Daily Stock News Today – 27.12.2017
* 63 MOONS TECHNOLOGIES: SEBI has imposed a fine of 100,000 rupees on the company for failing to comply with the regulatory requirement to get prior approval from the exchanges before fresh name change, under the Listing Obligations and Disclosure Requirements regulations.
* APOLLO TYRES: Is looking to partially deploy the resources to develop a new greenfield facility in Andhra Pradesh.
* CANARA BANK: The board of the bank has decided to raise up to 35 bln rupees through qualified institutional placement by issuing up to 90 mln shares.
* CASTEX TECHNOLOGIES: National Company Law Tribunal, Mumbai, has appointed Dinkar Tiruvannadapuram Venkatasubramanian as an Interim Resolution Professional to carry out the Corporate Insolvency Resolution Process of the company.
* DABUR INDIA: Launched a range of packaged fruit-based mocktails in a ready-to-drink format under its Real brand.
* DLF: Has said its promoters have concluded the sale of 33.34% stake in its rental arm to sovereign wealth fund GIC for nearly 90 bln rupees.
* ESSAR SHIPPING: Expecting to clock revenues of $48 mln in 2017-18 (Apr-Mar).
* GUJARAT NRE COKE: Which has so far failed to resolve the 49 bln rupees default case, may face liquidation in the new year.
* IFCI: The Securities and Exchange Board of India has levied a penalty of 14 mln rupees on the company for violation of disclosure and insider trading norms for shares held in Glodyne Technoserve.
* INFOSYS: Promoters stake in the company has risen to 12.90%, from 12.75%, after the software major's 130-blnrupee share buyback.
* JAYPEE INFRATECH: To expedite the deliveries of its apartments as it is aiming to deliver over 5,100 apartments and plots by March 2018 in a bid to avoid the ongoing tussle with homebuyers and lenders.
* JINDAL STEEL & POWER: Completed the 250-tn basic oxygen furnace, marking completion of its 6-mtpa integrated steel project at Angul, Odisha.
* LT FOODS: Raised 4 bln rupees through issue of shares to qualified institutional buyers.
* NESTLE INDIA: The company will soon offer ready-to-eat meals to Railway passengers.
* NITIRAJ ENGINEERS: The company received orders for 35,000 mother and child weighing scales, of which 21,000 has been ordered by Madhya Pradesh government, 6,000 by Telangana government, 5,000 by Maharashtra government and 3,000 by Odisha government.
* ORTEL COMMUNICATIONS: Board has approved forming a subsidiary with name Ortel Broadband or any other name whichever will be approved by Registrar of Companies.
* PRESTIGE ESTATES PROJECTS: Will buy the remaining 66.66% stake in Prestige Projects from the investors and land owners for 3.24 bln rupees.
* PUNJAB & SIND BANK: The bank said the proposed strike by All India Bank Employees Association and All India Bank Officers Associates on Wednesday has been deferred, without stating a cause.
* STATE BANK OF INDIA: Lendingkart has raised 250 mln rupees in debt from the bank.
* TATA STEEL: Has sounded out banks about raising the equivalent of $5.1 bln through loan facilities and a bond issue to help refinance debt.
* TATA TELESERVICES (MAHARASHTRA): Has said the Comptroller and Auditor General of India's report on telecom companies underreporting revenues is based on the auditor's interpretation of the definition of adjusted gross revenue, which is currently inconclusive.
* TVS MOTOR COMPANY: Has restructured its organisation to reflect unique customer demands at various points along the price gradient.
* VIJAYA BANK: Has sought fresh bids for the sale of land property of ERA INFRA ENGINEERING and its guarantors to recover their loans and interest dues of 2.02 bln rupees.
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* APOLLO TYRES: Is looking to partially deploy the resources to develop a new greenfield facility in Andhra Pradesh.
* CANARA BANK: The board of the bank has decided to raise up to 35 bln rupees through qualified institutional placement by issuing up to 90 mln shares.
* CASTEX TECHNOLOGIES: National Company Law Tribunal, Mumbai, has appointed Dinkar Tiruvannadapuram Venkatasubramanian as an Interim Resolution Professional to carry out the Corporate Insolvency Resolution Process of the company.
* DABUR INDIA: Launched a range of packaged fruit-based mocktails in a ready-to-drink format under its Real brand.
* DLF: Has said its promoters have concluded the sale of 33.34% stake in its rental arm to sovereign wealth fund GIC for nearly 90 bln rupees.
* ESSAR SHIPPING: Expecting to clock revenues of $48 mln in 2017-18 (Apr-Mar).
* GUJARAT NRE COKE: Which has so far failed to resolve the 49 bln rupees default case, may face liquidation in the new year.
* IFCI: The Securities and Exchange Board of India has levied a penalty of 14 mln rupees on the company for violation of disclosure and insider trading norms for shares held in Glodyne Technoserve.
* INFOSYS: Promoters stake in the company has risen to 12.90%, from 12.75%, after the software major's 130-blnrupee share buyback.
* JAYPEE INFRATECH: To expedite the deliveries of its apartments as it is aiming to deliver over 5,100 apartments and plots by March 2018 in a bid to avoid the ongoing tussle with homebuyers and lenders.
* JINDAL STEEL & POWER: Completed the 250-tn basic oxygen furnace, marking completion of its 6-mtpa integrated steel project at Angul, Odisha.
* LT FOODS: Raised 4 bln rupees through issue of shares to qualified institutional buyers.
* NESTLE INDIA: The company will soon offer ready-to-eat meals to Railway passengers.
* NITIRAJ ENGINEERS: The company received orders for 35,000 mother and child weighing scales, of which 21,000 has been ordered by Madhya Pradesh government, 6,000 by Telangana government, 5,000 by Maharashtra government and 3,000 by Odisha government.
* ORTEL COMMUNICATIONS: Board has approved forming a subsidiary with name Ortel Broadband or any other name whichever will be approved by Registrar of Companies.
* PRESTIGE ESTATES PROJECTS: Will buy the remaining 66.66% stake in Prestige Projects from the investors and land owners for 3.24 bln rupees.
* PUNJAB & SIND BANK: The bank said the proposed strike by All India Bank Employees Association and All India Bank Officers Associates on Wednesday has been deferred, without stating a cause.
* STATE BANK OF INDIA: Lendingkart has raised 250 mln rupees in debt from the bank.
* TATA STEEL: Has sounded out banks about raising the equivalent of $5.1 bln through loan facilities and a bond issue to help refinance debt.
* TATA TELESERVICES (MAHARASHTRA): Has said the Comptroller and Auditor General of India's report on telecom companies underreporting revenues is based on the auditor's interpretation of the definition of adjusted gross revenue, which is currently inconclusive.
* TVS MOTOR COMPANY: Has restructured its organisation to reflect unique customer demands at various points along the price gradient.
* VIJAYA BANK: Has sought fresh bids for the sale of land property of ERA INFRA ENGINEERING and its guarantors to recover their loans and interest dues of 2.02 bln rupees.
