Today's Stock News - 03.01.2020 : 09.00 Am
KEEP REFRESH FOR NEXT UPDATE
* APOLLO HOSPITALS ENTERPRISE: May see pledged promoter holding in the company coming down to 25-30% by the end of January, with HDFC's proposed acquisition of Apollo Hospital Group's shares in Apollo Munich Health Insurance Co securing necessary regulatory approvals.
* BHARTI AIRTEL: Chief executive for broadband services, Sameer Batra, has quit and is joining ecommerce firm Amazon as director for mobile business development.
* BOSCH: Plans to join its parent, Robert Bosch GmbH, in cutting jobs as India witnesses one of its worst slowdowns in automobile sales in decades.
* COFFEE DAY ENTERPRISES: Coffee Day Hotels & Resorts, a wholly-owned unit of the company that runs three luxury resorts in Karnataka and one in Andaman and Nicobar, has attracted interest from a few mid-sized hotel operators as the group eyes asset sales to pare debt.
* FDC: The Company has received good manufacturing practice certificate from the UK Medicines and Healthcare Products Regulatory Agency, for two of its oral solid dosage form facilities in Verna, Goa.
* FEDERAL-MOGUL GOETZE INDIA: Rajasthan Global Securities brought 0.68% stake or 380,252 shares in the company at 658.31 rupees per share through a bulk deal on the National Stock Exchange.
* GAIL INDIA: Decks are nearly cleared for the commissioning of the company's 47-bln-rupee Karnataka- Kerala liquefied natural gas pipeline, albeit 15 months after the proposed deadline.
* HERO MOTOCORP: The company's total sales fell 6.4% on year to 424,845 units in December.
* HINDUSTAN AERONAUTICS: The company has signed a memorandum of understanding with Wipro 3D, the metal additive manufacturing business of Wipro Infrastructure Engineering, to design, develop, manufacture and repair aerospace components using metal additive technology.
* HOUSING DEVELOPMENT FINANCE CORP: Said the merger of its former associate company GRUH FINANCE with BANDHAN BANK had led to a fair value gain of 90.20 bln rupees.
* HSIL: The small fire that broke out at the glass plant situated at Bhongir in Telangana on Thursday has been controlled.
* IIFL SECURITIES: Rakesh Jhunjhunwala bought 2.7 mln shares of the company for 119.2 mln rupees in a bulk deal on BSE on Thursday.
* INDIAN HOTELS CO: Has added Fateh Prakash Palace in Udaipur, which has now been renamed Taj Fateh Prakash Palace, to its collection of authentic palaces.
* INDIAN OIL CORP: Is looking at monetising its pipelines and storage infrastructure.
* JET AIRWAYS (INDIA): The deadline for submitting expression of interest for the company may
be extended till Jan 15 to give more time to potential bidders.
London-based Hinduja Group, South America's Synergy Group and a Dubai-based fund are the three
potential bidders for the airline.
* JSW ENERGY: Will restructure debt worth of 7.52 bln rupees that JAIPRAKASH POWER VENTURES owes to the company.
* KIRLOSKAR ELECTRIC CO: The company and Shirdi Sai Electricals have mutually agreed to put on hold the agreement for transfer of manufacturing unit-16.
* MAHANAGAR TELEPHONE NIGAM: Has started the process to monetise assets worth 230 bln rupees as it aims to turn profitable in the next financial year, a senior official of the company said.
* NEW DELHI TELEVISION: Promoters Prannoy Roy and Radhika Roy have moved the Bombay High Court challenging a show-cause notice issued by the Securities and Exchange Board of India for alleged violation of insider trading regulations.
* NMDC: Has hiked prices of its iron ore product by 200 rupees per tn for January.
* OIL & NATURAL GAS CORP: Has signed exploration licence contracts with the government for the seven blocks it had won in the latest round of auctions.
* PENINSULA LAND: Has not defaulted on any financial obligation and has cleared payment comprising principal and interest, towards a term loan from STATE BANK OF INDIA from its own resources and regularised the account.
* PIRAMAL ENTERPRISES: Ajay Piramal-backed Piramal Fund Management's 'Indiareit Fund V' has exited its investment in Bengaluru-based developer Skylark Mansions for an undisclosed amount.
* RELIANCE INDUSTRIES: Has created a unique structure to raise up to 100 bln rupees from domestic mutual funds by using pass-through certificates based on a loan given to a wholly-owned subsidiary that will manage its corporate park for a sizeable fee. STATE BANK OF INDIA has asked the company to complete its proposed takeover of bankrupt textile company ALOK INDUSTRIES by paying up its equity share so that the long-pending resolution process can be completed.
* RITES: The company has won a 999.4-mln-rupee order from the Bangladesh government to provide consultancy on four-laning of a national highway in the country.
* STATE BANK OF INDIA: Has invited bids from asset reconstruction companies, banks, non-banking finance companies, and financial institutions for sale of two non-performing assets aggregating 15.14 bln rupees. The bank is looking to sell its 1% stake in National Stock Exchange.
* TATA POWER CO: Will be forced to stop operating its imported coal-based Mundra ultra-mega power project after February unless its five consumer states allow pass-through of additional fuel cost to consumers, the company has told the Union power ministry.
* UNITED BREWERIES: Dutch brewing giant Heineken is likely to increase its stake in the company in its bid to attain controlling stake of at least 51% against the current level of around 46%.
* VIPUL ORGANICS: Company has received a 'consent to operate' from Maharashtra Pollution Control Board for their factory at Tarapur.
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