One such company is Bharati Shipyard, where lenders plan to use the bankruptcy code and file a case with National Companies Law Tribunal (NCLT), according to sources. They may appoint E&Y as resolution professional.
Tata Motors | TCS | Kotak Mahindra Bank | Ashok Leyland | TVS Motor | Hero Motocorp | Royal Orchid Hotels | Tulsi Extrusions | Cheviot | Stone India | Orbit Corporation | Bharati Shipyard | MIC Electronics | Cable Cords | SAIL | PNC Infratech | Thomas Cook | Kwality and IRB Infrastructure are stocks, which are in the news today.
Bharati Shipyard: Debt Takeover
The company had reported a net loss of Rs 44.96 crore in the year-ago period, it said in a BSE filing. The total income from operations increased to Rs 10.96 crore during the quarter under review as against Rs 6.58 crore in the year-ago period.
Tata Motors | Sun Pharma | DLF | Orchid Chemicals | IOC | Cairn India | Vedanta | Tech Mahindra | Arvind Infrastructure | Biocon | Natco Pharma | Bharati Shipyard and Brooks Labs are stocks, which are in the news today.
It can be noted that Edelweiss ARC has been buying over stressed loans of lenders from banks since last year and is now planning a Rs 4,500 crore restructuring for the ailing company
Tata Motors | Hero Motocorp | TVS Motor | Opto Circuits | Coal India | DLF | Petronet LNG | Info Edge | Cipla | Punj Lloyd | Edelweiss Financial and Bharati Shipyard are stocks, which are in the news today.
Larsen and Toubro | Maruti Suzuki | Suzlon Energy | TVS Motor | Ashok Leyland | Steel Strips | Den Networks | V2 Retail | Raymond | JBF Industries | SPARC | Jet Airways | SpiceJet and PTC India Financial are stocks, which are in the news today.
Indicating greater focus on defence business, Bharati Shipyard Ltd on Friday said it will change its name to Bharati Defence and Infrastructure Ltd.
Reliance Industries | Lupin | Tata Motors | Zee Entertainment | TVS Motor | Sun Pharma | Sequent Scientific | TCS | Power Finance Corporation | Jayshree Tea | OBC | Sun TV Network | Pfizer | Relaxo Footwears | Persistent Systems | Andhra Bank | IOB | Bharat Electronics | JMT Auto and Geojit BNP Paribas are stocks, which are in the news today.
Sun Pharma | Eicher Motors | Bharti Airtel | Cairn India | Idea Cellular | Plpavav Defence | Raymond | Monsanto | Supreme Petro | Rane Engine Valve | Vedanta | MCX | Sanofi India | Bharati Shipyard | SpiceJet | Aurobindo Pharma and Tata Power are stocks, which are in the news today.
Among the large Sensex and Nifty companies, the three non-compliant firms till late evening were ONGC, PNB and BPCL -- all of them public sector entities, as per the status update report submitted by exchanges to Sebi. It could not be ascertained whether these companies made compliance with Sebi norms later in the night.
Mahindra and Mahindra | Sundaram Finance | Ramco System | ONGC | Lupin | NTPC | Tata Motors | Bharti Airtel | Chambal Fertilisers | Bharti Infratel | Castrol India | ABG Shipyard | Kesoram Industries | PNB | Union Bank | Canara Bank and Dena Bank are stocks, which are in the news today.
Reliance Industries | Maruti Suzuki | Power Grid | SpiceJet | Torrent Pharma | Bharti Airtel | Bharati Shipyard | Punjab National Bank | Hindustan Zinc | Financial Technologies | State Bank of India | Essar Oil | DLF | Jayaswal Neco and Reliance Capital are stocks, which are in the news today.
"Edelweiss Asset Reconstruction Company 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 into the cash-strapped shipbuilder," a media report said quoting managing director Vijay Kumar.
UltraTech Cement | Jaiprakash Associates | Sobha | IFCI | NTPC | Alstom T&D India | Electrosteel Castings | Ambuja Cements | Manappuram Finance | Godrej Industries | Claris Lifesciences | Fulford India | Novartis | GSK Pharma | Nirlon | Future Retail | TTK Healthcare | MCX | IOC and MTNL are stocks, which are in the news today.
ONGC | ICICI Bank | HDFC Bank | Reliance Communications | NTPC | Hindustan Zinc | Coal India | SpiceJet | Terrain Fashions | Himachal Fibers | DLF | Balaji Telefilms | Crompton Greaves | State Bank of Travancore | Tree House Education | Punj Lloyd and Linc Pen and Plastics are stocks, which are in the news today.
The government today asked Reserve Bank of India to relax rules to revive the shipbuilding industry.
Shipping stocks were rose sharply Tuesday, a day after road, highways and shipping minister Nitin Gadkari said the government had decided to launch PM Jal Marg Yojna, in a bid to boost water transport in the country.
The government (on October 24) said based on the recommendations of FIPB, it approved 20 proposals of foreign direct investment amounting to approximately Rs 988.3 crore.
Baltic Dry Index is also up 3 percent. The index is down 48 percent on a year-to-date basis, but had spiked up from August hitting 4-month high.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today. We have Lanco Infrastructure, ABG Shipyard, Bharati Shipyard, Mercator, Varun Shipping, Manali Petro, BL Kashyap and Ujaas Energy.
Six stocks which will be shifted to the restricted category on both the exchanges include - Excel Infoways, ICSA (India), Omnitech Infosolutions, Paramount Printpackaging, Prime Securities and Tulip Telecom.
Bharati Shipyard has reported a standalone sales turnover of Rs 12.67 crore and a net loss of Rs 192.73 crore for the quarter ended Dec '13
Videocon Industries | Man Industries | Rasoya Proteins | Gitanjali Gems | ABG Shipyard | SpiceJet | CORE Education | REI Agro | IVRCL | Punj Lloyd | CRISIL | Opto Circuits | Educomp Solutions | Unitech | DEN Networks | Britannia | MMTC | REC | DLF | Jet Airways | SBI | Infosys | PNB and Supreme Infra are stocks, which are in the news today.