Ajanta Pharma launches Montelukast IR Tablets

Montelukast IR Tablets and Chewable Tablets are part of an ever-growing portfolio that Ajanta Pharma has developed for the US market.

Ajanta Pharma USA Inc., a subsidiary of Ajanta Pharma Limited, announced today the launch of Montelukast Sodium IR Tablets (10mg) and Montelukast Sodium Chewable Tablets (4mg & 5mg), generic versions of SINGULAIR Tablets and SINGULAIR Chewable Tablets, respectively. The United States Food & Drug Administration (US FDA) approval extends the breadth of the Montelukast offerings from Ajanta Pharma into three dosage forms (Immediate-Release Tablets, Chewable Tablets, and Oral Granules).

Montelukast IR Tablets and Chewable Tablets are part of an ever-growing portfolio that Ajanta Pharma has developed for the US market. To date, the US FDA has granted Ajanta Pharma five ANDA final approvals and two ANDA tentative approvals. An additional 19 ANDAs are pending approval from the US FDA.

The scrip opened at Rs. 1400 and has touched a high and low of Rs. 1405.95 and Rs. 1360 respectively. So far 242061(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12119.53 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1720 on 12-Aug-2015 and a 52 week low of Rs. 890 on 26-Dec-2014. Last one week high and low of the scrip stood at Rs. 1387.85 and Rs. 1318.8 respectively.

The promoters holding in the company stood at 73.78 % while Institutions and Non-Institutions held 9.66 % and 16.56 % respectively.

The stock is currently trading above its 100 DMA.

Airtel, Vodafone, RCom, Paytm gear up to help flood-hit Chennai citizens with special offers India Infoli

Telecom Minister Ravi Shankar Prasad announced on Wednesday that landline operators in Chennai will offer free service for a week and telephone connections for which the bill payment is due will not be disconnected for 15 days.

The telecom industry is showering flood-hit Chennai citizens with free recharges and special data offers.

Telecom Minister Ravi Shankar Prasad announced on Wednesday that landline operators in Chennai will offer free service for a week and telephone connections for which the bill payment is due will not be disconnected for 15 days. BSNL also announced special schemes for its mobile subscribers. The stated-owned telco will allow free local and STD calls to other BSNL mobile phone users as well as 100 MB data for seven days for its pre-paid users. 

Market leader Bharti Airtel has offered an automated talk time credit up to Rs. 30 for its prepaid customers. Moreover, it has offered a 10 minutes credit for Airtel to Airtel calling free of cost along with a free credit of 50MB data with a 2-day validity for all prepaid customers in Chennai. The post paid and landline subscribers of Airtel will get an extension in payment of bills.

Vodafone is also offering pre-approved ‘chhota credit’ of Rs.10 to all pre-paid customers and a credit of 10 minutes for Vodafone to Vodafone calling. In addition, free 100MB mobile data is being offered to all customers with data enabled handsets. The validity of the talk time credit and free data is two days. For postpaid customers whose bills are due for payment immediately, the time to make the payment is being extended.

Joining the consortium, Reliance Communications has offered 50 MB of data free, coupled with its loan facility wherein customers can recharge their balance by up to Rs 10. These free minutes and data will be credited in the customers' pre-paid accounts.

Aircel, having major presence in south India, offered free 10 minutes Aircel to Aircel calls for three days and auto credit of Rs 30, along with 10 free SMS pan India with a validity of three days. The telco is also offering 100MB of 2G or 3G data free for three days.

Mobile wallet Paytm is yet another platform where the mobile subscribers in Chennai can avail free recharge. The mobile payment company is providing the residents of flood-stricken Chennai a free instant recharge of Rs. 30.

Union Bank to acquire Bhartiya Mahila Bank

Union Bank Ltd reportedly said that it is keen to acquire Bhartiya Mahila Bank. The talks are currently ongoing with Fin Ministry Officials on BMB Merger, says report.

Union Bank Ltd reportedly said that it is keen to acquire Bhartiya Mahila Bank.

The talks are currently ongoing with Fin Ministry Officials on BMB Merger, says report.

Union Bank of India is currently trading at Rs. 170, down by Rs. 0.45 or 0.26% from its previous closing of Rs. 170.45 on the BSE.

The scrip opened at Rs. 168.1 and has touched a high and low of Rs. 171.15 and Rs. 168.1 respectively. So far 463765(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11717.43 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 253.5 on 23-Jan-2015 and a 52 week low of Rs. 129.8 on 08-May-2015. Last one week high and low of the scrip stood at Rs. 173.9 and Rs. 158.65 respectively.

The promoters holding in the company stood at 63.44 % while Institutions and Non-Institutions held 26.84 % and 9.72 % respectively.

The stock is currently trading above its 100 DMA.

Bharti Airtel rises marginally on offering special schemes for Chennai users

The company announced special schemes to help customers in the flood-hit Chennai, including an offer of crediting a minimum balance of Rs 30 in their accounts.

Bharti Airtel stock rose marginally at Rs. 324.05 after the company announced special schemes to help customers in the flood-hit Chennai, including an offer of crediting a minimum balance of Rs 30 in their accounts.

The telecom operator also offered a free 10 minutes credit for Airtel to Airtel calling along with a free credit of 50MB data with a 2-day validity for all prepaid customers in Chennai.

The scrip opened at Rs. 321 and has touched a high and low of Rs. 326.5 and Rs. 321 respectively. So far 686067(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 129096.03 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 315.65 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 345 and Rs. 316.2 respectively.

The promoters holding in the company stood at 65.45 % while Institutions and Non-Institutions held 25.6 % and 8.95 % respectively.

The stock is currently trading above its 200 DMA.

Wipro marginally up; to acquire Cellent AG

The company entered into an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG, a leading IT Consulting and Software Services company in Germany for Euro 73.5 million.

Wipro climbed marginally at Rs. 579.00 after the company entered into an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG, a leading IT Consulting and Software Services company in Germany for Euro 73.5 million.

The scrip opened at Rs. 587 and has touched a high and low of Rs. 587 and Rs. 577.35 respectively. So far 383624(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 142719.25 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.9 on 11-Mar-2015 and a 52 week low of Rs. 512.55 on 24-Apr-2015. Last one week high and low of the scrip stood at Rs. 587 and Rs. 562 respectively.

The promoters holding in the company stood at 73.36 % while Institutions and Non-Institutions held 15.29 % and 9.38 % respectively.

The stock is currently trading below its 200 DMA.

JustDial down 5%; to invest upto Rs.164.5 crore on share buyback programme

The company plans to buy back up to 10.61 lakh shares at Rs 1,550 a share on proportionate basis.

JustDial Ltd reportedly said it will invest up to Rs. 164.5 crore on a share buyback programme. 

The company plans to buy back up to 10.61 lakh shares at Rs 1,550 a share on proportionate basis. 

The company has fixed the record date as December 4. 

Just Dial Ltd is currently trading at Rs. 874.05, down by Rs. 41.75 or 4.56% from its previous closing of Rs. 915.8 on the BSE.

The scrip opened at Rs. 891.8 and has touched a high and low of Rs. 891.8 and Rs. 871.9 respectively. So far 181188(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6458.22 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1631.7 on 28-Jan-2015 and a 52 week low of Rs. 741.1 on 09-Nov-2015. Last one week high and low of the scrip stood at Rs. 973 and Rs. 910.9 respectively.

The promoters holding in the company stood at 32.58 % while Institutions and Non-Institutions held 42.64 % and 24.78 % respectively.

The stock is currently trading above its 200 DMA.

PVR, Aditya Birla Nuvo, Coal India among 10 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

PVR Ltd: PVR Ltd may have to sell some of its screens in Delhi to get clearance for its Rs. 500-crore acquisition of DT Cinemas, according to a business daily.

Aditya Birla Nuvo: Aditya Birla Nuvo sold 23% stake in life insurance to Toronto based Sun Life Financial for Rs. 1,664 crore, valuing the company at Rs. 7,234 crore. 


Bank of Baroda: The Government has ordered a forensic probe into the alleged financial irregularities in outward foreign remittances of ~Rs. 6,000 crore from a Bank of Baroda branch.

Coal India Ltd: Coal India recorded an increase of 30 million tonnes (MT) in its off-take during April-November this year as against 12 MT during the same period last year.

Wipro: The IT company has entered into an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG, a leading IT Consulting and Software Services company in Germany for Euro 73.5 million.

Natco Pharma Ltd: The pharma company has announced that its WOS API plant operations at Chennai temporarily suspended due to flooding.

Bharti Airtel: The telecom company announced special schemes to help customers in the flood-hit Chennai, including an offer of crediting a minimum balance of Rs 30 in their accounts.

Tata Steel: The company said that its unit incorporated in Singapore TS Global Holdings signed agreements with a group of 16 mandated lead arrangers for $1.5 billion of loan facilities.

Sun Pharma: The pharma company announced its association with gold medalist snowboarder and 2015 ESPY Best Female Action Sports Athlete Kelly Clark. Through this association, Kelly Clark will share her life experience of living with severe recalcitrant nodular acne and her recent treatment with Absorica (isotretinoin) capsules.

Thomas Cook: The company announced the launch of the ‘Thomas Cook One Currency Card’ –India’s first prepaid travel card with zero cross currency conversion fees, in collaboration with MasterCard Worldwide.

Wockhardt: The pharma company got a regulatory boost after the UK drug regulatory authority (MHRA) cleared its Maharashtra-based Chikalthana facility lifting import restrictions completely. 

Coal India records 30 MT rise in off-take during April-November

Overall, CIL recorded 8.8 per cent growth in production at 321.38 MT during April-November 2015-16 while the off-take jumped by 9.8 per cent.

Coal India Ltd. (CIL) recorded an increase of 30 million tonnes (MT) in its off-take during April-November this year as against 12 MT during the same period last year.

Overall, CIL recorded 8.8 per cent growth in production at 321.38 MT during April-November 2015-16 while the off-take jumped by 9.8 per cent.

CIL started FY16 with 5 million tonnes of additional inventory at 53.47 MT. As on November 30, the inventory stands similar to last year at 33.84 MT. This includes nearly 2 MT of stock added in November.

The increased supply has led to a 21-day fuel inventory at thermal power stations, reports a business daily.

This is nearly three times higher than last year. Only one utility has reported critical fuel stock this year as against 50 in 2014.

"After steadying the growth in the twin performance parameters of production and off-take, our aim is to supply quality coal to our consumers. Sizing, washing and grade matching our coal supply are primary tasks before us," according to one official

Sensex, Nifty to open on a weak note

ECB is expected to announce more stimulus for the eurozone today with an aggressive expansion of its bond-buying program. Whether it cuts interest rates remains to be seen. Global cues are weak. The Dow lost 0.9% while S&P 500 fell 1.1%. Nasdaq shed 0.6%

The downpour in Chennai has hurt IT operations and affected a couple of auto companies besides of course bringing most activities in the city to a standstill. The market has its own share of worries to tide over. Indian rupee remained under pressure, weighed by usual concerns of a Fed rate hike. Fed Forward rate curves are now suggesting 75% probability of a move on the rates. The volatility will increase as we move towards December 16th Fed policy meeting. Fed Chief Janet Yellen indicated that a December rate hike is likely. Yellen elaborated that if Fed procrastinates the process of policy normalization then the central bank will be compelled to tighten monetary policy relatively rapidly in order to avert certain economic parameters from substantially exceeding the prescribed limits.  Although 25 basis hike on December 16th is a done deal, there are still concerns of Fed getting aggressive if the economy shows signs of successfully absorbing the first rate hike.

The outlook is a weak start. ECB is expected to announce more stimulus for the eurozone today with an aggressive expansion of its bond-buying program. Whether it cuts interest rates remains to be seen. Global cues are weak. The Dow lost 0.9% while S&P 500 fell 1.1%. Nasdaq shed 0.6%. Dena Bank could be in focus as it considers raising funds via equity.

India received $16.6 billion in foreign direct investment in the first half of the current fiscal, a 13% increase from $14.69 billion recorded a year ago, data released by the Department of Industrial Policy and Promotion (DIPP) showed.

The Union cabinet has given ex-post facto approval to the changes in the foreign direct investment (FDI) policy in 15 sectors announced and notified last month. The government had raised the foreign investment limit for some sectors, eased the conditions for others and put many on the automatic route in a significant policy drive on November 10, says a report.

Coal India Ltd. (CIL) recorded an increase of 30 million tonnes (MT) in its off-take during April-November this year as against 12 MT during the same period last year.

The Government has decided to order a test of all diesel passenger car models in the country in the next six months to check for possible violations of emission norms.

The Government has ordered a forensic probe into the alleged financial irregularities in outward foreign remittances of ~INR 6,000 crore from a Bank of Baroda branch.

The Government on Wednesday said that it has no plans to disinvest stake in BSNL and MTNL.

Chennai rains came down heavily on software companies as BSE IT ended in red on Wednesday, dropping nearly 1% to Rs. 10849.09. The heavy showers seem to have affected the functioning of the software firms considerably, despite the companies adopting the Business Continuity Plan.

Heavy industries and public enterprises minister Anant Geete reportedly said Volkswagen was guilty of fitting emission cheating software in Indian cars, calling it a "well thought-out" crime.

Aditya Birla Nuvo Limited has announced that Sun Life Financial will increase its stake in the life insurance joint venture, Birla Sun Life Insurance from 26% to 49% at an investment of  Rs. 1,664 Crore, subject to the requisite approvals.

The Reserve Bank of India has notified that Non Resident Indians (NRIs) can invest up to 24% of the paid up capital of M/s TV Today Networks Ltd. under the Portfolio Investment Scheme (PIS).