Lakshmi Vilas Bank | Hexaware Technologies | Just Dial | Indiabulls Housing Finance and L&T Finance Holdings are stocks which are in the news today.
Here are stocks that are in the news today:
InterGlobe Aviation: IndiGo approved alteration in Articles of Association of company as special resolution. Meleveetil Damodaran is appointed as Independent Director and Anil Parashar at Non-Executive Director.
Piramal Enterprises: Board decided to defer issue of privately placed NCDs worth upto Rs 3,000 crore, to a future date.
Indiabulls Housing Finance: Shareholders approved up to Rs 1.5 lakh crore NCDs in FY20.
L&T Finance Holdings: IIFL Wealth Group to acquire company's wealth management business.
Sugar Stocks: Cabinet approved export subsidy for exporting 60 lakh metric tonne of sugar. Sugar export subsidy will go directly to farmer accounts.
FDI: 100 percent FDI through automatic route allowed in coal mining & sale, coal mining & associated infra and contract manufacturing. FDI rules regarding domestic procurement for Single-brand Retail eased. Cabinet allowed 26 percent FDI with government nod in digital media dealing with news & current affairs.
Lakshmi Vilas Bank: Parthasarathi Mukherjee resigned as Managing Director & Chief Executive Officer of the bank. Also approved raising up to Rs 500 crore via debt and equity.
Khadim India: Infomerics Valuation and Rating reaffirmed its credit rating on company's commercial paper at A1+.
Spring Fields Infraventure: Company received purchase order worth Rs 1.93 crore from G Narayanamma Institute of Technology & Science, G Pulla Reddy Degree and PG College, and G Pulla Reddy Engineering College.
Balaji Amines: Subsidiary Balaji Speciality Chemicals completed REACH Registration process for Ethylenediamine.
Satin Creditcare Network: Committee meeting to be held on August 31, for the issuance of non-convertible debentures upto the amount of Rs 120 crore through private placement.
Kingfa Science & Technology (India): Company's newly set-up manufacturing facility in Chakan Industrial Area, Pune will be starting its commercial production w.e.f September 2.
Wockhardt - India Ratings and Research revised the company’s ratings for short-term Bank facilities/ commercial paper to IND A4+ from IND A3; and for long-term loan facilities rating to IND BB+/ Negative from IND BBB-/NegativeJMC Projects - The holding company Kalpataru Power has received a notice from the World Bank alleging process violations in bids submitted by its transmission business on two projects in Africa more than 7 years ago
KPTL disagrees with the Bank's position and intends to contest the proceedings vigorously
Autolite (India): Company appointed Lokesh Kasat as additional director and independent director.
CG Power clarified that company is evaluating divestments of non core assets and considering other fund-raising avenues including a potential equity raise for bridging the cash flow gaps as well as working capital requirement to avoid any business disruption
National Fertilizers: Comptroller and Auditor General of India has appointed Mehra Goel & Co., Chartered Accountants and S Mann & Co, Chartered Accountants as Joint Statutory Auditors of the company.
Cox & Kings Financial Service: Jayesh Shah resigned from the position of Independent Director of the company.
Hero MotoCorp: Company extended title sponsorship of Caribbean Premier League for three years.
Infosys: Company strengthened collaboration with Microsoft to offer new solutions for clients to accelerate digital transformation.
Mas Financial - Finance committee decided to invest the funds upto Rs 6 crore in MAS Rural Housing & Mortgage Finance
Sebi inquiry clears Sun Pharma, finds no merit in allegations of fraud - BS
Moody's revises Indian steel sector outlook to negative - PTI
Govt announces Rs 6,268 cr subsidy to export 6 mn tonnes of sugar - PTI
After tax incentives, govt brings in FDI reforms to propel growth - PTI
Cabinet eases FDI rules for single brand retail;OKs 100% foreign investment in contract mfg,coal mining - PTI
Voda Idea gets shareholders nod to raise share capital to Rs 50K cr - PTI
India Ratings cut GDP forecast to 6.7 pc for FY'20 - PTI
Airtel Africa crosses 100 million subscribers base - PTI
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