Daily Stock News Today – 24.11.2017
* ARSHIYA LTD: Has entered into an agreement with Ascendas Property Fund India for monetisation of its six warehouses, situated at the Free Trade and Warehousing Zone at Panvel, near Mumbai.
* BHARTI AIRTEL: Is interested in buying select spectrum and some equipment of RELIANCE COMMUNICATIONS.
* BIOCON: Plans to increase the share of branded formulations in its sales to 20% from 14% now as it targets $1 bln in revenue by the end of 2018-19.
* COAL INDIA: The government has invited applications for the post of chairman and managing director of the company.
* CG POWER AND INDUSTRIAL SOLUTIONS: Has bagged an order of 1.11 bln rupees from Indian Railways for drive propulsion system of electric locomotive at Chittaranjan Locomotive Works.
* COX & KINGS: The company-owned MEININGER Hotels has signed an agreement to set up a hotel in Dresden, Germany.
* EDELWEISS FINANCIAL SERVICES: Has raised 15.28 bln rupees through the issue of 54.56 mln equity shares under a qualified institutional placement.
* EMAMI: Is not selling its female hygiene brand 'She Comfort' and is evaluating all suitable options for its revival.
* GALLANTT ISPAT: Has moved the Securities Appellate Tribunal seeking to set aside an order of market regulator naming it in the list of shell companies.
* GATI: Has moved the Delhi High Court against invocation of promotors' pledged shares by IFCI Venture Capital Funds and has sought restoration of the invoked shares.
* HDFC BANK: Aims to transform lives in 1,000 villages by March 2019 as part of its corporate social responsibility.
* INDIAN BANK: Has received approval from the Securities and Exchange Board of India to raise funds through qualified institutional placement.
* JUST DIAL: The funds owned by Sequoia Capital have sold 232,828 shares or 0.35% stake in the company through the open market.
* MAHINDRA & MAHINDRA: Subsidiary, Mahindra Electric Mobility, has started the supply of electric cars to Energy Efficiency Services, Chief Executive Officer Mahesh Babu said.
* OPTO CIRCUITS (INDIA): The board has approved allotment of 45.18 mln shares at 15 rupees each on preferential basis to non promoters.
* PVR: The Gurugram police has lodged two first information reports against the company, and its promoters and directors, for terminating a memorandum of understanding with Elan Buildcon without any "justifiable explanation."
* QUESS CORP: The non-retail portion of the company's offer for sale was subscribed 5.7 times, with bids for 43.5 mln shares received, against the 7.65 mln shares on offer.
* SAHARA HOUSINGFINA CORP: The Supreme Court appointed the official receiver of the Bombay High Court as receiver of the Sahara Group's Aamby Valley property to take care of the property and ensure it is auctioned off in a smooth manner.
* STEEL AUTHORITY OF INDIA: Is heading for a turnaround this year as the government orders belt-tightening and asset disposals at the loss-making 63-year-old mill.
* SUNTECK REALTY: Is chalking out plans to ramp up its commercial property business.
* SYNGENE INTERNATIONAL: Steadview Capital Mauritius sold 1.95 mln shares or almost 1% stake in the company at 516.92 rupees per share in a bulk deal on the BSE.
* TATA MOTORS: The Tata Nano is soon to be launched in an electric avatar sporting a new label Neo. The company plans to use coastal shipping services to export trucks to Bangladesh.
* TATA STEEL: ThyssenKrupp defended its disputed merger with the company, saying its restructuring plan and the tieup would help to secure tens of thousands of jobs.
* TEAMLEASE SERVICES: GPE India sold 3.85% stake or 656,975 shares in the company through
open market on Tuesday.
* SKIPPER LTD: The board has given its in-principle approval to form a joint venture with MetzerPlas Cooperative Agricultural Organisation, manufacturer of drip irrigation solutions in Israel.
* SWARAJ ENGINES: Will consider buyback of equity shares at its board of directors' meeting to be held on Tuesday.
* STATE BANK OF INDIA: While dismissing concerns that valuation of stressed assets seeking resolution will take a hit if promoters are debarred from bidding, the bank's Chairman Rajnish Kumar said he was fine with taking a "haircut" on loans but not keen on going bald.
* TALWALKARS BETTER VALUE FITNESS: Has formed a joint venture with Mickey Mehta 360-degree Wellness Temple to open 80-100 fitness centres in a year.
* VIDEOCON INDUSTRIES: Which was mentioned in the second list of stressed assets that the Reserve Bank of India sent to banks, has finalised a resolution plan involving deep restructuring that is likely to be accepted by its lenders by the end of November.
* WELSPUN CORP: Has been awarded a contract for the supply of 392,000 tn pipes for a water project in West Asia and North Africa.
* WOCKHARDT: Sterling Wockhardt Hospitals, run by the company, has launched an advanced urology care facility at their Vashi unit.
* YES BANK: The bank's shares have been added to the MSCI All Country World Index- ESG Leaders Index and MSCI ACWI SRI Index.
CLICK HERE
*********************************************************************************
* BHARTI AIRTEL: Is interested in buying select spectrum and some equipment of RELIANCE COMMUNICATIONS.
* BIOCON: Plans to increase the share of branded formulations in its sales to 20% from 14% now as it targets $1 bln in revenue by the end of 2018-19.
* COAL INDIA: The government has invited applications for the post of chairman and managing director of the company.
* CG POWER AND INDUSTRIAL SOLUTIONS: Has bagged an order of 1.11 bln rupees from Indian Railways for drive propulsion system of electric locomotive at Chittaranjan Locomotive Works.
* COX & KINGS: The company-owned MEININGER Hotels has signed an agreement to set up a hotel in Dresden, Germany.
* EDELWEISS FINANCIAL SERVICES: Has raised 15.28 bln rupees through the issue of 54.56 mln equity shares under a qualified institutional placement.
* EMAMI: Is not selling its female hygiene brand 'She Comfort' and is evaluating all suitable options for its revival.
* GALLANTT ISPAT: Has moved the Securities Appellate Tribunal seeking to set aside an order of market regulator naming it in the list of shell companies.
* GATI: Has moved the Delhi High Court against invocation of promotors' pledged shares by IFCI Venture Capital Funds and has sought restoration of the invoked shares.
* HDFC BANK: Aims to transform lives in 1,000 villages by March 2019 as part of its corporate social responsibility.
* INDIAN BANK: Has received approval from the Securities and Exchange Board of India to raise funds through qualified institutional placement.
* JUST DIAL: The funds owned by Sequoia Capital have sold 232,828 shares or 0.35% stake in the company through the open market.
* MAHINDRA & MAHINDRA: Subsidiary, Mahindra Electric Mobility, has started the supply of electric cars to Energy Efficiency Services, Chief Executive Officer Mahesh Babu said.
* OPTO CIRCUITS (INDIA): The board has approved allotment of 45.18 mln shares at 15 rupees each on preferential basis to non promoters.
* PVR: The Gurugram police has lodged two first information reports against the company, and its promoters and directors, for terminating a memorandum of understanding with Elan Buildcon without any "justifiable explanation."
* QUESS CORP: The non-retail portion of the company's offer for sale was subscribed 5.7 times, with bids for 43.5 mln shares received, against the 7.65 mln shares on offer.
* SAHARA HOUSINGFINA CORP: The Supreme Court appointed the official receiver of the Bombay High Court as receiver of the Sahara Group's Aamby Valley property to take care of the property and ensure it is auctioned off in a smooth manner.
* STEEL AUTHORITY OF INDIA: Is heading for a turnaround this year as the government orders belt-tightening and asset disposals at the loss-making 63-year-old mill.
* SUNTECK REALTY: Is chalking out plans to ramp up its commercial property business.
* SYNGENE INTERNATIONAL: Steadview Capital Mauritius sold 1.95 mln shares or almost 1% stake in the company at 516.92 rupees per share in a bulk deal on the BSE.
* TATA MOTORS: The Tata Nano is soon to be launched in an electric avatar sporting a new label Neo. The company plans to use coastal shipping services to export trucks to Bangladesh.
* TATA STEEL: ThyssenKrupp defended its disputed merger with the company, saying its restructuring plan and the tieup would help to secure tens of thousands of jobs.
* TEAMLEASE SERVICES: GPE India sold 3.85% stake or 656,975 shares in the company through
open market on Tuesday.
* SKIPPER LTD: The board has given its in-principle approval to form a joint venture with MetzerPlas Cooperative Agricultural Organisation, manufacturer of drip irrigation solutions in Israel.
* SWARAJ ENGINES: Will consider buyback of equity shares at its board of directors' meeting to be held on Tuesday.
* STATE BANK OF INDIA: While dismissing concerns that valuation of stressed assets seeking resolution will take a hit if promoters are debarred from bidding, the bank's Chairman Rajnish Kumar said he was fine with taking a "haircut" on loans but not keen on going bald.
* TALWALKARS BETTER VALUE FITNESS: Has formed a joint venture with Mickey Mehta 360-degree Wellness Temple to open 80-100 fitness centres in a year.
* VIDEOCON INDUSTRIES: Which was mentioned in the second list of stressed assets that the Reserve Bank of India sent to banks, has finalised a resolution plan involving deep restructuring that is likely to be accepted by its lenders by the end of November.
* WELSPUN CORP: Has been awarded a contract for the supply of 392,000 tn pipes for a water project in West Asia and North Africa.
* WOCKHARDT: Sterling Wockhardt Hospitals, run by the company, has launched an advanced urology care facility at their Vashi unit.
* YES BANK: The bank's shares have been added to the MSCI All Country World Index- ESG Leaders Index and MSCI ACWI SRI Index.
