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Last Updated : Jan 06, 2016 10:16 AM IST | Source: CNBC-TV18

Stocks in news: Hitachi, Aurobindo, Godfrey Phillips, Rel Power

Cadila Healthcare | Hitachi Solutions | Aurobindo Pharma | ACC | Ambuja Cement | NMDC | Shoppers Stop | Olympic Cards | Hexaware | Gokaldas Exports | Edelweiss Financial | Godfrey Phillips | Reliance Power and Arshiya are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Cadila Healthcare warning letter: US FDA says
-Identified significant violations of current good manufacturing practice (CGMP)
-Company's responses of September 26 & December 26, 2014 lack sufficient corrective action
-Company failed to thoroughly investigate any unexplained discrepancy
-Company did not adequately investigate out-of-specification lab test results
-Recurrence of product quality failures indicates that corrective and preventive actions (CAPA) was ineffective
-Persistent failures indicate that manufacturing process is not in a state of control
-Company failed to establish & follow adequate written procedures
-Company failed to describe handling of written & oral complaints
-Company did not adequately probe & address consumer complaints on many occasions
-Unknown if mix-ups caused by inadequate cleaning procedures
-Unknown if mix-ups caused by personnel flow, equipment suitability
-Remains unknown if mix-ups caused by material flow, line segregation
-Unknown if mix-ups caused by line-clearance documentation
-Probe found plastic bags filled with paperwork & scrapped items in scrap yard
-Company failed to exercise sufficient controls over computerised systems
-Company reprocessed failed batches without scientific justification
-Company obtained failing results for analysis in 4 of (b)(4) batches of (b)(4) API

JLR US December sales (Tata Motors in focus)
-JLR US sales up 29.6 percent at 9,638 units versus 7,437 units (YoY)
-Jaguar US sales down 28.9 percent at 1,197 units versus 1,683 units (YoY)
-Land Rover US sales up 46.7 percent at 8,441 units versus 5,754 units (YoY)


Everest Kanto on CNBC-TV18:
-Company is geared for high CNG demand in future
-Company has market share of 65 percent
-There definitely is a surge in demand
-Have sufficient capacity to cater to demand

Arshiya International
-Lenders say investors misread corporation debt restructuring (CDR) exit: FE
-CDR has not been successful
-CDR withdrawn due to inability of promoters to meet conditions

Reliance Power
-Jharkhand to buy 100 percent shares from Reliance Power in relation to Tilaiya UMPP: FE
-Also, challenged cancellation of coal mine for Sasan UMPP as breach of contract
-What’s incremental: Re-bidding for this UMPP likely in mid-February

Godfrey Phillips
-Phillip Morris International has initiated talks with company to take control of cigarette brands: ET
-One structure considered would be to split company into 2
-While manufacturing remains with Godfrey Phillips, marketing & distribution to be handled by Phillip Morris
-Indian entity will act as contract manufacturer

-Baring PE Asia looks to exit company: ET
-Hong Kong Fund initiates talks with France’s Capgemini

Gokaldas Exports
-Board approves transfer/sale of assets in Bangalore, Hyderabad & Mysore
-To sell global garments unit-III & Balaji Fashion House in Bangalore
-To sell 2 plots in Mysore & 1 plot in Hyderabad

-Manyata promoters to raise Rs 750 crore from ECL Finance: ET
-ECL Finance is Edelweiss group’s finance arm
-Manyata Promoters is one of Bangalore’s biggest land owners

State Bank of India
-To begin dedicated branch operations to support start-up sector
-To inaugurate start-up branch in Bengaluru on January 14
-To provide start-up enterprises with basic banking services

ACC/ Ambuja Cement / Cement companies - CCI chairman says:
-Holcim-Lafarge deal close to clearance
-Lafarge’s alternative proposal is on the table
-New proposal more comprehensive, covers areas of competition

Olympic Cards
-Production resumed from today
-Production disrupted due to Tamil Nadu rains on November 19

Medicamen Biotech - post open offer status:
-No shares tendered in open offer
-Open offer at Rs 40 apiece and current market price Rs 71

Goa Carbon - December operational performance:
-Sales: Rs 37.4 crore
-Production cost: Rs 32.4 crore

Other stocks and sectors that are in news today:
-Hitachi Solutions India acquires IT solutions provider Ignify
-Piramal Enterprises to issue secured NCDs up to Rs 500 crore
-Aurobindo Pharma gets tentative US FDA nod for Prasugrel abbreviated new drug application (ANDA)
-NMDC: April-December iron ore production at 20.08 million tonne & sales at 20.32 million tonne
-Auto companies in focus: Government initiates investigation into alleged dumping of Chinese auto parts
-Ferrous companies in focus: Government scraps 5 percent export duty on iron ore pellets
-JHS Svendgaard Laboratories board allotted 1.26 crore convertible warrants to non promoters under CDR
-Greenply Industries ex-date today for split 1:5
-Shoppers Stop to spend Rs 500 crore over next 3 years to raise store count: ToI

First Published on Jan 6, 2016 08:02 am