Here are stocks that are in news today:
Sterlite Technologies-Acquires global software company Elitecore Tech for Rs 180 crore-Acquires global software company Elitecore Tech in all cash deal
Visa Steel-Lenders of company decide to invoke strategic debt restructuring-In discussion with lenders for preparing a conversion package
Financial Technologies says-Total consideration for IEX stake sale at Rs 410 crore, sells 19.06 percent stake-Amends share purchase agreement for IEX stake sale
SEBI-Imposes penalty of Rs 7,269 crore On Pearl Agrotech Corp (PACL) & 4 directors for illegal money mobilisation-Penalty on PACL & its 4 directors for illegal money mobilisation from public-Directs PACL to pay penalty amount within 45 days of receipt of the order-PACL made profit of over Rs 2,400 crore in less than a year by raising funds illegally
Telenor India CEO to CNBC-TV18-Priority for company is to built network capabilities for high speed data-Actively exploring all solutions on acquiring more spectrum-Don't think co will immediately transform into 4G-Continue to focus on voice & basic internet-No urgency to follow competitors for 4G foray-Interested in spectrum trading currently; in discussions with Videocon & other telecom companies-Compensation to customers for call drops will not be industry-wide practice-Company took a stand to be fair to customers-It is an operator's obligation to compensate customers in case of call drops
Reliance Games partners Chinese company Lead Eastern Group to create & market mobile games globallyReliance Games says-Lead will invest USD 15 million for 10 percent stake in company’s subsidiary Zapak Mobile
Tara Jewels-Signs manufacturing & supply agreement with US company Sterling Jewelers-Signs agreement with Sterling Jewelers for designer Brand Angel SanchezTara Jewels says-A launch order valued at Rs 29 crore has been delivered; designs being tested initially in 60 stores
Other stocks and sectors that are in news today:-Company founder Shivinder Singh set to relinquish executive role in Fortis Healthcare: ET-Indiabulls Real Estate Fund gives Rs 100 crore to Noida realtor Supertech: ET-Open offer launched for Tidewater Oil India by Standard Greases-Bengaluru Court directs Britannia to pay pensioners dues: BS-CRISIL lowers BHEL outlook on power sector overhangs-Vijay Mallya seeks removal of beer from list of alcoholic beverages: FE-Amtek Auto says in talks with many banks & financial institutions for re-alignment of debt-TCS Digital Software & Solution Group introduces smart city accelerator solution-Department Of Industrial Policy & Promotion (DIPP) doubles validity period of defence industrial license to 15 years-Ujaas Energy to construct 10 MW of Teesta Canal Fall hydro power plant at cost of Rs 66 crore-Government gets Rs 263 crore in bid deposits of FM radio Phase-III e-auctions-Dai-ichi plans to raise investment in its Indian venture-Pidilite eyes Rs 900 crore from construction chemical division
CLSA on Larsen and Toubro-ICRA downgrades term loans worth Rs 1,500 crore of toll road SPVs to default-Downgrade of terms loans follows recent delays to service the debt-Do not see major impact on company due to term loan downgrade-Two roads combined constituted 2 percent of FY15 debt-Maintain buy call on the stock; best proxy for domestic capex revival
Bank of America Merrill Lynch on Larsen and Toubro-SPV loan default will have no impact on L&T IDPL and Company-Maintain buy call; valuations look attractive
L&T IDPL says-No impact on parent company due to term loan downgrade-SPV execution is on standalone basis-Downgrade of term loan due to regulatory issues, not liquidity-Current dues for both projects at Rs 16 crore-Total quantum of loan is Rs 1,350 crore
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