Moneycontrol
Mar 21, 2017 09:23 AM IST | Source: Moneycontrol.com

Stocks in news: HCL Tech, Oil India, Aurobindo Pharma, SBI, Havells

HCL Technologies | Avenue Supermarts | Oil India | Kaveri Seeds | Wockhardt | Biocon | IL&FS Engineering | Divis Labs | C&C Constructions | JSPL | PVR | Sun Pharma | Aurobindo Pharma | Strides Shasun | Unichem Labs and SBI are stocks, which are in the news today.


Here are stocks that are in news today:

Divi's Labs
-US FDA issues import alert for Visakhapatnam unit-II
Alert
-US FDA issued five observations to Divi's Vizag unit in December
-US FDA inspected Divi's Vizag unit from November 29-December 6
Sources on Divi's Labs
-Several products exempted from import alert
-Company wasn't expecting an import alert
-Company has engaged consultants to undertake remediation of Vizag unit

Alert: Import alert to Divi's Vizag unit-II exclude drugs: Levetiracetam,Gabapentin, Capecitabine, Naproxen, Raltegravir, Atovaquone

Strides Shasun
-Board approves scheme between company, SeQuent & SSL Pharma
-Company shareholders to get 1 share of SSL for every 6 held in company

-SeQuent shareholders to get 1 SSL share for every 25 held in SeQuent

Unichem Labs
-US FDA inspected Goa unit from March 14-20, few observations made

-Observations made by US FDA are correctable, will file response soon

Aurobindo Pharma
-Gets USFDA nod for Guaifenesin & Dextromethorphan hydrobromide ER tablets

-Product will be launched from Q1FY18

SBI
-Board meet on March 24 to consider issue of unsecured debt up to USD 1.5 billion

-Board meet on March 24 to approve & allot shares to units

Jubilant Life
-Arm Jubilant Pharma to negotiate a potential acquisition in US
-Jubilant Pharma may look to acquire a speciality pharma business in US

-Speciality pharma business acquisition in US will be done via internal accruals

Other stocks and sectors that are in news today:
-Balasore Alloys & Asian Oilfields circuit filter revised to 5 percent
-Music Broadcast added to BSE IPO Index
-Listing of Avenue Supermarts
-Union Bank of India - India Ratings & Research assigns rating of AA
-HCL Tech approved buy back up to 3.5 crore shares at Rs 1000 per share
-Oil India approved buy back up to 4.49 crore shares at Rs 340 per share
-Kaveri Seeds board meeting on March 27 to consider buy back proposal
-Future Enterprises redeemed debt worth Rs 375 crore and issued non-convertible debentures (NCDs) worth Rs 352 crore
-Varun Beverages board meeting on April 17 to consider issue of NCDs worth Rs 1000 crore
-Wockhardt arm, Wockhardt Bio AG gets US FDA nod for Piperacillin Injection (used for treatment of serious hospital-acquired infections)
-Biocon in focus: Mylan gets tentative US FDA nod for Levonorgestrel tablets (used in various birth control methods)
-IL&FS Engineering gets letter of intent for rural electrification works worth Rs 222.7 crore in Jharkhand
-Havells commenced commercial production at Assam plant
-Nestle introduced Milo Ready to drink – the sports partner for kids
-C&C Construction gets 2 government orders worth Rs 1,518 crore & Rs 1,493.4 crore
-JSPL lenders to recast USD 550 million loan: Mint
-PVR launches 10 virtual reality lounges in India: ET
-Sun Pharma, Mylan face price fixing charges in USA: BS
-NLC India board declares interim dividend of Rs 7.34 per share (face value Rs 10/share)
-Bharti Airtel says company has been rated as India’s fastest mobile network by Ookla, this is clearly mentioned in the advertisement
-J&K Bank board approves allotment of 3.65 crore equity shares at Rs 68.39 per share to J&K Government
-L&T Finance to consider NCD issue in its board meet today
-Engineers India board approves buyback up to 4.2 crore shares at Rs 157 per share
-South India Projects incorporates subsidiary in US to expand business-Volvo Ocean Race selects HCL Technologies as strategic IT services provider

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