Moneycontrol
Mar 17, 2017 11:36 AM IST | Source: CNBC-TV18

Stocks in news: Lupin, IRB, Marico, Music Broadcast, GMR, Megasoft, CONCOR

Lupin | ICICI Bank | Grasim | Aditya Birla Nuvo | IRB Infra | Marico | Music Broadcast | GVK Power | GMR Infra | NOCIL | Ducon Infra | ABG Shipyard | Megasoft | South India Projects | Coromandel International | Nagarjuna Fertilisers | KPR Mills | Container Corporation and Gujarat Industries Power are stocks, which are in the news today.


Here are stocks that are in news today:

Reliance Infrastructure
-Board approves raising up to Rs 2,000 crore via QIP issue

-QIP funds to be used to capitalise business for defence opportunities, cut debt

Reliance Capital at analysts meet
-Focus to mainly be on commercial finance business as Devang Mody joins
-Home finance business expected to be listed on exchanges by next quarter
-Expect home finance AUM to grow from Rs 10,000 crore to Rs 50,000 crore by 2020
-AMC business to see more consolidation going ahead
-Hope to profitably exit non-core investments within next one year

-Received lot of interest from foreign players for general insurance business stake

Ducon Infra
-To pursue inorganic initiatives for accelerating growth

-To acquire potential businesses while building upon India organic business

ABG Shipyard says
-Lenders have invited expression of interest for acquisition of majority of company

-Few parties have expressed their interest

NOCIL
-Board approves capacity expansion of Navi Mumbai & Dahej facilities
-Capital expenditure envisaged for expansion is approximately Rs 170 crore

-Expansion project likely to be commissioned by end of Q2FY19

Other stocks and sectors that are in news today:
-Jyoti Structures' lenders evaluating bids submitted by certain investors
-Government floats draft regulation to check quality, sale of drugs: Cogencis
-Teva Pharma gets tentative US FDA nod for Fingolimod capsules (used to treat multiple sclerosis)
-Sun Pharma's subsidiary Taro gets US FDA nod for Metronidazole gel (used to treat pelvic inflammatory diseases)
-Aurobindo Pharma gets tentative US FDA nod for Tenofovir Disoproxil Fumarate tablets (used to treat chronic hepatitis B, HIV/AIDS)
-Techno Electric & Engineering's buy back window from March 17-31
-Indiabulls Ventures circuit filter revised to 5 percent
-Music Broadcast listing today
-IDBI Bank - CARE downgrades rating from AA to AA-
-Somany Ceramics - CRISIL upgrades rating from A+ to AA-
-Corporation Bank issued non-convertible debentures (NCDs) worth Rs 500 crore
-Union Bank of India to issue NCDs worth Rs 250 crore to PM National Relief Fund
-KPR Mills commenced operations of “state of the art” processing Unit II
-Government stake in Container Corporation reduced to 55.35 percent post allotment to CPSE ETF
-Rane Holdings completed stake sale in SasMos HET Technologies
-Lupin launches generic Minastrin® 24 Fe chewable tablets in the US
-Gujarat Industries Power commissioned Kuchhdi wind farm
-GMR Infra in focus: Delhi airport signs land license agreement with Airbus India to develop their first full flight simulator
-ICICI Bank raises Rs 3,425 crore via perpetual bond sale: ET
-Merger of both Grasim and Aditya Birla Nuvo's faces hurdle from mutual funds
-IRB Infrastructure to launch Infrastructure Investment Trust next month
-Coromandel International says company is not in negotiations with Nagarjuna Fertilisers
-MRF gets shareholder nod to raise NCDs worth Rs 500 crore via private placement
-Bharti Airtel gets shareholder nod to issue NCDs/bonds via private placement
-Aditya Birla Nuvo's ammonia/urea plants at Uttar Pradesh to be shut till April 10 for maintenance
-Syndicate Bank has published notice to e-auction GVK Perambalur SEZ land
-South India Projects board to consider expansion plan for US business on March 20
-JSW Investments creates pledge on 2.29 percent JSW Energy's shares on March 10
-Marico's Assam plant set up to manufacturing valued added products starts commercial operations-Bihar signs MoU with Megasoft to enhance IT services with cloud technologies

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