Here are stocks that are in the news today:
Tata Steel: Andreas Goss, currently Chief Executive Officer (CEO) of thyssenkrupp’s Steel division, will be the future Chief Executive Officer of the planned Joint Venture and chair the Management Board of thyssenkrupp Tata Steel BV. Hans Fischer, currently the CEO of Tata Steel Europe, will be the Deputy CEO & Chief Technology Officer of the Joint Venture.
Standard Chartered Plc: The Group agreed terms for the spin out of its private equity business and a sale of the majority of its private equity investment portfolio to funds managed by ICG Strategic Equity, part of Intermediate Capital Group Plc (ICG).
NMDC: Company fixes lump ore price at Rs 3,250 per tonne and price of fines at Rs 2,860 per tonne from December 13.
Ashoka Buildcon: Subsidiary raises Rs 150 crore from Morgan Stanley India Infrastructure.
Godrej Industries: National Company Law Tribunal approved the Scheme of Amalgamation of Vora Soaps Limited with company.
Bank of Baroda to shut three overseas branches by June
Glenmark Pharma: Company announces new data on GBR 1302, a HER2xCD3 Bispecific antibody, presented at the ESMO Immuno-Oncology Congress 2018.
Bombay Dyeing: Company has given its consent by signing the shareholder’s resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) for closure of the same.
Graphite India: Kamataka State Pollution Control Board has renewed the consent for operations at Bengaluru graphite electrode plant for a period up to 30.6.2020 only with condition to shift the unit from the existing location.
IL&FS Transportation Networks: The interest due and payable on December 17 on the NCDs was not paid to the debenture holders due to insufficient funds.
Mahindra & Mahindra Financial Services: India Ratings reaffirmed its AAA/Outlook-Stable rating for Rs 10,000 crore worth public issue of non-convertible debentures.
Infibeam Avenues: Suvidhaa Infoserve Private Limited acquires 5 percent equity stake in company’s subsidiary NSI Infinium Global Private Limited.
RITES: Board fixed December 28 as the record date for the purpose of payment of dividend.
Punjab and Sind Bank revised MCLR rate w.e.f. December 16
Goldiam International: Company announces the closure of the buyback with effect from December 17.
M&M signed an agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company to increase stake from 35% to 49.04%
Mac Hotels: Goa based public listed company will add another 160 rooms effective from 1st January 2019, taking the total number of rooms to 238.
Corporation Bank – ICRA reaffirmed rating on the certificate of deposits of Rs 30000 crore to ICRA A1+
Ongoing litigation amongst the Company, Sadbhav Engineering on the one side and Montecarlo on the other have arrived at amicable settlement
NCLT and High Court of Gujarat dispose the matter and accordingly the said legal matters now stands closed
Bulk Deals on December 17
DRS Dilip Roadlines: Babulal Vadilal Shah sold 94,400 shares of the company at Rs 75.5 per share on the NSE.
Godha Cabcon Insulat: Mark Corporate Advisors sold 72,000 shares of the company at Rs 30 per share on the NSE.
Manaksia Steels: Payal Agrawal bought 3,38,715 shares of the company at Rs 26.91 per share on the NSE.
BC Power Controls: Deepen Bharat Shah bought 3,00,000 shares of the company at Rs 28.71 per share on the BSE.
Analyst or Board Meet/Briefings
Sandhar Technologies: Board meeting is scheduled on February 2, 2019, to consider the un-audited standalone financial results, for the quarter and nine months ended December 2018.
JCT Limited: Board meeting is scheduled on December 31 to consider fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders.
Tube Investments of India: Meeting with institutional investors/analysts on the unaudited financial results for the second quarter ended September 2018 is scheduled on December 18.
Dishman Carbogen Amcis: Management meet and plant visit at company’s Bavla plant with certain institutional investors and analysts has been scheduled on December 18 and 19.
Genus Power Infrastructures: Officials of the company will be meeting investors and analyst at its plant in Jaipur on December 18.
Great Eastern Shipping: Company’s officials will be meeting ICICI Pru AMC on December 18.
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