Here are stocks that are in news today:
Allahabad Bank
-Introduces 2-tier saving bank interest rate with effect from October 1
-For balances less than Rs 40 lakh, interest rate set at 3.5 percent per annum
-For balances of Rs 40 lakh & above, interest rate unchanged at 4 percent per annum
Dilip Shanghvi at Sun Pharma AGM
-Expect single digit decline in consolidated revenues in FY18 over FY17
-Halol plant awaiting re-inspection by USFDA
-In process of transferring drug Elepsia and Xelpros from Halol to another site
Divis Labs in focus - Unit 2 gets 6 observations
-Firm failed to test individual batches of final API with conformity with all appropriate specifications
-Lab failures not thoroughly investigated
-Review on analytical incident/excursion investigations
-Failed to validate the manufacturing cleaning length of time
-No adequate cleaning instructions for major equipment
-Batch records not always recorded
-US FDA inspected Divi's Vizag unit 2 during September 11-19
BSE to suspend trading in 7 companies from October 18
-BSE will suspend trading in Bio Green Papers, Gujarat Carbon & Industries
-BSE will suspend trading in Malwa Cotton Spinning Mills, Suryachakra Power Corp
-BSE will suspend trading in Unimers India, VKS Projects & Visu International
-Trading in securities of companies will be suspended due to non-compliance with SEBI norms
IDFC Bank in focus
-RBI to be uncomfortable with giving Ajay Piramal more than 5 percent stake in IDFC Bank
Alert: 90-day exclusivity period for IDFC, Shriram Group merger talks ends October 9
Reliance Communications
-Reliance Communications versus Ericsson case in NCLT adjourned till October 6
-Reliance Communications will file its reply to Ericsson's petition before next hearing
Other stocks and sectors that are in news today:
-Cadila Healthcare's Zydus gets US FDA nod for Indomethacin capsules
-Listing - ICICI Lombard General Insurance
-TVS Motor Company's Jupiter crosses 2 million sales mark in 4 years
-Blue Star forays into engineering facility management
-IDBI Bank initiates project Nischay in partnership with Boston Consulting Group
-JSW Energy to set up Rs 4,000 crore electric car manufacturing plant in Gujarat: BS
-NMDC to seek major investor in its first steel plant: BS
-Edelweiss board approves to raise Rs 2,000 crore
-Infosys senior VP and head of tech Navin Budhiraja quits: Mint
-Under investor's pressure, IDFC and Shriram to redraw merger formula: ET
-HUL enters e-commerce business with premium tea and teaware: ET
-L&T Finance puts Rs 150 crore in Pune housing project: ET
-Reliance Industries in talks to acquire Den Networks for a valuation of Rs 2,000 crore: ET
-PE big guns like TPG, Blackstone in race for Monnet Ispat: ET
-United Spirits settled Pioneer Distilleries case with SEBI
-Petron Engineering received order worth Rs 280 crore from JSW Steel
-NCLT approves merger of subsidiaries of MT Educare
-APL Apollo Tubes - NCLT approved merger with Lloyds Line Pipes
-Geojit Financial Services approved increase in authorised share capital of company
-Wipro partners with Cloudgenix Inc to offer open & managed SD-Wan services
-SRK Industries approves MoU with Rashabraj Infra LLP to buy land for about Rs 27 crore
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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