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Last Updated : Sep 23, 2015 09:10 AM IST | Source: CNBC-TV18

Stocks in news: BHEL, Amtek Auto, TCS, Tara Jewel, Pidilite

Fortis Healthcare | Britannia | BHEL | Amtek Auto | TCS | Pidilite Industries | Tidewater Oil India and Tara Jewels are stocks, which are in the news today.

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Todays L/H

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

-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 globally
Reliance 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 Sanchez
Tara 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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First Published on Sep 23, 2015 08:19 am
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