STOCKS ALERT – 23.06.2014
* ASTRAZENECA PHARMA INDIA: Shareholders of the company have approved
the voluntary delisting offer of the company.
* BAJAJ AUTO: Is sticking for now to its plan of starting sales of
its quadricycle RE60 from Oct 1, which is currently the expected date
of approval for the category.
* BANK OF INDIA: Has sought capital infusion of 20 bln rupees from
the government, out of the total capital requirement of 45 bln rupees
in 2014-15 (Apr-Mar).
* CIPLA: The company's investment arm Cipla New Ventures plans to
launch a healthcare fund, which has reportedly got a lot of interest
from investors. However, the legal structure of the fund has not yet
been defined.
* DIVI's LABORATORIES: The US Food and Drug Administration inspected
the company's Hyderabad unit during Jun 16-20 and made no
observations.
* DR DATSONS LABS: Heshika Growth has sold 507,539 shares or 1.6%
stake in the company at 16.86 rupees a share.
* EMAMI: Has acquired sanitary napkin brand 'She Comfort' from
Mumbai-based Royal Hygiene Care Pvt Ltd.
* ENGINEERS INDIA: Got project management consultancy service
contract from Nigeria-based Brass Fertilizer Co Ltd for upcoming
integrated gas-based fertiliser complex.
* ESSAR OIL: Essar Group plans to de-list the company's shares from
Indian stock exchanges.
* FINANCIAL TECHNOLOGIES: A lower court said it would pass an order
on bail application of Chairman and Chief Executive Officer Jignesh
Shah and MULTI-COMMODITY EXCHANGE OF INDIA'S former chief financial
officer Sreekanth Javalgekar on Tuesday
* GAMMON INFRASTRUCTURE PROJECTS: The board of directors of the
company has approved rising up to 5 bln rupees via a qualified
institutional placement of shares.
* HSIL: Is planning to set up a third manufacturing plant in the
country in Gujarat, at an investment of about 1.5 bln rupees, taking
its combined capacity to 5 mln units per annum by the end of 2016.
* ITC: Plans to increase its focus on premium personal care products
and packaged foods brands to improve profitability in the current
fiscal.
* JET AIRWAYS INDIA: Abdulrahman Albusaidy, chief of strategy and
planning, and Mohammad Ali El Ariss, head of cargo, have quit.
* LUPIN: Gets US Food and Drug Administration approval for emergency
contraceptive pill Fallback Solo.
* OBEROI REALTY: Will partner Mariott International to open Mumbai's
first Ritz-Carlton hotel as part of a slum redevelopment that
includes luxury homes.
* OIL AND NATURAL GAS CORP: ONGC Videsh has signed a memorandum of
understanding with Turkish Petroleum Corp for cooperation in the
hydrocarbon sector.
* ORIENTAL BANK OF COMMERCE: Shareholders have approved the proposed
qualified institutional placement of shares worth up to 5 bln rupees.
* POWER FINANCE CORP: Has asked the Delhi Electricity Regulatory
Commission to agree to fairly stiff conditions if it is to give a
140-bln-rupee loan to two distributing companies in New Delhi.
* REDINGTON INDIA: Columbia Asset Management Co has sold 2.33 mln
shares or 0.6% in the company via Columbia Acorn Fund at 97 rupees
per share.
* STATE BANK OF TRAVANCORE: Has decided to cut the size of its rights
issue of shares to 4.85 bln rupees from 6.29 bln rupees approved
earlier.
* STEEL AUTHORITY OF INDIA: Plans to appoint a safety audit firm to
prevent further accidents.
* SKS MICROFINANCE: Westbridge Ventures II cut its stake in the
company to 4.0% from 5.2% on Thursday.
* UNITED SPIRITS: Diageo may make higher provisions for loans given
by the company.
* UTTAM VALE STEELS: Will mull demerging its engineering division to
Lloyds Steels Industries on Wed.
* WHIRLPOOL OF INDIA: Eyeing an over six-fold jump in revenues from
kitchen appliances in three-four years, and expects to record 300 mln
rupees turnover in 2014-15 (Apr-Mar).
* ASTRAZENECA PHARMA INDIA: Shareholders of the company have approved
the voluntary delisting offer of the company.
* BAJAJ AUTO: Is sticking for now to its plan of starting sales of
its quadricycle RE60 from Oct 1, which is currently the expected date
of approval for the category.
* BANK OF INDIA: Has sought capital infusion of 20 bln rupees from
the government, out of the total capital requirement of 45 bln rupees
in 2014-15 (Apr-Mar).
* CIPLA: The company's investment arm Cipla New Ventures plans to
launch a healthcare fund, which has reportedly got a lot of interest
from investors. However, the legal structure of the fund has not yet
been defined.
* DIVI's LABORATORIES: The US Food and Drug Administration inspected
the company's Hyderabad unit during Jun 16-20 and made no
observations.
* DR DATSONS LABS: Heshika Growth has sold 507,539 shares or 1.6%
stake in the company at 16.86 rupees a share.
* EMAMI: Has acquired sanitary napkin brand 'She Comfort' from
Mumbai-based Royal Hygiene Care Pvt Ltd.
* ENGINEERS INDIA: Got project management consultancy service
contract from Nigeria-based Brass Fertilizer Co Ltd for upcoming
integrated gas-based fertiliser complex.
* ESSAR OIL: Essar Group plans to de-list the company's shares from
Indian stock exchanges.
* FINANCIAL TECHNOLOGIES: A lower court said it would pass an order
on bail application of Chairman and Chief Executive Officer Jignesh
Shah and MULTI-COMMODITY EXCHANGE OF INDIA'S former chief financial
officer Sreekanth Javalgekar on Tuesday
* GAMMON INFRASTRUCTURE PROJECTS: The board of directors of the
company has approved rising up to 5 bln rupees via a qualified
institutional placement of shares.
* HSIL: Is planning to set up a third manufacturing plant in the
country in Gujarat, at an investment of about 1.5 bln rupees, taking
its combined capacity to 5 mln units per annum by the end of 2016.
* ITC: Plans to increase its focus on premium personal care products
and packaged foods brands to improve profitability in the current
fiscal.
* JET AIRWAYS INDIA: Abdulrahman Albusaidy, chief of strategy and
planning, and Mohammad Ali El Ariss, head of cargo, have quit.
* LUPIN: Gets US Food and Drug Administration approval for emergency
contraceptive pill Fallback Solo.
* OBEROI REALTY: Will partner Mariott International to open Mumbai's
first Ritz-Carlton hotel as part of a slum redevelopment that
includes luxury homes.
* OIL AND NATURAL GAS CORP: ONGC Videsh has signed a memorandum of
understanding with Turkish Petroleum Corp for cooperation in the
hydrocarbon sector.
* ORIENTAL BANK OF COMMERCE: Shareholders have approved the proposed
qualified institutional placement of shares worth up to 5 bln rupees.
* POWER FINANCE CORP: Has asked the Delhi Electricity Regulatory
Commission to agree to fairly stiff conditions if it is to give a
140-bln-rupee loan to two distributing companies in New Delhi.
* REDINGTON INDIA: Columbia Asset Management Co has sold 2.33 mln
shares or 0.6% in the company via Columbia Acorn Fund at 97 rupees
per share.
* STATE BANK OF TRAVANCORE: Has decided to cut the size of its rights
issue of shares to 4.85 bln rupees from 6.29 bln rupees approved
earlier.
* STEEL AUTHORITY OF INDIA: Plans to appoint a safety audit firm to
prevent further accidents.
* SKS MICROFINANCE: Westbridge Ventures II cut its stake in the
company to 4.0% from 5.2% on Thursday.
* UNITED SPIRITS: Diageo may make higher provisions for loans given
by the company.
* UTTAM VALE STEELS: Will mull demerging its engineering division to
Lloyds Steels Industries on Wed.
* WHIRLPOOL OF INDIA: Eyeing an over six-fold jump in revenues from
kitchen appliances in three-four years, and expects to record 300 mln
rupees turnover in 2014-15 (Apr-Mar).
