Today Stock News – 12.10.2018
* BANK OF BARODA: The government has extended P.S. Jayakumar's term as managing director and chief executive officer of the bank by one year.
* BSE: Has signed a pact with the Dubai Mercantile Exchange to venture into the energy sector.
* FUTURE CONSUMER: One in every five products sold at Big Bazaar is owned by the company, said founder Kishore Biyani.
* FUTURE ENTERPRISES: Has raised 3 bln rupees by allotting non-convertible debentures on a private placement basis.
* IDBI BANK: The Delhi High Court has deferred to Oct 23 hearing on a petition against the proposed acquisition of up to 51% stake in the bank by Life Insurance Corp of India.
* JET AIRWAYS INDIA: The airline delayed the payment of salaries due on Thursday to its senior
employees. The management of the airline is understood to have conveyed to its senior pilots that it might have to ground 23 Boeing 737 aircrafts to cut down losses.
* JSW ENERGY: Is looking to acquire stressed hydro projects to increase its renewable energy portfolio, along with reviving its 240 MW Kuther hydro power project in Himachal Pradesh.
* JSW STEEL: The company, Liberty House, SSG Capital Management, and Aion Investments have shown interest in debt-laden UTTAM VALUE STEELS and Uttam Galva Metallics.
* MAHINDRA & MAHINDRA: Has entered into a strategic partnership with Castrol India to endorse a range of the latter's products comprising of aftermarket engine oils and transmission fluids for its tractors. The company has launched an upgraded version of its Bolero Pik-up with price starting at 670,000 rupees, exshowroom Delhi.
* OIL & NATURAL GAS CORP: Has terminated a $152-mln contract awarded to Mercator Oil & Gas in 2011 for converting its offshore drilling rig, Sagar Samrat, into a mobile offshore production unit.
* ONMOBILE GLOBAL: The company's subsidiary OnMobile Europe BV has entered into an agreement to acquire Sweden-based Appland AB for up to $15 mln in two or more tranches.
* PNB HOUSING FINANCE: Is looking to raise another $250 mln-$300 mln through external commercial borrowing by November amid market turmoil and fear of a further squeeze in the liquidity system.
* PUNJAB NATIONAL BANK: The bank has sold non-performing credit card outstandings worth over 3% of its portfolio in the category in September.
* RELIANCE COMMUNICATIONS: The telecom tribunal rejected the Department of Telecommunications' plea for bank guarantees from the company to secure dues worth nearly 30 bln rupees as spectrum usage charge.
* SAMBHAAV MEDIA: Has commenced FM radio operations in Godhra, Gujarat.
* SATIN CREDITCARE NETWORK: Has entered into a strategic business correspondent partnership with INDUSIND BANK.
* STATE BANK OF INDIA: The Central Bureau of Investigation is examining the role of top officials of the bank in disbursing loans to businessman Vijay Mallya, allegedly without conducting due diligence.
* STEEL AUTHORITY OF INDIA: Has appointed A.K. Rath as chief executive officer of the Bhilai Plant, where a fatal accident on Tuesday has so far claimed 13 lives.
* SUNDARAM CLAYTON: Has started new plant at Oragadam, Tamil Nadu, with an investment of over 1.50 bln rupees.
* SUNDRAM FASTENERS: Has announced that it has won the prestigious Deming Prize for all its 17 plants located in India.
* TATA MOTORS: Is working on plans to revamp its entire dealership network as it seeks to bolster attempts to stage a turnaround in its passenger vehicle business in India.
* TVS MOTOR CO: Has launched a refreshed version of its scooter Wego priced at 53,027 rupees, exshowroom Delhi.
* UNION BANK OF INDIA: Has put up for sale its stakes in six companies to raise around 7 bln rupees.
* WIPRO: Has launched innovation and talent hub in Reading, UK, to train computer science graduates and degree apprentices in digital technologies.
* YES BANK: Has finalised management consulting company Korn Ferry to assist it in finding Chief
Executive Officer and Managing Director Rana Kapoor's successor.
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* BSE: Has signed a pact with the Dubai Mercantile Exchange to venture into the energy sector.
* FUTURE CONSUMER: One in every five products sold at Big Bazaar is owned by the company, said founder Kishore Biyani.
* FUTURE ENTERPRISES: Has raised 3 bln rupees by allotting non-convertible debentures on a private placement basis.
* IDBI BANK: The Delhi High Court has deferred to Oct 23 hearing on a petition against the proposed acquisition of up to 51% stake in the bank by Life Insurance Corp of India.
* JET AIRWAYS INDIA: The airline delayed the payment of salaries due on Thursday to its senior
employees. The management of the airline is understood to have conveyed to its senior pilots that it might have to ground 23 Boeing 737 aircrafts to cut down losses.
* JSW ENERGY: Is looking to acquire stressed hydro projects to increase its renewable energy portfolio, along with reviving its 240 MW Kuther hydro power project in Himachal Pradesh.
* JSW STEEL: The company, Liberty House, SSG Capital Management, and Aion Investments have shown interest in debt-laden UTTAM VALUE STEELS and Uttam Galva Metallics.
* MAHINDRA & MAHINDRA: Has entered into a strategic partnership with Castrol India to endorse a range of the latter's products comprising of aftermarket engine oils and transmission fluids for its tractors. The company has launched an upgraded version of its Bolero Pik-up with price starting at 670,000 rupees, exshowroom Delhi.
* OIL & NATURAL GAS CORP: Has terminated a $152-mln contract awarded to Mercator Oil & Gas in 2011 for converting its offshore drilling rig, Sagar Samrat, into a mobile offshore production unit.
* ONMOBILE GLOBAL: The company's subsidiary OnMobile Europe BV has entered into an agreement to acquire Sweden-based Appland AB for up to $15 mln in two or more tranches.
* PNB HOUSING FINANCE: Is looking to raise another $250 mln-$300 mln through external commercial borrowing by November amid market turmoil and fear of a further squeeze in the liquidity system.
* PUNJAB NATIONAL BANK: The bank has sold non-performing credit card outstandings worth over 3% of its portfolio in the category in September.
* RELIANCE COMMUNICATIONS: The telecom tribunal rejected the Department of Telecommunications' plea for bank guarantees from the company to secure dues worth nearly 30 bln rupees as spectrum usage charge.
* SAMBHAAV MEDIA: Has commenced FM radio operations in Godhra, Gujarat.
* SATIN CREDITCARE NETWORK: Has entered into a strategic business correspondent partnership with INDUSIND BANK.
* STATE BANK OF INDIA: The Central Bureau of Investigation is examining the role of top officials of the bank in disbursing loans to businessman Vijay Mallya, allegedly without conducting due diligence.
* STEEL AUTHORITY OF INDIA: Has appointed A.K. Rath as chief executive officer of the Bhilai Plant, where a fatal accident on Tuesday has so far claimed 13 lives.
* SUNDARAM CLAYTON: Has started new plant at Oragadam, Tamil Nadu, with an investment of over 1.50 bln rupees.
* SUNDRAM FASTENERS: Has announced that it has won the prestigious Deming Prize for all its 17 plants located in India.
* TATA MOTORS: Is working on plans to revamp its entire dealership network as it seeks to bolster attempts to stage a turnaround in its passenger vehicle business in India.
* TVS MOTOR CO: Has launched a refreshed version of its scooter Wego priced at 53,027 rupees, exshowroom Delhi.
* UNION BANK OF INDIA: Has put up for sale its stakes in six companies to raise around 7 bln rupees.
* WIPRO: Has launched innovation and talent hub in Reading, UK, to train computer science graduates and degree apprentices in digital technologies.
* YES BANK: Has finalised management consulting company Korn Ferry to assist it in finding Chief
Executive Officer and Managing Director Rana Kapoor's successor.
