Daily Stock News Today – 05.10.2017
* AU SMALL FINANCE BANK: To sell health insurance products of Aditya Birla Health Insurance as part of a corporate agency tie-up agreement.
* BHARAT HEAVY ELECTRICALS: Has paid a final equity dividend of 39% for 2016-17.
* CEAT: Plans to set up a Greenfield plant in Sriperumbudur, near Chennai, with an estimated
investment of 50 bln rupees.
* CONFIDENCE PETROLEUM INDIA: Subsidiary Blue flame Industries has started a new cylinder
manufacturing unit at Gutjora in Jharkhand, with annual capacity of 500,000 cylinders.
* FORCE MOTORS: Total sales in September were 3,134 units, down 6.7% on year.
* FUTURE RETAIL: Is set to acquire Hyper City from SHOPPERS STOP for 7 bln rupees through a
combination of cash and shares.
* HOUSING DEVELOPMENT FINANCE CORP: The Company’s income from dividend rose to 5.37 bln rupees in Jul-Sep from 4.56 bln rupees in the corresponding period last year.
* ICICI BANK: Has raised 4.75 bln rupees through Basel III-compliant tier-I bonds, at a coupon of 8.55%.
* INFOSYS: Has been asked to deploy more resources to handle the last-minute rush for filing of final goods and services tax returns for July.
* JAGRAN PRAKASHAN: Will pay 20 mln rupees and the balance amount through a bank guarantee to Phonographic Performance for the latter's claim of 42.9 mln rupees against Shri Puran Multimedia, which will demerge its radio business into the company's arm, MUSIC BROADCAST.
* JAI BALAJI INDUSTRIES: IFCI has filed a plea before the National Company Law Tribunal, seeking initiation of insolvency process against the company.
* MAHINDRA & MAHINDRA: Has matched the lowest bid price quoted by TATA MOTORS and
consequently qualified to supply 150 electric vehicles to Energy Efficiency Services.
* NMDC: Has cut the prices of its iron ore products by 100 rupees per tn for October.
* OIL & NATURAL GAS CORP: Subsidiary ONGC Videsh has completed the acquisition of 30%
participating interest in offshore blocks in Namibia from Tullow Namibia, a wholly-owned subsidiary of Tullow Oil Plc.
* PARAG MILK FOODS: The RBI has notified that foreign portfolio investors can invest up to 40% of the paid-up capital in the company, under the portfolio investment scheme, against the earlier limit of 24%.
* PRICOL: Has entered into an agreement with Chinese company Wenzhou Huirun Electrical Machinery Co, for technical collaboration and to supply and produce fuel pump and fuel pump modules in India.
* RELIANCE COMMUNICATIONS: Has sought to withdraw its petitions before the National Company Law Tribunal for merger of its wireless operations with Aircel and sale of tower operations to Brookfield Group.
- Lenders are not keen to convert debt at the higher price announced by the company earlier to its
shareholders because the current market price is far below the conversion price.
* RELIANCE INDUSTRIES: Apple and the company are entering into a partnership to help the former reach 900 cities and towns.
* SPICEJET: Is "working closely" with Japanese company Setouchi Holdings Inc for 10-seater and 14- seater amphibious plane operations to push up regional connectivity, the airline said.
* STATE BANK OF INDIA: The government approved the appointment of Rajnish Kumar as the new chairman of the bank.
- The government should address the capital situation of public sector banks to ensure uninterrupted
lending to productive sectors, said Chairman Arundhati Bhattacharya.
* TATA MOTORS: Has launched a new electronic stability control safety feature for its medium and
heavy commercial vehicles Prima and Signa.
* TOURISM FINANCE: India Opportunities III had acquired 3.2 mln shares, or 4% stake, in the company from the open market on Friday, the latter said.
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* BHARAT HEAVY ELECTRICALS: Has paid a final equity dividend of 39% for 2016-17.
* CEAT: Plans to set up a Greenfield plant in Sriperumbudur, near Chennai, with an estimated
investment of 50 bln rupees.
* CONFIDENCE PETROLEUM INDIA: Subsidiary Blue flame Industries has started a new cylinder
manufacturing unit at Gutjora in Jharkhand, with annual capacity of 500,000 cylinders.
* FORCE MOTORS: Total sales in September were 3,134 units, down 6.7% on year.
* FUTURE RETAIL: Is set to acquire Hyper City from SHOPPERS STOP for 7 bln rupees through a
combination of cash and shares.
* HOUSING DEVELOPMENT FINANCE CORP: The Company’s income from dividend rose to 5.37 bln rupees in Jul-Sep from 4.56 bln rupees in the corresponding period last year.
* ICICI BANK: Has raised 4.75 bln rupees through Basel III-compliant tier-I bonds, at a coupon of 8.55%.
* INFOSYS: Has been asked to deploy more resources to handle the last-minute rush for filing of final goods and services tax returns for July.
* JAGRAN PRAKASHAN: Will pay 20 mln rupees and the balance amount through a bank guarantee to Phonographic Performance for the latter's claim of 42.9 mln rupees against Shri Puran Multimedia, which will demerge its radio business into the company's arm, MUSIC BROADCAST.
* JAI BALAJI INDUSTRIES: IFCI has filed a plea before the National Company Law Tribunal, seeking initiation of insolvency process against the company.
* MAHINDRA & MAHINDRA: Has matched the lowest bid price quoted by TATA MOTORS and
consequently qualified to supply 150 electric vehicles to Energy Efficiency Services.
* NMDC: Has cut the prices of its iron ore products by 100 rupees per tn for October.
* OIL & NATURAL GAS CORP: Subsidiary ONGC Videsh has completed the acquisition of 30%
participating interest in offshore blocks in Namibia from Tullow Namibia, a wholly-owned subsidiary of Tullow Oil Plc.
* PARAG MILK FOODS: The RBI has notified that foreign portfolio investors can invest up to 40% of the paid-up capital in the company, under the portfolio investment scheme, against the earlier limit of 24%.
* PRICOL: Has entered into an agreement with Chinese company Wenzhou Huirun Electrical Machinery Co, for technical collaboration and to supply and produce fuel pump and fuel pump modules in India.
* RELIANCE COMMUNICATIONS: Has sought to withdraw its petitions before the National Company Law Tribunal for merger of its wireless operations with Aircel and sale of tower operations to Brookfield Group.
- Lenders are not keen to convert debt at the higher price announced by the company earlier to its
shareholders because the current market price is far below the conversion price.
* RELIANCE INDUSTRIES: Apple and the company are entering into a partnership to help the former reach 900 cities and towns.
* SPICEJET: Is "working closely" with Japanese company Setouchi Holdings Inc for 10-seater and 14- seater amphibious plane operations to push up regional connectivity, the airline said.
* STATE BANK OF INDIA: The government approved the appointment of Rajnish Kumar as the new chairman of the bank.
- The government should address the capital situation of public sector banks to ensure uninterrupted
lending to productive sectors, said Chairman Arundhati Bhattacharya.
* TATA MOTORS: Has launched a new electronic stability control safety feature for its medium and
heavy commercial vehicles Prima and Signa.
* TOURISM FINANCE: India Opportunities III had acquired 3.2 mln shares, or 4% stake, in the company from the open market on Friday, the latter said.
