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* ADANI ENTERPRISES: Adani Elbit Advanced Systems India, a joint venture between Adani Defence and Aerospace and Israel-based Elbit Systems, plans to set up a design and development centre for defence technologies.
-An Australian court has fined Adani Mining Pty, a part of the Adani Group, A$20,000 (around
961,032 rupees) after it pleaded guilty of providing "false or misleading" information to Queensland's
environmental regulator. (Australian Broadcasting Corp)
-Airbus signed a memorandum of understanding with Adani Defence and Aerospace at the Defence
Expo 2020 to leverage synergies in the aerospace sector.
* ADANI TRANSMISSION: Wholly-owned subsidiary Adani Electricity Mumbai has raised $1 bln through fixed-rated senior dollar notes maturing in 10 years at a coupon of 3.949%.
* AVENUE SUPERMARTS: Will soon launch another share sale that will see the company's promoter Radhakishan Damani offload more than 2% of his stake in the company.
* BEML: Launched an advanced version of medium bullet proof vehicle named 'Gaur' at the ongoing
DEFEXPO 2020 in Lucknow.
* BHARTI AIRTEL: The Department of Telecommunications has approved the merger of Tata
Teleservices' consumer mobility business with the company.
* COFFEE DAY ENTERPRISES: Coffee Day Global has clarified that it had mandated Deloitte for the limited purpose of vendor due diligence with respect to a proposed stake sale and not for conducting any forensic audit of the vendors or any transactions of the company with any other entity.
* DEWAN HOUSING FINANCE: In its money laundering probe against the company's chairman Kapil Wadhawan, currently in the Enforcement Directorate's custody, the agency has unearthed plot of land in Melbourne and some other properties allegedly purchased by him for 10 bln rupees.
* DLF: Is aiming to bring down its debt levels to 20-25 bln rupees through monetisation of land parcels and entitlements in the next 6-12 months, the company management said in a post-earnings conference call.
* GREAVES COTTON: Has diversified into non-automotive segments on account of the persisting
slowdown in demand plaguing the automobile sector and other changes such as transition to Bharat Stage- VI emission norms, government's electric vehicle push, and a liquidity crunch. Looking to increase the number of exclusive outlets for Ampere to around 500 by the next fiscal year, up from the current 200.
* HAWKINS COOKERS: Equity Intelligence India has sold 27,477 shares or 0.5% stake in the company at 4,584.85 rupees per share in a bulk deal on BSE.
* HINDALCO INDUSTRIES: Has cut the prices of its aluminium ingots, billets and wire rods for the fifth time within two weeks, trade sources told. The company has cut prices by more than 1% with effect from Wednesday, and rates of these products are at their lowest levels since June.
* HINDUSTAN ZINC: India could look at selling residual government stake in the company and Balco after a Supreme Court decision.
* HOUSING DEVELOPMENT FINANCE CORP: Raised 25.10 bln rupees through bonds maturing in five years at a coupon of 7.35%, a company official told.
* IIFL FINANCE: Set to raise up to $300 mln by selling dollar bonds.
* INDIABULLS HOUSING FINANCE: Credit Suisse Singapore sold 4 mln shares representing a 0.9% stake of the company at 316 rupees per share through a bulk deal on the National Stock Exchange.
* JSW STEEL: Closely watching all the upcoming iron ore mine auctions even as it completes land
acquisition in Odisha for a proposed greenfield project. In a shift of stance, the Ministry of Corporate Affairs has said the onus of checking whether the resolution plan for Bhushan Power & Steel, submitted by the company, passes all Insolvency and Bankruptcy Code checks, lies with the adjudicating authority and investigating agencies, and not the central government.
* KARUR VYSYA BANK: Will increase its marginal cost of funds-based lending rates by 10 basis points on six-month and one-year loans, effective Friday.
* LAKSHMI VILAS BANK: The bank may soon have a suitor willing to pump money into it. Has
submitted a list of potential investors to RBI, sources said. The list included Singapore-based DBS Bank and Capri Global.
* LARSEN & TOUBRO: With no new orders, the company's unit for K9 Vajra guns may turn idle. The 'Vajra', a-155 mm Howitzer, ordered by the Indian Army in 2017 after a global competition that was won by the company.
* MAHINDRA & MAHINDRA: Planning to bring in Peugeot Motorcycles e-Ludix scooter to India.
Due to coronavirus outbreak the situation in China may impact the supply of parts for Bharat Stage-IV vehicles, Managing Director Pawan Goenka said. Exploring partnerships with global manufacturers to jointly develop electric vehicles and their powertrains, Managing Director Pawan Goenka said.
* MINDA INDUSTRIES: Board has approved the merger of Minda iConnect with the company.
* PETRONET LNG: Automatic access to the boards of two valued energy firm--the company and
INDRAPRASTHA GAS--will be one of the key selling points of state-run BHARAT PETROLEUM
CORP's strategic disinvestment, the process for which will start this month.
* POWER FINANCE CORP: HDFC Mutual Fund has acquired 52.88 mln shares of the company,
representing 2% stake, through the open market on Tuesday.
* RELIANCE INDUSTRIES: Has said it will always comply with US sanctions policies affecting
Venezuela. This follows reports that said the Trump administration was 'concerned' by the company and some other energy companies' ties with Venezuela.
* RELIANCE INFRASTRUCTURE: Vanguard Energy Fund has sold 2.1 mln shares or 0.8% stake in the company in a bulk deal on the National Stock Exchange at 21.80 rupees per share.
* STATE BANK OF INDIA: Credit growth of 15-16% a year in the banking system is required for India to turn into a $5-trln economy, said Chairman Rajnish Kumar.
* SUNDARAM FINANCE: Has received 917.35 mln rupees from the sale of its 10% stake in Equifax Credit Information Services.
* TATA MOTORS: Jaguar Land Rover has extended the shutdown of the plant it runs in China in
partnership with Chery Automobile Co due to coronavirus outbreak.
* VEDANTA: Has cut the prices of its aluminium products by nearly 1% with effect from Wednesday. -Evaluating plans for a three-fold expansion of its alumina refinery in Odisha to 6 mtpa from its present level of 2 mtpa.
* VODAFONE IDEA: All the postpaid products and services will be offered to customers under the
Vodafone RED plan, thus dropping Idea as a brand name for this segment of users, which are typically the higher paying ones.
* WESTLIFE DEVELOPMENT: Promoter Makino Holdings has sold 4.7 mln shares or 3.02% stake in the company through the open market on Wednesday.
* WIPRO: Has got a multi-year global strategic IT deal from Marelli, a leading global tier-1 automotive technology supplier.
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