Here are stocks that are in the news today:
Vedanta: National Green Tribunal allowed company to resume operations of copper smelter at Thoothukudi and directed the Tamil Nadu Pollution Control Board (TNPCB) to pass fresh order of renewal of consent and restoration of electricity supply for operations within 3 weeks from the date of the order.
Teva Pharma gets US FDA nod for Herzuma, biosimilar to Herceptin, for treatment of HER2 - CNBC-TV18.
Cadila Healthcare: Zydus gets US FDA nod for Albendazole tablets & Pregabalin capsules.
Vodafone Idea: Company clarifies on report on Telecom Tribunal setting aside TRAI’s predatory pricing issue. TDSAT set aside impugned tariff amendment order as it changes concept of significant market power, non-predatory.
IL&FS Transportation Networks: Company clarifies on matter pertaining to allegations by promoter of Enso Infra which filed a petition before NCLT on similar grounds.
Tata Sponge Iron: Company get shareholder nod to increase borrowing limit and for issue preference shares to Tata Steel on a private placement basis.
Wipro: Company announces strategic partnership with Saxo Bank.
NTPC: Company acquired Barauni Thermal Power Station (720 MW) in district Begusarai, Bihar from Bihar State Power Generation Company Limited.
Infosys: Company signed an agreement to divest its shares in CloudEndure Limited for a total consideration of approximately $15.3 million.
IL&FS Engineering and Construction Company: Company received a letter from Maharashtra Metro Rail Corporation Limited informing the company of the decision of the competent authority to terminate the contract for construction of seven elevated metro stations, and three at-grade stations (North South Corridor) of Nagpur Metro Rail Project.
Triveni Turbine: Buyback Committee of the company approved December 28 as the record date to determine the eligibility of shareholders who are eligible to participate in the proposed buyback of the equity shares of the company.
Security and Intelligence Services (India): Company signed definitive agreements to acquire initially 51 percent shareholding in Uniq Detective and Security Services Private Limited.
UFO Moviez India: Company says except for 1 equity share of Scrabble Digital (associate company of company's subsidiary), which is in the process of being acquired, its subsidiary Scrabble Entertainment completed the acquisition of 3,95,427 equity shares of Scrabble Digital.
Dilip Buildcon: Subsidiary DBL Rewa Sidhi Highways Private Limited received the appointed date i.e. December 14, 2018 by the National Highways Authority of India.
Sumeet Industries: Status of accounts of various credit facilitates sanctioned by the banks under consortium to the company has been categorised under non-performing assets (NPA)-sub standard assets. The working of the company is doing well, though financial strength is under pressure. Company submitted resolution plan with lead banker.
Shalimar Paints: Rights Issue Committee of the board, in order to provide an opportunity to shareholders to exercise their rights in the Rights Issue, extended the closure date for making application under the captioned issue from December 17, 2018 to December 24, 2018.
Future Consumer: Company sold its stake in Amar Chitra Katha Private Limited for Rs 44.39 crore.
Datamatics Global Services: Company to demerge and separately list its subsidiary Lumina Datamatics.
Talwalkars Better Value Fitness: Company made investment in company in India, Firstnutri Weight Loss Private Limited.
HPL Electric & Power: Company issued commercial paper of Rs 85 crore.
Techno Electric & Engineering Company: Board fixed January 3 as the record date for determining the members of the company who are eligible to participate in the buyback.
Solara Active Pharma Sciences: Solara Research Centre completes USFDA inspection with zero 483s.
OCL Iron and Steel Q2: Loss at Rs 84.8 crore versus loss at Rs 55.2 crore; revenue falls to Rs 86 crore versus Rs 99 crore YoY.
Alliance Integrated Metaliks Q2: Loss at Rs 6.42 crore versus loss at Rs 27.51 crore; revenue rises to Rs 24.5 crore versus Rs 9.19 crore YoY.
IL&FS Investment Managers Q2: Consolidated loss at Rs 23 crore versus profit at Rs 1.6 crore; revenue drops to Rs 24.6 crore versus Rs 26.74 crore YoY.
Kwality Limited Q2: Loss at Rs 950.7 crore versus profit at Rs 21 crore; revenue falls to Rs 351.12 crore versus Rs 1,670.66 crore YoY.
Bulk Deals on December 14
Rolta India: Central Bank of India (Capital Market Services Branch) sold 11,65,855 shares of the company at Rs 9.93 per share on the NSE.
Marathwada Refractories: Sparrow Asia Diversified Opp Fund bought 3,830 shares of the company at Rs 290 per share on the BSE.
(For more bulk deals, click here)
Analyst or Board Meet/Briefings
Bharti Airtel: Board meeting is scheduled on December 20 to consider various fund raising options for the company.
Commercial Engineers & Body Builders: Extra Ordinary General Meeting of the company will be held on January 7, 2019.
Allahabad Bank: Extraordinary General Meeting of shareholders of the bank is scheduled to be held on January 10.
Galaxy Entertainment Corporation: Board meeting is scheduled on December 19 to consider various fund raising options including but not limited to issuance of equity/convertible securities on preferential basis.
Fine Organic Industries: Officials of the company will be meeting investors on December 17 in Mumbai.
Canara Bank: Board meeting is scheduled on December 19 to consider raising of additional Tier I bonds.
Finolex Industries: Company's officials will be meeting research analyst of Anand Rathi on December 17.
Shriram City Union Finance: Company's officials will be meeting Fidelity Investments Inc on December 17, TenCore Partners on December 18 and 19, and HDFC MF on December 19.
Infosys: Board meeting is scheduled on January 11, 2019 to consider quarterly financial results.
HPL Electric and Power: Company has scheduled the meeting with investors / analysts in Mumbai on December 17 and 18.
Crompton Greaves Consumer Electricals: Company's officials will be meeting analysts/institutional investors on December 17.
Mahindra Holidays & Resorts India: Company's officials will be meeting several funds/investors on December 17.
Eicher Motors: Company's officials will be meeting Think Invest on December 17 and select equity group on December 18.
Mahindra & Mahindra: Company's officials will be meeting RARE Enterprises on December 18.
Timken India: Representatives of the company are expected to join analyst meet arranged by Spark Capital at Mumbai on December 18.
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