Traders working on their desk. (Photographer: Jerome Favre/Bloomberg)
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, was little changed at 9,213.
Your Tuesday morning briefing.https://t.co/2QmJyDTylL pic.twitter.com/Nm6RFUkXSQ
Here are the stocks to watch out for in today's session:
Aditya Birla Nuvo
- 95.5 percent shareholders approve composite scheme of arrangement between AB Nuvo, Grasim Industries and Aditya Birla Financial Services
- 83.6 percent shareholders voted in favour of the resolution, excluding promoter vote
Aditya Birla Nuvo shareholders sign off on Grasim merger plan.https://t.co/GAYkUbMhVf pic.twitter.com/vnZaLX1KyY
Dredging Corporation of India
- Unions representing the non-executives, crew and petty officer of company have given call for one day strike on April 11, 2017
- Strike called for in protest against the rumours of the strategic sale of the company
- Unions have been requested by the management to withdraw the strike
- Regional Labour Commissioner has advised the unions to not go on strike since the matter is under conciliation
- Company has taken steps for alternative arrangements for smooth operations
Suzlon Energy
- Won a repeat order of 50.40 MW wind power project from a leading IPP company
- Project will be completed by June 2017
- Will execute the entire project on a turnkey basis and will also provide operation and maintainence services
- This is the company's maiden order for 24 units of its new S111 120m hybrid wind turbine generator
Aarti Industries
- Board of Directors have approved an investment of Rs 75 crore to set up a R&D, scale-up and innovation complex at Jhagadia in Gujarat
- The facility will be spread over an area of 50,000 square feet and equipped with the state-of-the-art equipment and analytical tools
Goodluck India
- Coming up with a new manufacturing facility for its existing line of business at Sikra village in Gujarat
- Proposed facility will add in approximately 72,000 million tonnes per annum in the company's total production capacity
- Total investment of Rs 74 crore will be met by debt and internal accruals
- Plant is expected to be commissioned by April 2018
ITC wants more...https://t.co/RXYM5tfFpP
Hindustan Composites
- Board of Directors approve the stock split in the ratio of 1:2
- One equity share of Rs 10 will be sub-divided into two equity shares of Rs 5 each
- Board also approved bonus issue in the ratio 1:2
- Bonus shares will be issued post the stock split
Indian Hume Pipe Company
- Wins order worth Rs 109.64 crore from the Public Health Engineering Department of the Government of Rajasthan
- Order to execute the work of re-organization of Urban water supply scheme at Alwar and Bhiwadi towns
- Project to be completed in 24 months
India's oil consumption fell for a third straight month.@saketsundria @DhwaniPandya find out whyhttps://t.co/IQKRS4dnUZ pic.twitter.com/o3RslTDHnA
- Spice Mobility: Seeks shareholder approval to sell stake in wholly-owned Kimaan Exports Pvt. Ltd. to Spice Digital Ltd., another subsidiary for Rs 62.76 crore
- Redington (India): Overseas step-down subsidiary, M/s Arena Bilgisayar Sanayi Ve Ticaret A.S decides to sell its entire holding of 51 percent in its subsidiary M/s Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey for $1.65 million
- Jaypee Infratech: Says the allegation in the FIR is wrong as the company had already obtained the requisite approvals for its project in Gautam Budh Nagar in 2013
- Majesco: A two-tier speciality insurer renews application management service agreement for a period of three years to support various key operational systems
- Capital First: Debenture committee of the board of directors to meet on April 13, 2017 to consider and approve the private placement of Non-Convertible Debentures.
- JK Paper: To consider issue of equity shares consequent to conversion of foreign currency convertible bonds of 2.4 million euros on April 12, 2017
- Indiabulls Ventures: Allotted 3.36 crore fully paid up equity shares to promoter group entities, CEO and whole-time director upon conversion of equivalent number of warrants.
- Sagar Cements: Total consolidated sales for March 2017 grew 18.3 percent to 2,83.785 million tonnes.
- Somany Ceramics: Franklin Templeton MF buys 3.4 percent stake at Rs 680 per share
- Archies: Equity Intelligence India buys 1.2 percent stake at Rs 29.15 per share
Reliance Jio not playing fair, says Vodafone.https://t.co/XSZiRXzxZa
Media Reports
- Bharati Defence: Creditors propose an infusion of Rs 400 crore and propose to rejig management. Edelweiss owns 85 percent of the Rs 10,000 crore debt of the company. (Economic Times)
- IDBI Bank, Central Bank of India: Sell loans worth Rs 30,000 crore to meet capital norms. Despite sale, banks may fail to meet minimum capital requirement. (Economic Times)
- Rural Electrification Corporation: looking to finance coal block development, power plant renovations. (Economic Times)
- Tata Elxsi: Looking to set up R&D unit in Bengaluru along with Panasonic. (Financial Express)
- Axis Bank: Cuts base rates by 10 basis points. (Financial Express)
- Phoenix Mills: Looks to double its mall portfolio investments to Rs 3,500-4,000 crore. (Business Standard)
- GTL Infra: Banks to convert debt to equity post merger with company's Chennai network. (Business Standard)
- Coal India: Had stockpiles of 68.6 million tonnes as of March 31, 2017, says Piyush Goyal. (Bloomberg)
- JSW Steel: Says spike in coking coal from Australia is temporary. (Bloomberg)
.@Flipkart will grow with ‘careful consideration to costs', says Binny Bansal.https://t.co/O6jIFuHtZf pic.twitter.com/06RUWE1LoN
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