Mar 09, 2018 02:15 PM IST | Source:

Stocks in the news: Infosys, Vedanta, TCS, GTL Infra, IDFC Bank, Filatex India, SpiceJet

Infosys | Vedanta | TCS | Filatex India | Orchid Pharma | SpiceJet | Indigo | Fortis | IDFC Bank | Shree Renuka Sugars | Bank of India | Bank of Baroda | GTL Infrastructure are stocks, which are I news today.

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Here are stocks that are in news today:

-Clarification on allegation by CBI on fake CA fraud case

-Company says that it is not named as accused party in the FIR and CBI has not contacted them as well

-Response on penalty imposed by Competition Commission of India (CCI)
-Company has not violated any provisions of the Competition Act, 2002

-They are reviewing the order and considering to go for appeal

L&T Financial Holdings
-Approval of financial statement for nine month ended December, 2017

-Approval for opening of QIP; floor price Rs 161.79 per equity share

Shree Renuka Sugars
-Signed restructuring agreement with its bank

-Issue of convertible preference shares to Wilmar Sugar Holdings Pte

Bank of Baroda
-Clarification made in regards to credit exposure in Gupta Companies debt

-Credit exposure of Rs 147 crore in 4 accounts, which is mere 0.03675 percent of total bank's advances

GTL Infrastructure
With the slowdown in telecom space company made following developments as:
• Client Aircel filed for bankruptcy before the NCLT
• Due to which company would lose all 23, 727 of Aircel's tenancies
• Tenancies likely to close at 26,639 as on March 31, 2018 against 51,587 as of December 2017.
• Overdue of Rs 384 crore towards infrastructure provisioning fees
• Recoverable from Aircel remainder of the contractual term would be Rs 12,791 crore
• Company and its lenders initiated strategic debt restructuring (SDR) scheme
• Impact on OME Business
Financial outlook (revised)
• Tenancy 26,639 versus 55,000
• Revenue Rs 2,267 crore versus Rs 2,600 crore

• EBITDA Rs 1,350 crore versus Rs 978 crore

Other stocks and sectors in the news today:

RBI Imposes Rs 10 lakh penalty on Equitas Small Finance Bank for non-compliance with one of the licensing conditions stipulated by RBI

Fortis Healthcare's non-executive independent director Joji Sekhon Gill resigns effective March 7 due to personal reasons

Dilip Buildcon declared lowest bidder for EPC project worth Rs 770 crore in UP, By NHAI

TCS' flagship product TCS BaNCS has gone live in Gansu Bank in China within 18 months

Filatex India says commencement of extended facility for 190 TPD of bright polyester fully drawn yarn and 85 TPD of Bright Chip at Dahej unit

SpiceJet's clarification on penalty imposed by CCI: company clarified that it did not indulge in anti-competitive activities

Vedanta board meeting on March 13, 2018 to approve interim dividend for FY17-18

Orchid Pharma says extension of date for resolution plans from March 12 to March 15, 2018

Jayaswal Neco - HC dismissed the writ petition for implementation of approved Debt restructuring scheme, it reserves the right to appeal before SC

Piramal Enterprises board meeting for right issue of 74.85 lakh shares at Rs 2,380 each

Axis Capital Limited (manager to the buyback offer) has submitted to BSE a copy of letter of offer to the equity shareholder for the Balrampur Chini Mills

Fortis - Axis acquired 1.83 cr shares to invocation of pledging: Media Report

IDFC Bank raises MCLR by 15-25 bps across all tenors effective today

PNB seeks provisioning relief from RBI for Rs 12,900 crore loss: ET

Eicher Motors' Royal Enfield forays into pre-owned motorcycle segment with Vintage Store

Zee Entertainment files complaint against DEN as latter is supplying signals of TV channels in an unencrypted and non–addressable mode: ET

IDBI Bank has withdrawn and reduced sanctioned credit limits to many Indian companies: ET

Ultratech Cement raised bid for Binani Cement: Sources

L&T moves to NCLT against Bhushan Steel resolution

Idea and Vodafone to gain most from easier spectrum caps

NCLT asks Tata Steel, Vedanta, and interim resolution professional (IRP) for Electrosteel Steels to file counter-submissions to the petition, moved by Renaissance Steel India: BS

HDFC to sell 5.1 percent stake CAMS to PE Firms Warburg for Rs 169.5 crore in revised deal: Mint

Adani scouts for new options to refinance coal terminal debt in Australia: The Hindu

Vistara looks to fly overseas from second half of this year: Mint

SpiceJet to add more aircraft to their fleet

CORRECTION: Aircel, a client to GTL Infra, has filed for bankruptcy before the NCLT. In an earlier Stocks in the News copy, it was erroneously mentioned that GTL Infra has filed for bankruptcy. The error is regretted.
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