Daily Stock News Today – 06.12.2017
* AMTEK AUTO: Has got interim finance worth 1 bln rupees from an Edelweiss Group firm.
* BHARAT FINANCIAL INCLUSION: The RBI has lifted restrictions on purchase of shares of the company by foreign portfolio investors as their aggregate shareholding has fallen below the prescribed threshold.
* HATSUN AGRO PRODUCT: The assistant commissioner of income tax has assessed the company's tax liability for assessment year 2008-09 to 2014-15 at 20.75 mln rupees.
* IDEA CELLULAR: The company-Vodafone merger is likely to close faster, as early as next Mar-Apr, six months before the more conservative September 2018 timeline recently suggested by Vodafone Group CEO Vittorio Colao.
* INDIAN OIL CORP: The company, along with BHARAT PETROLEUM CORP to hire an oil super tanker and a Suezmax tanker, respectively, on five-year contracts from local shipowners to provide them a muchawaited long-term cargo support has backfired.
* INDO-NATIONAL: The board has approved to provide corporate guarantee of 85 mln rupees to HDFC BANK, Chennai, on behalf of its subsidiary Kineco.
* JET AIRWAYS INDIA: Has announced a seven-day fare sale, for travellers planning their international travel this winter season, effective Tuesday, offering discount of up to 30%. Will stop paying 1% basic commission to travel agents in the country from Jan 1, mirroring a practice followed by global airlines.
* JSW STEEL: Conducted a series of raids, with the respective local authorities, across Maharashtra, Delhi, Karnataka and Tamil Nadu to check counterfeiting of steel products.
* LANCO INFRATECH: Is planning to sell 73 MW of four renewable assets and sought bids from interested buyers.
* L&T FINANCE HOLDINGS: Will raise up to 5 bln rupees through non-convertible debentures with a face value of 2.5 mln rupees each issued on a private placement basis.
* MAHINDRA & MAHINDRA: Launched petrol variant of sport utility vehicle XUV 500 at 1.55 mln rupees before tax in select cities.
* MARUTI SUZUKI INDIA: Total vehicle production rose 8% to 155,568 units in November from 143,989 units a year ago.
* MINDTREE: Has launched a North America-based network operations centre in Scottsdale, Arizona, to support its growing business in infrastructure management services.
* MONNET ISPAT AND ENERGY: The Mumbai bench of National Commission Law Tribunal has stayed proceedings by an arbitration tribunal that was approached by Moorgate Industries for action against the company.
* OM METALS INFRAPROJECTS: Will acquire the remaining 50% stake of Om Metals-SPM Infraprojects, making it its wholly-owned subsidiary.
* PUNJAB NATIONAL BANK: The company, on Monday, got shareholders' approval to raise up to 50 bln rupees through issue of equity shares.
* RELIANCE COMMUNICATIONS: Fortuna Public Relations has become the latest among the string of creditors of the company to file a petition under the Insolvency and Bankruptcy Code against the company. Two major Chinese lenders plan to support a move by China Development Bank to put the company into insolvency court as they seek to recover about $2 bln in debt.
* SHILPA MEDICARE: The US Food and Drug Administration has issued a Form 483 to the company's formulations manufacturing unit at Jadcherla in Telangana.
* TATA COMMUNICATIONS: The company is in a strategic partnership with Cloudera Inc to offer data analytics solutions on cloud services to enterprise customers.
* TATA MOTORS: Subsidiary Jaguar Land Rover Automotive Plc sold 8,895 units in the UK in November, up 8.7% from a year ago.
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* BHARAT FINANCIAL INCLUSION: The RBI has lifted restrictions on purchase of shares of the company by foreign portfolio investors as their aggregate shareholding has fallen below the prescribed threshold.
* HATSUN AGRO PRODUCT: The assistant commissioner of income tax has assessed the company's tax liability for assessment year 2008-09 to 2014-15 at 20.75 mln rupees.
* IDEA CELLULAR: The company-Vodafone merger is likely to close faster, as early as next Mar-Apr, six months before the more conservative September 2018 timeline recently suggested by Vodafone Group CEO Vittorio Colao.
* INDIAN OIL CORP: The company, along with BHARAT PETROLEUM CORP to hire an oil super tanker and a Suezmax tanker, respectively, on five-year contracts from local shipowners to provide them a muchawaited long-term cargo support has backfired.
* INDO-NATIONAL: The board has approved to provide corporate guarantee of 85 mln rupees to HDFC BANK, Chennai, on behalf of its subsidiary Kineco.
* JET AIRWAYS INDIA: Has announced a seven-day fare sale, for travellers planning their international travel this winter season, effective Tuesday, offering discount of up to 30%. Will stop paying 1% basic commission to travel agents in the country from Jan 1, mirroring a practice followed by global airlines.
* JSW STEEL: Conducted a series of raids, with the respective local authorities, across Maharashtra, Delhi, Karnataka and Tamil Nadu to check counterfeiting of steel products.
* LANCO INFRATECH: Is planning to sell 73 MW of four renewable assets and sought bids from interested buyers.
* L&T FINANCE HOLDINGS: Will raise up to 5 bln rupees through non-convertible debentures with a face value of 2.5 mln rupees each issued on a private placement basis.
* MAHINDRA & MAHINDRA: Launched petrol variant of sport utility vehicle XUV 500 at 1.55 mln rupees before tax in select cities.
* MARUTI SUZUKI INDIA: Total vehicle production rose 8% to 155,568 units in November from 143,989 units a year ago.
* MINDTREE: Has launched a North America-based network operations centre in Scottsdale, Arizona, to support its growing business in infrastructure management services.
* MONNET ISPAT AND ENERGY: The Mumbai bench of National Commission Law Tribunal has stayed proceedings by an arbitration tribunal that was approached by Moorgate Industries for action against the company.
* OM METALS INFRAPROJECTS: Will acquire the remaining 50% stake of Om Metals-SPM Infraprojects, making it its wholly-owned subsidiary.
* PUNJAB NATIONAL BANK: The company, on Monday, got shareholders' approval to raise up to 50 bln rupees through issue of equity shares.
* RELIANCE COMMUNICATIONS: Fortuna Public Relations has become the latest among the string of creditors of the company to file a petition under the Insolvency and Bankruptcy Code against the company. Two major Chinese lenders plan to support a move by China Development Bank to put the company into insolvency court as they seek to recover about $2 bln in debt.
* SHILPA MEDICARE: The US Food and Drug Administration has issued a Form 483 to the company's formulations manufacturing unit at Jadcherla in Telangana.
* TATA COMMUNICATIONS: The company is in a strategic partnership with Cloudera Inc to offer data analytics solutions on cloud services to enterprise customers.
* TATA MOTORS: Subsidiary Jaguar Land Rover Automotive Plc sold 8,895 units in the UK in November, up 8.7% from a year ago.
