Here are stocks that are in the news today:
Vedanta: Board approved 2nd interim dividend of Rs 1.85 per share i.e. 185 percent on face value of Re 1 for the financial year 2018-19.
Varroc Engineering: Step down subsidiary Varroc Lighting Systems, Poland opened new Research & Development Centre.
Asian Granito India: Board approved the issue of 50 lakh convertible warrants at a price of Rs 180 per convertible warrants to promoter, promoter group and non-promoters. Board also approved the overall limit of Rs 300 crore for related party transaction with subsidiary company Crystal Ceramic Industries Private Limited.
Odisha Cement clarified that company never authorised allied to transfer, use or pledge these securities, in any manner whatsoever, as margin or otherwise, for the benefit of any person or entity, at any point in time
Biocon: USFDA concluded a pre-approval inspection of company's insulin drug substance manufacturing facility triggered by a New Drug Application submitted by insulin AP/customer. The inspection at the Bengaluru facility took place between February 25-March 5, resulting in a Form 483 with six observations.
MEP Infrastructure Developers: Promoter released a pledge on 38 lakh shares (representing 2.07 percent of total paid-up equity).
Development management agreement between Raymond & Colorplus Realty has been mutually terminated with effect from March 5, 2019
Reliance Capital
CARE has revised its rating to A+ (credit watch with developing implications) for long-term debt programme, market linked debentures and subordinated debt of the Company
Jayant Agro-Organics: Promoter Jayant Finvest increases stake in company by 3.22 percent to 58.93 percent.
Ajmera Realty & Infra India: Promoter ARIIL Trust raises stake in company by 2.78 percent to 52.81 percent.
Leel Electricals: Bharat Raj Punj, Managing Director of the company has tendered his resignation due to his personal and professional reasons.
GE Power India's managing director Andrew H. DeLeone has submitted his resignation due to personal circumstances
Himachal Futuristic Communications: Company bags orders of Rs 117 crore for supply of optical fibre cables from Tata Project.
Asahi Songwon Colors: Plant operations of CPC crude blue plant at Padra, Vadodara have been restarted after planned shutdown for periodic maintenance.
HDFC: Board approved the payment of interim dividend of Rs 3.50 per share for the financial year ending March 2019.
Sun TV Network board meeting on March 8 to consider interim dividend
Cyient: Company selected by UK Power Networks to develop an outage planning portal.
HSIL: Reliance MF cuts its stake in company by 0.65 percent to 4.47 percent.
Omaxe: Vijayalaxmi, Chief Operating Officer of the company has resigned from the company due to personal reason.
LT Foods: Company decided to make an investment of Rs 20 crore in the form of preference shares in its majority owned subsidiary company Daawat Foods Limited (DFL) to strengthen the balance sheet of DFL and improve its current ratio.
Relaxo Footwears: Promoters cut stake in the company by 1.967 percent to 35.508 percent.
Tata Power: Company crosses the 7 lakh consumer base milestone in Mumbai.
NELCO: Company secures in-flight & maritime connectivity licence from Department of Telecommunications.
Khadim India: Commercial Paper of Rs 30 crore has been redeemed.
Apollo Tricoat Tubes: Company commences commercial production of Tricoat Tubes with advanced Galvant technology at manufacturing facility at Malur.
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Source: Moneycontrol
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