Today Stock News – 06.04.2018
* 63 MOONS TECHNOLOGIES: The Economic Offences Wing of Mumbai has frozen the operating
accounts of the company.
* AMTEK AUTO: The company's committee of creditors has approved a debt resolution plan submitted by Liberty House Group.
* ASHOK LEYLAND: Expects growth in its light commercial vehicles segment to exceed industry growth in
* IDEA CELLULAR: The telecom department is likely to approve the merger between the company and Vodafone India within this month.
* INDIAN BANK: Has introduced public financial management system, aimed at benefiting government agencies for taking up payment service.
* INDIAN OIL CORP: Has acquired 17% participating interest in Oman's largest producing oil field
Mukhaizna for $329 mln through its wholly-owned arm IOCL Singapore Pte.
* INDIAN OVERSEAS BANK: Has increased its retail term deposit rates by 10-80 basis points from
Thursday.
* INTERGLOBE AVIATION: Company-led IndiGo has added an old Airbus A320ceo on a short-term lease to mitigate capacity shortfall and the airline now has a fleet of 159 aircraft. IndiGo's flight operations at Varanasi airport have not been hit due to the strike of its ground staff and are operating on schedule.
-Will not participate in the bidding to acquire Air India as the government's plans for the disinvestment of the national carrier were not in sync with the company's strategy.
* KIRLOSKAR OIL ENGINES: Is investing 1 bln rupees to develop smart farm technology solutions for small and marginal farmers.
* KRIDHAN INFRA: Subsidiary KH Foges has bagged a 1.34-bln-rupee piling contract in Singapore.
* LARSEN & TOUBRO: The Serious Fraud Investigations Office has asked the Ministry of Corporate Affairs, if it can probe the company and its subsidiaries, over allegations of misappropriation of funds and bank loans.
* MAGMA FINCORP: Company's qualified institutional placement opened on Thursday and the floor price was set at 154.47 rupees per share.
* MAHINDRA & MAHINDRA: Plans to launch its Trakstar range of tractors in six more states as part of its Phase II growth plans.
* MAJESCO: The company's US subsidiary has signed a three-year application management services
agreement with a tier one specialty insurer to support their workers compensation operational systems.
* MARUTI SUZUKI INDIA: Total production of vehicles rose 11.9% to 172,195 units in March from 153,868 units a year ago.
* PARSVNATH DEVELOPERS: The 10.35-bln-rupee arbitration claim of the company against Rail Land Development Authority has been upheld by the Delhi High Court.
* PSP PROJECTS: Received work orders worth 873.3 mln rupees in the quarter ended March.
* PUNJAB NATIONAL BANK: The Central Bureau of Investigation has questioned four senior RBI officials in the fraud case.
* RELIANCE INDUSTRIES: Star India beat the company and Sony Pictures Networks to acquire the Board of Control for Cricket in India's global television and digital rights, with a bid of 61.38 bln rupees.
* SOBHA: Company's new sales rose 7.5% on quarter to 8.12 bln rupees in Jan-Mar, while average
realisation increased nearly 24% to 7,993 rupees per sq ft.
* SONA KOYO STEERING SYSTEMS: Company's promoter, JTEKT Corp, will sell up to 1.77% stake or 3.5 mln shares in the company through an offer for sale.
* STOVEC INDUSTRIES: The company's board has approved the sale of sugar screens business and
trademark "Atul" to its subsidiary Atul Sugars Screens for 99.62 mln rupees.
* TATA MOTORS: Company along with its distributor DRB-HICOM Commercial Vehicles launched the Super Ace, Ultra 814 and 1014 commercial vehicles in Malaysia.
* VEDANTA: Even as the company looks at entering into a long-term contract with Odisha Mining Corp to secure bauxite for its Lanjigarh alumina refinery from the latter's Kodingamali mines, the company is worried about escalation in the cost of procuring the raw material.
* VIDEOCON INDUSTRIES: Has paid its dues to ICICI BANK to the tune of almost 10 bln rupees till December.
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accounts of the company.
* AMTEK AUTO: The company's committee of creditors has approved a debt resolution plan submitted by Liberty House Group.
* ASHOK LEYLAND: Expects growth in its light commercial vehicles segment to exceed industry growth in
* IDEA CELLULAR: The telecom department is likely to approve the merger between the company and Vodafone India within this month.
* INDIAN BANK: Has introduced public financial management system, aimed at benefiting government agencies for taking up payment service.
* INDIAN OIL CORP: Has acquired 17% participating interest in Oman's largest producing oil field
Mukhaizna for $329 mln through its wholly-owned arm IOCL Singapore Pte.
* INDIAN OVERSEAS BANK: Has increased its retail term deposit rates by 10-80 basis points from
Thursday.
* INTERGLOBE AVIATION: Company-led IndiGo has added an old Airbus A320ceo on a short-term lease to mitigate capacity shortfall and the airline now has a fleet of 159 aircraft. IndiGo's flight operations at Varanasi airport have not been hit due to the strike of its ground staff and are operating on schedule.
-Will not participate in the bidding to acquire Air India as the government's plans for the disinvestment of the national carrier were not in sync with the company's strategy.
* KIRLOSKAR OIL ENGINES: Is investing 1 bln rupees to develop smart farm technology solutions for small and marginal farmers.
* KRIDHAN INFRA: Subsidiary KH Foges has bagged a 1.34-bln-rupee piling contract in Singapore.
* LARSEN & TOUBRO: The Serious Fraud Investigations Office has asked the Ministry of Corporate Affairs, if it can probe the company and its subsidiaries, over allegations of misappropriation of funds and bank loans.
* MAGMA FINCORP: Company's qualified institutional placement opened on Thursday and the floor price was set at 154.47 rupees per share.
* MAHINDRA & MAHINDRA: Plans to launch its Trakstar range of tractors in six more states as part of its Phase II growth plans.
* MAJESCO: The company's US subsidiary has signed a three-year application management services
agreement with a tier one specialty insurer to support their workers compensation operational systems.
* MARUTI SUZUKI INDIA: Total production of vehicles rose 11.9% to 172,195 units in March from 153,868 units a year ago.
* PARSVNATH DEVELOPERS: The 10.35-bln-rupee arbitration claim of the company against Rail Land Development Authority has been upheld by the Delhi High Court.
* PSP PROJECTS: Received work orders worth 873.3 mln rupees in the quarter ended March.
* PUNJAB NATIONAL BANK: The Central Bureau of Investigation has questioned four senior RBI officials in the fraud case.
* RELIANCE INDUSTRIES: Star India beat the company and Sony Pictures Networks to acquire the Board of Control for Cricket in India's global television and digital rights, with a bid of 61.38 bln rupees.
* SOBHA: Company's new sales rose 7.5% on quarter to 8.12 bln rupees in Jan-Mar, while average
realisation increased nearly 24% to 7,993 rupees per sq ft.
* SONA KOYO STEERING SYSTEMS: Company's promoter, JTEKT Corp, will sell up to 1.77% stake or 3.5 mln shares in the company through an offer for sale.
* STOVEC INDUSTRIES: The company's board has approved the sale of sugar screens business and
trademark "Atul" to its subsidiary Atul Sugars Screens for 99.62 mln rupees.
* TATA MOTORS: Company along with its distributor DRB-HICOM Commercial Vehicles launched the Super Ace, Ultra 814 and 1014 commercial vehicles in Malaysia.
* VEDANTA: Even as the company looks at entering into a long-term contract with Odisha Mining Corp to secure bauxite for its Lanjigarh alumina refinery from the latter's Kodingamali mines, the company is worried about escalation in the cost of procuring the raw material.
* VIDEOCON INDUSTRIES: Has paid its dues to ICICI BANK to the tune of almost 10 bln rupees till December.
