Stocks in news
Hero MotoCorp increases stake in its Colombia joint venture to 68% from 51 %.
M&M & Ford sign MoUs to co-develop mid-size and compact SUV, EV and connected car solutions.
Balesh Sharma to be CEO of Idea-Vodafone merged entity.
REC board approved Rs 60000 crore market borrowing plan for FY19.
Vedanta Ltd has proposed to ramp up capacity of its aluminium smelter unit at Jharsuguda (Odisha) from 1.6mtpa to 1.8 mtpa at a cost of Rs 12.4 billion. The company’s proposal came up for scrutiny of the State Level Single Window Clearance Authority (SLSWCA).
Tata Motors and a joint venture between Goldstone Infratech and BYD of China have bagged orders to supply electric buses to nine of the 10 cities that had invited tenders in the past two months as part of a pilot partly funded by the central department of heavy industries
MCX to start brass futures trading next week
JSPL has approved allotment of 5.15Cr shares to different QIP at Rs. 233 per share. CMP 225
United Spirits Ltd has informed BSE that the Board of Directors of the Company, inter-alia, are going to consider ‘Sub-division of the equity shares of the Company of face value of Rs 10 each’ in such manner as may be decided by the Board at their meeting scheduled to be held on April 13, 2018.
JSW Energy Limited has secured a PPA of 200MW with Punjab State Power Corporation Limited to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company Ltd., a 100% subsidiary of the Company. With this, the long term PPA proportion of the Company on a consolidated basis has increased from 69.3% at end of Q3FY18 to 73.8% currently.
Shalimar Paints Limited has approved Rights Issue of 35,52,370 Equity Shares for cash at the price of Rs. 140/- per share including premium aggregating to Rs. 4,973.32 Lakhs by the Company.
German chemical major Covestro awards L&T Technology Services Multi-Million Dollar ER&D project.
Indraprastha Gas has announced a cut of Rs 3.15 a kilogram in the retail price of CNG it supplies to Noida, Greater Noida and Ghaziabad.
Schaeffler India said shareholders and creditors vote for merger of INA India, LuK India with self.
20 Microns subsidiary filed DRHP for IPO.
SQS India said German subsidiary completed winding process; awaits tax refund pending with German authorities.
Dilip Buildcon has received a letter of award from NHAI for a new EPC project valued at Rs. 677.07 Cr from the state of UP.
(Source: Nirmal bang report)