Today's Stock News – 17.07.2019
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
* 5PAISA CAPITAL: The company's board has approved rights issue of shares in the ratio of one share for every on held in the company at an issue price of 80 rupees, aggregating to 1.02 bln rupees.
* APOLLO HOSPITALS ENTERPRISE: Might see its promoters' pledged shares going up for a short while to 75%, from 68% now.
* BANK OF BARODA: Is planning to bolster its capital base by raising up to 130 bln rupees by December to support a 15% business growth and maintain a capital adequacy ratio that is 1% above the regulatory minimum.
* BHARAT HEAVY ELECTRICALS: Plans to take up the termination of contract by NMDC through the redressal mechanism available for disputes resolution between public sector enterprises.
* BHARAT PETROLEUM CORP: Has bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender.
* COX & KINGS: Has defaulted on a 450-mln-rupee payment on commercial papers, due Tuesday.
* DCB BANK: Has made a proposal to Abu Dhabi Commercial Bank to acquire the "identified customers" of its India operations, a move that will mainly boost the local bank's deposit base.
* DEWAN HOUSING FINANCE CORP: Private equity fund AION Capital, a joint venture between ICICI Venture and Apollo Global Management, is in talks to buy the retail loan portfolio of the company, and is not keen on picking up an equity stake in the financially strapped firm.
-Has shared its resolution plan with bankers and company sources claim the lenders are in sync with
the plan.
* EDELWEISS FINANCIAL SERVICES: US-based Kora Management is in advanced talks to buy 20% in Edelweiss Wealth Management for 20 bln rupees, valuing the company at 100 bln rupees.
* GAIL (INDIA): The government has asked the company to work on separating its gas marketing and gas transmission or pipeline operations, Petroleum Minister Dharmendra Pradhan said.
* IDBI BANK: Has reduced its marginal cost of funds-based lending rates on some tenures by 5 basis points, effective Tuesday.
* IL&FS ENGINEERING AND CONSTRUCTION CO: BSR & Associates LLP, joint statutory auditors of the company, has resigned, effective Sunday.
* INDIABULLS HOUSING FINANCE: Indiabulls Commercial Credit, a wholly owned subsidiary of the company, has raised 6.5 bln rupees through the issuance of bonds maturing in three years at a coupon of 8.75%.
* INTERGLOBE AVIATION: Regulatory pressure has increased on IndiGo to disclose details of the dispute between the promoters with the Securities and Exchange Board of India and the Ministry of Corporate Affairs asking the airline to submit all documents, including the EY report that examined the issue of related-party transactions.
* JET AIRWAYS INDIA: Lenders are likely to invite expressions of interest from potential buyers on
Saturday for the beleaguered airline under the insolvency process.
-A section of employees of JetLite, a wholly-owned subsidiary of the airline, said their claims should
also be included in the ongoing insolvency proceedings of the parent firm.
-The committee of creditors of the airline held its first meeting on Tuesday, and sources stated the
lenders discussed providing interim financing for revival of the airline and inviting bids for its sale by
Saturday.
-Committee of creditors will vote on Thursday on whether to pump in $10 mln into the airline as
interim funding.
* JSW STEEL: Has planned fresh investment of 4.19 bln rupees for adding tinplate capacity.
-Has sought immunity from future litigations against Bhushan Power & Steel for any illegal activity
under the previous management, amid reports of alleged bank fraud by former promoters of the troubled company undergoing debt resolution process.
* KOTAK MAHINDRA BANK: Reduced its marginal cost of funds-based lending rates on most tenures by 5- 10 basis points, effective Tuesday.
* KNR CONSTRUCTIONS: Received an order worth 8.47 bln rupees from Navayuga Engineering Co in Hyderabad.
* MAHANAGAR TELEPHONE NIGAM: The Group of Ministers has discussed a voluntary retirement scheme for the staff of Bharat Sanchar Nigam and the company, besides the allocation of 4G airwaves to the two state-run telecom companies, as part of their revival package.
* MINDTREE: Will stay as an independent entity and LARSEN & TOUBRO will back the special dividend plan by the company's promoters, L&T CEO S.N. Subrahmanyan told shareholders of the company on Tuesday.
* NTPC: Wholly-owned subsidiary Nabinagar Power Generating Co Ltd's first 660-MW unit has been added to total installed capacity of NTPC group. The new government in Andhra Pradesh has asked the company and Solar Energy Corp of India to revise power tariffs from 1,650 MW of solar projects to 2.44 rupees per unit retrospectively from the time of commissioning of the plants in 2016. Plans to install emission-control equipment at its 38 power plants could take up to four years to materialise, with an average expenditure of 5-7 mln rupees per MW, senior company officials said.
* PUNJAB & SIND BANK: Has cut its overnight and one-year marginal cost of fund-based lending by five basis points, effective Tuesday.
* RELIANCE CAPITAL: The Ministry of Corporate Affairs has begun an investigation into an alleged diversion of funds and suspicious transactions between the company, RELIANCE HOME FINANCE and other group companies.
* RELIANCE INDUSTRIES: Reliance Brands has signed a deal to bring iconic American jewellery brand Tiffany & Co to India.
* RELIGARE ENTERPRISES: Reserve Bank of India has rejected proposed appointment of two persons to the company's board of directors.
* SADBHAV INFRASTRUCTURE PROJECT: Toll revenue from 10 of the company's operational special purpose vehicles rose 2.3% on year to 2.81 bln rupees in Apr-Jun.
* SPICEJET: Directorate General of Civil Aviation on Tuesday suspended flying licences of two pilots of the airline for six months after an aircraft operated by them damaged runway edge lights during landing at Kolkata airport, a senior official said.
* STERLING BIOTECH: Enforcement Directorate has sought a letter of request from its special court to attach the oil assets of the company's promoters in Nigeria.
* SUZLON ENERGY: Defaulted on payment of bonds worth $172 mln, due on Tuesday.
* TATA MOTORS: The UK government has given the company's subsidiary Jaguar Land Rover Automotive Plc a 500-mln-pound sterling (42.7 bln rupees) loan guarantee to help it develop electric vehicles in the country.
* TATA POWER CO: Has partnered with NTT Com-Netmagic to build a 50 MW solar photovoltaic power plant at Solapur in Maharashtra.
* UNITECH: SKP & Co, internal auditor of the company has resigned on Monday.
* UNITED BANK OF INDIA: Has cut its marginal cost of funds-based lending rates for most tenures by 5 basis points, from today.
* VEDANTA: Will invest $650 mln in its new oil and gas blocks that it won in the government's last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said.
-The government has signed revenue-sharing contracts for 32 hydrocarbon blocks offered under the
open acreage licensing policy rounds-II and-III, adding 60,000 sq km to India's exploration map. OIL INDIA won 12 blocks under the two rounds, followed by the company with 10 blocks, while OIL & NATURAL GAS CORP won eight blocks and INDIAN OIL CORP won one block.
* VODAFONE IDEA: Brickwork has cut the company's non-convertible debenture rating to 'A+' from 'AA-'.
-Has given its 10,000-odd employees an average raise of 9% and a bonus payout of 97% across levels.
-The decision to levy 30.5-bln-rupee penalty on BHARTI AIRTEL and the company is delayed further
as the digital communications commission's meeting scheduled for today has been postponed.
* WIPRO: Founder Azim Premji said the company has stepped up focus on four big bets--digital, cloud, engineering services and cyber security--as it looks to grow the company's business.
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
