Here are stocks that are in the news today:

Reliance Industries: Subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) entered into a binding agreement with renewable energy services company Kanoda Energy Systems Private Limited for acquisition of equity shares for a cash consideration not exceeding Rs 75 crore. The said investment upon completion will translate into 88 percent equity stake in KESL on a fully diluted basis.

Cadila Healthcare: Zydus Cadila received the final approval from the USFDA to market Clindamycin Phosphate and Benzoyl Peroxide gel which is used to treat a certain type of acne (inflammatory acne vulgaris).

Amber Enterprises: Promoters of Ever has requested for extension of time limit for completing the Conditions Precedent to enable Amber to acquire balance 51 percent of stake of total Share Capital of Ever. The company so far hold only 19 percent stake in the share capital of EVER. Considering the request, company has extended the timeline to complete the acquisition of balance stake of 51 percent by March 31, 2019 in one or more tranches.

Shilpi Cable Technologies: Shailendra Kumar, Chief Financial Officer has tendered his resignation.

CreditAccess Grameen: Company completed a direct assignment transaction of Rs 176.59 crore. With this transaction, the company has completed 5 securitization transactions and two direct assignment transaction totaling to Rs 909.70 crore in FY19.

AAVAS Financiers: Company received fresh refinance assistance of Rs 400 crore in addition to the approval of undrawn limit of Rs 100 crore pertaining to previous year, in December 2018.

Infibeam Avenues: Share purchase agreement amongst Unicommerce eSolutions Private Limited, Jasper lnfotech Private Limited and the promoters terminated as the conditions precedent were not fulfilled within the stipulated time period.

Butterfly Gandhimathi Appliances: CRISIL reconfirmed the credit rating on long term loan facility and short-term loan of the company.

Cords Cable Industries: CARE reaffirmed its BBB/Stable rating for company's long term bank facilities.

Rane Holdings: Pursuant to company exercising the entire 3,65,630 warrants (convertible into equity shares) held in its subsidiary- Rane (Madras) Limited (RML), the allotment committee of RML allotted equivalent number of equity shares as fully paid-up, to company.

Tasty Bite Eatables: ICRA upgraded long term rating of the company from A- to A and reaffirmed short term rating to A1.

Tata Investment Corporation: Company fixed January 11 as the record date for the purpose of determining the entitlement and the name of the equity shareholders who shall be eligible to participate in the buyback offer of the company.

JK Cement: Company closed its QIP and approved the issue price of Rs 695.80 per equity share.

Syndicate Bank: Government conveyed the sanction of Rs 1,632 crore to the bank towards contribution of the Central Government in the preferential allotment of equity shares.

Bharat Financial Inclusion: Company assigned a pool of receivables of Rs 849.36 crore to one of the largest private sector banks on a direct assignment basis. With this transaction, the company has completed Direct Assignment transactions worth Rs 3,864.91 crore in FY19.

IDBI Bank: Bank allotted 2,38,76,17,322 equity shares to Life Insurance Corporation of India at a price of Rs 60.73 per share aggregating to Rs 14,500 crore (Tranche 1) through preferential issue, as part of the ongoing acquisition of 51 percent controlling stake by LIC in the bank.

HDFC Bank: Bank allotted on a private placement basis 8.44% unsecured, redeemable long term, fully paid-up, non-convertible bonds in the nature of debentures amounting to Rs 6,000 crore.

Torrent Pharmaceuticals: Secured redeemable non-convertible debentures (NCDs) of Rs 166.65 crore out of the total NCDs of Rs 500 crore repaid by the company.

IL&FS Transportation Networks: Interest due and payable on December 28 on the NCDs was not paid to the debenture holders due to insufficient funds.

JSW Energy: CARE reaffirmed ratings on the long term bank facilities at BBB/Stable and on the short term bank facilities at A3 for Barmer Lignite Mining Company Limited, a JV between the company's subsidiary Raj WestPower Limited and Rajasthan State Mines and Minerals Limited. It also reaffirmed rating on the short term bank facilities at A2+ for JSW Power Trading Company Limited, a wholly owned subsidiary of the company.

HT Media: Company launched open offer of up to 1.73 crore shares of Next Media for Rs 27 per share.

Power Grid Corporation entered into a loan agreement for 200 million euros with Germany’s KfW for financing of transmission project for integration of clean energy and system strengthening.

Government conveyed its decision to invest Rs 5,500 crore in Oriental Bank of Commerce by way of preferential allotment. The meeting to consider this capital raise will be held on January 2.

Karnataka Bank raised its deposit interest rate by 10 basis points for domestic and NRE Rupee term deposits to 7.40 percent with effect from December 28.

Piramal Enterprises said it was considering raising Rs 100 crore via NCDs on January 2.

Ashok Leyland changed its object clause in which the company will engage in the business of developing, manufacturing and selling light commercial vehicles up to 7.5 tonne gross vehicle weight, power train for LCVs, and spare parts in India and other countries.

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Source: Moneycontrol