Stocks in the news: SBI, Bajaj Auto, Tata Power, GVK, Amtek, Motherson, Bharat Forge

-Company intends to focus on KTM brand going forward

-Kawasaki Motorcycles to be sold & serviced by India Kawasaki Motors

Godrej Properties

-To develop a residential project in Kandivali East, Mumbai

-Kandivali project will offer approx 93,000 square metre saleable area

Health Canada to CNBC-TV18

-Aware of the import alert issued by US FDA on Divi's Labs' Vizag unit-II

-In communication with US FDA w.r.t import alert on Divi's Labs

-Gathering information to assess the situation in Canada

-Will take action in case of a risk to health & safety of Canadians

-Dr Reddy's Labs' Duvvada plant is currently compliant

-Health Canada will not assess the findings of US FDA March 2017 inspection

Australian Drug Regulator

-Therapeutic Goods Administration (TGA) is aware of US FDA findings on Divi's Labs' Vizag unit-II

-Working with Australian suppliers to mitigate any risks to drug quality & supply

GVK Power

-Completes sale of its 33 percent stake in Bangalore International Airport to Fairfax

-Sells 33 percent stake in BIAL to Fairfax for Rs 2,202 crore

Tata Power

-NELCO & Af-Taab to sell 22.25 percent stake in Nelito to DTS Corp, Japan

-NELCO to sell 9.95 percent in Nelito for Rs 3.79 crore

Sagar Cements

-To Increase Mattampally power plant size to 18 MW from 15 MW

-Additional cost to increase Mattampally power plant at Rs 23.66 crore

-Board to install 1 MW solar plat at Mattampally power plant for Rs 4.7 crore

NBCC

-Board to consider interim dividend, if any on March 29

-Board to consider future course of action for HSCL takeover on March 29

SBI

-Initiates process to sell 10 percent shares of SBI Life via IPO

-SBI says exploring possibility of diluting 8 percent company stake in SBI Life via IPO

Pfizer says

-US FDA observation news does not relate to company

-News item relates to unlisted unit of Pfizer, USA

Bharat Forge

-Divests 23 percent stake in power equipment JV with Alstom

-To divest remaining 26 percent stake in JV with Alstom on customer nods for projects

-Company has received amount of USD 35 million for sale of stake in JV

Jayshree Chemicals

-To acquire entire shareholding of Fort Gloster Electric at Re 1/share

-To acquire remaining 50,000 shares of East Cost Power at Rs 9/share

Other stocks and sectors that are in news today:

-Cimmco circuit filter revised to 10 percent

-PTL Enterprises' ex-date for demerger today

-NSE listings – AksharChem, Arihant Superstructures, Urja Global

-Reliance Capital - CARE downgrades rating from AAA to AA+

-Speciality Restaurants - ICRA reaffirms rating of A+ and A1

-Amtek Auto, Castex Technologies get shareholder approval for issue of equity on preferential basis to promoters

-APL Apollo Tubes board meeting on March 29 to consider issue of non-convertible debentures (NCDs)

-HDFC closed India's largest issue of masala bonds of Rs 3,300 crore

-Nandan Denim in focus - Nandan Terry acquired 3 lakh shares

-Corporation Bank issued and allotted NCDs worth Rs 500 crore

-Minda Industries opened QIP worth Rs 500 crore

-IL&FS Engineering allotted 99.62 lakh shares to promoter at Rs 53.2 per share

-DEN Networks shareholders/creditors approve broadband demerger scheme

-Chambal Fertilisers operations resumed at Rajasthan plant to produce urea

-United Bank of India closed QIP at Rs 23.22 per share

-Government of India to infuse capital worth Rs 1,150 crore in UCO Bank

-Bank of Maharashtra approved raising of capital up to Rs 300 crore by preferential allotment to GoI

-Jagran Prakashan & Music Broadcast commenced broadcast from Patna radio station

-Reliance Capital completed transfer of commercial finance division to wholly owned subsidiary

-Healthcare Global to expand cancer centre operations in Nashik

-Bajaj Holdings GDRs delisted from London stock exchange

-BSNL, MTNL merger talks resume but VRS main hurdle: FE

-Sintex in talks with TPG, Blackstone, Carlyle to sell stake in Sintex Plastics: Reports

-Motherson Sumi is evaluating another potential USD 600-million bid for Robert Bosch LLC’s (Bosch) global starter motors and generators division: Reports

-Motherson Sumi announces completion of acquisition of PKC Group for 571 million euro

-JSW Steel's Sajjan Jindal says to look to invest in distressed assts: ET

-Hindustan Zinc plans to invest Rs 425 crore in solar projects next year: Mint

-Tayo Rolls board meet on March 27 to consider allotment of redeemable preference shares

-Corporation Bank raises Rs 500 crore via issue of Basel III compliant additional Tier-1 bonds

-United Bank closes QIP issue, sets issue price at Rs 23.22/share

-Cochin Shipyard files DRHP with SEBI, to sell 3.39 crore shares

-Quantum Build-tech board approves one-time settlement plan with Axis Bank