Today Stock News – 18.07.2018
* 5PAISA CAPITAL: The company's board has approved rights issue of shares in the ratio of one share for every one held in the company at an issue price of 80 rupees a share, aggregating to 1.04 bln rupees.
* ADHUNIK METALIKS: Liberty House of UK has received final approval of the National Company Law Tribunal to acquire the company.
* ALLAHABAD BANK: The government plans to infuse 17.9 bln rupees in the bank.
* ANDHRA BANK: The government plans to infuse 20.19 bln rupees in the bank.
* BEML: Has retained its 30% revenue growth guidance for 2018-19 (Apr-Mar) and expects to increase its share in the railways and metro rail segments, Chairman and Managing Director Deepak Kumar Hota said.
* BHARAT FORGE: Is embracing smart manufacturing standards in its workplace.
* CANARA BANK: Has launched Canara RuPay Credit Card.
* CORPORATION BANK: The government plans to infuse 25.55 bln rupees in the bank.
* EICHER MOTORS: Is eyeing an enhanced premiumisation and deeper penetration of its flagship Royal Enfield motorcycles by experimenting with new retail formats, organising more rides and events, and exploring untapped markets.
* GMR INFRASTRUCTURE: The Delhi High Court will hear the step-down subsidiary GMR Chattisgarh Energy's plea to return the bank guarantees it had given to the coal ministry for Talabira and Ganeshpur coal blocks on Aug 16.
* HDFC BANK: Will issue 39.1 mln shares on a preferential basis to parent HOUSING DEVELOPMENT FINANCE CORP at 2,174.09 rupees a share.
* ICICI BANK: The independent audit committee investigating the alleged irregularities in 31 NPA accounts of the bank has hired a law firm to assist the panel.
* IDBI BANK: Will seek the government's approval for Life Insurance Corp of India to increase its stake in the bank to 51%.
* IDEA CELLULAR: The Department of Telecommunications has rejected Vodafone India and the company's requests to recalculate their dues, saying its numbers are fine and that India's second- and third-ranked telcos should pay up to get a final seal of approval on their merger at the earliest.
* INDIAN HOTELS CO: Ginger, part of the company, has announced the signing of a new hotel in Noida's Sector 133.
* INDIAN OVERSEAS BANK: The government plans to infuse 21.56 bln rupees in the bank.
* INTERGLOBE AVIATION: AION Capital and some of its private equity peers are advancing on a potential deal to acquire InterGlobe Technologies, an arm of the InterGlobe conglomerate.
* JET AIRWAYS INDIA: The company is offering discounts of up to 30% on international flight tickets under the sevenday sale, starting from Tuesday.
* KANSAI NEROLAC PAINTS: Has completed the acquisition of 55% stake in RAK Paints, Bangladesh.
* KRIDHAN INFRA: Associate company Vijay Nirman Co has received an order worth 2.23 bln rupees for rehabilitation and upgradation of National Highway 167.
* MAX FINANCIAL SERVICES: Arm Max Life Insurance will be paying 10.84 bln rupees as policyholder bonus on the participating policies in-force, an increase of 27% over 8.54 bln rupees in the same period in the previous year.
* MCLEOD RUSSEL INDIA: Is seeking shareholders' approval to sell additional tea estates to raise funds to cut its debt and fund a share buyback plan, which is underway.
* MULTI COMMODITY OF EXCHANGE OF INDIA: A series of technical glitches in the company's trading system in the last two months is likely to lead to a "detailed investigation" by the Securities and Exchange Board of India.
* PIRAMAL ENTERPRISES: With its non-compete agreement with Abbott ending next month, Piramal's consumer products division has drawn up elaborate plans to expand its existing portfolio as well as acquire brands that have the potential for over-the-counter switches.
* PNC INFRATECH: The company's special purpose vehicle PNC Challakere (Karnataka) Highways has signed a concession agreement with National Highways Authority of India for four-laning the Challakere-to-Hariyur section of National Highway 150 A in Karnataka on a hybrid annuity mode.
* PUNJAB NATIONAL BANK: The government plans to infuse 28.16 bln rupees in the bank. The bank which has been staring at a default on interest payments, has received conditional approval from the RBI to pay interest on its perpetual bonds that are due next week. The bank has collected 1.51 bln rupees as penalty from its customers during the last financial year for not keeping minimum balance in savings accounts, reveals an RTI query.
* QUESS CORP: Has approved the acquisition of 70% stake in Quess East Bengal FC for 100 mln rupees in cash.
* RAMCO SYSTEMS: Has deployed a single-touch payroll solution for 25 clients in Australia with effect from Jul 1.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm has topped the chart of fastest 4G telecom operators with an average peak download speed of 22.3 mbps on its network while IDEA CELLULAR registered highest upload speed in May, according to a regulator report.
* ROLTA INDIA: Has entered into a revised restructuring agreement with a committee of holders of its $300-mln senior notes due in 2019 and $200-mln senior notes due in 2018.
* RURAL ELECTRIFICATION CORP: The company's board will on Jul 25 consider raising up to 700 bln rupees through the issuance of secured or unsecured bonds on a private placement basis, in tranches.
* TATA CONSULTANCY SERVICES: Has signed a partnership agreement with Total to create a digital innovation centre in India.
* TATA MOTORS: Has launched two self-shift gear variants of compact sports utility vehicle Tata Nexon HyprDrive-- XMA and XZA with automatic transmission at 750,000 rupees for the petrol variant and 853,000 rupees for the diesel variant, respectively, in Delhi.
* TATA STEEL: Ulrich Lehner, the chairman of Thyssenkrupp, has resigned citing pressure from activist shareholders, days after the German industrial giant announced the merger of its steel business with the company.
* TEJAS NETWORKS: Has implemented 100 gigabits per second dense wavelength division multiplexing optical network for MCM Telecom in Mexico.
* VIDEOCON INDUSTRIES: Has said that it can no longer continue as a 'going concern' and that it is ascertaining its valuation on a liquidation basis.
* YES BANK: Is collaborating with 10 'smart cities' for use of its YES Scale Smart Cities accelerator to tackle the challenges of urban development.
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* ADHUNIK METALIKS: Liberty House of UK has received final approval of the National Company Law Tribunal to acquire the company.
* ALLAHABAD BANK: The government plans to infuse 17.9 bln rupees in the bank.
* ANDHRA BANK: The government plans to infuse 20.19 bln rupees in the bank.
* BEML: Has retained its 30% revenue growth guidance for 2018-19 (Apr-Mar) and expects to increase its share in the railways and metro rail segments, Chairman and Managing Director Deepak Kumar Hota said.
* BHARAT FORGE: Is embracing smart manufacturing standards in its workplace.
* CANARA BANK: Has launched Canara RuPay Credit Card.
* CORPORATION BANK: The government plans to infuse 25.55 bln rupees in the bank.
* EICHER MOTORS: Is eyeing an enhanced premiumisation and deeper penetration of its flagship Royal Enfield motorcycles by experimenting with new retail formats, organising more rides and events, and exploring untapped markets.
* GMR INFRASTRUCTURE: The Delhi High Court will hear the step-down subsidiary GMR Chattisgarh Energy's plea to return the bank guarantees it had given to the coal ministry for Talabira and Ganeshpur coal blocks on Aug 16.
* HDFC BANK: Will issue 39.1 mln shares on a preferential basis to parent HOUSING DEVELOPMENT FINANCE CORP at 2,174.09 rupees a share.
* ICICI BANK: The independent audit committee investigating the alleged irregularities in 31 NPA accounts of the bank has hired a law firm to assist the panel.
* IDBI BANK: Will seek the government's approval for Life Insurance Corp of India to increase its stake in the bank to 51%.
* IDEA CELLULAR: The Department of Telecommunications has rejected Vodafone India and the company's requests to recalculate their dues, saying its numbers are fine and that India's second- and third-ranked telcos should pay up to get a final seal of approval on their merger at the earliest.
* INDIAN HOTELS CO: Ginger, part of the company, has announced the signing of a new hotel in Noida's Sector 133.
* INDIAN OVERSEAS BANK: The government plans to infuse 21.56 bln rupees in the bank.
* INTERGLOBE AVIATION: AION Capital and some of its private equity peers are advancing on a potential deal to acquire InterGlobe Technologies, an arm of the InterGlobe conglomerate.
* JET AIRWAYS INDIA: The company is offering discounts of up to 30% on international flight tickets under the sevenday sale, starting from Tuesday.
* KANSAI NEROLAC PAINTS: Has completed the acquisition of 55% stake in RAK Paints, Bangladesh.
* KRIDHAN INFRA: Associate company Vijay Nirman Co has received an order worth 2.23 bln rupees for rehabilitation and upgradation of National Highway 167.
* MAX FINANCIAL SERVICES: Arm Max Life Insurance will be paying 10.84 bln rupees as policyholder bonus on the participating policies in-force, an increase of 27% over 8.54 bln rupees in the same period in the previous year.
* MCLEOD RUSSEL INDIA: Is seeking shareholders' approval to sell additional tea estates to raise funds to cut its debt and fund a share buyback plan, which is underway.
* MULTI COMMODITY OF EXCHANGE OF INDIA: A series of technical glitches in the company's trading system in the last two months is likely to lead to a "detailed investigation" by the Securities and Exchange Board of India.
* PIRAMAL ENTERPRISES: With its non-compete agreement with Abbott ending next month, Piramal's consumer products division has drawn up elaborate plans to expand its existing portfolio as well as acquire brands that have the potential for over-the-counter switches.
* PNC INFRATECH: The company's special purpose vehicle PNC Challakere (Karnataka) Highways has signed a concession agreement with National Highways Authority of India for four-laning the Challakere-to-Hariyur section of National Highway 150 A in Karnataka on a hybrid annuity mode.
* PUNJAB NATIONAL BANK: The government plans to infuse 28.16 bln rupees in the bank. The bank which has been staring at a default on interest payments, has received conditional approval from the RBI to pay interest on its perpetual bonds that are due next week. The bank has collected 1.51 bln rupees as penalty from its customers during the last financial year for not keeping minimum balance in savings accounts, reveals an RTI query.
* QUESS CORP: Has approved the acquisition of 70% stake in Quess East Bengal FC for 100 mln rupees in cash.
* RAMCO SYSTEMS: Has deployed a single-touch payroll solution for 25 clients in Australia with effect from Jul 1.
* RELIANCE INDUSTRIES: Reliance Jio Infocomm has topped the chart of fastest 4G telecom operators with an average peak download speed of 22.3 mbps on its network while IDEA CELLULAR registered highest upload speed in May, according to a regulator report.
* ROLTA INDIA: Has entered into a revised restructuring agreement with a committee of holders of its $300-mln senior notes due in 2019 and $200-mln senior notes due in 2018.
* RURAL ELECTRIFICATION CORP: The company's board will on Jul 25 consider raising up to 700 bln rupees through the issuance of secured or unsecured bonds on a private placement basis, in tranches.
* TATA CONSULTANCY SERVICES: Has signed a partnership agreement with Total to create a digital innovation centre in India.
* TATA MOTORS: Has launched two self-shift gear variants of compact sports utility vehicle Tata Nexon HyprDrive-- XMA and XZA with automatic transmission at 750,000 rupees for the petrol variant and 853,000 rupees for the diesel variant, respectively, in Delhi.
* TATA STEEL: Ulrich Lehner, the chairman of Thyssenkrupp, has resigned citing pressure from activist shareholders, days after the German industrial giant announced the merger of its steel business with the company.
* TEJAS NETWORKS: Has implemented 100 gigabits per second dense wavelength division multiplexing optical network for MCM Telecom in Mexico.
* VIDEOCON INDUSTRIES: Has said that it can no longer continue as a 'going concern' and that it is ascertaining its valuation on a liquidation basis.
* YES BANK: Is collaborating with 10 'smart cities' for use of its YES Scale Smart Cities accelerator to tackle the challenges of urban development.
