Moneycontrol
Last Updated : Feb 26, 2018 09:43 AM IST | Source: Moneycontrol.com

Stocks in the news: Dr Reddy's Lab, Sakuma Exports, Atlas Cycles, A2Z Infra, Fortis, Welspun Enterprises, Idea

Dr Reddy's Laboratories | Somany Ceramics | Axis Bank | A2Z Infra | Fortis Healthcare | PNB | Atlas Cycles | Magma Fincorp | Idea | Dena Bank | Sakuma Exports | DCM Shriram | Bharti Airtel | Welspun Enterprises | Sadbhav Infra¸ Reliance Power | Purvankara | ONGC | Jaypee Infra and ICICI Lombard are stocks, which are in news today.

Moneycontrol News @moneycontrolcom

Here are stocks that are in news today:

ICICI Lombard Clarifies
Paid claims for Rabi'16-17 amounting to more than Rs 526 crore
Paid claims to over 92% of 2.28 lk TN farmers eligible for claims

Balance cases will be paid through NEFT on receipt of farmer’s account details

PNB Says
Reports on withdrawal limit of rs 3,000 for a customer absolutely incorrect
No restrictions on the withdrawals have been imposed by the bank
Report that RBI/Govt has asked bank to pay fraudulent amount to other banks incorrect
Report that Virat Kohli to discontinue as brand ambassador is incorrect
Report that bank has PwC to conduct investigation into alleged fraud is incorrect
Report that PwC asked to gather evidence Vs Nirav Modi, Associates is incorrect
Reiterate that bank has capacity & capability to handle the situation
Reiterate that bank can protect interest of the institution, customers & stakeholders

Bank has initiated steps for protecting fin interest of lenders/stakeholders

CNBC-TV18 Exclusive: Sources Say
144 Bank A/Cs & FDs Of Gitanjali group attached by Income Tax Dept
Total credit balance of rs 20.26 cr for Gitanjali group as of today
12 more bank a/cs of Rotomac Group attached after 14 bank a/cs were attached earlier

6 prosecutions sanctioned against Vikram Kothari by tax dept

RBI
Introduces ombudsman scheme to address complaints against NBFCs

Ombudsman scheme to provide cost-free, expeditious compliant redressal mechanism

#PNBFraud| NCLT : Grants Interim Relief To MCA Under Sec 221, Sec 222 Of Cos Act
Allows MCA to freeze immovable assets of 64 respondents in Nirav Modi case
Allows MCA to freeze movable assets of 64 respondents in Nirav Modi case
64 respondents include Mehul Choksi, Associate Firms & Trusts
Respondents Incl Nirav Modi, Ami Modi, Nishal Modi, Associate Firms & Trusts

To next hear case on Feb 27

HDFC Bank Fin Data Leak Case | SEBI
At This Stage, The Source Of Leakage Of UPSI Can't Be Ascertained
Leakage Due To Inadequacy Of Controls, Processes, That HDFC Bk Put In Place
Directs HDFC Bank To Strengthen Its Processes To Prevent Data Leakage
Directs Bank To Conduct Internal Inquiry On Case Of Sensitive Data Leak

Directs HDFC Bank To Complete Inquiry In 3 Months

IndiGo Says
SC Rejects Co's plea against transfer of ops to T2 At Delhi airport
Shifting Of Only Part Ops from T1 to T2 Will Cause Grave Inconvenience & Confusion

Shifting Of Ops Will Reduce Flight Options For Passengers Connecting Via Delhi

Dr Reddy's Laboratories
FDA maintains OAI status for Srikakulam plant

Co has recd EIR for the plant

Somany Ceramics

Amalgamation of Bhilwara Holdings, Sarvottam Vanijya, Scope Vinimoy for realignment of current promoters' shareholding in the Company

Axis Bank
Clarifies to news that CIO is asked to resign

Says: Certain matters are bring subject to internal investigation and will be unable to offer comments on the same

A2Z Infra
Approval of One Time Settlement (OTS) with Standard Chartered Bank towards Debt settlement of Rs 344.93 crore, for a Total Consideration of INR120 Cr

and allotment of shares to Standard Chartered bank.

Fortis Healthcare
Step down subsidiary of the Co (FCCL) extends MoU with another step down subsidiary of the Company (LHPL) to sell entire shareholding of FCCL to

promoters of LHPL

PNB
Clarifies that no card data breach has been detected in banks infrastructure

Bank hasn’t appointed PwC to probe the fraud

Atlas Cycles- Q3FY18-YoY
Revenue flat at Rs 145cr
EBITDA profit at Rs 2 cr vs loss

PAT at Rs 24 lakhs vs loss

Other stocks and sectors in the news
AU Small Finance Bank - IndiRa has upgraded rating from AA-/stable to A+/positive
Magma Fincorp to seek approval of members wrt issuance of debt securities upto an overall ceiling pf Rs 2000cr on private placement basis
Idea raises Rs 3500cr via QIP at Rs 82.5/ share
PNB - IndRa updates rating of various bonds to "Rating watch negative"
Sakuma Exports submits expression of interest for acquiring Ruchi Soya
Dena Bank fixes share price at Rs 16.89 for issue of shares to GoI on preferential basis
DCM Shriram board discussed possibility of adding chlor alkali capacity supported by downstream products in medium term
Airtel and Motorola partner to offer 4G smartphones starting at Rs 3999
Welspun Enterprises lowest bidder for NHAI Tamil Nadu road project.
Sadbhav Infra subsidiary completes debt refinancing
Bhageria Industries - CARE has upgraded ratings of various bank facilities
Reliance Power meeting of the board on Feb 28 to approve raising of funds via QIP
CBI files case against the Simbhaoli Sugars for Rs 110cr loss to Oriental Bank of Commerce
Puravankara in talks to set up two investment platforms totaling Rs 4000cr to fund its expansion plans
ONGC Videsh drops plan to build LNG export facility in IranJaypee Infra bidders offer upfront pay, loan-land swap
First Published on Feb 26, 2018 07:54 am
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