Check out the companies which will be in focus during trade today based on recent and latest news developments.
United Breweries Ltd: Vijay Mallya may offer his shares in United Breweries Ltd (UBL) to partner Heineken to generate cash for a possible settlement with the lenders of the grounded Kingfisher Airlines, reports a national daily.
Hindustan Zinc Ltd: The Board of Directors of the company at its meeting held on March 30, 2016, has declared special golden jubilee dividend @1200% i.e. Rs. 24/- per equity share of Rs. 2/- each for the financial year 2015-16. The amount of dividend will be paid / dispatched to the shareholders within the statutory time period.
Jain Irrigation: Jain Irrigation arm Jain Farm Fresh Foods has raised Rs. 402 crore through equity isuance.
Asian Paints: Asian Paints has decided to enter the adhesives market through a distribution arrangement with Germany’s Henkel Adhesive Technologies, reports a business daily.
OBC: Oriental Bank Of Commerce has informed the Exchange that the Department of Financial Services, Ministry of Finance , Government of India has conveyed its decision to infuse capital funds to the tune of Rs. 300 crore in the Bank by way of preferential allotment of equity in favour the Government of lndia.
NHPC Limited: The company has announced that upon successful trial run of Unit No.# 2 of Teesta Low Dam HE Project Stage IV (4 x 40 MW) at its installed capacity of 40 MW for continuous 12 hours on dated 29.03.2016, the unit No. #2 is hereby declared under commercial operation w.e.f. 00:00 hours of March 31, 2016.
Vijaya Bank: The bank said that the government has approved a capital infusion of Rs.220 crore in lieu of preferential allotment of shares.
Wipro Limited: Wipro announced the appointment of Patrick Dupuis, an experienced financial and business strategist, recognized for driving cultural and operational transformation at scale, to its Board of Directors as an Independent Director, effective April 1, 2016.
MEP Infrastructure Developers: The company has announced that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd has been declared as the Successful Bidder [L1] by MORTH (Ministry of Road Transport and Highways].
Brigade Ent: Brigade Group and GIC has announced the acquisition of an 16 acre property in Chennai from Kansai Nerolac Paints Ltd for a sale consideration of Rs. 537.86 crore.
Adani Transmission: The company is planning to raise Rs 3,000 crore or more via masala bonds, says report.
Reliance Capital: The company announced the completion of additional 23% stake sale in Reliance Life Insurance to Nippon Life Insurance. Reliance Capital Ltd has announced that it has bought back listed, secured, fixed Non-Convertible Debentures.
Aurobindo Pharma: The pharma company announced that it has received USFDA’s approval for Vancomycin Hydrochloride.
Natco Pharma: Board of Directors of Natco Pharma has approved the sale of Save Mart Pharmacy Stores located in USA which is a non-core business of the Company.
Tata Steel: Standard & Poor's Ratings Services said that Tata Steel Ltd.'s (BB-/Stable/--) plan to restructure its U.K. operations, which could include potential divestment, will be positive for the credit profile of the company.
SBI: Consortium of banks led by State Bank of India confirmed receipt of an offer for settlement of dues from Kingfisher Airlines Ltd. The bank along with other consortium members, will examine the same.
PVV Infra: The company has received work order from CPWD – BUVANESHWAR, in the State of ODISHA, for Supply & Installation Prefab Toilets Units, under SWACHCH BHARAT ABHIYAAN.
SMS Pharmaceuticals: The board of directors of SMS Pharmaceuticals to considered the report of the independent committee and approved in principle to initiate the process of demerger of the company based on its regulatory and non- regulatory units.
Vakrangee: Vakrangee Ltd has partnered with My Mobile Payments Limited (MMPL) for Bill Payment Collection Services under its E-Governance Business.
ONGC: Standard & Poor's Ratings Services said today that its rating on Oil And Natural Gas Corp. Ltd is unaffected by the company's US$5 billion investment plan for the Krishna Godavari (KG) basin on the east coast of India.
Bharti Airtel Ltd: The telecom company has introduced 4G Services in Goa, according to reports.
Bharat Heavy Electricals Limited: BHEL has achieved one more milestone by successful commissioning a 250 MW coal-based thermal power plant (TPP) in Bihar.
Union Bank of India: Government-owned Union Bank of India has raised Rs. 1,000 crore bonds on private placement basis.
Shree Cement Ltd: The company has commissioned Autoclaved Aerated Concrete (AAC) Blocks Project having a capacity of 3 Lakh Cubic Meter Per Annum at Sikandrabad, Bulandshahr in Uttar Pradesh on March 29, 2016.
Suzlon Energy: The company said it has bagged a new turnkey order of 48.30 megawatt (Mw) wind power project from Indian Oil Corporation Ltd (IOCL).
Hindustan Zinc Ltd: The Board of Directors of the company at its meeting held on March 30, 2016, has declared special golden jubilee dividend @1200% i.e. Rs. 24/- per equity share of Rs. 2/- each for the financial year 2015-16. The amount of dividend will be paid / dispatched to the shareholders within the statutory time period.
Jain Irrigation: Jain Irrigation arm Jain Farm Fresh Foods has raised Rs. 402 crore through equity isuance.
Asian Paints: Asian Paints has decided to enter the adhesives market through a distribution arrangement with Germany’s Henkel Adhesive Technologies, reports a business daily.
OBC: Oriental Bank Of Commerce has informed the Exchange that the Department of Financial Services, Ministry of Finance , Government of India has conveyed its decision to infuse capital funds to the tune of Rs. 300 crore in the Bank by way of preferential allotment of equity in favour the Government of lndia.
NHPC Limited: The company has announced that upon successful trial run of Unit No.# 2 of Teesta Low Dam HE Project Stage IV (4 x 40 MW) at its installed capacity of 40 MW for continuous 12 hours on dated 29.03.2016, the unit No. #2 is hereby declared under commercial operation w.e.f. 00:00 hours of March 31, 2016.
Vijaya Bank: The bank said that the government has approved a capital infusion of Rs.220 crore in lieu of preferential allotment of shares.
Wipro Limited: Wipro announced the appointment of Patrick Dupuis, an experienced financial and business strategist, recognized for driving cultural and operational transformation at scale, to its Board of Directors as an Independent Director, effective April 1, 2016.
MEP Infrastructure Developers: The company has announced that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd has been declared as the Successful Bidder [L1] by MORTH (Ministry of Road Transport and Highways].
Brigade Ent: Brigade Group and GIC has announced the acquisition of an 16 acre property in Chennai from Kansai Nerolac Paints Ltd for a sale consideration of Rs. 537.86 crore.
Adani Transmission: The company is planning to raise Rs 3,000 crore or more via masala bonds, says report.
Reliance Capital: The company announced the completion of additional 23% stake sale in Reliance Life Insurance to Nippon Life Insurance. Reliance Capital Ltd has announced that it has bought back listed, secured, fixed Non-Convertible Debentures.
Aurobindo Pharma: The pharma company announced that it has received USFDA’s approval for Vancomycin Hydrochloride.
Natco Pharma: Board of Directors of Natco Pharma has approved the sale of Save Mart Pharmacy Stores located in USA which is a non-core business of the Company.
Tata Steel: Standard & Poor's Ratings Services said that Tata Steel Ltd.'s (BB-/Stable/--) plan to restructure its U.K. operations, which could include potential divestment, will be positive for the credit profile of the company.
SBI: Consortium of banks led by State Bank of India confirmed receipt of an offer for settlement of dues from Kingfisher Airlines Ltd. The bank along with other consortium members, will examine the same.
PVV Infra: The company has received work order from CPWD – BUVANESHWAR, in the State of ODISHA, for Supply & Installation Prefab Toilets Units, under SWACHCH BHARAT ABHIYAAN.
SMS Pharmaceuticals: The board of directors of SMS Pharmaceuticals to considered the report of the independent committee and approved in principle to initiate the process of demerger of the company based on its regulatory and non- regulatory units.
Vakrangee: Vakrangee Ltd has partnered with My Mobile Payments Limited (MMPL) for Bill Payment Collection Services under its E-Governance Business.
ONGC: Standard & Poor's Ratings Services said today that its rating on Oil And Natural Gas Corp. Ltd is unaffected by the company's US$5 billion investment plan for the Krishna Godavari (KG) basin on the east coast of India.
Bharti Airtel Ltd: The telecom company has introduced 4G Services in Goa, according to reports.
Bharat Heavy Electricals Limited: BHEL has achieved one more milestone by successful commissioning a 250 MW coal-based thermal power plant (TPP) in Bihar.
Union Bank of India: Government-owned Union Bank of India has raised Rs. 1,000 crore bonds on private placement basis.
Shree Cement Ltd: The company has commissioned Autoclaved Aerated Concrete (AAC) Blocks Project having a capacity of 3 Lakh Cubic Meter Per Annum at Sikandrabad, Bulandshahr in Uttar Pradesh on March 29, 2016.
Suzlon Energy: The company said it has bagged a new turnkey order of 48.30 megawatt (Mw) wind power project from Indian Oil Corporation Ltd (IOCL).
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