Here are stocks that are in the news today:
PNC Infratech: Company received an order from PWD for a project worth Rs 186.48 crore.
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Clobetasol Propionate Foam
USFDA concluded two pre approval inspections of Biocon’s manufacturing facilities in Bengaluru.
Religare Enterprises: Board approves raising up to Rs 500 crore via NCDs.
Dr Reddy’s Labs: Duvvada plant gets a VAI (Voluntary Action Indicated) status from USFDA, receives EIR for Duvvada facility from the regulator.
Tech Mahindra: Board to consider buyback of shares on February 21.
The company has also withdrawn scheme application filed with National Company Law Tribunal for the proposed scheme of Merger by Absorption between subsidiary Tech Mahindra Growth Factories Limited with the company.
Reliance Infra – Brickwork Ratings (BWR) has moved the Bank Loan facilities rating of the Company from BWR C to Issuer not Cooperating; BWR C
Reliance Capital – Brickwork Ratings has revised rating to AA for long-term debt program, market linked debentures and subordinated debt of the company, primarily due to delay in monetising the non-core investments.
Lumax Auto Tech‘s plastics division secured LOI from one of the OEMs for supply of Integrated plastic parts of Rs125‐140 crore on annual basis
Cochin Shipyard formed JV company in the name of Hooghly Cochin Shipyard with Hooghly Dock & Port Engineers
Yes Bank: RBI letter pulls up bank for February 12 press release claiming nil divergence. RBI said it takes issuance of press release seriously as bank’s risk assessment report was confidential and should not have been divulged.
Zee Entertainment to SEBI: No pending information, announcements that may have a bearing on company’s operational performance, stock price/volume behaviour. SEBI had asked if the company had made/planned to make any announcement that could have an impact on stock price.
Jaypee Infratech: Two bids placed to acquire the company as the deadline to submit final bids ended on February 15. NBCC & Suraksha Group placed bids to acquire the company, according to CNBC-TV18 sources.
NBCC: Company submitted a resolution plan for Jaypee Infratech.
Jet Airways: Company looking to raise about Rs 4,000 crore through rights issue, according to CNBC-TV18 sources.
GMR Infra: Company appoints Saurabh Chawla as Executive Director – Finance & Strategy.
Axis Bank: SUUTI sold 3 percent stake in the bank via OFS.
Wipro: SEBI exempts the company from share buyback.
HUDCO: Company raises Rs 2,563 crore through issue of bonds.
Coffee Day Enterprises: Tax Department attaches Rs 2 crore worth of promoter shares in the company.
TRF: Board approved issuance of non-convertible redeemable preference shares to Tata Steel, on a private placement basis for an amount not exceeding to Rs 250 crore.
Paramount Communications: Company bags orders worth Rs 69.53 crore from Kerala State Electricity Board Limited, Kerala, for supply of HT & LT Aerial Bunch Cables, with a delivery schedule of 3 months.
Nahar Industrial Enterprises: ICRA revised its long-term and short-term rating for Rs 1,471 crore bank facilities of the company to A- and A2+ from A and A1 respectively. The outlook on the long-term is stable.
Aurionpro Solutions: In order to focus on the cybersecurity business of the group, Samir Shah has resigned as a Director and Global Chief Executive Officer (CEO) of the company.
Sanghi Industries: ICRA has reaffirmed its credit rating for company’s non-convertible debentures of Rs 258 crore and Rs 425 crore worth of bank facilities.
Cyient: Acquisition of Cyient DLM Private Limited has been completed.
Walchandnagar Industries: CARE revised its rating on company’s long-term bank facilities to BB+/Stable from BB/Stable.
Empee Distilleries September quarter: Loss at Rs 47.7 crore versus loss Rs 5.7 crore; revenue dips to Rs 24 crore versus Rs 187.3 crore YoY.
Castex Technologies Q3: Loss at Rs 137.87 crore versus loss Rs 392.8 crore; revenue drops to Rs 108 crore versus Rs 125.65 crore YoY.
Amtek Auto Q3: Loss at Rs 85.70 crore versus loss Rs 80.21 crore; revenue falls to Rs 261.55 crore versus Rs 313.90 crore YoY.
Lumax Industries: Board decided to put an in-house electronic facility for manufacturing of PCBs (a critical part to lighting systems) for its captive consumption, keeping in view the increased focus on electronic content in the automobiles, due to requests from OEMs.
Garden Silk Mills: One of its financial creditors, State Bank of India (SBI), a member of consortium of banks has initiated action before Debt Recovery Tribunal (DRT), Ahmedabad for recovery of dues wherein DRT has granted ex-parte relief to SBI and directed the Company, not to alienate and transfer the hypothecated and mortgaged properties.
Reliance Home Finance: Brickwork Ratings revised its rating to AA for company’s long-term debt programme, market-linked debentures, subordinated debt and non-convertible debentures (NCDs) public issue and to AA- for upper Tier-II NCDs, inter-alia, due to revision of rating of the parent company, Reliance Capital Limited.
Sai Baba Investment And Commercial Enterprises: Company fixed April 1, 2019 as the record date for the purpose of consolidation of 10 equity shares of Re 1 each into 1 equity share of Rs 10 each.
Sadhana Nitrochem: After becoming aware of erroneous rating, the company had written back to CRISIL instructing them to remove the rating. On January 11, 2019, CRISIL has removed the rating from their site.
KPI Global Infrastructure: Company bags order of 213.75KW solar power plant under captive power producer.
Reliance Infrastructure: V R Galkar ceases to be Director of the company on completion of his tenure.
Karnataka Bank: Bank introduces 475 days special term deposit scheme.
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