Stocks in the news: DHFL, Wipro, Zensar, Vodafone Idea, Lupin, RIL, Muthoot Capital

Here are the  stocks that are in news today:

IL&FS Engineering has entered into a settelment agreement with NHAI against the arbritration award

Lupin appointed Sunil Makharia, President - Finance, as interim Chief Financial Officer and Key Managerial Personnel of the company with immediate effect.

The board is in the process of selecting the next Chief Financial Officer

Thyrocare Technologies' board meeting on June 13, to discuss the offer made by Dr. A. Velumani, Chairman, Managing Director & CEO to acquire the shareholding of the company in Nueclear Healthcare, the wholly owned subsidiary of the company

Eveready Industries - India Ratings and Research has downgraded the company's long term credit rating to 'IND BBB' from 'IND A+' and maintained it on Rating watch Negative

Zensar announces Global Partnership with NetApp and Cisco

Wipro announced the roll-out of Total Operations System (TOPS) CREW , a fully-integrated IT product suite for global airlines.

Yes Bank's Non-Executive (Non-Independent) Director Ajai Kumar resigns

Sold 2% share capital of Fortis Health in tranches

Reliance Industries is planning to shut down one of the crude distillation units and coker unit of its DTA refinery at Jamnagar for routine maintenance and inspection activities, for about 3 to 4 weeks starting from June 20, 2019

Petronet LNG informed that facilities related to expansion of Dahej LNG Terminal from 15 to 17.5 MMTPA i.e. addition of 2.5 MMTPA LNG Regasification Facilities has been commissioned and under stabilization

Muthoot Capital Services completed an assignment transaction on Rs 84.95 crore on June 07, 2019. The company has so far raised total funds of Rs 196.88 crore through securitization / direct assignment transactions during the FY 2019-20.

Indiabulls Housing Finance

A racket of blackmailers trying to extort money from Indiabulls over last two months

Allegation of siphoning off Rs 98,000 crore is bizarre

Total loan on books are approximately Rs 90,000 crore

Dewan Housing Finance Corporation sold entire stake in Aadhar Housing Finance to BCP Topco VII Pte

Care Rating has revised its rating for the long term bank facilities of Vodafone Idea to CARE A+ from CARE AA-

Bharat Financial - NCLT sanctioned the Composite Scheme of Arrangement among Bharat Hnandal Inclusion, Induslnd Bank Limited, Induslnd Financial Inclusion Limited and their respective shareholders and creditors

CARE Raring assigned CARE A1 to the commercial papers of the Future Consumer

SH Kelkar fixed JUne 20 as the record date for buyback

Airtel upgrades 4G network in Delhi NCR, deploys L TE 900 technology to boost indoor coverage

Sterlite Technologies - the promoters removed 100% of the pledge on company's shares with immediate effect

Talwalkars ready to operationally launch its first club in Pune in partnership with Europe's largest club operators David Lloyd Leisure.'Talwalkars backed startup Sarva Yoga gears up for an Institutional Round

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Stocks in the news: Bharti Airtel, Vodafone Idea, ICICI Bank, HUL, Yes Bank, Cadila Health, HIL

Here are the stocks that are in the news today:

Results today: Bharti Airtel, ICICI Bank, Marico, Wockhardt, Chennai Petroleum, Gujarat Gas, Navin Fluorine, Mahindra CIE Automotive, Hindustan Composites, GTL, Godrej Agrovet, Great Eastern Shipping, Firstsource Solutions, Fortis Malar Hospitals

HUL Q4: Net profit up 13.8% at Rs 1,538 crore versus Rs 1,351 crore, revenue up 9.3% at Rs 9,945 crore versus Rs 9,097 crore, YoY.

L&T Tech Q4: Net profit up 3.2% at Rs 191.5 crore versus Rs 185.6 crore, rupee revenue up 2% at Rs 1,343.1 crore versus Rs 1,316.9 crore, QoQ.

LIC Housing Q4: Net profit up 16.7% at Rs 693.6 crore versus Rs 594.3 crore; revenue up 20.1% at Rs 4,655.1 crore versus Rs 3,877.6 crore, YoY

Birla Corp Q4: Net profit down 2.2% at Rs 128.2 crore versus Rs 131.1 crore, revenue up 13.4% at Rs 1,872.3 crore versus Rs 1,650.8 crore, YoY.

Federal Bank Q4: Net profit at Rs 381.5 crore versus Rs 145 crore; NII up 17.5% at Rs 1,096.5 crore versus Rs 933.3 crore, YoY.

Sheela Foam Q4 : Net profit up 17.8% at Rs 37.9 crore versus Rs 32.2 crore; revenue up at Rs 534.7 crore versus Rs 527.9 crore, YoY

AB Capital Q4: Net profit up 52.5% at Rs 258.4 crore against Rs 169.5 crore; revenue up 32.2% at Rs 4,730 crore versus Rs 3,577.6 crore, YoY.

NIIT Tech Q4: Net profit up 5.2% at Rs 105.5 crore against Rs 100.2 crore; revenue at Rs 972.2 crore versus Rs 971.7 crore, QoQ.

Morepen Laboratories Q4: Net profit at Rs 9.2 crore versus Rs 4.1 crore, revenue up 30.2% at Rs 206.1 crore versus Rs 158.2 crore, YoY

Vodafone Idea signs multi-million dollar IT deal with IBM

USFDA issues 14 observations for Cadila Healthcare's Moraiya facility

HIL has commenced the final phase production of its CpVC, UpVC and SWR (Soil, Waste & Rain) Pipes and Fittings at its plant located at Golan Plant, Gujarat

PNC Infra to sale entire stake (15.12%) in Ghaziabad Aligarh Expressway to Cube Highways and Infrastructure PTE

Embassy Office Parks REIT announces the successful placement of Embassy REIT Series I Non-Convertible Debentures 2019

Bharat Road Network has entered into a share purchase agreement with Cube Highways and Infrastructure Pte for sale of its holding in Ghaziabad Aligarh Expressway

RBI imposes Rs 11.25 lakh penalty on Yes Bank

TTK Prestige fixed May 16 as record date for issue of bonus shares

Aditya Birla Capital approved raising of funds worth Rs 3500 crore

EID Parry board meeting on May 8 to consider the proposal to raise Rs 300 crore by issue of Non Convertible Debentures on private placement basis in one and more tranches

Indian Overseas Bank board meeting on May 09 to consider and approve the proposal for raising capital for the year 2019-20 and other incidental matters

DHFL board approves raising capital worth Rs 2,000 crore in one or more tranches

Vodafone Idea's Capital Raising Committee approved allotment of 19,999,830,911 rights rquity shares of Rs 10 each for cash at a price of Rs 12.50 per rights equity share

Torrent Pharma has issued Commercial Paper for an amount of Rs 200 crore on May 3, 2019

Indiabulls Housing Finance approved merger of IHFL alongwith its wholly owned subsidiary, Indiabulls Commercial Credit into and with the Lakshmi Vilas Bank

Bank of Baroda hikes marginal cost of lending rate by 5 bps across tenors.

Shriram City Union allotted NCD worth of Rs 666.92 crore

Canara Bank: ICRA downgrades Additional Tier-I bonds to AA- from AA; outlook stable.

CRISIL has assigned the long term rating for Bank Loan facilities of Rs 750 crore as CRISIL AA- Stable and assigned short term rating as CRISIL A1+ to Deepak Nitrite

India Ratings and Research (Ind-RA) has assigned Vadilal Enterprises Limited Long-term issuer rating at 'IND A-'. The Outlook is Positive.

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Source: Moneycontrol

Vodafone Idea rights issue subscribed 1.07 times: Report

The Rs 25,000-crore rights issue of Vodafone Idea has been subscribed 1.07 times, according to data accessed by merchant bankers involved in the process.

Through the rights issue, which ran between April 10 and April 24, the country's largest telecom operator offered 2,000 crore new shares at Rs 12.50 apiece.

As per data published by NSE, the rights issue has received bids for 1,109 crore shares.

"The Vodafone Idea rights has been subscribed 1.07 times as per data available from registrar to the rights issue last night. This can go up. Final data is expected to be published by the registrar today (Thursday)," one of the bankers involved in the rights issue process told PTI.

The banker said that the data published by stock exchanges does not include subscription that goes to the registrar directly under Applications Supported by Blocked Amount (ASBA) facility.

He said that the rights issue entitlement worth about Rs 2,000 crore renounced by Malaysia-based Axiata Group has gone through ASBA route.

Axiata held 71.2 crore shares; and in the ongoing rights issue, it was entitled to subscribe 163 crore shares worth about Rs 2,000 crore.

Promoter shareholders -- Vodafone Group and Aditya Birla Group -- have reiterated to the board that they intend to contribute up to Rs 11,000 crore and up to Rs 7,250 crore, respectively, amounting to a total of Rs 18,250 crore, as part of the Rs 25,000-crore rights issue.

According to a JM Financial report, minority shareholders will need to make an investment of at least Rs 5,410 crore in the rights issue to keep promoters' holding at 75 per cent, to comply with the Sebi norms.

The banker said that the investment of over Rs 8,400 crore through non-promoter equity portion has come, as per data which was available on Wednesday night - when issue closed, and final figure will be published on April 25.

Vodafone Idea shares were trading at Rs 16.75 apiece, down by 2.62 per cent compared the previous close on BSE.

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Source: Moneycontrol

Vodafone Idea gains 9% despite disruption in services in Mumbai

Shares of Vodafone Idea gained nearly 9 percent intraday on April 5 despite the disruption in services in parts of Mumbai on April 4.

India's largest telecom player said that disruption was due to unforeseen occurrences and it managed to resurrect the services later on in the same day.

"Due to unforeseen occurrences, there was a temporary disruption in services in parts of Mumbai today. Our prompt response action ensured full restoration within a short time. We regret any inconvenience caused to our customers", the telecom company said in a statement.

At 1119 hrs, Vodafone Idea was quoting Rs 16.45, up 8.58 percent on the BSE.

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Source: Moneycontrol