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Last Updated : Dec 03, 2015 08:51 AM IST | Source: CNBC-TV18

Stocks in news: Wipro, AB Nuvo, Dena Bank, Ajanta Pharma

Wipro | Aditya Birla Nuvo | Kalpataru Power | Sun Pharma | Thomas Cook | Dena Bank | Bank of Baroda | Ajanta Pharma and Bhushan Steel are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Aditya Birla Nuvo
-Sun Life Financial to increase shareholding in Birla Sun Life to 49 percent from 26 percent
Sun Life Financial says
-Deal to increase stake in Birla Sun Life for about USD 254.20 million
-Will buy additional Birla Sun Life shares from Aditya Birla Nuvo for Rs 1,664 crore

-Company to acquire IT consulting & software company Cellent AG for euro 73.5 million
-Signed an agreement with Landesbank Baden-Wuerttemberg to buy Cellent AG
-All consultants of Cellent AG will now become a part of Wipro
-Cellent AG has a team of more than 800 consultants


Kalpataru Power
-Company withdraws DRHP filed with SEBI
-DRHP was for listing of its subsidiary Shree Shubnam Logistics

Bhushan Steel
-Company may get Rs 3,000 crore through asset sale: BS
-Amount to come from sale & lease-back of oxygen and coke oven plants
-Concerned plants are in Odisha

Ajanta Pharma
-Gets USFDA approval for Namenda generic or Memantine Hydrochloride
-Mental health drug is used to treat dementia in Alzheimer's

Bank of Baroda
-Finance ministry orders forensic probe into Bank of Baroda forex scam: Mint
-Arun Jaitley says ministry of corporate affairs has ordered investigation in respect of 11 companies involved in the transaction
Dena Bank: Board meet today December 3
-To raise AT1 capital upto an amount of Rs 1,500 crore in one or more tranche, in one or more instruments
-To raise Tier 2 capital upto an amount of Rs 1,000 crore in one or more tranche, in one or more instruments
-To raise equity capital of the bank by diluting government holding upto 52 percent, on obtaining necessary approval from GOI

Thomas Cook
-Company to launch prepaid ‘one currency card’
-Card to allay issues with currency conversion

Copper Producers' Association meets principal secretary to PM & mines ministry officials
Copper Producers' Association to government:
-Reduce customs duty on copper concentrate from 2.5 percent to nil
-Increase customs duty on copper products from 5 percent to 7.5 percent
-Reinstate 2 percent export incentive withdrawn with effect from April, 2015
-Revisit Free Trade Agreement (FTA) related to copper from Japan, ASEAN Treaty, Malaysia CECA, Chile
-97 percent or about 3 million tonnes of India's copper concentrate is imported
-India imports copper concentrate from South America mostly
-Industry pitches for ease of inverted duty structure
-Imports of copper products have risen to about 100 percent in 4 years
-India now imports about 200,000 million tonne of copper products
-India importing maximum copper products under Japan FTA & ASEAN treaty
-Cost of production apart from raw material has risen 100 percent from 2007
-Copper Association includes companies like Hindalco, Vedanta, & Hindustan Copper

Bengaluru-based RMZ to acquire Essar owned Equinox Business Park for Rs 2,350 crore: Sources
Alert: 1.2 million square feet Equinox Business Park is located near BKC in Mumbai
Alert: RMZ-Essar deal would be biggest commercial real estate deal in Mumbai
Alert: RMZ is backed by sovereign fund - Qatar Investment Authority (QIA)
-Transaction w.r.t Equinox Business Park to be carried out in two equal tranches
-Acquisition of first half could be be finalised by December-end

Other stocks and sectors that are in news today:
-Coffee Day Enterprises in focus: Café Coffee Day launches home delivery service
-RBI says NRIs can now invest up to 24 percent in TV Today Network
-Lok Sabha passes Air (Amendments) Bill 2015
-Govt official says cabinet gives post-facto approval for easing FDI norms in 15 sectors
-Sun Pharma announces association with world champion snowboarder Kelly Clark for Absorica (Used for treatment of severe recalcitrant nodular acne in patients over age of 12)

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First Published on Dec 3, 2015 08:19 am
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