to overcome a shortfall and ensure that payments to pensioners are not disrupted.
 * EID PARRY INDIA: The Company’s division Parry Nutraceuticals has received the US Food and Drug Administration's approval to cultivate and process micro-algae at Oonaiyur plant in Tamil Nadu.
* EMAMI: Aims to expand its presence in the sub-Saharan African region. * EROS INTERNATIONAL MEDIA: Has signed a television syndication deal with Zee for a slate of its forthcoming releases this year.
* FORTIS HEALTHCARE: The promoters are asking for 250 rupees per share in the sale of a controlling stake in the company.
 * GOL OFFSHORE: The Bombay High Court has admitted petitions for winding up the company. The petitions were filed by the Export Import Bank of India and PUNJAB NATIONAL BANK (International).
 * HAVELLS INDIA: Has completed the acquisition of consumer durables business of LLOYD ELECTRIC & ENGINEERING for 16 bln rupees.
 * INTERGLOBE AVIATION: IndiGo launched a three-day summer sale of tickets starting at an all-inclusive fare of 899 rupees.
* LAKSHMI VILAS BANK: Has cut its Base Rate by 25 basis points to 10.15%. * MARUTI SUZUKI INDIA: Is preparing for a bigger role in product development programme of parent Suzuki, buoyed by the success of Vitara Brezza, in which its engineers took the lead.
 * SHOPPERS STOP: After a weak performance in 2016-17 (Apr-Mar), the company expects its business to see a turnaround in the current financial year.
 * TATA GLOBAL BEVERAGES: To launch a host of fruit-based drinks in variants such as mango and orange.
* TATA MOTORS: About 100 employees have opted for the voluntary retirement scheme offered by the company, as it plans to reorganize management structure and curtail costs. - Skoda plans multi-product rollout with an aim to make a comeback into the highvolume small car category.
 * TATA SPONGE IRON: Has received approval from the Ministry of Environment for enhancement of direct reduced iron production capacity by 35,000 tn per annum at Bileipada in Odisha.
 * TORRENT PHARMACEUTICALS: Has completed the acquisition of Regestrone and Pregachieve brands from Switzerland-based pharmaceutical company Novartis AG
. * UNION BANK OF INDIA: Reported Jan-Mar net profit of 1.1 bln rupees, up 12.6% on year, while total revenue rose 10% on year to 97.7 bln rupees.
 * UNITECH: The Supreme Court has ordered distribution of 155 mln rupees, deposited in its registry by the company, to home buyers in the company's Vista housing project in Gurugram on a pro-rata basis.
 * VEDANTA: Has sought bids from oilfield service providers for integrated development of its main Mangala, Bhagyam and Aishwariya fields in the prolific Rajasthan block as it looks at outside help to raise output.
 * WOCKHARDT: The company, under pressure from the US regulator, has started exporting to Malaysia, Sri Lanka, Australia, Egypt, New Zealand and other countries.
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