Reliance Capital | Inox Wind | Orient Electric | Yes Bank | Lupin | PNB and Axiscades Engineering Technologies are stocks which are in the news today.
Here are stocks that in the news today:
Punjab National Bank: Fitch ratings affirmed PNB's Long-Term Issuer Default Rating (IDR) at BBB- and its Viability ratings at 'b' while removing it from Rating Watch Negative.
Yes Bank: Moody's Investors Service downgraded bank's foreign currency issuer ratings to Bal from Baa3 with changing outlook to negative from stable.
Yes Bank: Rana Kapoor & Madhu Kapur draw up a draft proposal for mutual reconciliation - CNBC-TV18 Sources.
Yes Bank acquired additional 45,91,123 equity shares of Dion Global Solutions
Competition Commision approves LIC's majority stake buy in IDBI Bank
Lupin: Ramesh Swaminathan resigns as the Chief Financial Officer of the company.
Coal Block case: Fresh plea in Supreme Court places Adani JV under judicial scanner and SC seeks reply on allegations in the plea from Adani-led JV - CNBC-TV18.
Merck - Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, GoI has approved the proposal of Merck Specialties for acquisition of the biopharma business of the company to its arm Merck Specialties by way of slump sale
Reliance Capital Q2: Standalone profit at Rs 197 crore versus loss at Rs 417 crore; revenue increases to Rs 991 crore versus Rs 417 crore YoY.
Mphasis Rs 988cr-buyback offer to open on December 7
Inox Wind: Company signed an exclusive agreement with AMSC, a global solutions provider serving the wind and power grid industry, to launch the 3 MW wind turbine which is especially suitable for low wind regimes in India.
Atul Auto: Company signed the term-sheet with JBM Industries for entering into a Joint Venture Agreement with an object to expand/ develop the business of three wheeler electric autos with the blend of respective expertise.
IIFL Holding - IIFL Securities has agreed to acquire 14.30% of the share capital on fully diluted basis of Giskard Datatech
Axiscades Engineering Technologies: Subsidiary Axiscades Aerospace & Technologies wins $20 million contracts.
Orient Electric: Company entered into a strategic partnership with De'Longhi Group, Italy.
Gillanders Arbuthnot: CARE revised its rating for long term bank facilities to BBB+/Stable from BBB+/Negative.
HCL Infosystems: Transaction for sale of the entire ownership and control held by Nurture Technologies FZE in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi) including in its step-down subsidiary namely Gibraltar Technologies WLL (Qatar) has been closed.
Dredging Corporation gets in-principal approval of Cabinet for strategic disinvestment of 100% Government of India shares in company
Hinduja Ventures: Company's Investment Committee approved the disinvestment of 1 crore equity shares of Rs 10 each held by the company in Hinduja Leyland Finance Limited as per Independent Valuation of Rs 153.56 per share.
Suditi Industries: Company executed the Retail Product License agreement with NBA Properties, Inc. USA for commercial use. Accordingly the company can manufacture apparels/garments as stated above and sell them in the domestic market (Indian Market) and the contract is valid up to 31/12/2023.
Aurionpro Solutions: Company opens a new experience centre in Navi Mumbai.
Ravalagaon Sugar Farm board meeting scheduled on December 05 to consider and approve sale of fixed assets & approve capital expenditure
Agro Phos India: DK Investments purchased 1,20,000 shares of the company at Rs 43.6 per share on the NSE.
Sumeet Industries: Somani Overseas Private Limited bought 7,00,000 shares of the company at Rs 4.42 per share on the NSE.
Veto Switchgear Cable: Pushpa Devi Gurnani purchased 1,67,098 shares of the company at Rs 86.81 per share on the NSE.
Umiya Tubes: Vijaysinh Khumansinh Makwana bought 1,47,660 shares of the company at Rs 25.48 per share on the BSE.
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Analyst or Board Meet/Briefings
Rural Electrification Corporation: Board meeting will be held on December 5 to consider the un-audited (standalone) financial results of the company for the second quarter ended September 2018.
India Green Reality: Board meeting will be held on December 4 to issue equity share on Preferential basis to promoter and/or non-promoters.
Ravalgaon Sugar Farm: Board meeting is scheduled on December 5 to consider sale of fixed assets & approve capital expenditure.
Titan Company: Company's officials will be meeting Macquarie Funds Management Hong Kong Ltd on December 3 and Generation Investment Management on December 13.
Pfizer: Company's officials will be meeting Batlivala & Karani Securities India Private Limited and its clients on November 28.
PI Industries: Company's official will be meeting Quest Investment Advisors and Darkhouse Capital on November 28; Ocean Dial Asset Management on November 29 and Barings Asset Management on December 3.
Dabur India: Officials of the company will participate in Morgan Stanley's Seventeenth Annual Asia Pacific Summit on November 29-30; and Nomura's Annual India Corporate Day on December 3-4.
Jindal Stainless: Company's officials will be meeting several funds / investors on November 28.
Sandhar Technologies: Company's officials will be meeting Mahesh Bendre of Karvy and Dharmendra Dave of JM Financial Services on November 28.
Vyapar Industries: Board meeting is scheduled on November 30 to consider the proposal for buyback of equity shares of the company.
Cummins India: Company's officials will be meeting HSBC on November 28 and Fidelity on November 30.