Pharma cos, Reliance, JP Associates among top 10 stocks

Future Group's food firm Future Consumer Enterprise said it plans to raise around Rs 368 crore from promoters and PE fund Black River Food 2 Pte Ltd to finance its various expansion plans and business initiatives. The company in a filing to the BSE said that its board has approved raising "USD 45 million (about Rs 301.5 crore)" through preferential issue of equity-linked securities to Black River Food 2 Pte Ltd. The food company will issue compulsorily convertible debentures (CCDs) of face value Rs 100,000 per CCD to Black River Food 2 Pte Ltd, a wholly owned subsidiary of Food Fund.' "The CCDs are convertible into equity shares of FCEL within a period not exceeding 18 months from the date of issue of CCDs, at conversion price of Rs 22.73 per share," it said.Max India said it has got High Court approval for restructuring and the company's demerger into 3 separate listed entities will be effective from January. Max Financial Services is expected to trade ex-demerger from next month, and the other resulting companies from February 2016, the company said in a statement. "The High Court of Punjab and Haryana vide its order dated December 14, 2015 approved Max India's Composite Scheme of Arrangement for the demerger of the company," it said. SMS pharma gets US FDA approval for Andhra Pradesh manufacturing facility. US FDA conducted inspection in third week of April.On Reliance Founder Chairman Dhirubhai Ambani's 83rd birth anniversary on December 28, Reliance Jio will roll out its 4G service for its employees, Reliance Industries Chairman Mukesh Ambani announced at a mega launch event in Navi Mumbai on Sunday night.Shah Rukh Khan and AR Rahman performed at the function at Reliance Corporate Park before a gathering of 35,000 at the venue and thousands more joining in virtually from about a 1000 locations around the world.The employee launch of Jio precedes the commercial launch of the service that is expected in early 2016 and financial year 2016-17 will be the first full year of commercial operations.Thousands of Reliance Industries' employees and their families lit up lamps along with the Ambani family at the start of the glittering ceremony. Jio's brand ambassador Shah Rukh Khan made a dramatic entry on a motorcycle to thunderous cheers from the crowd. AR Rahman also performed his hit numbers.Announcing the launch of Reliance Jio, Mukesh Ambani, shared the story of the growth of Reliance Industries and said that the motivation behind Jio was to take along 1.3 billion Indians in the digital journey. "In the next 20 years humanity will achieve more than it has in the past 300 million years," predicted Ambani.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.Tube Investments approves sale of 14 percent shareholding in Cholamandalam MS General Insurance. Tube Investments approves sale to JV partner, Mitsui Sumitomo Insurance. Stake sale approved for consideration of Rs 882.7 crore. Upon completion, Mitsui will increase ownership in Chola MS from 26 percent to 40 percent. Ricoh India stock slipped below 200-DMA of Rs 811 on Thursday. 2.12 lakh shares marked for delivery on Thursday. Highest delivery volumes seen since February 2015. Company has still not announced its results for September quarter.    Newspaper reports that Jaiprakash Associates plans to sell entire cement business. Group capacity of nearly 21.4 mt. UltraTech, Dalmia Bharat, Shree Cement among prospective buyers. Enterprise valuation of Rs 19,000 crore. Plan to hive off other business into separate units. Already sold cement capacity of 14 mt. Consolidated debt as of March 2015 nearly Rs 61,000 crore. Creditors led by ICICI Bank have set a deadline of March 31, 2016. Pharma Companies in Focus: Government revises list of essential medicines. Government increases 'essential medicine' list to 376 from 348. Government adds 106 drugs to 'essential medicine' list. Government deletes 70 drugs from 'essential medicine' list. Government includes drugs for cancer, HIV in 'essential medicine' list.BOSCH to suspend production at its Jaipur plant for 8 days. The other stocks in focus are BF Utilities and Reliance Capital.