STOCKS IN NEWS
Trident Ltd has proposed expansion plans in the State of Madhya Pradesh with the total capital outlay in the tune of Rs 7200 crore in phased manner:
CCI approved the acquisition of Reliance Communication’s towers, optic fibre cable, right to use spectrum and media convergence nodes by Reliance Jio.
Bhushan Steel clarified that Chairman BB Singhal appeared before SFIO on March 8.
Dolphin Offshore Enterprises bagged order worth Rs 6.75 crore from RAL, Malaysia.
Power Grid won contract to establish transmission system for “New WR-NR 765 kV Inter-Regional Corridor”.
Bharat Wire Ropes seeks to raise Rs 50 crore via equity or debt.
Bharti Airtel received NCLT approval for merger of Telenor with self.
ARSS Infrastructure bagged work order worth Rs 15.44 crore.
Amber Enterprises to acquire 70 % in Ever Electronics.
MOIL approved the setting up ferro alloy plants at Balaghat and Gumgaon for Rs 418.8 crore.
Peninsula Land to acquire additional 6.4 % stake in Hem Infra for Rs 13.79 crore.
Aarti Drugs said that its unit in Tarapur MIDC got affected by explosion. The affected plant contributed about 16 % to the company's total revenue as of Dec. 31.
ONGC to sell stake in Gujarat Petrochem project to fund HPCL acquisition.
Arvind promoter Aura Securities pledged 42.50 lakh shares, or 1.64 % stake in favor of Bajaj Finance against loan to be availed.
Avanti Feeds, Apex Frozen Foods, Waterbase: U.S. Department of Commerce has suggested a hike in anti-dumping duty on Indian shrimp to 2.34 %from 0.84%. Indian shrimp exporters subject to new rates.
Consortium of Jet Airways, France-KLM and Delta is understood to have expressed interest in national carrier Air India (PTI).
Spice Jet signed deal with CFM International for $12.5bn for purchase of LEAP -1B engine order for 155 737 MAX airplanes.Add on long term service agreement
Goa Carbon Revoked suspension for 3 months at Goa plant for manufacturing of upto 20,000 mt of CPC
DHFL proposes to issue NCDs worth Rs 500 cr with an additional Rs 250 cr of greenshoe option
NTPC may buy Bihar State Power Holding Co for Rs 3000cr
(Source: Nirmal Bang)