Daily Stock News Today – 17.08.2017

Daily Stock News Today – 17.08.2017

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* ABG SHIPYARD: The National Company Law Tribunal, Ahmedabad Bench, has started
insolvency and bankruptcy proceedings against the company.

* AIA ENGINEERING: Reported consolidated net profit of 884.9 mln rupees for Apr-Jun,
down 18.8% on year. Revenue from operations rose 18.9% to 5.8 bln rupees.

* AUROBINDO PHARMA: The company and Intas Pharmaceuticals are in the race to
acquire part of the European assets of Israeli generic drugmaker Teva Pharmaceutical
Industries.

* COAL INDIA: Reported a consolidated a net profit of 23.5 bln rupees for Apr-Jun, down
23.3% on year. Revenue from operations was up 4.3% at 205.7 bln rupees.

* FUTURE CONSUMER: Company will enter into a 50:50 joint venture arrangement with
Bin Ablan Foods Industry, a UAE-based bakery product manufacturer, for manufacturing
bakery products in India.
 - Company will enter into a 50:50 joint venture arrangement with E.K. Sons Agro Foods, a
manufacturer and distributor of wheat and speciality foods in India and abroad, to
manufacture, sell, source and distribute wheat products.

* GRANULES INDIA: Will pay an interim dividend of 0.25 rupees a share to shareholders.

* GVK POWER & INFRASTRUCTURE: Has renewed talks with potential investors to divest
stakes in various subsidiaries for additional funds.

* HINDUSTAN COPPER: The Appointments Committee of the Cabinet has appointed
Director (Operations) Santosh Sharma as the company's next chairman and managing director.

* HINDUSTAN UNILEVER: Chief Financial Officer P.B. Balaji will join TATA MOTORS
as CFO and executive director of finance and information technology on Nov 15.

* HOUSING DEVELOPMENT AND INFRASTRUCTURE: Has reached a settlement with
Central Bank of India on its debt, the real estate developer said in a post-earnings conference
call.

* HOUSING DEVELOPMENT FINANCE CORP: Insurance Regulatory and Development
Authority of India has given its final approval to the merger of HDFC ERGO General
Insurance Co and HDFC General Insurance.

* IFCI: The appointments committee of the Cabinet approved the proposal to appoint Emandi
Sankara Rao, as the company's managing director and chief executive officer.

* INOX LEISURE: Plans to invest around 1 bln rupees to open 39 more screens this fiscal to
take its total screen count to over 500.

* KOLTE PATIL DEVELOPERS: Has sold 17-acre land parcel at Wakad, Pune, for 1.6 bln
rupees. The land is a part of the 34-acre property acquired by the company in February 2014
for 3.5 bln rupees to set up residential housing project.

* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has raised 1 bln rupees through
non-convertible debentures maturing in three years and 130 days.

* NATCO PHARMA: Has received final approval from the US Food and Drug
Administration for Lanthanum Carbonate chewable tablets sold under the Fosrenol brand.

* OIL AND NATURAL GAS CORP: Plans to double gas production to over 100 mln
standard cubic meters per day in the next five to six years.

* PHOENIX MILLS: Island Star Mall Developers, an investment platform owned by Phoenix
Mills and Canada Pension Plan Investment Board, has acquired a 17-acre land parcel at
Wakad in Pune for 1.6 bln rupees.

* PRESTIGE ESTATES PROJECTS: Reported consolidated net profit of 939 mln rupees for
Apr-Jun, up 96.4% on year. Revenue from operations was up 35.4% on year at 12.8 bln
rupees.

* RELIANCE INDUSTRIES: Telecom arm Reliance Jio Infocomm beat its peers in June by
adding 6.03 mln users and reached a total subscriber base of 123.4 mln as of Jun 30, according
to data released by the Telecom Regulatory Authority of India.
 - The government has disallowed the company and its partners to recover $264 mln of cost
of developing KG-D6 fields for 2015-16 as the output from the field fell short of the target.

* TATA GLOBAL BEVERAGES: To launch its premium natural mineral water brand
'Himalayan' in the US market.

* TRIDENT: Despite a 91-basis-point decline in Apr-Jun operating profit, the company
expects to maintain its operating margin at 18-22% in the current financial year ending March.

* TVS MOTOR CO: Has acquired a 24% stake in RentOnGo, an online marketplace for
renting bikes. Has earmarked 4.50 bln rupees capital expenditure for the current fiscal for
various activities, including expansion of production capacity to around 4.5 mln units per
annum.

* ZEE MEDIA CORP: Denied reports that it is in talks to buy English business new channel
BTVi, adding that it is currently focused on completing recent acquisition of radio business.