Today's Stock News – 29.05.2019
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* 3M INDIA: The board has appointed Ramesh Ramadurai as managing director of the company, effective Jun 1.
* CENTRUM CAPITAL: The board has approved raising up to 10 bln rupees by issuing non-convertible debentures.
* COAL INDIA: The government has prepared a scheme to auction power purchase agreements with attached coal supplies from the company. The auction of short-term power purchase agreements with coal supplies is expected to help some of the nearly 10-GW power plants lying idle due to lack of fuel and power contracts.
* DLF: Has transferred a three-acre piece of land in Gurugram worth 3.30 bln rupees to its joint venture with Singapore sovereign wealth fund GIC and is in the process of handing over a Noida shopping mall to settle its dues.
* GAIL (INDIA): More investment is needed in GAIL Gas before the company can be independently listed, said B.C. Tripathi, chairman and managing director. Plans to list subsidiary, Gail Gas, and is aggressively investing in city gas distribution to create volumes before it takes the company to the market.
* GANDHI SPECIAL TUBES: The company will buy back up to 900,000 shares at a price not over 550 rupees apiece.
* GREAVES COTTON: Launched electric scooter 'Zeal', under the government's FAME II policy, to strengthen the last mile e-mobility solution for commuters who currently use conventional fuel scooters.
* GUJARAT ALKALIES & CHEMICALS: The board has appointment of Vinayak Kudtarkar as chief financial officer, effective Jun 1, to replace H.B. Patel who will retire on Friday.
* HERO MOTOCORP: Has increased its stake in Ather Energy to 35.10% from 32.31%, following conversion of compulsorily convertible debentures into compulsorily convertible preference shares.
* HINDUSTAN COPPER: The board has approved raising the borrowing limit to 25 bln rupees.
* INDUSIND BANK: LKP Securities has downgraded its rating on the bank to 'market performer' from 'buy', and cut the target price on the stock to 1,693 rupees, citing the potential of big loans turning bad, and due to worries over the proposed transition in the management.
* JAYPEE INFRATECH: The Adani group has again entered the race for the company by making a non-binding offer of 5 bln rupees as upfront payment to lenders, employees and operational creditors.
* JET AIRWAYS (INDIA): The government will decide on whether to refer the grounded company to the Serious Fraud Investigation Office after a new minister takes charge later this week as an inspection by the Registrar of Companies allegedly showed irregularities.
- A plan by domestic lenders to take control of six aircraft owned by the company has run into rough
weather after a Dutch court ordered bankruptcy proceedings against the grounded airline last week.
* KARUR VYSYA BANK: Has tied up with Centrum Wealth Management to form a joint venture company to provide wealth management services to clients, subject to the receipt of regulatory approvals and registrations.
* MINDTREE: Has opened a 10,000-sq-ft delivery centre in Alpharetta, US, to serve clients in Greater Atlanta region better.
* NTPC: Is eyeing to produce 310 bln units of power and 10.4 mln tn of coal, and 200 bln rupees as capital expenditure in 2019-20 (Apr-Mar).
* PNB HOUSING FINANCE: The National Stock Exchange has withdrawn futures and options contracts on the company, MPHASIS, and LARSEN & TOUBRO INFOTECH.
* RELIANCE INDUSTRIES: Subsidiary Reliance Jio has sharply reduced the number of contracted employees, along with some permanent staff, as it strives to cut costs and improve operating margins, which fell in Jan-Mar.
* STATE BANK OF INDIA: Is preparing to raise 150 bln rupees to 180 bln rupees through qualified
institutional placement (QIP) in the next few weeks.
* SUN PHARMACEUTICAL INDUSTRIES: Sudhir V. Valia has resigned as whole-time director of the company, effective Wednesday.
* WELSPUN INDIA: Welspun group may take partial ownership in the slum rehabilitation projects that DHFL has financed.
* ZEE ENTERTAINMENT ENTERPRISES: The Subhash Chandra-led Essel Group is looking at the option of selling a small stake in the company to raise funds for loan repayment.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls
