Here are the stocks that are in news today:
GAIL: Indian Railways and GAIL (India) took a significant step towards expanding usage of environment-friendly fuel, natural gas across all applications of the Indian Railways by signing a Memorandum of Understanding (MoU).
Idea Cellular: NCLT approves Idea-Vodafone merger – CNBC-TV18 Sources.
Mindtree: GHD Digital and Mindtree collaborating on a broad Digital platform targeted to the property and infrastructure sectors. Partnership offers a disruptive approach to connected buildings to dramatically reduce costs and optimize experiences.
Mahindra Logistics: Board members approved further investment in Lords by way of an additional purchase of 2,39,220 equity shares of Lords (representing 10.12 percent of equity share capital of Lords) from the existing Shareholders of Lords.
Muthoot Finance: The meeting of the Board of Directors which is scheduled to be held on September 4 will consider fundraising by way of issue of Redeemable Non-Convertible Debentures (NCD) up to Rs 5,000 crore (including an unissued portion from previous approval of Rs 2,000 crore) through Private Placement in one or more tranches.
Hindustan Construction Company owned Lavasa Corporation gets NCLT nod to start its insolvency proceedings.
Wipro: Wipro joins Bita to Drive Blockchain adoption in the transportation industry.
Yes Bank has received the RBI’s approval that Rana Kapoor may continue as managing director & CEO of bank till further notice from RBI
Kesoram Industries: P Radhakrishnan will take over as Chief Financial Officer effective commencement of business August 31.
MCX: Multi Commodity Exchange Clearing Corporation (MCXCCL), a wholly owned subsidiary of MCX will commence operations from September 3.
Hubtown: Board has decided to withdraw the proposed preferential issue.
LKP Finance: Company has received Reserve Bank of India approval for the proposed sale of up to 62 percent equity shareholding to Dakshin Mercantile Private Limited, an Essel Group company, and change in its management structure.
PNC Infratech: Company has received Letter of Award (LOA) from Maharashtra State Road Development Corporation for the 54.4 km long 4th Package of Nagpur-Mumbai Six Lane Super Communication Expressway (Maharashtra Samruddhi Mahamarg) on EPC basis for a negotiated contract quoted price of Rs 1,999.52 crore.
Dilip Buildcon: DBL has received Letter of Acceptance (LOA) for a new EPC Project valued at Rs 1,698 crore by the Maharashtra State Road Development Corporation.
Fortis Healthcare: Gagandeep Singh Bedi resigned as CFO w.e.f. September 30 due to personal reason.
Allahabad Bank decided for an upward revision of MCLR by 5 bps w.e.f Sept 01
JSW Energy: JSW Energy revises offer for Prayagraj Power to over Rs 6,000 crore to outbid Tata Power – CNBC-TV18 Sources.
ICICI Securities: Chanda Kochhar reappointed on the board of the company as ICICI Bank voted in favor of Kochhar’s reappointment at the company – CNBC-TV18 Sources.
Jet Airways: Govt official says after preliminary scrutiny, ROC orders a formal inspection of the company – CNBC-TV18 sources
L&T Infotech’s whole time director Aftab Zaid Ullah resigned effective from August 30, 2018, but will continue in his current position as Chief Operating Officer till November 30, 2018.
Jet Airways: Company told CNBC-TV18 that it received communication from the office of ROC seeking a response to a complaint. The company is taking necessary steps to submit its response in this regard
South Indian Bank appoints Chithra H as CFO w.e.f September 1
DHFL to raise Rs 2,000 cr from NCDs
Ajanta Pharma’s director Purushottam B. Agrawal resigned as director of the company
Hathway Cable raises Rs 100 cr from promoter group entity
OBC gets board approval to raise up to Rs 1,000 crore
NRB Bearing – CRISIL reaffirmed long-term rating to CRISIL AA-/Positive
Wockhardt gets shareholders’ nod to raise up to Rs 1,200 crore
TI Financial Holding appoints Sridharan Rangarajan as additional director of the company w.e.f. August 30, 2018
LG Balakrishnan board authorized CMD of the company to evaluate the investment of company in JV, Renold Chain India.
Also Authorised MD to engage in discussions and negotiation in connection with a possible acquisition of Chain Tensioner Business.
DLF: Rajdhani Investments & Agencies bought 1,62,00,000 shares of the company at Rs 217 per share while Kavita Singh sold 92,00,000 shares of the company at Rs 217 per share.
JBF Industries: Capri Global Advisory Services sold 5,00,000 shares of the company at Rs 44.95 per share.
Harrisons Malayalam: Manjula Venkatakrishnamohan Prabhala bought 1,00,000 shares of the company at Rs 102.72 per share.