Today's Stock News - 03.02.2020 : 09.00 Am
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* ALKEM LABORATORIES: Got tentative approval from The US Food and Drug Administration's nod for generic of Samsca tablet.
* APOLLO MICRO SYSTEMS: The board has approved subscribing to fresh equity in Ananya Sip RF Technologies in order to get 51% stake.
* BHARAT PETROLEUM CORP: The government will come out with the expression-of-interest inviting bidders for privatisation of the company within few days.
* CAMLIN FINE SCIENCES: Maharashtra Pollution Control Board has allowed the company to restart operations at its manufacturing unit at Palghar, subject to certain conditions.
* CENTRUM CAPITAL: A private equity fund managed by Morgan Stanley has agreed to invest 1.90 bln rupees in the group's housing finance business Centrum Housing Finance.
* COAL INDIA: The company's production rose 10.3% on year to 63.11 mln tn in January, while offtake was up 6.9% at 56.05 mln tn, according to provisional figures.
* DLF: Leased 200,000 sq ft of office space to Facebook in Gurugram's Cyber City.
* EICHER MOTORS: In January, the company's overall commercial vehicle sales declined 6% on year to 5,544 units. Total sales of Royal Enfield motorcycles fell 13% on year to 63,520 units in January.
* FORTIS HEALTHCARE: Shareholders have approved increasing limit on creation of charge, mortgages, among others, to up to 60 bln rupees.
* HERO MOTOCORP: The company's total sales fell 13.9% on year to 501,622 units in January.
* HINDUSTAN AERONAUTICS: Will make advanced unmanned combat aerial vehicles with Israeli company.
* INDIAN BANK: Has cut its marginal cost of funds-based lending rates by five basis points across tenures.
* INDIAN OIL CORP: The company, BHARAT PETROLEUM CORP and HINDUSTAN PETROLEUM CORP are preparing to receive investments from Saudi Aramco and Abu Dhabi National Oil Co even as the state-run oil marketing companies await the Maharashtra government's decision on providing a fresh patch of land for the $70 bln Ratnagiri Refinery and Petrochemicals project.
* INFO EDGE INDIA: IE Venture Fund I, an alternate investment fund set up by the company, has invested 252 mln rupees in Mumbai-based Qyuki Digital Media.
* ITI: Subscription to the company's follow-on public offer remained unchanged on the seventh day at a mere 25%. The company received bids for just 45.4 mln shares against 181.8 mln on offer.
* JSW STEEL: Has bagged two iron ore mines with total reserves of 980 mln tn in the auction in Odisha.
* MAHINDRA & MAHINDRA: The measures proposed by the government in the rural and
agricultural sector in the Union Budget 2020-21 (Apr-Mar) come with a flip side that they will not be able to revive demand immediately, said the company's Managing Director Pawan Goenka.
* MOIL: Increased some product prices by 2.5-7.5% effective Saturday.
* MUTHOOT CAPITAL SERVICES: Raised 1.73 bln rupees through a securitisation deal on Friday.
* NMDC: Iron ore sales in January were nearly 4% lower on year at 2.96 mln tn, while production remained unchanged at 3.31 mln tn.
* OIL AND NATURAL GAS CORP: The company, INDIAN OIL CORP and other oil public sector
undertakings will invest over 985.21 bln rupees in year 2020-21 (Apr-Mar) in exploring for oil and gas, refineries, petrochemicals and laying pipelines.
* RELIANCE INFRASTRUCTURE: Jai Anshul Ambani, Jai Anmol Ambani resign as directors.
* SHILPA MEDICARE: Got tentative approval from the US Food and Drug Administration for the generic of Esbriet drug.
* SML ISUZU: Total sales in January rose nearly 12% on year to 1,112 units.
* TATA MOTORS: The company's total domestic sales fell 18% on year to 45,242 units in January.
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