Today Stock News – 25.10.2018
* 63 MOONS TECHNOLOGIES: The Bombay High Court on Wednesday granted interim relief to the company in connection with the Maharashtra Protection of Interest of Depositors Act matter.
* AU SMALL FINANCE BANK: Increased rates on retail term deposits by 50 basis points.
* BANK OF BARODA: The bank, DENA BANK and VIJAYA BANK have decided to set up internal committees, which will help integrate their functions before the merger happens.
* BHARTI AIRTEL: Added 1 mln users in August.
* BSE: Forayed into the commodity derivatives segment with the launch of 1 kg gold and 30 kg silver futures contracts on Oct 1, and clocked a turnover of 5.78 bln rupees on Tuesday, the highest since launch.
* DEN NETWORKS: MSD India Fund on Wednesday sold 2.99 mln shares or 1.59% stake in the company at 66.77 rupees a share through a bulk deal on the National Stock Exchange.
* DYNEMIC PRODUCTS: Gujarat Pollution Control Board has issued an order to shut the company's manufacturing unit at Ankleshwar.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Consumer goods maker Unilever, Nestle and Coca- Cola have begun due diligence on GlaxoSmithKline Consumer's Indian nutrition business, which includes malt beverage drinks Horlicks and Boost, and is estimated to be worth about $4 bln.
* GRUH FINANCE: Plans to raise at least 5 bln rupees through bonds maturing on Oct 30, 2028, and has invited bids on Friday.
* HEXAWARE TECHNOLOGIES: Board has appointed Vikash Kumar Jain as chief financial officer. Collaborated with Microsoft to accelerate adoption of cloud solution by enterprises.
* INTERGLOBE AVIATION: Vijayawada-Singapore direct flights are likely to commence from Dec 4, and not on Oct 25 as planned before.
* INFOSYS: Unveiled a new platform to help companies accelerate transformation to agile and DevOps.
* IRCON INTERNATIONAL: Made an additional investment of 500 mln rupees in Ircon Davanagere Haveri Highway Ltd, a wholly-owned subsidiary, through a rights share issue.
* JET AIRWAYS INDIA: Will commence daily non-stop services from Pune to Singapore from Dec 1 with fares starting 23,999 rupees.
* L&T FINANCE HOLDINGS: Has exposure of around 18 bln rupees to six special purpose vehicles of IL&FS TRANSPORTATION NETWORKS.
* LINDE INDIA: BOC Group has made an open offer to acquire 25% stake in the company from public shareholders at 276.09 rupees a share.
* NBCC (INDIA): May invite tenders for the remaining six stalled Amrapali projects by next week.
* QUESS CORP: Wholly-owned subsidiary Quesscorp Holdings Pte, Singapore, has completed acquisition of Comtel Solutions Pte and Comtel Pro Pte.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm added 12.18 mln wireless subscribers in August.
* SKF INDIA: Board has approved buyback of up to 1.9 mln shares at 2,100 rupees each, for an aggregate amount of up to 3.99 bln rupees.
* STATE BANK OF INDIA: Moved the Supreme Court seeking implementation of a high power panel's recommendation to amend power purchase agreements between various distribution companies and three Gujarat-based electricity producers who were running losses as they could not hike tariffs to compensate for the rise in cost of coal imported from Indonesia.
* TATA CHEMICALS: Signed a pact with Council of Scientific and Industrial Research, Central
Electrochemical Research Institute for technology to scale up manufacturing cathode materials for lithium-ion cells.
* TATA STEEL: Said subsidiary TATA SPONGE would be the strategic vehicle to undertake acquisition of USHA MARTIN's steel business.
* UTTAM GALVA STEELS: Deutsche Bank AG (Singapore Branch) has objected to the "process and manner" followed by Essar Steel's Committee of Creditors and ArcelorMittal regarding repayment of dues of the company which is linked to eligibility of ArcelorMittal's bid for Essar Steel.
* VEDANTA: Will begin operations at copper rod mill in Silvassa, with a capacity of 250,000 tn per annum, by the end of November, Sterlite Copper Chief Executive Officer P. Ramnath said on the sidelines of India Copper Forum.
* VIDEOCON INDUSTRIES: The principal bench of National Company Law Tribunal on Wednesday transferred all insolvency petitions related to Videocon group to the court of Justice M.K. Shrawat of the tribunal.
* VIPUL LTD: Acme Resources on Wednesday sold 2.99 mln shares or 2.49% stake in the company at 51.40 rupees a share through a bulk deal on BSE.
* VODAFONE IDEA: Lost 2.29 mln subscribers in August.
* WELSPUN INDIA: Welspun Group Managing Director Rajesh Mandawewala has bought a three-floor seafacing apartment in an upcoming South Mumbai residential tower for around 1.27 bln rupees, sources said.
* WIPRO: Board has appointed Arundhati Bhattacharya as additional director for a period of five years, effective Jan 1.
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* AU SMALL FINANCE BANK: Increased rates on retail term deposits by 50 basis points.
* BANK OF BARODA: The bank, DENA BANK and VIJAYA BANK have decided to set up internal committees, which will help integrate their functions before the merger happens.
* BHARTI AIRTEL: Added 1 mln users in August.
* BSE: Forayed into the commodity derivatives segment with the launch of 1 kg gold and 30 kg silver futures contracts on Oct 1, and clocked a turnover of 5.78 bln rupees on Tuesday, the highest since launch.
* DEN NETWORKS: MSD India Fund on Wednesday sold 2.99 mln shares or 1.59% stake in the company at 66.77 rupees a share through a bulk deal on the National Stock Exchange.
* DYNEMIC PRODUCTS: Gujarat Pollution Control Board has issued an order to shut the company's manufacturing unit at Ankleshwar.
* GLAXOSMITHKLINE CONSUMER HEALTHCARE: Consumer goods maker Unilever, Nestle and Coca- Cola have begun due diligence on GlaxoSmithKline Consumer's Indian nutrition business, which includes malt beverage drinks Horlicks and Boost, and is estimated to be worth about $4 bln.
* GRUH FINANCE: Plans to raise at least 5 bln rupees through bonds maturing on Oct 30, 2028, and has invited bids on Friday.
* HEXAWARE TECHNOLOGIES: Board has appointed Vikash Kumar Jain as chief financial officer. Collaborated with Microsoft to accelerate adoption of cloud solution by enterprises.
* INTERGLOBE AVIATION: Vijayawada-Singapore direct flights are likely to commence from Dec 4, and not on Oct 25 as planned before.
* INFOSYS: Unveiled a new platform to help companies accelerate transformation to agile and DevOps.
* IRCON INTERNATIONAL: Made an additional investment of 500 mln rupees in Ircon Davanagere Haveri Highway Ltd, a wholly-owned subsidiary, through a rights share issue.
* JET AIRWAYS INDIA: Will commence daily non-stop services from Pune to Singapore from Dec 1 with fares starting 23,999 rupees.
* L&T FINANCE HOLDINGS: Has exposure of around 18 bln rupees to six special purpose vehicles of IL&FS TRANSPORTATION NETWORKS.
* LINDE INDIA: BOC Group has made an open offer to acquire 25% stake in the company from public shareholders at 276.09 rupees a share.
* NBCC (INDIA): May invite tenders for the remaining six stalled Amrapali projects by next week.
* QUESS CORP: Wholly-owned subsidiary Quesscorp Holdings Pte, Singapore, has completed acquisition of Comtel Solutions Pte and Comtel Pro Pte.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm added 12.18 mln wireless subscribers in August.
* SKF INDIA: Board has approved buyback of up to 1.9 mln shares at 2,100 rupees each, for an aggregate amount of up to 3.99 bln rupees.
* STATE BANK OF INDIA: Moved the Supreme Court seeking implementation of a high power panel's recommendation to amend power purchase agreements between various distribution companies and three Gujarat-based electricity producers who were running losses as they could not hike tariffs to compensate for the rise in cost of coal imported from Indonesia.
* TATA CHEMICALS: Signed a pact with Council of Scientific and Industrial Research, Central
Electrochemical Research Institute for technology to scale up manufacturing cathode materials for lithium-ion cells.
* TATA STEEL: Said subsidiary TATA SPONGE would be the strategic vehicle to undertake acquisition of USHA MARTIN's steel business.
* UTTAM GALVA STEELS: Deutsche Bank AG (Singapore Branch) has objected to the "process and manner" followed by Essar Steel's Committee of Creditors and ArcelorMittal regarding repayment of dues of the company which is linked to eligibility of ArcelorMittal's bid for Essar Steel.
* VEDANTA: Will begin operations at copper rod mill in Silvassa, with a capacity of 250,000 tn per annum, by the end of November, Sterlite Copper Chief Executive Officer P. Ramnath said on the sidelines of India Copper Forum.
* VIDEOCON INDUSTRIES: The principal bench of National Company Law Tribunal on Wednesday transferred all insolvency petitions related to Videocon group to the court of Justice M.K. Shrawat of the tribunal.
* VIPUL LTD: Acme Resources on Wednesday sold 2.99 mln shares or 2.49% stake in the company at 51.40 rupees a share through a bulk deal on BSE.
* VODAFONE IDEA: Lost 2.29 mln subscribers in August.
* WELSPUN INDIA: Welspun Group Managing Director Rajesh Mandawewala has bought a three-floor seafacing apartment in an upcoming South Mumbai residential tower for around 1.27 bln rupees, sources said.
* WIPRO: Board has appointed Arundhati Bhattacharya as additional director for a period of five years, effective Jan 1.
