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Last Updated : Mar 07, 2018 09:57 AM IST | Source:

Stocks in the news: TCS, Sadbhav Infrastructure, Sun TV, Dabur, Dilip Buildcon, REC

Stocks in the news: TCS, Indo Rama Synthetic, Sadbhav Infrastructure, Sun TV, Dadur, Dilip Buildcon, REC

Here are stocks that are in news today:

Tata Motors - SEBI
-Asks Tata Motors to strengthen internal controls & report back
-Asks Tata Motors complete internal inquiry on leakage of information in 3 months

-Tata Motors shall strengthen processes to avoid instances of UPSI leakage

ICICI Bank/ Axis Bank
-ICICI Bank, Axis Bank send senior representatives for questioning in PNB matter
-ICICI Bank represented by a senior manager, not on the board of the bank
-Axis Bank represented by DMD V Srinivasan
-Serious Fraud Investigation Office (SFIO) to have sought details from both banks on their exposure to Nirav Modi, Gitanjali group companies
-Neither Chanda Kochhar nor Shikha Sharma were personally summoned by SFIO

-Banks co-operating with investigative agencies on the PNB fraud

Axis Bank says
-SFIO sought information on accounts of Nirav Modi & Gitanjali Group of companies
-Exposure to Nirav Modi & Gitanjali Entities about Rs 200 crore

-Continue to offer information to authorities on Nirav Modi & Gitanjali companies

Indo Rama Synthetic will have board meeting on March 9, 2018 for:
-Issue of non convertible debentures amounting Rs 183.33 crore

-Issue of compulsorily convertible debentures amounts to Rs 16.67 crore via private placements

Sadbhav Infrastructure says
-Bid approved from NHAI for the project four lane of Tumkur-Shivamogga based on hybrid annunity model
-Bid project cost Rs 1,008.0 crore

-NHAI will provide letter of award within 60 days

Sun TV Network
-Board meeting on March 12, 2018 for declaration and payment of interim dividend

-Record date for interim dividend, if declared will be March 12, 2018

Ashoka Buildcon
-Company's subsidiary submitted bid to NHAI for the projects in Karnataka
-ACL has emerged as lowest bidder at the meeting

-Aggregate amount of bidding for 3 projects is Rs 2,991 crore

Jubilant Life Sciences
-Maharashtra government stays order by excise department cancelling licences for distillery operations

Alert: Maharashtra Excise Department cancelled Jubilant Life's DS-I, Form-I licences on March 3

Religare Enterprises
-Promoter sells 2.16 percent stake in company via pledge invocation from February 24-March 1

-Singh brothers’ stake falls to 1.42 percent from 2.51 percent post pledge invocation

Other stocks and sectors in the news today:

Dabur India in focus - Dabur South Africa (Pty) Ltd step down subsidy of Dabur has entered into agreement for purchase of D and A Cosmetics Proprietary Limited, and Atlanta Body & Health Products Proprietary Limited (both incorporated in South Africa)

IRB Infrastructure's SPV Solapur-Yedeshi Tollway starts toll collection today

TCS issued press release for extension of partnership with Virgin Atlantic Airlines for 5 years

HPL Electric & Power issued commercial papers of Rs 40 crore on March 6, 2018

Zee Entertainment will make partial redemption (20 percent) of listed bonus preference shares

JSW Steel says upgraded bond rating from Ba3 to Ba2 by Moody's Investor Service

Avenue Supermarts says CRISIL rating revised from stable to positive at AA

Dilip Buildcon received letter of award from NHAI for new Hybrid Annuity project valued at Rs 917 crore in Jharkhand

UltraTech Cement in focus - Limit increased to 40 percent of capital for investment by RPFIs (FII)

AU Small Bank tied up with Aurionpro Solutions to enhance its digital banking offering corporate internet banking and cash management platform for SME, MSMEs and Corporate customers

Ortel Communications says registration of wholly owned subsidiary Ortel Broadband Limited with ROC

Baring PE and representative from E&Y met the senior management for understanding the business model and operations of Can Fin Homes

Speciality Restaurants opened two new restaurants in Mumbai i.e. Sweet Bengal and Zoodles

Millitoons Entertainment announced acquisition of J & K Hotels, LLC (20 percent stake) and termination of acquisition agreement of Kirksville Hospitality

Rural Electrification Corporation approved the sale of WR-NR Power Transmission Limited, wholly owned subsidiary of the company to Power Grid Corporation

Bank of Baroda will have to provide for potential loss of Rs 120 crore for Gupta family company in South Africa

Union Bank plans to offload 26 big stressed accounts to Rs 5,900 crore

Tata Motors showed its plugged into E-Vehicles, unveils Sedan concept

SEBI asked to investigate results leaked on Whatsaap

ITC's Aashirvaad atta is now Rs 4,000-crore brand

Hindustan Aeronautics, Bandhan Bank, ICICI Securities, Bharat Dynamics IPOs to hit market this month to raise money for Rs 12,000 crore: Mint

Government’s Health cover plan will benefit Apollo Hospitals as well: ET

Tata Sons to buy up to 6.64 percent in Indian Hotels Company from three promoter entities

Reliance Communications moves to HC against order restraining asset sale: ET

UltraTech Cement takes fight for Binani Cement to National Company Law Tribunal: BS

Torrent Pharma readies Rs 16,000 crore bid for Sanofi’s European unit: Media Report

Liberty House emerges as top bidder for Amtek Auto: ToI

Power Grid emerges as lowest bidder for 1 transmission system of REC

Central Pollution Control Board orders temporary suspension of Sharon Bio Medicine's API plant

Kaveri Seed in focus - Government likely to slash BT Cotton seed price to Rs 740 per packet: Mint

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First Published on Mar 7, 2018 07:56 am
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