Here are stocks that are in news today:
Jaiprakash Associates / Ultratech Cement-Board has been informed of the lenders decision on strategic debt restructuring (SDR)-Do not see the need for revocation of SDR-Board forms a sub-committee to look at various options for financial restructuring-Board approves scheme of arrangement for divestment of cement assets to UltraTech Cement-Divestment for a revised consideration of Rs 16,189 crore versus Rs 15,900 crore earlier
ICICI Bank / Edelweiss: Sources-ICICI Bank sells its loan in Essar Steel to Edelweiss-Loans worth Rs 1,600 crore has been sold to Edelweiss ARC-ICICI Bank retains working loan exposure to Essar Steel-ICICI Bank has over Rs 7,000 crore exposure to Essar Steel-ICICI had termed Rs 3,600 crore loan on account of Essar Steel as non-performing assets-ICICI Bank has Rs 27,000 crore total exposure to Essar Group-Essar Steel, ICICI Bank, Edelweiss did not offer any comment
CIBIL stake sale-ICICI Bank sells 6 percent stake in CIBIL-Bank of Baroda sells 5 percent stake in CIBIL
IFCI-Divests 2.25 lakh shares in NSE at Rs 3,950/shareAlert: Stake sale part of 2.5 percent sale approved by board in April, 2014
State Bank of Travancore says-All India Bank Employees' Association has called for strike on July 12 & 13 in associate banks of SBI-Normal banking operations may get affected on July 12 & 13 due to the strike
Dabur India-Company set to roll out fruit based fizzy driks: ET-New range called Real VOLO to contain 20-25 percent fruit juice-To be initially launched in 250 ml
Southern Online Bio Technologies-Receives order to supply 14544 kilo litres of bio diesel to Andhra Pradesh state road transport-Order worth Rs 79.9 crore per year for 3 years-Also received order from Telangana State Transport for Rs 23.2 crore for 6 months (extendable to 1 year)
Modison Metals-Signs MOU with "Ekaterinburg non-ferrous processing plant”, Russia, (Renova Group)-To float a JV in India to manufacturing and sell precious metal products for electronic & automobile industry
Shipping Corporation of India-Sells Vessel M.V Goa (for scrappage)-Ship was built in 1998 (18 years against average fleet age of 7 years)
Corporate Action - Ex-dividend-Can Fin Homes Rs 10/share-Greenply Industries 60 paise/share-Sundaram Finance Re 1/share-LG Balakrishna Re 1/share
Other stocks and sectors that are in news today:-20-days shutdown of Bhushan Steel's hot strip mill at Orissa for capacity addition-Grasim Industries resumes operations in a phased manner at staple fibre plant at Nagda-Tata Motors JLR June total domestic sales at 185 units versus 150 units (YoY)-IOC turns down offer to buy stake in Nagarjuna Oil project-Tata Teleservices may close CDMA operations in 850 MHz band: ET-Edelweiss Group plans to double the retail loan book to Rs 10,000 crore-Coal India workers threaten to go on strike over salary revision panel-Lenders decide to invoke strategic debt recast of Usher Agro-Pokarna, Compuage, Mold-Tek Tech to list on NSE on July 7-Arman Financial board approves issue of non-convertible debentures (NCDs) upto Rs 25 crore via private placement in FY17-IDBI Bank reduces marginal cost of funds based lending rates w.e.f July 01, 2016-Speciality Restaurants receives NOC from West Bengal Industrial Development Corporation board to sell leasehold rights to 2.48 acre land in Howrah-Oudh Sugar exits corporate debt restructuring-Techno Electric board meeting on July 14 consider issue of bonus shares
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