Here are stocks that are in the news today:
Pfizer: Parent company Pfizer Inc USA and GlaxoSmithKline plc entered into an agreement to create a premier global consumer healthcare company.
TCS: Company launched next-generation private cloud in Canada.
Canara Bank: Board decided to raise additional Tier I capital through Basel III compliant additional Tier I perpetual bonds in rupee terms for an amount not exceeding Rs 3,000 crore in single tranche or in multiple tranches, depending on the market conditions & subject to necessary approvals.
Allcargo Logistics board decided to explore the emerging business opportunities related to Container Freight Stations, Inland Container Depots and Logistics Parks in India.
Bhagyanagar India: CARE assigned BBB+/Stable rating for long term bank facilities.
Cummins India: Company appointed Anjuly Chib Duggal as Non-Executive Independent Director.
Syndicate Bank: The bank allotted 18,36,99.217 equity shares for cash at an issue price of Rs 239.63 per share to Government of India. With this allotment, shareholding of government increased from 73.07 percent to 76.16 percent.
Om Metals bags Rs 615.16 crore EPC contract from water resources department, Government of Rajasthan
Religare Enterprises' (REL) subsidiary Religare Finvest has filed a criminal complaint with the Economic Offences Wing of the Delhi Police against the promoters of REL Malvinder Mohan Singh and Shivinder Mohan Singh as well as REL’s former CMD, Sunil Godhwani, N.K. Ghosha
Reliance Communications - NCLAT hearing on Ericsson and Reliance Infratel (RITL) minoirty investors petition related matter adjourned to January 22, 2019
Vesuvius India: Subrata Roy will step down as Managing Director of the company as he will pursue new responsibilities within the Vesuvius Group. Ritesh Dungarwal is appointed as Managing Director.
Techno Electric & Engineering Company: Shareholding SBI Mutual Fund on December 4 stood at 8.05 percent after amalgamation.
Wockhardt - Capital raising committee meeting will be held on December 22, 2018 to consider and approve fund raising
Gujarat Gas: January 16 has been fixed as the record date for determining the eligibility ofshareholders, with regard to sub-division of company's equity shares.
Orient Electric launching a new range of lifestyle portable fans
Jubilant Industries: Finance Committee of the company approved the allotment of 18 lakh equity shares at issue price of Rs 135.95 per share and 13 lakh convertible warrants, at issue price of Rs 135.95 each to the members of the promoter group of the company by way of preferential allotment on a private placement basis.
Uflex presents 'The Next Big Thing in pharma packaging
Quess Corp/Thomas Cook - Approved the amendments in the Composite Scheme of Arrangement and Amalgamation between Thomas Cook (TCIL), Quess Corp, subsidiaries of TCIL and their respective shareholders
Endurance Technologies: After favourable court order, company will announce a suitable compensation package for all its eligible permanent workmen employed on the rolls of the plant in Manesar, Haryana and discontinued operations of the said plant with immediate effect.
Manappuram Finance: The Financial Resources and Management Committee of the Company approved the allotment of 42,309 unlisted unrated secured redeemable non-convertible debentures having face value of Rs 1000 each for Rs 4,23,09,000 on private placement basis.
Alembic Pharma - USFDA conducted an inspection at company's API Facility located at Panelav from December 17 to 19. Issued zero 483s
ICICI Lombard takes the Artificial Intelligence (AI) route for instant renewal of expired motor insurance policies
Thomas Cook: Board has unanimously approved the amendments in the Composite Scheme of Arrangement and Amalgamation between Thomas Cook (India), Quess Corp Limited, Travel Corporation (India), TC Forex Services Limited (formerly known as Tata Capital Forex Limited), TC Travel Services Limited and SOTC Travel Management Private Limited and their respective shareholders.
BGR Energy Systems: CARE revised rating on long term bank facilities worth Rs 3,076 crore to BBB/Stable from BBB+/Negative.
Sarup Industries: Board considered the resignation Chakkarvarti Sharma from the post of Chief financial Officer of the company.
DFM Foods - CARE assigned A Stable rating to long term bank facilities
Subros - ICRA has upgraded the long term ratings and reaffirmed the short term ratings
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Source: Moneycontrol
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