Here are stocks that are in news today:
UltraTech Cement says-Board approves acquisition of Jaiprakash Associates' cement units in Madhya Pradesh-Enterprise value of acquisition of JP Associates’ cement units at Rs 5,400 croreJaiprakash Associates says-Board approves divestment of cement units to UltraTech Cement-Board approves sale of 2 cement units in MP for EV of Rs 5,400 crore
Competition Commission of India (CCI) clears Novartis-GSK Pharma dealCCI says-Novartis-GSK Pharma to have no adverse effect on competition-Approve Novartis-GSK Pharma deal under Section 31 (1) of Competition Act
Novartis-GSK Pharma deal-GSK to acquire Novartis global human vaccines business-Novartis-GSK Pharma to form consumer healthcare JV-GSK Pharma to contribute global consumer healthcare business to JV-Novartis will contribute its over the counter consumer healthcare business to JV-GSK Pharma to hold 63.5 percent equity in JV, Novartis to hold 36.5 percent-Novartis to acquire GSK Pharma’s oncology products portfolio Sobha Group-Sobha group inks USD 136 million deal with Doha Bank-The deal is to develop a major project in Dubai
MEP Infra gets SEBI nod for Rs 360 crore IPO-Toll management company to raise Rs 360 crore in IPO
IFCI-Board approves the issue of secured, redeemable, non-convertible debentures under Tranche II-Public issue of NCD with a base issue size of Rs 250 crore-With an option to retain oversubscription upto the residual shelf limit i.e. Rs 791 crore-Issue opens January 1 and closes February 4
NTPC-Company to lose its first UMPP, government to cancel bid as private companies pull out, final call on 2 ultra mega power projects by January 5: BS-NTPC board approves bonus debenture issue: Business Line-Company to issue 824.54 crore debentures amounting to Rs 10306 crore
Alstom T&D India-Gets order worth around Rs 180 crore from NTPC-To supply 765 kV switchyard at NTPC’s Darlipalli STPP in Sundergarh, Odisha
Electrosteel Castings: Board meet today-To consider reduction of investment in Singardo International-Singardo International is an associate company
Change in circuit filter-Gujarat Gas from 20 percent to 10 percent-Maxwell Industries from 20 percent to 10 percent
Ambuja Cements-Files special leave petition in SC on sales tax incentives-Files special leave petition in SC challenging Rajasthan HC order-Rajasthan HC rejects company’s plea against Rs 250 crore tax demandAlert: Rajasthan Commercial Taxes Department issued demand notices for Rs 248 croreAlert: Company filed writ petitions in Rajasthan HC challenging Commercial Taxes Department demand noticesAlert: Rajasthan High Court dismissed company’s writ petitions on December 19
Appointments Committee of Cabinet approves S Bhattacharya’s selection as Coal India chairman: Sources-S Bhattacharya likely to take charge of Coal India from JanuaryAlert: PM Modi heads Appointments Committee Of CabinetAlert: S Bhattacharya is 1985 batch IAS officer
Manappuram Finance-Board approves acquisition of 70 percent stake in Asirvad Micro Finance-Intend to up stake in Asirvad Micro Finance up to 85 percent by infusing additional capital
IndiGo may place an order for 80 more aircraft: Sources-IndiGo will seek permission from aviation ministry soonAlert: IndiGo already has about 425 aircraft (in fleet & on order)
Government may re-promulgate coal ordinance today: SourcesAlert: Coal ordinance approved on October 20, valid till January 4Alert: Ordinance is valid for 6 weeks from inception of parliament session-Next parliament session will be in February-Re-promulgation to make coal ordinance valid till March-endAlert: Government aims to allocate at least 74 coal blocks by March-end
Godrej Industries-Seeks shareholders' nod to acquire securities of Godrej Consumer Products up to Rs 400 crore-Seeks shareholders' nod to acquire securities of Godrej International up to Rs 10 crore
Fulford India-Divests consumer care business to Bayer Pharma-Bayer AG globally acquires consumer care business from Merck & Company-Bayer to completely take over marketing & distribution of consumer care products w.e.f. January 1
Claris Lifesciences confirms patent challenge for generic version of Propofol in USClaris Lifesciences says-Fresenius Kabi USA filed a suit against company on December 19-Legal advisors say claims of patent will not be infringed by company's product-Suit to prevent company from commercialising its ANDA prior to expiration of existing patent
GIC Real Estate to acquire majority stake in NirlonAlert: GIC Real Estate is arm of Singapore GovernmentGIC Real Estate-Nirlon deal-Acquisition to trigger open offer-HSBC Securities, Kotak Mahindra Capital managers to open offer
Other stocks and sectors that are in news today:-Future Retail’s Rs 1600 crore rights issue on January 15-TTK Healthcare: NSE Change - Withdrawl of dealing under the “permitted to trade category” applicable today-KDDL: Intimation regarding fund raising by subsidiary company, Ethos by way of issue of compulsory convertible cumulative preference shares-MCX gets FMC nod to launch crude oil mini futures-IOC will be investing Rs 6800 crore on capacity expansion and improving fuel quality at its Gujarat refinery unit: DNA-Edelweiss ARC is looking to raise up to USD 100 million (Rs 634 crore) for Bharati Shipyard from foreign investors by April in an effort to infuse liquidity in company: ET-Cabinet decision on spectrum base price likely in this month: PTI sources-Tree House Education: Board approves allotment of 45.45 lakh shares at Rs 440/share to QIBs-Religare Finvest: Board to consider proposal for buyback of debentures on December 29-Cabinet likely to meet today: Cabinet may consider formula & methodology for floor/reserve price for e-auction of coal blocks-Cabinet to consider easing FDI norms for medical devices business today: PTI sources-RBI extends deadline for withdrawal of pre-2005 currency notes by another 6 months till June 30-Sources say telecom minister likely to give incentives to BSNL, MTNL on December 25: PTI
Jammu & Kashmir assembly polls-PDP emerges as single largest party with 28 seats, BJP in 2nd place with 25 seatsJharkhand assembly polls-BJP-AJSU alliance wins 42 seats, Jharkhand Mukti Morcha wins 19
CBI questions senior SEBI officials in Saradha scam: Sources-CBI to meet SEBI wholetime member in Kolkata today-CBI questioned 7 SEBI officials so far-CBI questions CGMs from inquiry and adjudication department, GM (RTI)-CBI questioned senior officials from RoC and RBI-CBI to ascertain if regulators delayed in passing order-CBI looking at role of regulators in Saradha scamAlert: CBI probe after SC criticised regulators' role in Saradha
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