Moneycontrol
Jan 12, 2017 02:26 PM IST | Source: CNBC-TV18

Stocks in news: Infosys, Cairn, Biocon, MRF, APL Apollo, Atlanta

Infosys | Cairn India | Biocon | Oil India | Mercater | Clariant Chemicals | MRF | Edelweiss Financial | NTPC | Bartronics | APL Apollo Tubes | Hindustan Organic Chemicals | Mahindra Holidays | Prakash Industries | Trigyn Technologies | Atlanta and BPCL are stocks, which are in the news today.


Here are stocks that are in news today:


Sugar sector
-Sugar prices have risen to 7-year high on restored demand to Rs 40/kg
-Government may intervene if it crosses this level


Eros International
-50 films across eight languages & over 40 directors are on board for 2017-18
-Will continue to selectively acquire content on opportunistic basis


BPCL & NTPC
-BPCL has raised USD 600 million via bond sale from overseas fund
-NTPC is expected to follow suit


Cairn India
-HC asks the company to go for arbitration in 2 weeks
-This is done in order to resolve payments dispute with Videocon Industries, Ravva Oil & ONGC


Biocon & Mylan says USFDA accepts Biologics license application for proposed biosimilar Trastuzumab
Kiran Mazumdar Shaw, Biocon
-Pharma companies in the US have been raising costs irresponsibly
-Cannot accuse Indian pharma companies of raising prices in a big way
-Completely agree with US president-elect Donald Trump's views; don't see his views affecting Indian pharma
-Trastuzumab is a breast cancer drug with huge potential
-Trastuzumab could be the first biosimilar to be launched in US market
-Trastuzumab's approval & marketing in the US may take up to 18 months
-US FDA accepting the application for Trastuzumab is positive for the company
-Mylan will be front-ending efforts for Trastuzumab
-Confident that company will receive a significant share of Trastuzumab

Other stocks and sectors that are in news today:
-Bharat Financial Inclusion assigns pool of receivables of Rs 271.7 crore to a PSU bank
-Alkem Labs gets US FDA nod for Gabapentin tablets (used to treat nerve pain caused by herpes virus)
-AstraZeneca gets US FDA nod for Xigduo XR tablets (used to  treat type-2 diabetes)
-Switzerland-based Clariant is in talks to buy Galaxy Surfactants, the deal could be worth Rs 1300-1500 crore
-Edelweiss in focus: Edelweiss ARC to file insolvency case against Bharati Defence (Bharati Shipyard) in NCLT (National Company Law Tribunal)
-Infosys is expected to lower full year revenue outlook
-Adani Power & Tata Power in focus as SC will announce their verdict on compensatory tariff today
-Tyre major MRF plans to invest Rs 4,500 crore to set up a manufacturing unit in Gujarat (in a phased manner over the next 10 years)
-Banks in focus: Banks want Vijay Mallya to deposit USD 40 million in Supreme Court which he received from Diageo
-Fitch assigns expected rating of BBB- to unsecured euro notes of NTPC
-Oil India ex-date for 1:3 bonus issue; F&O lot size revised to 2266
-Engineers India & Vishal Bearings listing of bonus shares
-Mac Charles acquisition window starts from January 12 to 25
-Balrampur Chini & Dhanuka Agritech ex-date for buyback eligibility
-MT Educare - CRISIL reaffirms rating of A1
-Rane Brake Lining - ICRA reaffirms rating of A+ and A1+
-RCI Industries says EGM on February 3 to consider issue of 17.37 lakh preferential shares at Rs 225 per share
-Mercator says QIP to open on January 11 at Rs 42.8 per share
-Bartronics approved transfer of financial inclusion division to Swift Vitthiya Samavesh
-APL Apollo Tubes gets patents from Indian Patent Office for 2 new product designs
-Country Club board meeting on January 16 to consider issue of 50 lakh shares on preferential basis and 1 crore warrants
-NTPC approved investment for Dulanga Coal mining project at a cost Rs 1,053.41 crore
-Hindustan Organic Chemicals board meeting on January 20 to consider selling land to BPCL and ISRO
-Ballarpur Industries: India Ratings & Research downgrades long term rating from A- to BBB-
-Murudeshwar Ceramics board meeting on January 25 to consider issue of equity / convertible warrants to promoters
-Mahindra Holidays acquired additional 6.33 percent stake in Holiday Club Resorts for 4.37 million euro
-GE Shipping board meeting on January 16 to consider issue of non-convertible debentures (NCDs) up to Rs 500 crore
-Prakash Industries: Government of Odisha executed mining lease of Iron & Manganese Ore
-Trigyn Technologies gets 5-year contract from US General Services Administration
-Atlanta declared as preferred bidder for road work in Gujarat worth Rs 1,292 crore
-DHFL board meeting on January 16 to consider issue of preference shares
-Tata Sons says there is no contempt, we will make our submissions to the NCLT

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