The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.34 percent to 9,080.
Your Thursday morning briefing.https://t.co/q05DBjmM5b pic.twitter.com/A8faM2DOqG
Here are the stocks to watch out for in today's session:
DLF
- Realigns current shareholding in joint venture companies with entities owned by the erstwhile Merrill Lynch Real Estate Fund
- Change for development of seven residential projects in Bengaluru, Chennai, Kochi and Indore
- DLF Home Developers Ltd. no longer holds any stake in DLF Southern Homes Pvt. Ltd. and DLF Homes Rajapura Pvt. Ltd.
- DLF Southern Towns Pvt. Ltd. and DLF Garden City Indore Pvt. Ltd. have become wholly-owned subsidiaries of DLF Home Developers Ltd.
ABG Shipyard says it's in a “deep financial crisis”.https://t.co/pPAs58qP80
Dilip Buildcon
- Signs MoU with Shrem Infraventure Pvt. Ltd. for execution of Tuljapur-Ausa road project
- Shrem to invest 49 percent of the equity share capital in the SPV to be incorporated for the said project
- Dilip Buildcon to hold the remaining 51 percent stake
- Shrem will acquire the remaining 51 percent on completion of two years of commercial operation from the date of commencement
ONGC set to spend $10 billion on India's deep sea projects, reports @JournoDebjit.https://t.co/KX0LhEbddT pic.twitter.com/0oWSSWYnQY
Axiscades Engineering Technologies
- Board approves investment in wholly-owned subsidiaries
- To increase equity of Axiscades GmbH by 1.25 lakh euros in one or more tranches
- To invest Rs 15 crore in Axiscades Aerospace and Technologies Pvt. Ltd.
- Divi's Labs: Receives import alert from U.S. FDA for its Visakhapatnam unit under clause 66-40 and 99-32 of the FDA regulations
- Vedanta: Subsidiary Hindustan Zinc Ltd. declares special interim dividend of Rs 27.50 per share of Rs 2 each for FY17.
Also Read: Hindustan Zinc's Highest Ever Dividend Payout Fails To Meet Government Target
- Bank of Baroda: Allots additional tier-I, Basel-III compliant bonds on private placement basis.
- Speciality Restaurant: Reliance Nippon Life Asset Management sold 0.48 percent stake in the company on March 20, 2017. Current holding stands at 3.19 percent
- Indiabulls Real Estate: Operations committee of the board allots NCDs aggregating Rs 100 crore on March 17, 2017.
- Delta Corp: Board approves proposal to raise Rs 750 crore via QIP
- Indian Overseas Bank: Receives Rs 1,100 crore as capital infusion from the Government of India as part of the turnaround linked capital infusion plan.
- Just Dial: National Company Law Tribunal approves scheme of arrangement between Just Dial Ltd. and Just Dial Global Pvt. Ltd.
- Petron Engineering: Received letter of intent from Shree Cement for civil work at their Gulbarga plant for a total value of Rs 21 crore
- Sadbhav Infra: Declared 'L1' HAM project by the National Highway Authority of India for 4-laning of Waranga to Mahagaon in Maharashtra
- IndusInd Bank: Hinduja Group company IN Entertainment India Ltd. bought 3 lakh shares for Rs 1,378 per share.
- Advanced Enzyme Technologies: Chandrakant Rathi Innovations and Projects Pvt. Ltd. bought 1.37 lakh shares for Rs 2,134.13 per share
- Ceat: Jwalamukhi Investment Holdings bought 14.32 lakh shares for Rs 1,290.35 per shares from Kotak Mahindra (International) Ltd.
India said likely to sell Axis, ITC, Larsen shares in ETF, reports @aantony12.https://t.co/X9ERABQ4hE pic.twitter.com/upTgqQhiXi
Media Reports
- DLF: Completes restructuring of JVs with Blackstone. (Financial Express)
- NTPC: To pay Rs 2,152 crore as interim dividend for FY17. (Financial Express)
- TVS Motor Company: To launch 310 cc bike in 2017-18. (Financial Express)
- Kotak Mahindra Bank: Wants to raise corporate loan share to 40 percent. (Economic Times)
- Oil India: To buyback shares via tender offer process. (Bloomberg)
Bajaj Hindusthan to sell power business for Rs 1,227 crore to group firmhttps://t.co/VnHy9VRYd8 pic.twitter.com/STkXzR9edd
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