Daily Stock News Today – 06.11.2017
* ADANI ENTERPRISES: Is in talks with China Machinery Engineering Corp for the financing of a controversial coal mine project in Australia.
* ALLAHABAD BANK: Plans to raise at least 2 bln rupees through the issuance of Basel-III compliant tier-I bonds and has sought bids for the same on Friday.
* BHARAT ROAD NETWORK: The Company bought the balance 51% stake in Guruvayoor Infrastructure from KMC Infratech Road Holding for 970 mln rupees.
* BHARTI AIRTEL: Has opposed relaxation of cap on spectrum holdings in a band from the present 50% to ensure no telecom player is able to create a monopoly.
* BINANI CEMENT: Piramal Group is in the race to buy controlling stakes in the company.
* CENTRAL BANK OF INDIA: To recovers dues, the bank has invited initial bids for sale of 53 immovable and movable assets worth 1.73 bln rupees.
* COAL INDIA: The government has asked the company's exploration arm to identify the best properties for coal exploitation to meet rising demand from the power and steel sectors.
* CORPORATION BANK: Is likely to set 9.23% as the coupon on its issue of Basel-III compliant tier-I bonds.
* DEEPAK FERTILISERS & PETROCHEMICALS CORP: The board has approved the issue of non-convertible debentures worth 2.50 bln rupees.
* DR REDDY'S LABORATORIES: The company said it has launched the generic of cancer injection Vidaza 100-mg in Canada after receiving the approval of the Canadian health regulator.
* DREDGING CORP OF INDIA: Abu Dhabi's National Marine Dredging Co is keen to buy the state-owned company.
* ELECTROSTEEL STEELS: Piramal Group is in the race to buy controlling stakes in the company.
* EXCEL CROP CARE: The board has decided to wind up Excel Corp Care (Australia) Pty, a wholly-owned subsidiary.
* GTL INFRASTRUCTURE: To consider allotment of equity shares on conversion of compulsorily convertible bonds of series A aggregating to $5.15 mln at a conversion price of 10 rupees per share.
* GUJARAT PIPAVAV PORT: The board has decided to pay interim dividend of 1.70 rupees per share.
* HCL TECHNOLOGIES: To start its business operations at Nagpur campus from the first week of April 2018.
* HERO MOTOCORP: Total two-wheeler despatches, or sales to dealers, fell 4.8% on year to 631,105 units in October. The company has invested an additional 200 mln rupees in Ather Energy, the smart electric two-wheeler start-up.
* HIMADRI SPECIALITY CHEMICAL: Has received the board's approval to raise up to 10 bln rupees by issue of securities convertible into shares.
* HINDALCO INDUSTRIES: US-based subsidiary Novelis Inc has raised its guidance for adjusted earnings before interest, tax, depreciation, and amortisation to $1.15 bln-$1.20 bln for the current financial year.
* HINDUSTAN CONSTRUCTION CO: The total order book of the company was 215.2 bln rupees as of Thursday, as against 203.6 bln rupees on Jun 30.
* HI-TECH PIPES: Has installed a 250 kWp rooftop solar power project at its Sanand facility in Gujarat.
* HOUSING AND URBAN DEVELOPMENT CORP: Plans to raise at least 5 bln rupees through bonds maturing in three years and one month, and has sought bids on Friday.
* INFO EDGE (INDIA): Has invested an additional 379.3 mln rupees in arm Applect Learning Systems, which owns and operates meritnation.com.
* ITC: Is extending the newly-acquired Charmis brand to a range of skincare products to help scale up its presence in the high-margin personal-care business. Has launched packaged potatoes under a new brand called Farmland in its first step into the fresh fruit and vegetables segment.
* LAKSHMI VILAS BANK: Max Life Insurance has entered into formal negotiations with the bank to increase its stake in the lender to up to 10%.
* LUPIN: Has launched doxycycline hyclate tablets USP, a generic of Aqua Pharmaceuticals LLC's Acticlate tablets, in 75 mg and 150 mg strengths.
* MARUTI SUZUKI INDIA: The chief executive officer of parent Suzuki Motor Corp has warned of a serious downside risk to the company from a policy-induced push to electric vehicles in the country.
* NATCO PHARMA: The board has approved raising funds up to 15 bln rupees through issue of shares or convertible securities of variant nature.
* NTPC: The death toll in a boiler blast at the company's Unchahar power plant at Raebareli in Uttar Pradesh has risen to 29.
* OIL & NATURAL GAS CORP: To explore all ways to raise oil production, Chairman Shashi Shanker said. Arm ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field.
* POWER GRID CORP OF INDIA: Has commissioned the Leh-Khalsti transmission line.
* PUNJAB & SIND BANK: Punjab and Sind Bank has appointed General Manager S.C. Kwatra as the new chief financial officer.
* PUNJAB NATIONAL BANK: Has called an extraordinary general meeting of shareholders on Dec 4 to approve raising common equity tier-I capital worth 50 bln rupees.
* RAMCO SYSTEMS: As part of plans to expand its overseas presence would tap UK and Ireland markets with human capital management product.
* SHRIRAM CITY UNION FINANCE: The board has recommended paying 6 rupees per share interim dividend.
* SRF: Has reached a definitive agreement to acquire HFC-125 refrigerant assets of Mexichem UK for $10.1 mln.
* STATE BANK OF INDIA: Has adopted Microsoft Office 365, the cloud powered productivity solution that is aimed at digitising the country's largest lender's procurement, communication, finance, and accounting functions.
* TATA POWER CO: NTT Docomo Inc has tendered its proportionate shares in Tata Teleservices to the company after Tata Sons paid 83.11 bln rupees in terms of Delhi High Court's order on Apr 28.
* TATA MOTORS: Has announced the launch of automated manual transmission version of its compact sedan Tigor priced up to 622,000 rupees.
* UNICHEM LABORATORIES: TORRENT PHARMACEUTICALS is likely to announce the acquisition of the company's domestic formulations business today.
* UNITED SPIRITS: The Securities Appellate Tribunal has asked SEBI to expeditiously pass a fresh order in the matter relating to Diageo requiring to make additional payments to the minority shareholders of the company.
* VEDANTA: Has cut its capital expenditure guidance for the current financial year to $1.1 bln from $1.2 bln.
* WIPRO: Arm Wipro Ventures has invested an undisclosed sum in Headspin, a mobile app testing start-up.
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* ALLAHABAD BANK: Plans to raise at least 2 bln rupees through the issuance of Basel-III compliant tier-I bonds and has sought bids for the same on Friday.
* BHARAT ROAD NETWORK: The Company bought the balance 51% stake in Guruvayoor Infrastructure from KMC Infratech Road Holding for 970 mln rupees.
* BHARTI AIRTEL: Has opposed relaxation of cap on spectrum holdings in a band from the present 50% to ensure no telecom player is able to create a monopoly.
* BINANI CEMENT: Piramal Group is in the race to buy controlling stakes in the company.
* CENTRAL BANK OF INDIA: To recovers dues, the bank has invited initial bids for sale of 53 immovable and movable assets worth 1.73 bln rupees.
* COAL INDIA: The government has asked the company's exploration arm to identify the best properties for coal exploitation to meet rising demand from the power and steel sectors.
* CORPORATION BANK: Is likely to set 9.23% as the coupon on its issue of Basel-III compliant tier-I bonds.
* DEEPAK FERTILISERS & PETROCHEMICALS CORP: The board has approved the issue of non-convertible debentures worth 2.50 bln rupees.
* DR REDDY'S LABORATORIES: The company said it has launched the generic of cancer injection Vidaza 100-mg in Canada after receiving the approval of the Canadian health regulator.
* DREDGING CORP OF INDIA: Abu Dhabi's National Marine Dredging Co is keen to buy the state-owned company.
* ELECTROSTEEL STEELS: Piramal Group is in the race to buy controlling stakes in the company.
* EXCEL CROP CARE: The board has decided to wind up Excel Corp Care (Australia) Pty, a wholly-owned subsidiary.
* GTL INFRASTRUCTURE: To consider allotment of equity shares on conversion of compulsorily convertible bonds of series A aggregating to $5.15 mln at a conversion price of 10 rupees per share.
* GUJARAT PIPAVAV PORT: The board has decided to pay interim dividend of 1.70 rupees per share.
* HCL TECHNOLOGIES: To start its business operations at Nagpur campus from the first week of April 2018.
* HERO MOTOCORP: Total two-wheeler despatches, or sales to dealers, fell 4.8% on year to 631,105 units in October. The company has invested an additional 200 mln rupees in Ather Energy, the smart electric two-wheeler start-up.
* HIMADRI SPECIALITY CHEMICAL: Has received the board's approval to raise up to 10 bln rupees by issue of securities convertible into shares.
* HINDALCO INDUSTRIES: US-based subsidiary Novelis Inc has raised its guidance for adjusted earnings before interest, tax, depreciation, and amortisation to $1.15 bln-$1.20 bln for the current financial year.
* HINDUSTAN CONSTRUCTION CO: The total order book of the company was 215.2 bln rupees as of Thursday, as against 203.6 bln rupees on Jun 30.
* HI-TECH PIPES: Has installed a 250 kWp rooftop solar power project at its Sanand facility in Gujarat.
* HOUSING AND URBAN DEVELOPMENT CORP: Plans to raise at least 5 bln rupees through bonds maturing in three years and one month, and has sought bids on Friday.
* INFO EDGE (INDIA): Has invested an additional 379.3 mln rupees in arm Applect Learning Systems, which owns and operates meritnation.com.
* ITC: Is extending the newly-acquired Charmis brand to a range of skincare products to help scale up its presence in the high-margin personal-care business. Has launched packaged potatoes under a new brand called Farmland in its first step into the fresh fruit and vegetables segment.
* LAKSHMI VILAS BANK: Max Life Insurance has entered into formal negotiations with the bank to increase its stake in the lender to up to 10%.
* LUPIN: Has launched doxycycline hyclate tablets USP, a generic of Aqua Pharmaceuticals LLC's Acticlate tablets, in 75 mg and 150 mg strengths.
* MARUTI SUZUKI INDIA: The chief executive officer of parent Suzuki Motor Corp has warned of a serious downside risk to the company from a policy-induced push to electric vehicles in the country.
* NATCO PHARMA: The board has approved raising funds up to 15 bln rupees through issue of shares or convertible securities of variant nature.
* NTPC: The death toll in a boiler blast at the company's Unchahar power plant at Raebareli in Uttar Pradesh has risen to 29.
* OIL & NATURAL GAS CORP: To explore all ways to raise oil production, Chairman Shashi Shanker said. Arm ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field.
* POWER GRID CORP OF INDIA: Has commissioned the Leh-Khalsti transmission line.
* PUNJAB & SIND BANK: Punjab and Sind Bank has appointed General Manager S.C. Kwatra as the new chief financial officer.
* PUNJAB NATIONAL BANK: Has called an extraordinary general meeting of shareholders on Dec 4 to approve raising common equity tier-I capital worth 50 bln rupees.
* RAMCO SYSTEMS: As part of plans to expand its overseas presence would tap UK and Ireland markets with human capital management product.
* SHRIRAM CITY UNION FINANCE: The board has recommended paying 6 rupees per share interim dividend.
* SRF: Has reached a definitive agreement to acquire HFC-125 refrigerant assets of Mexichem UK for $10.1 mln.
* STATE BANK OF INDIA: Has adopted Microsoft Office 365, the cloud powered productivity solution that is aimed at digitising the country's largest lender's procurement, communication, finance, and accounting functions.
* TATA POWER CO: NTT Docomo Inc has tendered its proportionate shares in Tata Teleservices to the company after Tata Sons paid 83.11 bln rupees in terms of Delhi High Court's order on Apr 28.
* TATA MOTORS: Has announced the launch of automated manual transmission version of its compact sedan Tigor priced up to 622,000 rupees.
* UNICHEM LABORATORIES: TORRENT PHARMACEUTICALS is likely to announce the acquisition of the company's domestic formulations business today.
* UNITED SPIRITS: The Securities Appellate Tribunal has asked SEBI to expeditiously pass a fresh order in the matter relating to Diageo requiring to make additional payments to the minority shareholders of the company.
* VEDANTA: Has cut its capital expenditure guidance for the current financial year to $1.1 bln from $1.2 bln.
* WIPRO: Arm Wipro Ventures has invested an undisclosed sum in Headspin, a mobile app testing start-up.
