Daily Stock News Today – 07.12.2017
* ALLAHABAD BANK: The bank and UNITED BANK OF INDIA have initiated a process to make employees stakeholders by way of issuing employee stock option.
* ATISHAY LTD: Received an order from the Rajasthan government for supply, installation, commissioning and maintenance of Aadhaar-enabled biometric attendance system.
* CLARIS LIFESCIENCES: The company's board has said that delisting its shares from the exchange is its preferred option to distribute cash proceeds worth 20.77 bln rupees among its shareholders.
* EDELWEISS FINANCIAL SERVICES: Has completed the sale of Cross Border Synergy, a step-down subsidiary based in Singapore, to Searock International for 84.7 mln rupees.
* FORTIS HEALTHCARE: An expert committee set up by Haryana's health minister has found several "irregularities" and "unethical" practices in the treatment of a dengue patient admitted at Fortis Memorial Research Institute Gurgaon earlier this year.
* GAIL INDIA: The company's capital expenditure is expected to grow by over 55% in the next financial year, Director Ashutosh Karnatak said. Has deployed drones on pilot basis on its main trunk pipeline as it uses technology to secure its vast network.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Announced the appointment of Navneet Saluja as managing director with effect from Jan 1.
* HATSUN AGRO PRODUCT: The board has approved raising funds up to 9 bln rupees through rights issue.
* HOUSING AND URBAN DEVELOPMENT CORP: Plans to raise at least 5 bln rupees through bonds maturing in one-year and six months, and has sought bids from merchant bankers between 1130 IST and 1200 IST on Thursday.
* IDBI BANK: Its board has approved sale of 2.8 mln shares, constituting 7% stake in National Securities Depository.
* INFOSYS: Has filed a consent plea with the Securities and Exchange Board of India for the settlement of alleged violation of corporate governance norms related to severance package to its former Chief Financial Officer Rajiv Bansal.
* IRB INFRASTRUCTURE DEVELOPERS: The Central Bureau of Investigation has filed a chargesheet with a Pune court against the company's subsidiary Aryan Infrastructure Investments for alleged illegal purchase of government land in 2015.
* JUST DIAL: Sequoia Capital India Investments III, SCI Growth Investments II and Sequoia Capital India Growth Investment Holdings I sold 1.28 mln shares, representing 1.9% stake in the company.
* PHOENIX MILLS: The board has approved raising up to 2 bln rupees through the issue of commercial papers in one or more tranches.
* TATA CONSULTANCY SERVICES: A research commissioned by the company has found that utility companies in Europe see digital technology emerge as a crucial driver of success.
* TATA MOTORS: Has rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.
* VEDANTA: The company's vertical Cairn India Oil & Gas is seeking to ramp up its production at Mangala, Bhagyam and Aishwariya blocks in Rajasthan after a successful pilot project increased the output manifold.
* WIPRO: Is going to expand its operations in London by setting up its third office in the UK capital.
CLICK HERE
*********************************************************************************
* ATISHAY LTD: Received an order from the Rajasthan government for supply, installation, commissioning and maintenance of Aadhaar-enabled biometric attendance system.
* CLARIS LIFESCIENCES: The company's board has said that delisting its shares from the exchange is its preferred option to distribute cash proceeds worth 20.77 bln rupees among its shareholders.
* EDELWEISS FINANCIAL SERVICES: Has completed the sale of Cross Border Synergy, a step-down subsidiary based in Singapore, to Searock International for 84.7 mln rupees.
* FORTIS HEALTHCARE: An expert committee set up by Haryana's health minister has found several "irregularities" and "unethical" practices in the treatment of a dengue patient admitted at Fortis Memorial Research Institute Gurgaon earlier this year.
* GAIL INDIA: The company's capital expenditure is expected to grow by over 55% in the next financial year, Director Ashutosh Karnatak said. Has deployed drones on pilot basis on its main trunk pipeline as it uses technology to secure its vast network.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Announced the appointment of Navneet Saluja as managing director with effect from Jan 1.
* HATSUN AGRO PRODUCT: The board has approved raising funds up to 9 bln rupees through rights issue.
* HOUSING AND URBAN DEVELOPMENT CORP: Plans to raise at least 5 bln rupees through bonds maturing in one-year and six months, and has sought bids from merchant bankers between 1130 IST and 1200 IST on Thursday.
* IDBI BANK: Its board has approved sale of 2.8 mln shares, constituting 7% stake in National Securities Depository.
* INFOSYS: Has filed a consent plea with the Securities and Exchange Board of India for the settlement of alleged violation of corporate governance norms related to severance package to its former Chief Financial Officer Rajiv Bansal.
* IRB INFRASTRUCTURE DEVELOPERS: The Central Bureau of Investigation has filed a chargesheet with a Pune court against the company's subsidiary Aryan Infrastructure Investments for alleged illegal purchase of government land in 2015.
* JUST DIAL: Sequoia Capital India Investments III, SCI Growth Investments II and Sequoia Capital India Growth Investment Holdings I sold 1.28 mln shares, representing 1.9% stake in the company.
* PHOENIX MILLS: The board has approved raising up to 2 bln rupees through the issue of commercial papers in one or more tranches.
* TATA CONSULTANCY SERVICES: A research commissioned by the company has found that utility companies in Europe see digital technology emerge as a crucial driver of success.
* TATA MOTORS: Has rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.
* VEDANTA: The company's vertical Cairn India Oil & Gas is seeking to ramp up its production at Mangala, Bhagyam and Aishwariya blocks in Rajasthan after a successful pilot project increased the output manifold.
* WIPRO: Is going to expand its operations in London by setting up its third office in the UK capital.
