Today Stock News – 21.05.2018
* ADANI ENTERPRISES: Adani Group has committed initial capital of 5 bln rupees to its lending arm Adani Capital. The company is set to make a big-ticket entry into electric buses manufacturing.
* ADANI POWER: The Rajasthan Electricity Regulatory Commission has allowed its arm, Adani Power Rajasthan, to recover the additional cost incurred because of having to import coal due to reduced supplies from COAL INDIA. The additional costs are estimated by at 12.21 bln rupees per annum since 2014, but are yet to be approved by the buyer discoms.
* ALLAHABAD BANK: Securities and Exchange Board of India exempted the central government from making an open offer for the shareholders of the bank following capital infusion.
* ALEMBIC PHARMACEUTICALS: The US Food and Drug Administration has issued Form 483 with one observation, after completing inspection of the company's active pharmaceutical ingredients facility in Karkhadi, Gujarat.
* AU SMALL FINANCE BANK: Approved issuance of equity shares and convertible warrants, both on preferential basis at a total subscription amount of 10 bln rupees to Camas Investments Pte.
* AUROBINDO PHARMA: The US Food and Drug Administration has found laboratory records maintained at the company's unit-12 in Bachupally, Telangana, to be deficient, following an inspection of the facility on Mar 5-16.
* AXIS BANK: Has hiked its marginal cost of fund-based lending rates by 10-15 basis points across tenures.
* BAJAJ AUTO: Hopes to wrap up Apr-Jun quarter of this fiscal with sales of around 1.2 mln bikes and three-wheelers.
* BANK OF BARODA: Has entered into a pact with CDSL Commodity Repository for providing finance for agricultural commodities against warehouse receipts.
* BANK OF INDIA: The bank's 18-year-old-year old legal struggle against the scam-tainted Ketan Parekh has finally paid off. Would be able to realise around 19.93 bln rupees from the first successful National Company Law Tribunal resolution concerning TATA STEEL and BHUSHAN STEEL.
* BHARAT PETROLEUM CORP: The company aims to commission a liquefied petroleum gas bottling unit at Balangir, its second in Odisha, by March 2020.
* BHARTI AIRTEL: The company and Reliance Jio Infocomm engaged in a fresh slugfest over a Supreme Court verdict relating to the telecom market leader's Indian Premier League multimedia advertising campaign. The company plans to push its home broadband offerings in new cities and also expand its network coverage within existing cities ahead of a likely commercial launch by Reliance Jio Infocomm later this year.
- Has threatened to take legal action against Reliance Jio for alleging that the telecom company violated unified licence norms relating to setting up of network infrastructure for pairing Apple's Watch Series 3 with iPhone in the country.
* COAL INDIA: The government has appointed Anil Kumar Jha as chairman and managing director
of the company.
* DABUR INDIA: Has planned to invest 2.5-3.0 bln rupees in capacity expansion this fiscal year, and is looking for acquisitions in the domestic market going forward.
* DHANLAXMI BANK: Additional Director Sajeev Krishnan has been appointed as part-time chairman of the bank for a period of three years from the date of assuming charge.
* ENDURANCE TECHNOLOGIES: Is entitled to a 2.83-bln-rupee subsidy from the Maharashtra government for investments made in the state between April 2013 and September 2017.
* FORTIS HEALTHCARE: YES BANK, the single-largest shareholder in the company, has urged the board to consider revised bids for the company submitted after the Munjal-Burman offer was accepted to "maximise" value for investors. Its independent director, Tejinder Singh Shergill, has resigned from the board due to personal reasons.
* FUTURE LIFESTYLE FASHIONS: L Capital Asia, the Singapore-based private equity fund of LVMH Moet Hennessy Louis Vuitton, has invested 1.70 bln rupees in the company.
* HIMATSINGKA SEIDE: The company's US-based subsidiary--Himatsingka America Inc--has acquired the home portfolio of Global Brands Group Holdings, which includes the Tommy Hilfiger brand, and Copper Fit brand.
* HINDALCO INDUSTRIES: Is set to raise about 50 bln rupees by selling corporate bonds to repay bank loans, a move that is expected to reduce its credit costs.
* HINDUSTAN CONSTRUCTION CO: The joint venture of the company and Hyundai Development Co has emerged as the front-runner in the tender for Mumbai Coastal Road Package-2, one of the four packages of the first phase of the Mumbai Coastal Road Project.
* HINDUSTAN UNILEVER: Investors continued to reward the company's strong earnings performance in the March quarter, that came on the back of robust sales volume growth and margin expansion, as it elbowed past ITC to become India's largest fast-moving consumer goods company in terms of market capitalisation.
* ICICI PRUDENTIAL LIFE INSURANCE CO: Shareholding in JYOTHY LABORATORIES has increased to 5.03% after the insurer bought more stock of the company on Thursday.
* IDBI BANK: Has approved appointment of two new independent directors--Samaresh Parida and N Jambunathan following the resignation of two board members last week.
* INDIABULLS HOUSING FINANCE: Board will meet on Wednesday to consider issuance of secured or unsecured nonconvertible debentures.
* INDIABULLS REAL ESTATE: Board has approved buyback of up to 26 mln shares, approximately 5.45% paid-up share capital, at a price of up to 240 rupees per share.
* INDIAN METALS & FERRO ALLOYS: The company expects a production loss of around 12,000 tn as its furnace
in Therubali unit, Odisha, has been shut for around 90 days for shell replacement and re-lining.
* INDITRADE CAPITAL: Will invest 240 mln rupees to acquire up to 10% additional stake in its non-banking financialservices subsidiary JRG Fincorp.
* INDOCO REMEDIES: The company's active pharmaceutical ingredient facility at Patalganga has received three observations from US Food and Drug Administration.
* JAIPRAKASH ASSOCIATES: The National Company Law Tribunal has asked the company to return nearly 760 acre land to its subsidiary JAYPEE INFRATECH, declaring the transfer of the land as "fraudulent" and "undervalued". Has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary JAYPEE INFRATECH, while declaring the transfer of the land as "fraudulent" and "undervalued".
* JAYPEE INFRATECH: The end of the mandated 270-day deadline for resolution of bankruptcy cases has thrown up a fresh challenge for lenders of the company--they cannot even meet to discuss the future course of action. Now that Lakshadweep, the highest bidder in the first round for the company is willing to renegotiate the amount it had put in, a question has arisen as to why it was rejected in the first place.
* JET AIRWAYS INDIA: Is not ruling out eyeing Air India's sale, its chairman said, although he remains focused on his own airline.
* JSW STEEL: Subsidiary JSW Steel Italy S.r.l. has entered into an agreement to buy stakes in three companies from Italy's Cevitaly S.r.l. for a total of 55 mln euros in cash, to gain access to the European specialty steel long products market. Expects an additional earning of 20 bln rupees per annum with enhancement of product mix and some of its cost saving projects that are to be completed by September next year.
* KEC INTERNATIONAL: Sees SAARC as one of the drivers of growth, despite the setback in Afghanistan where some of its employees have been abducted, according to its managing director, Vimal Kejriwal.
* KOTAK MAHINDRA BANK: Has approved raising up to 50 bln rupees through non-convertible debentures, and 5 bln rupees via non-convertible preference shares.
* LARSEN & TOUBRO: Whole-time director (defence) and member of the company's board, Jayant Patil, said the company has chosen Coimbatore for manufacture of rocket engines.
* MAHANAGAR TELEPHONE NIGAM: Is investing 1.9 bln rupees to upgrade its services and may also be allocated fourth generation spectrum to help stay relevant in the highly competitive market, Telecom Minister Manoj Sinha has said.
* MANAPPURAM FINANCE: The board has accepted the resignation of Kapil Krishan as chief financial officer of the company.
* MUKAND LTD: Sumitomo Corporation will buy 49% stake in its JV with company--Mukand Sumi Special Steel--for 11.81 bln rupees. The company will hold the rest of the 51% stake in the company.
* NHPC: Has commenced commercial operations at 110 MW unit-1 of Kishanganga hydropower project in Jammu and Kashmir.
* NTPC: Has deferred auction of 2,000 MW solar capacities to the first week of June as developers have sought resolution of inter-state connectivity issue before going ahead with the sale.
* OCL INDIA: To invest 37.2 bln rupees to set up a new cement plant in Odisha along with waste heat recovery system and split cement manufacturing units in the eastern part of India with cement manufacturing capacity of 8 mtpa.
* PARAG MILK FOODS: The Reserve Bank of India said non-resident Indians can hold up to 24% stake in the company as against 10% earlier, after the company's board and general body passed resolutions to this effect, the central bank said in a notice on its website.
* PRECISION CAMSHAFTS: Has acquired 51% stake in electric vehicle manufacturer Emoss Mobile Systems for 580 mln rupees.
* PUNJAB NATIONAL BANK: The Enforcement Directorate has issued summons to absconding diamantaire Nirav Modi's father Deepak Modi, sister Purvi Mehta, and her husband Mayank Mehta as part of its probe in the bank fraud.
* RELIANCE COMMUNICATIONS: The Mumbai bench of the National Company Law Tribunal has appointed three resolution professionals to oversee the insolvency resolution process of the company and two of its subsidiaries.
* RELIANCE INDUSTRIES: Has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of 23.38 bln rupees.
* RELIGARE ENTERPRISES: Deepak Ramchand Sabnani, a non-executive independent director of the company, on Friday tendered his resignation from the board.
* SKIPPER: Board of directors of the company has approved capacity expansion of its engineering products division by 35,000 tn per year through an investment of around 350-400 mln rupees.
* SOUTH INDIAN BANK: In a sign that the Reserve Bank of India is critical of the divergences that it has seen on the books of banks in its regulatory audit, the RBI imposed a sizeable 50-mln-rupee penalty on the bank.
* STERLITE TECHNOLOGIES: Arm, Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of $4 bln in energy projects in Brazil by 2022.
* STRIDES SHASUN: The board has approved the merger of wholly-owned subsidiaries Arrow Remedies and Fagris Medica with itself.
* SUN PHARMACEUTICAL INDUSTRIES: Israel-based subsidiary Taro Pharmaceutical Industries continues to see "substantial challenges" in the pricing environment in the US.
* TATA CHEMICALS: The board has reappointed R. Mukundan as managing director and chief executive officer for a term of five years starting Nov 26.
* TATA MOTORS: National Institute of Technology, Trichy, has inked a memorandum of understanding with the company.
* TATA POWER CO: The company and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra's Essel Infraprojects.
* TATA STEEL: The National Company Law Appellate Tribunal agreed to hear a plea against the company's eligibility as a resolution applicant for ELECTROSTEEL STEELS. Has completed the acquisition of 72.65% stake in BHUSHAN STEEL, through subsidiary Bamnipal Steel, concluding its biggest buyout since the $13-bln Corus deal in 2007. A plea by BHUSHAN STEEL promotor Neeraj Singhal seeking a stay on the company's takeover of the former took an unexpected turn when National Company Law Appellate Tribunal chairperson Justice SJ Mukhopadhaya raised a question on the applicant getting a hearing within a day of filing the request.
* THERMAX: The company will acquire Babcock and Wilcox India Holdings Inc's shareholding in their joint venture Thermax Babcock and Wilcox Energy Solutions.
* TRENT: Is going to accelerate the expansion of Westside departmental stores by rolling out 30 new outlets this fiscal- -the highest ever in a year. Is scouting for a suitable joint venture partner for its overseas ambition.
* ULTRATECH CEMENT: The committee of creditors of Binani Cement on Friday asked DALMIA BHARAT-led consortium to match the 79.60 bln rupees offer from the company for acquisition of the stressed assets of Binani Cement. Will acquire the cement business of B K Birla firm CENTURY TEXTILES & INDUSTRIES through a share-swap deal.
* UNION BANK OF INDIA: The board of directors of the company has approved capital plan for 2018-19 (Apr-Mar), as per which the bank plans to raise up to 74 bln rupees in the current financial year. The board approved raising equity capital worth up to 68.50 bln rupees via public issue, rights issue, or private placement, including qualified institutional placement and preferential allotment to government. Will raise up to 37 bln rupees through additional tier-I and tier-II bonds.
* VEDANTA: Shares of the company will be added in the S&P BSE Sensex, replacing DR REDDY'S LABORATORIES, in a reconstitution of the index by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE.
* VIJAYA BANK: Said its board has deferred a capital-raising plan for 2018-19.
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* ADANI POWER: The Rajasthan Electricity Regulatory Commission has allowed its arm, Adani Power Rajasthan, to recover the additional cost incurred because of having to import coal due to reduced supplies from COAL INDIA. The additional costs are estimated by at 12.21 bln rupees per annum since 2014, but are yet to be approved by the buyer discoms.
* ALLAHABAD BANK: Securities and Exchange Board of India exempted the central government from making an open offer for the shareholders of the bank following capital infusion.
* ALEMBIC PHARMACEUTICALS: The US Food and Drug Administration has issued Form 483 with one observation, after completing inspection of the company's active pharmaceutical ingredients facility in Karkhadi, Gujarat.
* AU SMALL FINANCE BANK: Approved issuance of equity shares and convertible warrants, both on preferential basis at a total subscription amount of 10 bln rupees to Camas Investments Pte.
* AUROBINDO PHARMA: The US Food and Drug Administration has found laboratory records maintained at the company's unit-12 in Bachupally, Telangana, to be deficient, following an inspection of the facility on Mar 5-16.
* AXIS BANK: Has hiked its marginal cost of fund-based lending rates by 10-15 basis points across tenures.
* BAJAJ AUTO: Hopes to wrap up Apr-Jun quarter of this fiscal with sales of around 1.2 mln bikes and three-wheelers.
* BANK OF BARODA: Has entered into a pact with CDSL Commodity Repository for providing finance for agricultural commodities against warehouse receipts.
* BANK OF INDIA: The bank's 18-year-old-year old legal struggle against the scam-tainted Ketan Parekh has finally paid off. Would be able to realise around 19.93 bln rupees from the first successful National Company Law Tribunal resolution concerning TATA STEEL and BHUSHAN STEEL.
* BHARAT PETROLEUM CORP: The company aims to commission a liquefied petroleum gas bottling unit at Balangir, its second in Odisha, by March 2020.
* BHARTI AIRTEL: The company and Reliance Jio Infocomm engaged in a fresh slugfest over a Supreme Court verdict relating to the telecom market leader's Indian Premier League multimedia advertising campaign. The company plans to push its home broadband offerings in new cities and also expand its network coverage within existing cities ahead of a likely commercial launch by Reliance Jio Infocomm later this year.
- Has threatened to take legal action against Reliance Jio for alleging that the telecom company violated unified licence norms relating to setting up of network infrastructure for pairing Apple's Watch Series 3 with iPhone in the country.
* COAL INDIA: The government has appointed Anil Kumar Jha as chairman and managing director
of the company.
* DABUR INDIA: Has planned to invest 2.5-3.0 bln rupees in capacity expansion this fiscal year, and is looking for acquisitions in the domestic market going forward.
* DHANLAXMI BANK: Additional Director Sajeev Krishnan has been appointed as part-time chairman of the bank for a period of three years from the date of assuming charge.
* ENDURANCE TECHNOLOGIES: Is entitled to a 2.83-bln-rupee subsidy from the Maharashtra government for investments made in the state between April 2013 and September 2017.
* FORTIS HEALTHCARE: YES BANK, the single-largest shareholder in the company, has urged the board to consider revised bids for the company submitted after the Munjal-Burman offer was accepted to "maximise" value for investors. Its independent director, Tejinder Singh Shergill, has resigned from the board due to personal reasons.
* FUTURE LIFESTYLE FASHIONS: L Capital Asia, the Singapore-based private equity fund of LVMH Moet Hennessy Louis Vuitton, has invested 1.70 bln rupees in the company.
* HIMATSINGKA SEIDE: The company's US-based subsidiary--Himatsingka America Inc--has acquired the home portfolio of Global Brands Group Holdings, which includes the Tommy Hilfiger brand, and Copper Fit brand.
* HINDALCO INDUSTRIES: Is set to raise about 50 bln rupees by selling corporate bonds to repay bank loans, a move that is expected to reduce its credit costs.
* HINDUSTAN CONSTRUCTION CO: The joint venture of the company and Hyundai Development Co has emerged as the front-runner in the tender for Mumbai Coastal Road Package-2, one of the four packages of the first phase of the Mumbai Coastal Road Project.
* HINDUSTAN UNILEVER: Investors continued to reward the company's strong earnings performance in the March quarter, that came on the back of robust sales volume growth and margin expansion, as it elbowed past ITC to become India's largest fast-moving consumer goods company in terms of market capitalisation.
* ICICI PRUDENTIAL LIFE INSURANCE CO: Shareholding in JYOTHY LABORATORIES has increased to 5.03% after the insurer bought more stock of the company on Thursday.
* IDBI BANK: Has approved appointment of two new independent directors--Samaresh Parida and N Jambunathan following the resignation of two board members last week.
* INDIABULLS HOUSING FINANCE: Board will meet on Wednesday to consider issuance of secured or unsecured nonconvertible debentures.
* INDIABULLS REAL ESTATE: Board has approved buyback of up to 26 mln shares, approximately 5.45% paid-up share capital, at a price of up to 240 rupees per share.
* INDIAN METALS & FERRO ALLOYS: The company expects a production loss of around 12,000 tn as its furnace
in Therubali unit, Odisha, has been shut for around 90 days for shell replacement and re-lining.
* INDITRADE CAPITAL: Will invest 240 mln rupees to acquire up to 10% additional stake in its non-banking financialservices subsidiary JRG Fincorp.
* INDOCO REMEDIES: The company's active pharmaceutical ingredient facility at Patalganga has received three observations from US Food and Drug Administration.
* JAIPRAKASH ASSOCIATES: The National Company Law Tribunal has asked the company to return nearly 760 acre land to its subsidiary JAYPEE INFRATECH, declaring the transfer of the land as "fraudulent" and "undervalued". Has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary JAYPEE INFRATECH, while declaring the transfer of the land as "fraudulent" and "undervalued".
* JAYPEE INFRATECH: The end of the mandated 270-day deadline for resolution of bankruptcy cases has thrown up a fresh challenge for lenders of the company--they cannot even meet to discuss the future course of action. Now that Lakshadweep, the highest bidder in the first round for the company is willing to renegotiate the amount it had put in, a question has arisen as to why it was rejected in the first place.
* JET AIRWAYS INDIA: Is not ruling out eyeing Air India's sale, its chairman said, although he remains focused on his own airline.
* JSW STEEL: Subsidiary JSW Steel Italy S.r.l. has entered into an agreement to buy stakes in three companies from Italy's Cevitaly S.r.l. for a total of 55 mln euros in cash, to gain access to the European specialty steel long products market. Expects an additional earning of 20 bln rupees per annum with enhancement of product mix and some of its cost saving projects that are to be completed by September next year.
* KEC INTERNATIONAL: Sees SAARC as one of the drivers of growth, despite the setback in Afghanistan where some of its employees have been abducted, according to its managing director, Vimal Kejriwal.
* KOTAK MAHINDRA BANK: Has approved raising up to 50 bln rupees through non-convertible debentures, and 5 bln rupees via non-convertible preference shares.
* LARSEN & TOUBRO: Whole-time director (defence) and member of the company's board, Jayant Patil, said the company has chosen Coimbatore for manufacture of rocket engines.
* MAHANAGAR TELEPHONE NIGAM: Is investing 1.9 bln rupees to upgrade its services and may also be allocated fourth generation spectrum to help stay relevant in the highly competitive market, Telecom Minister Manoj Sinha has said.
* MANAPPURAM FINANCE: The board has accepted the resignation of Kapil Krishan as chief financial officer of the company.
* MUKAND LTD: Sumitomo Corporation will buy 49% stake in its JV with company--Mukand Sumi Special Steel--for 11.81 bln rupees. The company will hold the rest of the 51% stake in the company.
* NHPC: Has commenced commercial operations at 110 MW unit-1 of Kishanganga hydropower project in Jammu and Kashmir.
* NTPC: Has deferred auction of 2,000 MW solar capacities to the first week of June as developers have sought resolution of inter-state connectivity issue before going ahead with the sale.
* OCL INDIA: To invest 37.2 bln rupees to set up a new cement plant in Odisha along with waste heat recovery system and split cement manufacturing units in the eastern part of India with cement manufacturing capacity of 8 mtpa.
* PARAG MILK FOODS: The Reserve Bank of India said non-resident Indians can hold up to 24% stake in the company as against 10% earlier, after the company's board and general body passed resolutions to this effect, the central bank said in a notice on its website.
* PRECISION CAMSHAFTS: Has acquired 51% stake in electric vehicle manufacturer Emoss Mobile Systems for 580 mln rupees.
* PUNJAB NATIONAL BANK: The Enforcement Directorate has issued summons to absconding diamantaire Nirav Modi's father Deepak Modi, sister Purvi Mehta, and her husband Mayank Mehta as part of its probe in the bank fraud.
* RELIANCE COMMUNICATIONS: The Mumbai bench of the National Company Law Tribunal has appointed three resolution professionals to oversee the insolvency resolution process of the company and two of its subsidiaries.
* RELIANCE INDUSTRIES: Has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of 23.38 bln rupees.
* RELIGARE ENTERPRISES: Deepak Ramchand Sabnani, a non-executive independent director of the company, on Friday tendered his resignation from the board.
* SKIPPER: Board of directors of the company has approved capacity expansion of its engineering products division by 35,000 tn per year through an investment of around 350-400 mln rupees.
* SOUTH INDIAN BANK: In a sign that the Reserve Bank of India is critical of the divergences that it has seen on the books of banks in its regulatory audit, the RBI imposed a sizeable 50-mln-rupee penalty on the bank.
* STERLITE TECHNOLOGIES: Arm, Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of $4 bln in energy projects in Brazil by 2022.
* STRIDES SHASUN: The board has approved the merger of wholly-owned subsidiaries Arrow Remedies and Fagris Medica with itself.
* SUN PHARMACEUTICAL INDUSTRIES: Israel-based subsidiary Taro Pharmaceutical Industries continues to see "substantial challenges" in the pricing environment in the US.
* TATA CHEMICALS: The board has reappointed R. Mukundan as managing director and chief executive officer for a term of five years starting Nov 26.
* TATA MOTORS: National Institute of Technology, Trichy, has inked a memorandum of understanding with the company.
* TATA POWER CO: The company and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra's Essel Infraprojects.
* TATA STEEL: The National Company Law Appellate Tribunal agreed to hear a plea against the company's eligibility as a resolution applicant for ELECTROSTEEL STEELS. Has completed the acquisition of 72.65% stake in BHUSHAN STEEL, through subsidiary Bamnipal Steel, concluding its biggest buyout since the $13-bln Corus deal in 2007. A plea by BHUSHAN STEEL promotor Neeraj Singhal seeking a stay on the company's takeover of the former took an unexpected turn when National Company Law Appellate Tribunal chairperson Justice SJ Mukhopadhaya raised a question on the applicant getting a hearing within a day of filing the request.
* THERMAX: The company will acquire Babcock and Wilcox India Holdings Inc's shareholding in their joint venture Thermax Babcock and Wilcox Energy Solutions.
* TRENT: Is going to accelerate the expansion of Westside departmental stores by rolling out 30 new outlets this fiscal- -the highest ever in a year. Is scouting for a suitable joint venture partner for its overseas ambition.
* ULTRATECH CEMENT: The committee of creditors of Binani Cement on Friday asked DALMIA BHARAT-led consortium to match the 79.60 bln rupees offer from the company for acquisition of the stressed assets of Binani Cement. Will acquire the cement business of B K Birla firm CENTURY TEXTILES & INDUSTRIES through a share-swap deal.
* UNION BANK OF INDIA: The board of directors of the company has approved capital plan for 2018-19 (Apr-Mar), as per which the bank plans to raise up to 74 bln rupees in the current financial year. The board approved raising equity capital worth up to 68.50 bln rupees via public issue, rights issue, or private placement, including qualified institutional placement and preferential allotment to government. Will raise up to 37 bln rupees through additional tier-I and tier-II bonds.
* VEDANTA: Shares of the company will be added in the S&P BSE Sensex, replacing DR REDDY'S LABORATORIES, in a reconstitution of the index by Asia Index, a joint venture between S&P Dow Jones Indices LLC and BSE.
* VIJAYA BANK: Said its board has deferred a capital-raising plan for 2018-19.
