Stocks in the news: Panacea Biotec, Bharti Airtel, Fortis, Voltas, Asian Paints, Majesco, Coffee Day

Here are stocks that are in the news today:

Results on April 9: Bajaj Consumer Care, Simplex Projects

Bharti Airtel: SEBI approves company's Rs 25,000 crore fund raising plan - CNBC-TV18 Sources

Panacea Biotec: India Resurgence Fund, promoted by Piramal Enterprises and Bain Capital Credit, along with its affiliates has announced an investment of up to Rs 992 crore in the company.

Usha Martin's CFO Rohit Nanda resigned as the CFO w.e.f. April 9, appointed Anirban Sanyal as the new CFO

Voltas: Company in pact to sell Shima Seiki's products in India.

Fortis Healthcare: Girish Gupta steps down as CFO with immediate effect. Company appoints Vivek Kumar Goyal As Chief Financial Officer.

Fortis Healthcare looking to sale its 27.82 percent stake in Singapore based arm RHT Health Trust

Sun Pharmaceutical Industries' wholly owned subsidiary Sun Pharma Distributors will commence distributing company's formulation products in India, on the same terms as was with AML, in a phased manner upon receipt of requisite regulatory approvals

Quess Corp's staffing business adds 23,000 associates effective April 2019

Prabhat Telecoms (India): Company entered into a distributor agreement with 'Xmi Pte Ltd' (Hong Kong) for distributing telecom accessories and other accessories as manufactured products in Delhi and NCR, Rajasthan, Uttar Pradesh, Arunachal Pradesh, Nagaland, Mizoram, Meghalaya, Manipur, Sikkim, Assam, Tripura and West Bengal of the Republic of India to specific retailors on non-exclusive basis.

Karda Constructions: Company commenced construction of Hari Krishna - Phase IV, a residential cum commercial project in Nashik, Maharashtra. Total saleable area will be 60,548.71 square feet and expected sale proceeds should be around Rs 21.19 crore. The said project will be complete by November 2022.

Indo-Rama Synthetics appointed Maganti Narayan Sudhindra Rao as executive director and CEO for 3 years with effect from April 8.

Coffee Day Enterprises: Impact HD Inc (IHD) to invest $15 million for 49 percent stake in company's subsidiary Coffee Day Consultancy Services Private Limited. After this deal, company and its subsidiary Coffee Day Global will hold 51 percent stake in Coffee Day Consultancy Services Private Limited.

Majesco: Company appointed finance & operations expert Wayne Locke as new CFO.

Asian Paints: Company said fire broke out at manufacturing facility in Vishakhapatnam, Andhra Pradesh. Fire will not have any impact on the business operations of company.

Indian Overseas Bank decreased its MCLR for 1 year and above tenor by 5 bps with effect from 10.04.2019

DLF: GIC sells 7 crore shares in a block deal at Rs 192 per share - CNBC-TV18 sources. In 2016-17, GIC via property arm had bought 7 crore shares in DLF.

IndusInd Bank has priced the Notes at 3.875 percent, fixed rate on April 8, 2019 under the Medium Term Notes Programme acting through its IBU having an issue size of USD 400 million

Analyst or Board Meet/Briefings

Yes Bank: Bank will consider raising funds via debt, equity, and announce March quarter earnings on April 26.

Rushil Decor: Company's officials will meet investors/analysts on April 9.

Gateway Distriparks: Company's officials will meet Reliance Nippon Life Asset Management on April 9.

Finolex Industries: Company's officials will meet B&K Securities India on April 9.

5paisa Capital: Bank to consider raising funds via NCD and announce March quarter earnings on April 16.

Eris Lifesciences: Company's officials will meet IIFL on April 9.

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Source: Moneycontrol

Stocks in the news: Oil India, Bandhan Bank, Lumax Auto, Mindtree, Majesco, HDFC, DHFL

Here are stocks that are in the news today:

Lumax Auto Technologies: Company decided for discontinuation of the PCB manufacturing w.e.f. April 1, 2019. In addition, the board has also approved the disposal of plant and machinery to Lumax Industries relating to PCB Business on arm’s length basis and not below its book value.

Jaiprakash Associates: Board approved the re-appointment of Manoj Gaur, Executive Chairman & CEO and Sunil Kumar Sharma, Executive Vice Chairman for a further term of three years.

Future Consumer: Company announced redemption of non-convertible debentures.

Oil India -Joint Venture Partners of Mozambique Rovuma Offshore Area 1, concludes over 9.5 MMTPAof LNG Sale and Purchase Agreements

Mindtree to consider proposal of buyback on March 20

Karnataka Bank: The bank partners with Karvy DigKonnect for contact centre services.

Grasim Industries received an order issued by the DCIT raising a demand of Rs. 5,872.13 crore on account of dividend distribution tax

Kesoram Industries: The company's rating pertaining to that portion of its long term/short term banking facilities as been assigned to CARE Ratings Limited for rating has been revised to BB+/ A4+ (under credit watch with developing implications).

Majesco: Board approved to sell, transfer and dispose of, as a going concern and on a slump sale basis, the company's India Insurance Products & Services Business to Majesco Software and Solutions India Private Limited, a step-down subsidiary of the company, for a lump sum consideration of Rs 24.4 crore.

Kotak Mahindra Bank approved re-appointment of Prakash Apte and Uday Shankar as an independent directors of the bank.

The Bank approves dividend on 100 crore preference shares

Mishra Dhatu Nigam: Board declared payment of Rs 1.68 per share as the first interim dividend on equity shares for the financial year 2018-19 and fixed March 26 as the record date for dividend payment.

SAIL: CARE has assigned AA- outlook stable to company's long term fund based facility (term loan).

Bandhan Bank/Gruh Finance received No Objection from the RBI for the amalgamation of GRUH Finance into and with Bandhan Bank

HDFC- RBI has granted in-principle approval to the company for acquisition of 9.9% or less of the paid up voting equity capital of Bandhan upon the effective date of the scheme

Indostar Capital approved NCD worth Rs 15 crore on private placement basis

Indo Amines: 'No observation' letter has been received from BSE for proposed amalgamation amongst Core Chemical (Mumbai) Private Limited and Key Organics Private Limited with Indo Amines Limited, so as to enable the company to file the scheme with NCLT.

DHFL: Special Committee of the board of directors accorded approval to disinvest to Olive Vine Investment Limited an affiliate of the Warburg Pincus Group.

Santosh Sharma (currently the CFO) will assume a new role as the Head - Corporate Strategy.

India Ratings & Research revised rating on long term bank loans of Religare Enterprises to IND B+/RWN from IND BB/RWN, while on short term bank loan rating revised from IND A4+/RWN to IND A4/RWN

J&K Bank executed share purchase agreement with Oman India Joint Investment Fund II for sale by the Bank 4,11,11,111 crore equity shares of PNB MetLife India Insurance Company at a total consideration of Rs 185 crore

Lupin: Subsidiary Novel Laboratories Inc. has received a letter from the USFDA classifying the inspection conducted at its Somerset (New Jersey) facility in December 2018 as Official Action Indicated (OAI). The US FDA has stated that this facility may be subject to regulatory or administrative action and that it may withhold approval of any pending applications or supplements in which this facility is listed.

NHPC approved raising of fund through External Commercial Borrowing (ECB) in JPY equivalent to USD 100 Million from MUFG Bank

REC board meet on March 20, 2019, to consider a proposal relating to market borrowing programme for the financial year 2019-20

Prakash Industries - National Law Company Law Tribunal sanctioned the demerger scheme of company's business of PVC Pipes & Fittings and Flexible Packaging into Prakash Pipes

Cadila Healthcare: Zydus receives final approval from the USFDA for Valsartan and Hydrochlorothiazide tablets.

Mirc Electronics: Vishal Barot has resigned as Chief Financial Officer (CFO) of the company due to personal reasons.

Punjab & Sind Bank reviewed MCLR w.e.f. March 16, 2019

Zuari Global: Company has acquired around 48.98 percent shares of Forte Furniture Products India Private Limited (FFPL) from Indian Furniture Products Limited (IFPL), subsidiary of the company.

HUDCO further raised funds of Rs 5320 crore through Issue of Government of India Fully Serviced, Unsecured, Taxable HUDCO Bonds Series V-2018

Vodafone Idea board meet on March 20 to consider, discuss and decide, various matters in connection with the rights issue

India rating & research downgrades rating on NCD to IND A+ with rating watch negative (RWN)

Jubilant Foodworks - Domino’s Pizza officially launched in Bangladesh

Out of F&O Ban: BEML, Reliance Power.

Bulk Deals on March 15

Analyst or Board Meet/Briefings

EID Parry India: Board meeting will be held on March 22 to consider the second interim dividend on equity shares, if any, for the financial year 2018-19.

Finolex Industries: Company's officials will meet investors/analysts on March 18.

PSP Projects: Company's officials will meet analyst/institutional investors on March 18 and 25.

Emmbi Industries: Company's officials will meet Moneybee Investment Advisors on March 18.

Deep Industries: Officials of the company will be meeting investors and analysts on March 19.

Jindal Steel & Power: Analysts and Investors visit to Angul plant is scheduled on March 18.

South Indian Bank: Officials of the bank will be meeting a group of institutional investors organised by SBI Caps Securities on March 19.

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Source: Moneycontrol

Stocks in the news: Essel Propack, Duke Offshore, Majesco, Vyapar Industries, Valecha Engg

Here are stocks that are in the news today:

Results on February 20: Mahindra CIE Automotive, Mayur Leather Products, Metalyst Forgings, Rollatainers, Sang Froid Labs (India)

Essel Propack: Company further received Rs 40 crore towards repayment of outstanding dues of Inter corporate deposit. It has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019.

Duke Offshore: The company received a prestigious contract from Daewoo - Tata projects Limited JV to provide one initial high speed vessel to support construction for the Mumbei Trans Harbour Link project.

ICICI Bank allotted 59,891 equity shares under ESOS

Ramco Cements - Green Products and Services Council of Confederation of Indian Industry has renewed the GreenPro Certification for our Company's flagship product - RAMCO SUPERGRADE

Seya Industries to hold EGM on March 12, 2019

Aarti Industries collaborates with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10 year supply period

Prism Johnson issued a LOI (Letter of Intent) for EPC (Engineering, Procurement and Construction) contract for setting up a Waste Heat Recovery based Power Generation System of peak capacity 22.50 MW to be located at its cement manufacturing facility near village Mankahari, District Satna, Madhya Pradesh.

Genus Power Infrastructures: India Ratings and Research affirmed the company's long-term issuer rating at A+ with stable outlook.

The Investment Trust of India: Company approved revised Scheme of Arrangement between United Petro Finance Limited (demerged company) and Fortune Credit Capital Limited (resulting company).

Bajaj Healthcare: Board approved issue of bonus shares in the ratio of one equity share for every one existing equity share held by the members.

Valecha Engineering Q3: Loss at Rs 16 crore versus loss Rs 13.2 crore; revenue rises to Rs 56.5 crore versus Rs 43.22 crore YoY.

Vedanta: The company is not in the process of submitting any revised bid for Essar Steel under the IBC process.

The Byke Hospitality: CARE assigned BBB+ rating with negative outlook for company's long term bank facilities.

Majesco: American Public Life Insurance Company selects Majesco L&A and Group Core Suite.

Yes Bank clarified on RBI's Risk Assessment Report for FY18: The bank said the release on RBI Report made with an intention to be fully compliant with SEBI regulations.

Maharashtra Seamless: Company paid Rs 477 crore for acquisition of United Seamless Tabulaar.

JK Tyre: Sanjeev Aggarwal appointed as CFO. Ashok K Kinra ceased to be CFO but will continue with the company as a financial advisor.

Vedanta: Company will proceed with next steps of filing a writ petition before Madras HC to reopen company's Tamil Nadu unit.

Jaypee Infratech: Promoters offer to withdraw company from insolvency U/Sec 12A of IBC. Jaiprakash Associates offers Rs 1,500 crore to creditors versus Rs 8,125 crore owed as principal amount, offers Rs 4,858 crore as debt asset swap, offers Rs 2,000 crore as optionally convertible debentures and seeks a waiver of Rs 1,425 crore interest payment from financial creditors - CNBC-TV18 sources.

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Source: Moneycontrol