Tuesday, 20 November 2018

Stocks in the news: Yes Bank, ONGC, Fortis Malar, Kridhan Infra, PSP Projects, Oil India, Jet Airways



Here are stocks that are in the news today:

Fortis Malar Hospitals: Vijayasarathy Desikan, Chief Financial Officer, has resigned from his position.

Escorts: CRISIL assigned the A1+ in respect of commercial paper programme of Rs 100 crore of the company.

Electrosteel Casting: CARE has reaffirmed rating for long term bank facilities of the company at BBB+; Stable.

Future Enterprises: Company acquired 100 percent equity share capital of Ritvika Trading Private Limited (RTPL).

Mandhana Retail Ventures: Hemant Gupta has resigned from the post of Chief Financial Officer and Chief Operating Officer.

Jet Airways - National Aviators Guild, the union of Jet Airways pilots, will meet the airline's senior management on November 20 to discuss payment of pending salaries.

BLS International Services: Company commenced operation of premium services in United Kingdom's new UK Visa and Citizenship Application Services (UKVCAS) centre for applicants applying to extend their residence in the UK.

Kridhan Infra: Kridhan Infra's Singapore Subsidiary Swee Hong Limited (SHL) has successfully won an order for construction of Link Sewers for the DTSS Phase 2 project from the Public Utilities Board, Singapore worth Rs 195 crore.

PSP Projects: Company has bagged new institutional & industrial projects worth Rs 372.47 crore from various clients including two projects of Rs 208.49 crore in which the company has been ranked the L1 bidder (Lowest Bidder) by regulatory authority.

Oil India: Board approves issue of debt securities for aggregate principal amount up to Rs 4,000 crore or equivalent amount in foreign currency, to meet on December 3 regarding share buyback.

Yes Bank: R Chandrasekhar likely to have resigned from the board of the bank. He would be the third member to resign from the board - CNBC-TV18 Sources.

Jumbo Finance: Board approves increase in borrowing limits of company up to Rs 30 crore.

NMDC: Production at Donimalai mine suspended. Suspension of production at the mine is temporary - CNBC-TV18.

IL&FS: The company was unable to service obligations w.r.t. principal & interest to Mudra on November 17 - CNBC-TV18

Usha Martin: Company clarified saying not aware of talks on Basant-Prashant Jhawar to sell majority stake.

South Indian Bank: Bank raises 1 year MCLR to 9.45 percent from 9.35 percent with effect from November 20.

ONGC: Venezuela pays $35 million dividend dues to ONGC Videsh which has 2 projects in Venezuela - CNBC-TV18.

Kamdhenu: CARE assigned A-/Stable for company's long term bank facilities worth Rs 130 crore and A2+ for short term bank facilities worth Rs 20 crore.

Sumeru Industries: Company is proposed to enter into LLP agreement in the capacity of 25 percent of investment and profit sharing ratio. The proposed "Aalps Infraspace LLP" will operate in the field of construction and redevelopment.

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