Here are stocks that are in the news today:
Lupin: Company launched generic Silodosin capsules 4mg and 8mg in the US. It is indicated for the treatment of the signs and symptoms of benign prostatic hyperplasia (BPH).
Kesoram Industries: Company decided to spin off its tyre business by demerging this undertaking into a resulting company, Birla Tyres Limited (BTL). BTL will also become a listed company with its shareholding pattern mirroring Kesoram.
Walchandnagar Industries: A Shrikant, Chief Financial Officer (CFO) resigned from the services of the company.
Oil India: Company successfully commissioned the Cyclic Steam Stimulation (CSS) technology in the well BGW – 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India.
Trigyn Technologies: Wholly owned subsidiary Trigyn Technologies Inc declared dividend to its holding company.
TCS: Company launches intelligent power plant solution to digitally transform utilities’ operations.
Kridhan Infra: Associate company Vijay Nirman Company wins order worth Rs 105 crore.
S Chand and Company: The timeline for completing the first tranche investment of Rs 58.50 crore to acquire 51 percent partnership interest in Chetana Publications (India) LLP has been extended to December 31, 2018.
Indiabulls Ventures: Allotment committee of the board of directors allotted an aggregate of 2,69,09,089 compulsorily convertible debentures of face value of Rs 550 each, for a value aggregating to approximately Rs 1,480 crore, to certain foreign investors.
Hinduja Global Solutions: Company will be creating up to 150 brand new permanent jobs and investing into its site in Selkirk, Scotland over the course of 2019.
The New India Assurance Company: Atul Sahai, General Manager of the Oriental Insurance Company Limited, is appointed as the Chairman cum Managing Director on the board of the company.
Rallis India: CRISIL has reaffirmed its AA+/ Stable long-term rating and A1+ short-term rating for the company’s bank loan facilities aggregating to Rs 360 crore.
VST Tillers Tractors: KU Subbaiah resigned from the post of Chief Executive Officer due to his personal reason.
Vodafone Idea – India rating research revised rating from IND AA+/Negative to IND AA-/Negative on NCD worth Rs 6000 crore
Magna Electro Castings: CARE has assigned credit ratings for various bank facilities of the company.
Mandhana Industries: The NCLT approved a resolution plan submitted by US-based Formation Textiles LLC for the company. The US firm will implement the Resolution Plan in its own capacity as a body corporate.
India Green Reality: Company to issue equity share on preferential basis to the promoter and/or non-promoters.
SKF India: Board approved December 21 as the record date to determine the eligibility of shareholders under the proposed buyback of the equity shares of the company.
Rattanlndia Infrastructure: Arbutus Consultancy LLP, a part of the promoter group of the company, to sell up to 6,49,11,325 equity shares (representing 4.71 percent of the total paid-up equity) through offer for sale on December 6-7. The floor price is fixed at Rs 3.40 per share.
SEBI has issued the settlement order for certain alleged minor violations with respect to compliance MFThe Company does not believe that this order can reasonably be expected to have an impact on the financial position of the Company
AVG Logistics: Sixth Sense India Opportunities II bought 1,71,600 shares of the company at Rs 75.19 per share on the NSE.
GSS Infotech: Ritesh Spinning Mills purchased 1 lakh shares of the company at Rs 129.48 per share on the NSE.
Rolta India: Anupam Narain Gupta bought 10,30,000 shares of the company at Rs 13.54 per share on the NSE.
Analyst or Board Meet/Briefings
The Investment Trust Of India: Board meeting is scheduled for December 7 to consider the revised scheme of arrangement.
Phillips Carbon Black: Company intends to attend the investors’ conference on December 5, 2018, at Mumbai organized by B&K Securities.
Tata Steel: Company’s officials will be meeting with fixed-income investors in Singapore on December 5, and Abu Dhabi Investment Authority on December 11 in Mumbai.
Veto Switchgears and Cables: Board meeting is scheduled for December 15 to consider the treatment of preferential warrants convertible into equivalent number of equity shares as issued on May 31, 2017.
Max-Ventures and Industries: Company’s officials will be meeting analysts/investors on December 6-7.
Abirami Financial Services: Board meeting is scheduled on December 7 to consider the proposal of voluntary delisting of equity shares and to appoint a merchant banker.
Mahanagar Gas: Company’s officials will be meeting Burgundy Asset Management on December 5.
Astral Poly Technik: Management of the company will participate in the B&K Securities Conference by B&K Securities on December 5 at Mumbai.
Tata Global Beverages: Company’s officials will be meeting institutional investors in London on December 5-6, 2018.