Daily Stock News Today – 20.12.2017
* AMARA RAJA BATTERIES: Has commissioned the first phase of its two-wheeler battery plant in Chittoor, Andhra Pradesh.
* ASHIANA HOUSING: ICICI Prudential Mutual Fund bought 2.3 mln shares or 2.2% stake in the company at 157 rupees per share in a bulk deal on the National Stock Exchange.
* ASHOK LEYLAND: Launched 'Captain Haulage' and '3718 Plus' Bharat Stage IV trucks with intelligent exhaust gas recirculation engines in Mumbai.
* BHARTI AIRTEL: Has deposited a penalty of 25 mln rupees with the Unique Identification Authority of India for alleged violation of rules on using Aadhaar for its electronic know-your-customer verification process.
* CORPORATION BANK: Board will meet on Friday to consider raising capital by the bank.
* DEWAN HOUSING FINANCE CORP: Plans to raise up to 3.75 bln rupees through 1,151-day non-convertible debentures at a coupon rate of 7.97%.
* DPSC: Power Trust will sell 325.38 mln shares in the company through an offer for sale on exchanges.
* EDELWEISS FINANCIAL SERVICES: Is in advanced talks to buy the retail broking arm of RELIGARE ENTERPRISES.
* ESSAR SHIPPING: Has recently increased its cargo carrying capacity to 18 mln tn per annum and it is set to further ramp it up 25 mln tn per annum by 2020, even as it is looking to grow its third-party business.
* FORTIS HEALTHCARE: The National Pharmaceutical Pricing Authority has said that the company's Gurugram hospital made a margin of as much as 343% on essential drugs when treating Adya Singh for dengue shock syndrome.
* GMR INFRASTRUCTURE: The company's consortium with Megawide Construction Corp is awarded order for Clark Airport in Philippines on engineering, procurement and construction basis.
* HOUSING DEVELOPMENT FINANCE CORP: The board has approved raising up to 130 bln rupees through issue of shares, or compulsorily convertible debentures or warrants. The company will infuse 85 bln rupees from funds raised into HDFC BANK by participating in its preferential share issue.
* ICRA: Arm ICRA Management Consulting Services has launched a range of fixed income indices for the Indian debt market.
* INDIAN BANK: The board has approved raising up to 70 bln rupees of equity capital in one or more tranches, either in the current or subsequent financial years.
* INFO EDGE INDIA: The company, through its wholly-owned subsidiary, has acquired 29.62% stake in International Educational Gateway for 125 mln rupees.
* INDUSIND BANK: The Competition Commission of India approved the proposed merger of the bank and BHARAT FINANCIAL INCLUSION.
* INTERGLOBE AVIATION: Retaining its top position in terms of market share, the company's market share was largely unchanged at 39.4% in November, compared with 39.5% in October.
* JAIPRAKASH POWER VENTURES: SBICAP Trustee Co has invoked all the pledged shares held by the company in subsidiary Prayagraj Power Generation Co.
* MAHINDRA & MAHINDRA: Mahindra First Choice Wheels has launched a car device, Konnect First, in partnership with WIPRO.
* MARUTI SUZUKI: Has overtaken HINDUSTAN UNILEVER in market cap, just 11 days after it surpassed the STATE BANK OF INDIA.
* MBL INFRASTRUCTURES: The promoter of the company is eligible to bid for its assets, the Kolkata bench of the National Company Law Board has ruled.
* ORCHID PHARMA: Serum Institute of India sold 705,652 shares or 0.79% stake in the company at 19.37 rupees per share in a bulk deal on the National Stock Exchange.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm, Tata Group and five other telecom operators were called out by the Comptroller and Auditor General of India for underreporting their adjusted gross revenue by a total of 148.14 bln rupees. The National Company Law Tribunal dismissed Reliance Group's plea to postpone proceedings against group company Reliance Marine & Offshore in a case under the Insolvency & Bankruptcy Code.
* RELIANCE NAVAL AND ENGINEERING: The insolvency case against the company filed by IFCI in the National Company Law Tribunal was adjourned for further hearing on Jan 11.
* RUCHI SOYA INDUSTRIES: Insolvency proceeding has been initiated against the company and the powers of its board have been suspended.
* SHOPPERS STOP: Has appointed Rajiv Suri as chief executive officer with effect from Jan 9.
* SOMANY CERAMICS: The Reserve Bank of India has notified that non-resident investors can now buy shares of the company because their holding of shares of the company has now gone below the prescribed threshold.
* STATE BANK OF INDIA: REGKO has launched in partnership with the bank and DCB BANK, two blockchain-based asset registry solutions that verify and secure asset ownership information.
* TATA MOTORS: Has sold 2 mln units of its brand Tata Ace over the past 12 years.
* TATA STEEL: Will invest 235 bln rupees in ramping up the production capacity at its Kalinganagar plant to 8 mln tn per annum, more than double the current capacity of 3 mln tn. Has approved raising 128 bln rupees through equity instruments to fund the expansion.
* TATA TELESERVICES MAHARASHTRA: The company could not meet its loan obligations and has sought a waiver of its payment dues from its lenders.
* VEDANTA: Plans to raise 5 bln rupees through non-convertible debentures maturing in 1,080 days at a coupon of 7.80%. The company has made a strong case for the government selling its majority stake in OIL AND NATURAL GAS CORP and COAL INDIA or transferring their assets to private firms to cut import bill by at least 25%.
* WELSPUN ENTERPRISES: The board has decided not to invest in Welspun Financial Services and has decided to use the funds for its infrastructure business.
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* ASHIANA HOUSING: ICICI Prudential Mutual Fund bought 2.3 mln shares or 2.2% stake in the company at 157 rupees per share in a bulk deal on the National Stock Exchange.
* ASHOK LEYLAND: Launched 'Captain Haulage' and '3718 Plus' Bharat Stage IV trucks with intelligent exhaust gas recirculation engines in Mumbai.
* BHARTI AIRTEL: Has deposited a penalty of 25 mln rupees with the Unique Identification Authority of India for alleged violation of rules on using Aadhaar for its electronic know-your-customer verification process.
* CORPORATION BANK: Board will meet on Friday to consider raising capital by the bank.
* DEWAN HOUSING FINANCE CORP: Plans to raise up to 3.75 bln rupees through 1,151-day non-convertible debentures at a coupon rate of 7.97%.
* DPSC: Power Trust will sell 325.38 mln shares in the company through an offer for sale on exchanges.
* EDELWEISS FINANCIAL SERVICES: Is in advanced talks to buy the retail broking arm of RELIGARE ENTERPRISES.
* ESSAR SHIPPING: Has recently increased its cargo carrying capacity to 18 mln tn per annum and it is set to further ramp it up 25 mln tn per annum by 2020, even as it is looking to grow its third-party business.
* FORTIS HEALTHCARE: The National Pharmaceutical Pricing Authority has said that the company's Gurugram hospital made a margin of as much as 343% on essential drugs when treating Adya Singh for dengue shock syndrome.
* GMR INFRASTRUCTURE: The company's consortium with Megawide Construction Corp is awarded order for Clark Airport in Philippines on engineering, procurement and construction basis.
* HOUSING DEVELOPMENT FINANCE CORP: The board has approved raising up to 130 bln rupees through issue of shares, or compulsorily convertible debentures or warrants. The company will infuse 85 bln rupees from funds raised into HDFC BANK by participating in its preferential share issue.
* ICRA: Arm ICRA Management Consulting Services has launched a range of fixed income indices for the Indian debt market.
* INDIAN BANK: The board has approved raising up to 70 bln rupees of equity capital in one or more tranches, either in the current or subsequent financial years.
* INFO EDGE INDIA: The company, through its wholly-owned subsidiary, has acquired 29.62% stake in International Educational Gateway for 125 mln rupees.
* INDUSIND BANK: The Competition Commission of India approved the proposed merger of the bank and BHARAT FINANCIAL INCLUSION.
* INTERGLOBE AVIATION: Retaining its top position in terms of market share, the company's market share was largely unchanged at 39.4% in November, compared with 39.5% in October.
* JAIPRAKASH POWER VENTURES: SBICAP Trustee Co has invoked all the pledged shares held by the company in subsidiary Prayagraj Power Generation Co.
* MAHINDRA & MAHINDRA: Mahindra First Choice Wheels has launched a car device, Konnect First, in partnership with WIPRO.
* MARUTI SUZUKI: Has overtaken HINDUSTAN UNILEVER in market cap, just 11 days after it surpassed the STATE BANK OF INDIA.
* MBL INFRASTRUCTURES: The promoter of the company is eligible to bid for its assets, the Kolkata bench of the National Company Law Board has ruled.
* ORCHID PHARMA: Serum Institute of India sold 705,652 shares or 0.79% stake in the company at 19.37 rupees per share in a bulk deal on the National Stock Exchange.
* RELIANCE INDUSTRIES: Arm Reliance Jio Infocomm, Tata Group and five other telecom operators were called out by the Comptroller and Auditor General of India for underreporting their adjusted gross revenue by a total of 148.14 bln rupees. The National Company Law Tribunal dismissed Reliance Group's plea to postpone proceedings against group company Reliance Marine & Offshore in a case under the Insolvency & Bankruptcy Code.
* RELIANCE NAVAL AND ENGINEERING: The insolvency case against the company filed by IFCI in the National Company Law Tribunal was adjourned for further hearing on Jan 11.
* RUCHI SOYA INDUSTRIES: Insolvency proceeding has been initiated against the company and the powers of its board have been suspended.
* SHOPPERS STOP: Has appointed Rajiv Suri as chief executive officer with effect from Jan 9.
* SOMANY CERAMICS: The Reserve Bank of India has notified that non-resident investors can now buy shares of the company because their holding of shares of the company has now gone below the prescribed threshold.
* STATE BANK OF INDIA: REGKO has launched in partnership with the bank and DCB BANK, two blockchain-based asset registry solutions that verify and secure asset ownership information.
* TATA MOTORS: Has sold 2 mln units of its brand Tata Ace over the past 12 years.
* TATA STEEL: Will invest 235 bln rupees in ramping up the production capacity at its Kalinganagar plant to 8 mln tn per annum, more than double the current capacity of 3 mln tn. Has approved raising 128 bln rupees through equity instruments to fund the expansion.
* TATA TELESERVICES MAHARASHTRA: The company could not meet its loan obligations and has sought a waiver of its payment dues from its lenders.
* VEDANTA: Plans to raise 5 bln rupees through non-convertible debentures maturing in 1,080 days at a coupon of 7.80%. The company has made a strong case for the government selling its majority stake in OIL AND NATURAL GAS CORP and COAL INDIA or transferring their assets to private firms to cut import bill by at least 25%.
* WELSPUN ENTERPRISES: The board has decided not to invest in Welspun Financial Services and has decided to use the funds for its infrastructure business.
