Here are stocks that are in news today:
Suzlon in focus - 13.57 crore FCCBs shares at Rs 15.46/share to be listed todayMSCI rebalancing effective today-Addition: Bosch-Deletion: Hathway Cables-Significant weightage increase: ACC, Hero Motocorp-Significant weightage decrease: Infosys, HDFC
Essar Group-The Essar group has shown interest in taking over Nokia’s mobile handset manufacturing plant near Chennai: BS-The plant has been frozen over tax claims: BS-Essar Energy defends bidding price for coal block in Jharkhand: ET-CEO says the bid was company's strategy to protect its Rs 7600 crore investment in power: ET
Glenmark Pharma-Glenmark to set up new injectable plant in US: BS-The total investment for the new unit is pegged at Rs 160 crore
Unitech-A Haryana minister has ordered an FIR against Unitech for allegedly cheating its buyers-The matter came up at a grievance committee meeting in Gurgaon on Thursday: BS
Minda Industries in JV with Japanese company Kosei International Trade to set up manufacturing plant-Estimated cost to set up manufacturing plant in Haryana at Rs 200 crore-Company to hold 70 percent stake in JV
Fund ActionABG Shipyard-DB International Asia buys 4.10 lakh share at Rs 249.21/shareBharti Infratel-Bharti Airtel sells 5.5 crore shares at Rs 350.14/share(Bharti Airtel raises USD 310 million via secondary share sale in Bharti Infratel)L&T Finance Holdings-Larsen & Toubro sells 2.41 crore shares at Rs 67/shareSundaram Finance-ICICI Prudential Life Insurance Company buys 1.50 lakh shares at Rs 1520/share-India Capital Management A/C India Capital Opportunity buys 4 lakh shares at Rs 1520/share-Birla Sun Life Mutual Fund buys 35000 shares at Rs 1520/share-L&T Mutual Fund buys 75000 shares at Rs 1520/share-Reliance MF buys 2 lakh shares at Rs 1520/share-SBI MF buys 6.20 lakh shares at Rs 1520/share-Tata MF buys 1.96 lakh shares at Rs 1520/share
Defence ministry shortlisted BEL-Rolta consortium development agency for Rs 50,000 crore Battlefield Management System (BMS) projectL&T Heavy Engineering on CNBC-TV18-Share of Tata Power and L&T is same in consortium-Within development process 80 percent funding will come from government-Order win details to come out once prototype is finalised-Premature to say 1 consortium will share 70 percent or 30 percent-BMS is a sort of command & control system-Final order win will be between 1 of the 2 consortiaTata Power says-Consortium with L&T selected for defence project-Tata Power SEP consortium selected for battlefield management system for Indian Army-Company’s strategic engineering division, in consortium with L&T, is 1 of 2 selected agencies for BMS
Spectrum auction to continue as planned: DoT sources-Will ensure fair, reasonable & objective spectrum auction-SC order stalls attempts of some companies to hamper auction-Will ensure fair bidding process for spectrum auction
NTPC says-Unit-III of 500 MW of Vallur thermal power project declared on commercial operation-Commercial capacity of Vallur project now at 1500 MW, NTPC’s capacity at 43,143 MW
SEBI-Imposes Rs 52 crore fine on DLF, promoter KP Singh and 6 others-6 others include Rajiv Singh, Pia Singh, TC Goyal, Ramesh Sanka, GS Talwar, Kameshwar Swarup-Sudipti Estates, 32 others also fined Rs 33 crore collectively-Imposes penalty on DLF Home Developers, DLF Estate Developers & DLF UniversalSEBI-DLF case: SEBI says-Penalty imposed for fraudulent & unfair trade practices-Penalty imposed for violation of disclosure & investor protection (DIP) guidelines-Penalty to be paid within 45 days of receipt of order-DLF suppressed material facts, information about arms in offer documents-Clear case of suppression of material information by DLF, officials-DLF deprived investors of important information at relevant time-DLF acted in fraudulent manner to the detriment of investorsDLF says-Have been made aware of SEBI adjudication orders-Presently reviewing the orders passed by SEBI-Will challenge SEBI orders after taking legal advice-Have not acted in contravention of law either during IPO or otherwise-Acted on advise of legal advisors, bankers & audit firms while formulating offer documents-Company will defend itself to fullest extent against any findings & measures
Tube Investments says TI Tsubamex (TTPL), a JV company with Tsubamex of Japan, becomes a subsidiary of company -Company and Tsubamex hold 75 percent and 25 percent respectively in TTPL’s equity share capital: Tube Investments
Government approves method for selecting chiefs of 5 PSU banks-Approves method for selecting chiefs of Bank Of Baroda, Punjab National Bank-Approves method for selecting chiefs of Bank Of India, Canara Bank & IDBI Bank-Both govt, non-govt candidates can apply for PSBs’ MD and CEO post-Candidates should have at least 15 years of banking experience-Candidates should have at least 3 year experience at board level-Candidate should be in age group of 45-55 years-PSU banks’ chiefs will have fixed tenure of 3 years, subject to normal age of superannuation of 60 years
Other stocks and sectors that are in news today:-SBI received shareholders' nod for raising Rs 15,000 crore through a public offer, including a rights issue, to fund business and meet global capital adequacy norms-Vardhman Polytex seeks shareholders’ approval to raise funds upto Rs 300 crore by issue of securities-IFCI: CARE Ratings have revised the rating assigned to debt instruments of IFCI upward from 'A' to 'A+' for long term Bank facilities and long term debt instruments, from 'A1' to 'A1+ based on recent developments including operational and financial performance-V2 Retail approved to raise upto Rs 32.50 crore through preferential allotment of the convertible warrants to Bennett Coleman and company which is neither promoter nor part of promoter group-REC/Power Grid: REC Transmission, a wholly owned subsidiary of REC, has sold Vindhyachal Jabalpur Transmission Limited to Power Grid-Welspun India seeks shareholders’ nod for borrowing limit up to Rs 4,000 crore-Bank of Baroda to issue 6.44 crore shares of preferential basis to government at issue price of not less than Rs 195.59/share-Accel says Accel Frontline OFS floor price set at Rs 75/share-TPG Capital to buy stake in Manipal Health for USD 146 million: Reuters-Uno Minda forms JV with Japan's Kosei Aluminum to manufacture & sell alloy wheels in India-India Cements: The ED has attached a few more assets, worth Rs 232.3 crore, belonging to the businesses YS Jagan Mohan Reddy & India Cements, over a probe related to alleged money laundering by the businesses of Reddy: ET-MCX: FMC has allowed Reliance and Axis mutual funds to increase their stake in MCX to up to 5 percent each: ET
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