Daily Stock News Today – 29.09.2017
* BANK OF BARODA: Will cut its Base Rate by 35 basis points to 9.15%, effective Sunday.
* BEML: Karnataka Chief Minister Siddaramaiah has written to Prime Minister Narendra Modi
requesting the government to "review" its decision to divest stake in the company.
* DALMIA BHARAT: Received shareholders' approval to raise up to 40 bln rupees through various
securities and non-convertible debentures.
* DENA BANK: Said one of its four chartered accountants, Jain & Jain, would not be involved in
reviewing its accounts for Apr-Sep as it didn't qualify for appointment as a statutory central auditor for a bank.
* EPC INDUSTRIE: The sales volume of the micro irrigation products of the company has declined post July.
* EQUITAS HOLDINGS: BNP Paribas Arbitrage sold 3.2 mln shares of the company at 151.92 rupees apiece through a bulk deal on the National Stock Exchange.
* HATSUN AGRO: Has entered into a pact with Windmoller & Holscher India for two machines for its upcoming dairy packing film manufacturing unit at Wallajabad near Chennai on a turnkey basis for nearly 650 mln rupees.
* HINDUSTAN CONSTRUCTION CO: The joint lenders forum of Lavasa Corp, a subsidiary of the
company, has decided to invoke strategic debt restructuring.
* IDEA CELLULAR: Wants the telecom regulator to have a re-look at the concept of floor pricing for voice and data tariffs to help the ailing industry.
* INFOSYS: The company said Maltese lender Mediterranean Bank has gone live on lending module of its banking software Finacle. Has filed a police complaint against a person for allegedly defaming the company and sending vulgar emails to its senior personnel.
* KDDL: Arm Ethos has raised funds through preferential allotment of 496,453 shares of 10 rupees each to the company at a premium of 131 rupees a share, aggregating 69.9 mln rupees.
* LARSEN & TOUBRO: Is likely to divest some of its road and power projects as it focuses on its core business.
* LAKSHMI VILAS BANK: Will cut its lending rates based on the marginal cost of funds by 5-10 basis points across tenures.
* LOVABLE LINGERIE: Board will meet Oct 6 to consider buyback of shares.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has raised 4.5 bln rupees through non-convertible debentures maturing in 1 year and 362 days, at a coupon of 7.29%.
* NETWORK18 MEDIA & INVESTMENTS: Board of subsidiary TV18 Home Shopping Network has approved signing of a definitive agreement with Shop CJ Network to combine the business of both the entities.
* NHPC: Shareholders have approved a proposal to raise 20 bln rupees through issuance of nonconvertible debentures on private placement basis.
* NTPC: Will start operations at its 500-MW unit-I thermal power plant at Feroze Gandhi Unchahar
Thermal Power Station on Saturday.
* ORIENT CEMENTS: The South Central Railway has entered into an agreement with the company to transport cement for five years.
* OROSIL SMITHS INDIA: Has opened an account to sell its silver jewellery products on the e-commerce website Flipkart.com under its brand 'Kuhjohl'.
* RELIANCE INFRASTRUCTURE: Life Insurance Corp of India sold 2.27% stake in the company for about 2.63 bln rupees.
* SHREYAS SHIPPING & LOGISTICS: Has signed two memorandums of agreement to acquire one
multipurpose vessel of about 650 TEU and one container vessel of 4,200 TEU, respectively.
* SHRIRAM EPC: Has issued 12.92 mln shares to KPR Investments on preferential basis.
* SORIL HOLDINGS AND VENTURES: Shareholders of the company have approved raising up to 10 bln rupees through non-convertible debentures.
* STATE BANK OF INDIA: Will cut its Base Rate by 5 basis points to 8.95%, effective Sunday. The postdemonetisation push by the government to digitise payments in the country is causing a 38-bln-rupee annual loss to the banking system, estimated a report from the bank.
* TATA CAPITAL: Appointed Rajiv Sabharwal as managing director and chief executive officer with
effect from January.
* TRF: The company's board has approved selling the entire 51% stake in Adithya Automotive
Applications, subject to shareholder approval.
* TVS MOTOR CO: Has been granted a patent for an invention related to a device that would avoid
battery drain in motor vehicles.
* WIPRO: Topcoder, an internet-based hiring platform owned by the company, and start-up incubator
ConsenSys have signed a pact to create an Ethereum engineering community.
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* BEML: Karnataka Chief Minister Siddaramaiah has written to Prime Minister Narendra Modi
requesting the government to "review" its decision to divest stake in the company.
* DALMIA BHARAT: Received shareholders' approval to raise up to 40 bln rupees through various
securities and non-convertible debentures.
* DENA BANK: Said one of its four chartered accountants, Jain & Jain, would not be involved in
reviewing its accounts for Apr-Sep as it didn't qualify for appointment as a statutory central auditor for a bank.
* EPC INDUSTRIE: The sales volume of the micro irrigation products of the company has declined post July.
* EQUITAS HOLDINGS: BNP Paribas Arbitrage sold 3.2 mln shares of the company at 151.92 rupees apiece through a bulk deal on the National Stock Exchange.
* HATSUN AGRO: Has entered into a pact with Windmoller & Holscher India for two machines for its upcoming dairy packing film manufacturing unit at Wallajabad near Chennai on a turnkey basis for nearly 650 mln rupees.
* HINDUSTAN CONSTRUCTION CO: The joint lenders forum of Lavasa Corp, a subsidiary of the
company, has decided to invoke strategic debt restructuring.
* IDEA CELLULAR: Wants the telecom regulator to have a re-look at the concept of floor pricing for voice and data tariffs to help the ailing industry.
* INFOSYS: The company said Maltese lender Mediterranean Bank has gone live on lending module of its banking software Finacle. Has filed a police complaint against a person for allegedly defaming the company and sending vulgar emails to its senior personnel.
* KDDL: Arm Ethos has raised funds through preferential allotment of 496,453 shares of 10 rupees each to the company at a premium of 131 rupees a share, aggregating 69.9 mln rupees.
* LARSEN & TOUBRO: Is likely to divest some of its road and power projects as it focuses on its core business.
* LAKSHMI VILAS BANK: Will cut its lending rates based on the marginal cost of funds by 5-10 basis points across tenures.
* LOVABLE LINGERIE: Board will meet Oct 6 to consider buyback of shares.
* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Has raised 4.5 bln rupees through non-convertible debentures maturing in 1 year and 362 days, at a coupon of 7.29%.
* NETWORK18 MEDIA & INVESTMENTS: Board of subsidiary TV18 Home Shopping Network has approved signing of a definitive agreement with Shop CJ Network to combine the business of both the entities.
* NHPC: Shareholders have approved a proposal to raise 20 bln rupees through issuance of nonconvertible debentures on private placement basis.
* NTPC: Will start operations at its 500-MW unit-I thermal power plant at Feroze Gandhi Unchahar
Thermal Power Station on Saturday.
* ORIENT CEMENTS: The South Central Railway has entered into an agreement with the company to transport cement for five years.
* OROSIL SMITHS INDIA: Has opened an account to sell its silver jewellery products on the e-commerce website Flipkart.com under its brand 'Kuhjohl'.
* RELIANCE INFRASTRUCTURE: Life Insurance Corp of India sold 2.27% stake in the company for about 2.63 bln rupees.
* SHREYAS SHIPPING & LOGISTICS: Has signed two memorandums of agreement to acquire one
multipurpose vessel of about 650 TEU and one container vessel of 4,200 TEU, respectively.
* SHRIRAM EPC: Has issued 12.92 mln shares to KPR Investments on preferential basis.
* SORIL HOLDINGS AND VENTURES: Shareholders of the company have approved raising up to 10 bln rupees through non-convertible debentures.
* STATE BANK OF INDIA: Will cut its Base Rate by 5 basis points to 8.95%, effective Sunday. The postdemonetisation push by the government to digitise payments in the country is causing a 38-bln-rupee annual loss to the banking system, estimated a report from the bank.
* TATA CAPITAL: Appointed Rajiv Sabharwal as managing director and chief executive officer with
effect from January.
* TRF: The company's board has approved selling the entire 51% stake in Adithya Automotive
Applications, subject to shareholder approval.
* TVS MOTOR CO: Has been granted a patent for an invention related to a device that would avoid
battery drain in motor vehicles.
* WIPRO: Topcoder, an internet-based hiring platform owned by the company, and start-up incubator
ConsenSys have signed a pact to create an Ethereum engineering community.
