Daily Stock News Today – 07.09.2017
* ASIAN PAINTS: PT Asian Paints Indonesia, a wholly-owned subsidiary of Berger International, which is an indirect subsidiary of the company, started operations at its 5,000 tn per year-capacity plant in Jawa Barat region in Indonesia on Tuesday.
* CIPLA: Some of its promoters and promoter group along with their relatives have entered into an agreement on transfer of their shares in the company.
* COAL INDIA: As many as 89 projects of the company are running behind schedule due to reasons such as delay in green clearances, and law and order problems.
* EICHER MOTORS: Is revving up to make a binding offer to acquire the iconic Italian superbikes Ducati for $1.8 bln- $2.0 bln.
* ELECTROSTEEL STEELS: The National Company Law Tribunal has directed the company's interim resolution professional to file an application before it, confirming his appointment by the Committee of Creditors.
* FORTIS HEALTHCARE: The Delhi High Court has reserved its judgment on the enforcement of over 35-bln-rupee arbitration award to Daiichi Sankyo Co by the company promoter brothers Malvinder Singh and Shivinder Singh.
* GAIL INDIA: Is set to sign a ship chartering deal with TOTAL SA to hire a LNG tanker for three years from the oil major for hauling gas from the US starting January.
* GATEWAY DISTRIPARKS: US-based GMO Emerging Domestic Opportunities Fund has sold 1.26 mln shares or 1.1% stake in the company at 219.67 rupees apiece in a bulk deal on the National Stock Exchange.
* HCL TECHNOLOGIES: The company has purchased technology assets, including unique blend skills along with methods and tools of banking vertical, of the UK-based Alpha Insight for 3.25 mln pound sterling.
* HDFC BANK: Is looking to sell new credit cards to first-time customers based on their purchase history and social media analytics.
* HIMACHAL FUTURISTIC COMMUNICATIONS: Grantham Mayo Van Otterloo-Emerging Markets Quality Fund has bought 11.08 mln shares of the company, representing 0.9% stake, at 23.92 rupees apiece, in a bulk deal on the National Stock Exchange.
* HINDALCO INDUSTRIES: Will invest in new capacities for auto component offerings from its Canadian arm Novelis and expand manufacturing lines to grow auto shipments to a quarter of the total production capacity.
* IDBI BANK: Will cut some of its marginal cost of fund-based lending rates by 5-10 basis points, the lender informed the exchanges.
* INDIABULLS HOUSING FINANCE: Has bought back 1,000 non-convertible debentures maturing in August 2019, following a buyback of 250 such papers on Tuesday.
* INDIAN BANK: To reduce its marginal cost of funds-based lending rates by 15 basis points across tenures, effective today.
* ITC: The consumption of illegally-manufactured cigarettes has increased due to a rise in tax on the product, said the company's Chief Executive Officer Sanjiv Puri.
- Has filed a 10 bln rupees defamation suit against proxy advisory firm IiAS at the Calcutta High Court for allegedly making 'defamatory' statements against the company and its directors.
* JM FINANCIAL: Arm JM Financial Asset Reconstruction Co has offered to buy out all outstanding loans to Gujarat NRE Coke.
* MEDIA MATRIX WORLDWIDE: Has sold its entire stake in wholly-owned DigiCall Teleservices to Karvy Data Management Services.
* NBCC INDIA: Has got an order worth 4.64 bln rupees from the Ministry of Health and Family Welfare for expansion of Sports Injury Centre, New Delhi.
* PETRONET LNG: Will soon form a joint venture with Japanese and Sri Lankan companies to build a liquefied natural gas terminal near Colombo.
* PUNJAB & SIND BANK: To cut its marginal cost of funds-based lending rates by 5-45 basis points across tenures, effective from Thursday.
* PUNJ LLOYD: The National Highways Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha.
* RAYMOND LTD: Life Insurance Corp has reduced its stake in textile and apparel major by 2.01%, selling 1.2 mln shares in the open market.
* RELIANCE INDUSTRIES: Will acquire the assets of Kemrock Industries & Exports from a consortium of 11 lenders led by Allahabad Bank. The apex court has directed the Centre to file an affidavit within two weeks to explain what decision it has taken regarding allocation of gas produced from the company-operated Krishna-Godavari basin to core areas.
- Arm Reliance Jio made several records not only in India but across the globe and crossed 130 mln
customers' mark in one year of its operations, Chairman Mukesh Ambani said. BHARTI AIRTEL has written to TRAI saying that Reliance Jio was continuously trying to distort facts at various platforms to "show other operators in bad light and create policy bias in its favour".
* STATE BANK OF INDIA: Is now looking at tapping its own customer base to sell cards.
* TATA MOTORS: Over 4,000 temporary workers Wednesday started an agitation at the company's Jamshedpur plant against alleged non-payment of revised wages.
* VARDHMAN TEXTILES: Has bought 10.56% stake in its arm VMT Spinning Co from Marubeni Corp and Marubeni Hong Kong and South China.
* VIJAYA BANK: Will cut its six-month and one-year marginal cost of funds-based lending rates by 10 basis points and 15 bps, respectively, to 8.50% each, on Thursday.
* WIPRO: Has won a five-year information technology solutions contract from Finland-based Outokumpu.
* YES BANK: Has partnered with Samsung to enable its credit card-holders use the tap and pay option at merchant outlets.
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* CIPLA: Some of its promoters and promoter group along with their relatives have entered into an agreement on transfer of their shares in the company.
* COAL INDIA: As many as 89 projects of the company are running behind schedule due to reasons such as delay in green clearances, and law and order problems.
* EICHER MOTORS: Is revving up to make a binding offer to acquire the iconic Italian superbikes Ducati for $1.8 bln- $2.0 bln.
* ELECTROSTEEL STEELS: The National Company Law Tribunal has directed the company's interim resolution professional to file an application before it, confirming his appointment by the Committee of Creditors.
* FORTIS HEALTHCARE: The Delhi High Court has reserved its judgment on the enforcement of over 35-bln-rupee arbitration award to Daiichi Sankyo Co by the company promoter brothers Malvinder Singh and Shivinder Singh.
* GAIL INDIA: Is set to sign a ship chartering deal with TOTAL SA to hire a LNG tanker for three years from the oil major for hauling gas from the US starting January.
* GATEWAY DISTRIPARKS: US-based GMO Emerging Domestic Opportunities Fund has sold 1.26 mln shares or 1.1% stake in the company at 219.67 rupees apiece in a bulk deal on the National Stock Exchange.
* HCL TECHNOLOGIES: The company has purchased technology assets, including unique blend skills along with methods and tools of banking vertical, of the UK-based Alpha Insight for 3.25 mln pound sterling.
* HDFC BANK: Is looking to sell new credit cards to first-time customers based on their purchase history and social media analytics.
* HIMACHAL FUTURISTIC COMMUNICATIONS: Grantham Mayo Van Otterloo-Emerging Markets Quality Fund has bought 11.08 mln shares of the company, representing 0.9% stake, at 23.92 rupees apiece, in a bulk deal on the National Stock Exchange.
* HINDALCO INDUSTRIES: Will invest in new capacities for auto component offerings from its Canadian arm Novelis and expand manufacturing lines to grow auto shipments to a quarter of the total production capacity.
* IDBI BANK: Will cut some of its marginal cost of fund-based lending rates by 5-10 basis points, the lender informed the exchanges.
* INDIABULLS HOUSING FINANCE: Has bought back 1,000 non-convertible debentures maturing in August 2019, following a buyback of 250 such papers on Tuesday.
* INDIAN BANK: To reduce its marginal cost of funds-based lending rates by 15 basis points across tenures, effective today.
* ITC: The consumption of illegally-manufactured cigarettes has increased due to a rise in tax on the product, said the company's Chief Executive Officer Sanjiv Puri.
- Has filed a 10 bln rupees defamation suit against proxy advisory firm IiAS at the Calcutta High Court for allegedly making 'defamatory' statements against the company and its directors.
* JM FINANCIAL: Arm JM Financial Asset Reconstruction Co has offered to buy out all outstanding loans to Gujarat NRE Coke.
* MEDIA MATRIX WORLDWIDE: Has sold its entire stake in wholly-owned DigiCall Teleservices to Karvy Data Management Services.
* NBCC INDIA: Has got an order worth 4.64 bln rupees from the Ministry of Health and Family Welfare for expansion of Sports Injury Centre, New Delhi.
* PETRONET LNG: Will soon form a joint venture with Japanese and Sri Lankan companies to build a liquefied natural gas terminal near Colombo.
* PUNJAB & SIND BANK: To cut its marginal cost of funds-based lending rates by 5-45 basis points across tenures, effective from Thursday.
* PUNJ LLOYD: The National Highways Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha.
* RAYMOND LTD: Life Insurance Corp has reduced its stake in textile and apparel major by 2.01%, selling 1.2 mln shares in the open market.
* RELIANCE INDUSTRIES: Will acquire the assets of Kemrock Industries & Exports from a consortium of 11 lenders led by Allahabad Bank. The apex court has directed the Centre to file an affidavit within two weeks to explain what decision it has taken regarding allocation of gas produced from the company-operated Krishna-Godavari basin to core areas.
- Arm Reliance Jio made several records not only in India but across the globe and crossed 130 mln
customers' mark in one year of its operations, Chairman Mukesh Ambani said. BHARTI AIRTEL has written to TRAI saying that Reliance Jio was continuously trying to distort facts at various platforms to "show other operators in bad light and create policy bias in its favour".
* STATE BANK OF INDIA: Is now looking at tapping its own customer base to sell cards.
* TATA MOTORS: Over 4,000 temporary workers Wednesday started an agitation at the company's Jamshedpur plant against alleged non-payment of revised wages.
* VARDHMAN TEXTILES: Has bought 10.56% stake in its arm VMT Spinning Co from Marubeni Corp and Marubeni Hong Kong and South China.
* VIJAYA BANK: Will cut its six-month and one-year marginal cost of funds-based lending rates by 10 basis points and 15 bps, respectively, to 8.50% each, on Thursday.
* WIPRO: Has won a five-year information technology solutions contract from Finland-based Outokumpu.
* YES BANK: Has partnered with Samsung to enable its credit card-holders use the tap and pay option at merchant outlets.
