Stocks in news
Cabinet approves raising of additional share capital of HDFC Bank up to a maximum of Rs 24,000 crore.
ICICI Bank to sell up to 2.87 crore shares or 2% equity in ICICI Prudential Life Insurance through stock exchange mechanism.
Lupin launches generic Tobramycin Inhalation Solution USP in the U.S.
Cipla received final U.S. FDA approval for generic Isuprel injection.
The Board of Directors of Oberoi Realty has approved an issue of shares under QIP programme. The issue was opened on 13.06.2018 and the floor price for the same has been Rs. 509.29 per share. The board will meet on 19.06.2018 for finalizing the issue price.
Kansai Nerolac starts commercial production at Gujarat unit.
Hindustan National Glass to sell 11.23% stake in HNG Float Glass joint venture for $19.3 million.
Infosys partners Rhode Island School to train 1,000 designers in 2 yrs.
HCL seeks govt approval for IT SEZ in Andhra Pradesh; to invest over $4 bn.
Tata Power: It has signed a power purchase agreement with GE for 5 MW solar projects.
Adani Transmission: The firm has received a letter of intent of one Intra State Transmission Project in Uttar Pradesh.
Container Corp and Bangalore Airport Terminal Services signed MOU to work together for providing Ground Handling and various other airport related services on PAN India basis.
(Source: Nirmal Bang report)