Stocks in the news: Cipla, Bajaj Electricals, Fortis Health, RComm, Adani Ports, CRISIL, Tata Sponge

Reliance Communications says no more legal restriction on the Reliance Communications to proceed with sale of Spectrum, MNCs and Real estate; remains confident on completion of its asset monetisation programme of approximately Rs 25,000 crore within the next few weeks

Bajaj Electricals bagged orders worth Rs 3,577.93 crore for 10 rural/urban electrification projects from MVVNL (Madhyanchal Vidyut Vitran Nigam Limited)

UCO Bank clarified on “CB1 books EX-UCO bank CMD in Rs 621 crore Chewing case" as Bank has already filed complaint with CBI on April 11; No material impact of the same on bank, already accounted it as NPA in 2013

Adani Ports signs a long term regasification pact with Indian Oil for Dhamra LNG terminal. IOC booked 3MTPA of capacity spread over 20 years

Infibeam - ICRA assigned credit rating on bank facilities as A+

HDFC AMC filed draft RHP with SEBI for public issue of shares at Rs 5; board of directors of HDFC AMC approved key financials for FY18 on April 26 as revenue up at Rs 1,867 crore versus Rs 1,587 crore; PAT up at Rs 721 crore versus Rs 550 crore

Fortis Healthcare board meeting on April 19 to consider various bids/proposals received by company w.r.t. the ongoing fund raising, re-structuring

Jay Bharat Maruti Q4FY18 results YoY: Revenue flat at Rs 480 crore versus Rs 483.6 crore; EBITDA up 14 percent at Rs 47.7 crore; OPM at 9.9 percent versus 8.6 percent; PAT down 13 percent at Rs 18 crore versus Rs 20.75 crore

LKP Finance Q4FY18 results YoY: PAT at Rs 18 crore versus Rs 3 crore; Revenue at Rs 27 crore versus Rs 15 crore

Lloyds Metals Q4FY18 results YoY: Revenue at Rs 109 crore versus Rs 73 crore; net profit at Rs 9.9 crore versus Rs 4.7 crore; EBITDA at Rs 7 crore versus Rs 12 crore; margin at 6.4 percent from 16.4 percent

Fortis Healthcare: The company said that the Board will meet this week to look at eligible options.

Reliance Communications: No legal restriction any more to proceed with sale of spectrum, MCNs & real estate.

Adani Ports: Signs A Long Term Regasification Pact With Indian Oil For Dhamra LNG Terminal

Sobha: Company to invest Rs 500 crore for residential project in GIFT City, Gujarat.

Sadbhav Infrastructure - CARE rating for non-convertible debentures (NCD) worth Rs 360 crore as A+

Application preferred by resolution professional for liquidation of Alok Industries with National Company Law Tribunal (NCLT) on April 16

Amtek Auto submitted resolution plan with NCLT for approval

Cipla clarified on USFDA conducted routine CGMP at Indore facility, as there were no data integrity and/or repeat observations; believes that observations are unlikely to have any material adverse impact

JM Financial’s subsidiary now holds 12.95 percent stake in Spandana Sphoorty Financial Ltd as it completed 2nd leg of acquisition

Biocon board meeting on April 26 to consider final dividend

Ramky Infra received provisional completion certificate for project in J&K; so now company is entitled to receive Annuity from NHAI

CRISIL has reaffirmed its ratings on ICICI Bank’s debt instruments at AAA/stable

Sterlite Technologies: Board to consider raising funds through issue of securities on April 25.

Omkar Specialty Chemicals: Company says Bank of Baroda classified its loan account as NPA.

Goa Carbon: Company resumes operations at Orissa plant which was shut for maintenance.

PNB sees 2 percent rise in willful defaults to Rs 15,000 crore in February

Dhampur Sugar, Shree Renuka Sugars in focus - Sugar prices decline as government looks to crack down on mills for arrears: BS

ABG Shipyard lenders reject Liberty bid, again: ET

Reliance Communications in focus - Supreme Court stays order allowing Reliance Infratel to sell assets

Supreme Court directs status quo on Jayaswal Neco's resolution process: ET

Uttam Galva to repay SBI if kept from NCLT: FE

ICICI Bank places application in NCLT for Gitanjali Gems: BS

Fortis raises Rs 150 crore bridge loan in bid to stave off insolvency: Mint

Aditya Birla Group in talks to raise USD 1 billion for Idea Cellular: Media Report

Phoenix Mills, CPPIB JV to buy L&T land in Bengaluru: Media Report

IHH may make hostile bid for Fortis Healthcare: ToI

PSU banks bat for UltraTech's higher bid for Binani Cement: Media Report

Jaiprakash Associates in focus: Supreme Court directs realty firms to deposit Rs 100 crore by May 10

Linde-Praxair deal hits CCI roadblock: DNA India