Here are stocks that are in the news today:
Reconstitution of S&P BSE Sensex: HCL Technologies, Bajaj Finance to replace Wipro, Adani Ports in the BSE Sensex effective December 24, 2018.
Brent crude futures fall below $59/barrel: IOC, HPCL, BPCL, Jet Airways, SpiceJet, InterGlobe Aviation, Shalimar Paints, Apollo Tyres, MRF, Ceat, Asian Paints, Nerolac Paints etc may see some rally.
HDFC Standard Life Insurance Company: Board appointed Rushad Abadan and James Aird as Alternate Directors to Sir Gerry Grimstone (Non-Executive Director) and Norman Keith Skeoch (Non-Executive Director) respectively.
Strides Pharma Science: Company approved the participation of Strides in the Series B fundraiser of Stelis Biopharma Private Limited with a commitment of $15 million in a $100 million fundraise. Strides currently own 36.25 percent stake in Stelis, the former biopharma division of Strides.
Adani Enterprises: Company incorporated a wholly owned subsidiary namely, Mundra Copper Limited.
Infosys: EdgeVerve Systems, a product subsidiary of company, successfully implemented the ProximityPayEdge Digital Payments solution, to provide RCB Bank’s customers with a digital wallet for secure contactless payments.
AU Small Finance Bank: Board approved to augment the capital by issue of Basel II compliant, Tier II, Non-Convertible Redeemable Bonds in INR, being classified as subordinated debt in one or more tranches up to Rs 500 crore including greenshoe option.
IL&FS: Company is unable to pay short-term deposit including interest worth Rs 218 crore due November 22.
Cairn: Income Tax Department recovers Rs 5,500 crore by selling company’s shares in Vedanta. Out of 18 crore shares attached by I-T Department, I-T now left with 25 lakh shares which will be sold shortly, said CNBC-TV18 sources.
Sundaram Multi Pap: Company has received BB- (Stable) credit rating from CARE Ratings.
Indian Card Clothing: Vinod Vazhapulli – Manager, designated as the Chief Executive Officer tendered his resignation from the said post.
Vipul Organics: Company has received a No-Objection Letter from the BSE Ltd, with respect to Scheme of Amalgamation of Efferchem Private Limited with itself.
Shree Rama Multi-Tech: Board decided to sell/ dispose of assets of Ambaliyara plant situated at Village Ambaliyara, Gujarat.
Reliance Industries: Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of the company, has incorporated a company namely ‘Jio Estonia OÜ’ in Estonia. The new company proposes to engage in the activity of software development and providing consultancy for existing and future technology initiatives pursued by the company and its subsidiaries.
Virinchi: Virinchi Hospitals commissions the first ‘Out-reach Clinic’ as a step towards pursuing its Hub & Spoke model.
InterGlobe Aviation: Devadas Mallya Mangalore, Chairman and Non Executive Independent Director of the company died on November 25.
Mahindra & Mahindra: Mahindra launches the Alturas G4, a luxury SUV to redefine the high-end SUV segment.
GPT Infraprojects: Company bags order valued at Rs 81.50 crore.
Suzlon Energy: CARE downgraded its rating for company’s long-term / short term bank facilities worth Rs 6,406 crore from BBB, Negative / A3+ to BBB-, Negative / A3; long-term bank facilities from BBB, Negative to BBB-, Negative.
IIFL Holdings: India Infoline Finance, a material NBFC subsidiary of the company, has filed the Draft Shelf Prospectus with NSE and BSE for raising of funds by way of issue of non convertible debentures through public issue route upto Rs 5,000 crore in one or more tranches subject to necessary approvals.
Radaan Mediaworks: Board meeting is scheduled on November 30 to consider raising of funds through issue of securities on preferential basis.
Esab India: Board declared an interim dividend of Rs 90 per share of Rs 10 each (900 percent) for the year ended March 2019.
Mazda: ICRA re-affirmed the long-term rating for fund based limits at A and short-term ratings for non-fund based limits at A1.
Silgo Retail: Overskud Multi-Asset Management Private Limited sold 45,000 shares of the company at Rs 36.1 per share on the NSE.
Sirca Paint India: Gagandeep Credit Capital Pvt Ltd sold 92,800 shares of the company at Rs 218.4 per share on the NSE.
Paramount Communications: Nomura Singapore bought 28,23,126 shares of the company at Rs 8.45 per share on the NSE while Elara Capital Plc (FCCB) sold 34,68,787 shares at Rs 8.5 per share.
Talwalkars Lifestyles: Aequitas Investment Consultancy Private Limited – PMS purchased 4,64,000 shares of the company at Rs 110 per share on the NSE. Aditya Birla Sun Life Mutual Fund was the seller.
Analyst or Board Meet/Briefings
Piramal Enterprises: Committee meeting to be held for consideration of issue of non-convertible debentures on November 28.
Cholamandalam Investment and Finance Company: Company’s officials will be meeting Emkay Global Financial Services on November 27 in Chennai.
Tata Chemicals: Company’s officials will be meeting Fidelity lnvestments on November 26.
Container Corporation of India: Company’s officials will be meeting Wen Quan Cheong, Analyst, Mawer Investment Management through Sheryl Mascarenhas, Macquarie India on December 6.
Bank of Baroda: Bank is scheduled to meet on November 29 to consider issuance of fresh equity shares to its employees.
Siemens: Company’s officials will be meeting analysts/institutional investors on November 26.
Nahar Capital & Financial Services: Board meeting will be held on November 30 to announce the unaudited financial results for the quarter and half year ended September 2018.
Amtek Auto: Company’s 32nd Annual General Meeting (AGM) to be held on December 14.
Finolex Industries: Company’s officials will be meeting analysts/institutional investors on November 27.
Indian Overseas Bank: Board meeting is scheduled on November 28 to consider the proposal to issue Basel III Compliant Tier II Bonds upto Rs 300 crore.
Mapro Industries: Board meeting is scheduled on November 30 to consider unaudited financial results for the quarter and half year ended September 2018.
Supreme Infrastructure India: Board meeting is scheduled on December 1 to consider unaudited financial results for the quarter and half year ended September 2018.
Larsen & Toubro: Company’s officials will be attending Morgan Stanley’s Seventeenth Annual Asia Pacific Summit in Singapore during November 28-29.
HEG: Senior management of the company is scheduled to meet Analysts / Investors from November 29-30 at Hongkong, as organised by Bank of America Merill Lynch.
Orchid Pharma: Board meeting is scheduled on December 1 to consider unaudited financial results for the quarter and half year ended June 2018.
Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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