Daily Stock News Today – 05.09.2017
* APEX FROZEN FOODS: BNP Paribas Arbitrage sold 200,000 shares of the company at 211.95 rupees a share in a bulk deal on the National Stock Exchange.
* ASHOK LEYLAND: Has launched Dost+, an upgraded version of its light commercial vehicle Dost.
* BAJAJ FINANCE: Has raised 5.05 bln rupees through issue of non-convertible debentures maturing in 1,163 days, at a coupon of 7.2525%.
* BANK OF BARODA: Life Insurance Corp of India has sold 46.98 mln shares or 2.04% stake in the public-sector bank in open market.
* CAREER POINT: Two funds owned by Fidelity Investments have together sold 1.18 mln shares, or 6.5% stake, of the company in a bulk deal.
* COAL INDIA: The company and its subsidiaries have set up control rooms to monitor coal stocks at power plants on a 24x7 basis and give priority to units that are severely short supplied. Union leaders blamed the coal ministry for allegedly compelling the company to include "unacceptable terms" in the talks of signing a wage agreement last week.
* FEDERAL BANK: Has cut interest rate on savings accounts with balance of up to 5 mln rupees by 50 basis points to 3.5%, effective Aug 25.
* HDFC BANK: The Reserve Bank of India has added the bank to its list of domestic systemically important banks in 2017 and the surcharge for it will be applicable from Apr 1, the central bank said.
* HINDUSTAN UNILEVER: Has obtained an ad-interim injunction against Patanjali Ayurved's toilet soap advertisement, which allegedly disparaged the company's soap brands.
* HOTEL LEELAVENTURE: American private equity fund Marigold Capital and Investments has agreed to buy the company's 326-room hotel in Chennai.
* IRB INFRASTRUCTURE DEVELOPERS: Company's wholly-owned subsidiary, Udaipur Tollway, has started the sixlaning of road from Udaipur to Rajasthan-Gujarat border on Sunday.
* JSW STEEL: Odisha Mining Corp is keen to have a long-term iron ore supply pact with the steel company.
* KARNATAKA BANK: Has cut its one-year marginal cost of funds-based lending rate by 5 basis points, effective Sep 1.
* MAHINDRA & MAHINDRA: Total vehicle production in August was up nearly 10% at 44,299 units against 40,282 units produced a year ago.
* MANPASAND BEVERAGES: Has tied-up with Parle Products for a promotional venture.
* MARUTI SUZUKI INDIA: Won't hesitate to launch electric cars if there is a demand in the market, Chairman R.C. Bhargava said. Total vehicle production rose 23.3% on year in August to 157,863 units.
* PHOENIX MILLS: Is looking to expand its presence in Bengaluru.
* PIRAMAL ENTERPRISES: Step-down wholly-owned subsidiary Piramal Housing Finance got a certification of registration from National Housing Bank on Aug 28.
* RELIANCE COMMUNICATIONS: Is said to have shortlisted nine companies, from which it will select one, to jointly develop and transform its 133-acre Dhirubhai Ambani Knowledge Complex campus near Mumbai.
* RELIGARE ENTERPRISES: HOUSING DEVELOPMENT FINANCE CORP has sold 1.13 mln shares of the company at 44.71 rupees a share in a bulk deal on the National Stock Exchange.
- Some investors, who hold pledged shares of the company, have filed a lawsuit in the Bombay High Court against the company's promoters after the Singh brothers proposed the company pay 5 bln rupees from divestment proceeds and settle a loan given by AXIS BANK to one of its arms.
* RURAL ELECTRIFICATION CORP: Plans to issue bonds maturing in five years and has sought bids from merchant bankers between 1100 IST and 1115 IST Tuesday.
* STERLING BIOTECH: Has clarified on a news report "CBI files FIR against Sterling Biotech", stating that the company has not got the copy of the first information report from the Central Bureau of Investigation.
* SUN PHARMACEUTICAL INDUSTRIES: US-based arm Taro Pharmaceutical Industries has appointed Uday Baldota as its chief executive officer with effect from Aug 28.
* TATA MOTORS: SEBI has disposed of a case against the company related to alleged non-redressal of investor complaints.
* THOMAS COOK (INDIA): Is among several companies interested in buying lender IFCI's 26.09% stake in TOURISM FINANCE CORP OF INDIA.
* WIPRO: Has launched a digital pod in Edinburgh, Scotland
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* ASHOK LEYLAND: Has launched Dost+, an upgraded version of its light commercial vehicle Dost.
* BAJAJ FINANCE: Has raised 5.05 bln rupees through issue of non-convertible debentures maturing in 1,163 days, at a coupon of 7.2525%.
* BANK OF BARODA: Life Insurance Corp of India has sold 46.98 mln shares or 2.04% stake in the public-sector bank in open market.
* CAREER POINT: Two funds owned by Fidelity Investments have together sold 1.18 mln shares, or 6.5% stake, of the company in a bulk deal.
* COAL INDIA: The company and its subsidiaries have set up control rooms to monitor coal stocks at power plants on a 24x7 basis and give priority to units that are severely short supplied. Union leaders blamed the coal ministry for allegedly compelling the company to include "unacceptable terms" in the talks of signing a wage agreement last week.
* FEDERAL BANK: Has cut interest rate on savings accounts with balance of up to 5 mln rupees by 50 basis points to 3.5%, effective Aug 25.
* HDFC BANK: The Reserve Bank of India has added the bank to its list of domestic systemically important banks in 2017 and the surcharge for it will be applicable from Apr 1, the central bank said.
* HINDUSTAN UNILEVER: Has obtained an ad-interim injunction against Patanjali Ayurved's toilet soap advertisement, which allegedly disparaged the company's soap brands.
* HOTEL LEELAVENTURE: American private equity fund Marigold Capital and Investments has agreed to buy the company's 326-room hotel in Chennai.
* IRB INFRASTRUCTURE DEVELOPERS: Company's wholly-owned subsidiary, Udaipur Tollway, has started the sixlaning of road from Udaipur to Rajasthan-Gujarat border on Sunday.
* JSW STEEL: Odisha Mining Corp is keen to have a long-term iron ore supply pact with the steel company.
* KARNATAKA BANK: Has cut its one-year marginal cost of funds-based lending rate by 5 basis points, effective Sep 1.
* MAHINDRA & MAHINDRA: Total vehicle production in August was up nearly 10% at 44,299 units against 40,282 units produced a year ago.
* MANPASAND BEVERAGES: Has tied-up with Parle Products for a promotional venture.
* MARUTI SUZUKI INDIA: Won't hesitate to launch electric cars if there is a demand in the market, Chairman R.C. Bhargava said. Total vehicle production rose 23.3% on year in August to 157,863 units.
* PHOENIX MILLS: Is looking to expand its presence in Bengaluru.
* PIRAMAL ENTERPRISES: Step-down wholly-owned subsidiary Piramal Housing Finance got a certification of registration from National Housing Bank on Aug 28.
* RELIANCE COMMUNICATIONS: Is said to have shortlisted nine companies, from which it will select one, to jointly develop and transform its 133-acre Dhirubhai Ambani Knowledge Complex campus near Mumbai.
* RELIGARE ENTERPRISES: HOUSING DEVELOPMENT FINANCE CORP has sold 1.13 mln shares of the company at 44.71 rupees a share in a bulk deal on the National Stock Exchange.
- Some investors, who hold pledged shares of the company, have filed a lawsuit in the Bombay High Court against the company's promoters after the Singh brothers proposed the company pay 5 bln rupees from divestment proceeds and settle a loan given by AXIS BANK to one of its arms.
* RURAL ELECTRIFICATION CORP: Plans to issue bonds maturing in five years and has sought bids from merchant bankers between 1100 IST and 1115 IST Tuesday.
* STERLING BIOTECH: Has clarified on a news report "CBI files FIR against Sterling Biotech", stating that the company has not got the copy of the first information report from the Central Bureau of Investigation.
* SUN PHARMACEUTICAL INDUSTRIES: US-based arm Taro Pharmaceutical Industries has appointed Uday Baldota as its chief executive officer with effect from Aug 28.
* TATA MOTORS: SEBI has disposed of a case against the company related to alleged non-redressal of investor complaints.
* THOMAS COOK (INDIA): Is among several companies interested in buying lender IFCI's 26.09% stake in TOURISM FINANCE CORP OF INDIA.
* WIPRO: Has launched a digital pod in Edinburgh, Scotland
