Jet Airways के फाउंडर नरेश गोयल से पूछताछ कर सकता है ED

Jet Airways। इस बात के पूरे आसार हैं कि एनफोर्समेंट डायरेक्टोरेट Jet Airways के फाउंडर नरेश गोयल को नोटिस भेज सकता है। इकोनॉमिक टाइम्स के मुताबिक, इस मामले की जानकारी रखने वाले लोगों ने बताया कि Jet Airways में स्टेक सेल के दौरान कथित तौर पर की गई गड़बड़ियों को लेकर नरेश गोयल से पूछताछ किया जाएगा।

इसके साथ ही ED 650 करोड़ रुपए की टैक्स चोरी की भी जांच कर रहा है। एजेंसी यह पता लगाने की कोशिश कर रही है कि Jet Airways ने फॉरेन एक्सचेंज मैनेजमेंट एक्ट (FEMA) का उल्लंघन तो नहीं किया है। 

Jet Airways ने 2012 में पूर्ण स्वामित्व वाली जेट प्रिविलेज प्राइवेट लिमिटेड (JPPL) शुरू की थी। इस कंपनी में एतिहाद के 50.1 फीसदी हिस्सेदारी लेने के बाद इसे स्वतंत्र इकाई बना दिया गया। कंपनी में बाकी की 49.9 फीसदी हिस्सेदारी नरेश गोयल के पास थी। 2013 में एतिहाद ने Jet Airways में 24 फीसदी हिस्सेदारी खरीदी। ED ने पहले भी Jet Airways से कई बार JPPL में 15 करोड़ डॉलर में स्टेक सेल से जुड़े सवाल किए थे। लेकिन इस साल मई में ED के सीनियर अधिकारियों ने इस मामले विस्तृत तौर पर पूछताछ की।   

Jet Airways के शेयर 18 जून को गिरकर अपने ऑल टाइम लो पर पहुंच गए। इसके एक दिन पहले लेंडर्स ने कंपनी को बैंकरप्सी कोर्ट NCLT में ले जाने का फैसला किया था। Jet Airways की आखिरी उड़ान 17 अप्रैल को थी। तमाम कोशिशों के बावजूद कंपनी में हिस्सेदारी खरीदने को लेकर कोई पुख्ता प्रस्ताव नहीं आया था।

ED अब यह पता लगाने की कोशिश कर रहा है कि एतिहाद ने कंपनी में हिस्सेदारी खरीदने से पहले FIPB से सभी जरूरी मंजूरी हासिल किए थे या नहीं।

इस मामले की जानकारी रखने वाले एक शख्स ने बताया कि शुरुआती जांच से ऐसे संकेत मिल रहे हैं कि कंपनी ने FDI नियमों का उल्लंघन किया है। Jet Airways ने इसके लिए -एयर ट्रांसपोर्ट सर्विस फर्म- टर्म का इस्तेमाल किया है।

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Stocks in the news: Dabur, Can Fin Homes, Jain Irrigation, NLC India, Cochin Shipyard

Here are the stocks that are in news today:

Canara Bank: Board approves sale of part or full stake in Can Fin Homes.

HCL Technologies and Cricket Australia announce a multi-year partnership

Adani Ports: Fitch affirms BBB- issuer rating, outlook stable.

Jain Irrigation: India Ratings cut Long Term Issuer Rating to BBB with outlook at 'Watch Negative'.

Adlabs Entertainment: Meghna Ghai Puri, Non-Executive Independent Director tendered her resignation from the directorship.

PNB - India rating downgraded Basel Ill Compliant Tier I Bonds ratings to IND A/Negative from IND A+/Negative

Sundaram Multi Pap: Company has received BB+ (Stable) credit rating from Brickwork Ratings India Private Limited.

SEBI: Recognised bourses can launch futures on commodity indices.

NDTV: Securities Appellate Tribunal stays SEBI's order banning NDTV promoters from securities market.

Sundaram Multi Pap received BB+ (Stable) credit rating from Brickwork Ratings India

IIFL Holdings: Company to mull approval of conditions for raising funds via NCDs up to Rs 500 crore.

NMDC - Todal May productions of Iron Ore at 3.04MT and sales at 3.37 MT

HDFC Bank: RBI imposes penalty of Rs 1 crore on the bank for non-compliance with directions on KYC norms & on reporting of frauds.

Chambal Fertilisers & Chemicals: CRISIL and ICRA assigned the rating of A1+ to commercial paper programme of the company for an enhanced amount of Rs 3,500 crore.

NLC India: The 100 MW Solar PV power plant at Kamuthi & K. Nedunkulam village, Ramanathapuram District, Tamilnadu, out of 709 MW solar power projects awarded by TANGEDCO has been successfully commissioned.

Khadim India: Company appointed Amit Kumar Gope as Head - Marketing.

Ashiana Housing: ICRA reaffirmed rating on non-convertible debentures.

Dabur India: CRISIL reaffirmed rating on long term bank facilities, short term bank facilities, commercial paper, non-convertible debentures.

Cochin Shipyard: Company entered into a long term wage settlement with its workmen which will be valid for 10 years.

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Stocks in the news: Apollo Tyres, Shriram Transport, Biocon, Bajaj Holdings, DHFL, Sandhar Tech

Here are stocks that are in the news today:

TCS: Company teams up with SAP to transform surgical kit handling with an IoT and Blockchain Solution Powered by SAP Leonardo.

DHFL: Company paid Rs 56.8 lakh interest on NCDs due today.

Repro India: Company approved the draft Scheme of Demerger between company and its wholly owned subsidiary company Repro Innovative Digiprint Limited (demerged company).

Binani Industries: Ratan Kumar Sarawagi, Independent Director of the company has resigned from the directorship.

Cox & Kings: CARE reaffirmed rating on commerical paper issue of Rs 375 crore at A1+, but revised rating on non-convertible debenture issue from AA/Stable to AA-/Stable.

HDFC AMC: Company takes Essel on its books, will repay investors in full.

Mcleod Russel: ICRA cuts company's debt rating to B- Vs BBB-, outlook negative

Biocon: Company to sell branded formulation India operations to arm for Rs 45 crore.

AU Small Finance Bank: Board to mull issue of Tier-II bonds.

InterGlobe Aviation: IndiGo places $20 billion US LEAP-1A engine order with CFM for 280 Airbus A320neo, A321neo. First LEAP-1A-Powered A320neo delivery is expected in 2020

RIL - Minor fire occurred in Linear Alkyl-Benzene (LAB) plant at Patalganaga

Sandhar Technologies signed joint venture agreement With Winnercom Co

Bajaj Holdings increased its stake in Maharashtra scooter by 27%, current holds 51%

Tech Mahindra: Company to buy Objectwise Consulting Group for Canadian $2.75 million.

Jet Airways: Lenders have decided to seek resolution under Insolvency & Bankruptcy Code, only one conditional bid was received.

Santosh Fine Fab: Company appointed Sunil R Tulsiyan as Chief Financial Officer (CFO).

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Jet Airways के शेयरों में 15% की गिरावट, जानिए क्या कहा है PMO ने?

Jet Airways के शेयरों में लगातार आठवें दिन गिरावट आई है। PMO कर्ज में डूबी एयरलाइन कंपनी की समीक्षा करवाना चाहता है। इस खबर के बाद सोमवार को मार्केट खुलने पर Jet Airways के शेयरों में 14.9 फीसदी की गिरावट आई। 9.35 पर Jet Airways के शेयर 14.9 फीसदी टूटकर 69.75 रुपए पर ट्रेड कर रहे थे।

सूत्रों के मुताबिक, PMO ने रेवेन्यू डिपार्टमेंट को बकाया टैक्स का आंकलन लेने को कहा है। साथ ही पीएम को प्रमुख सचिव नृपेंद्र मिश्रा ने कॉरपोरेट अफेयर्स मिनिस्ट्री से 14 जून को मुलाकात की और NCLT में इस केस पर नजर रखने का निर्देश दिया है।

जेट के शेयरों मे पिछले एक महीने में 42 फीसदी, 2019 में 74 फीसदी और पिछले एक साल में 81 फीसदी की गिरावट देखी गई है। BSE सेंसेक्स में आज सुबह जेट के शेयर 14.9 फीसदी की गिरावट के साथ कीमत 69.75 पर आ गई है। वहीं एनएसई में 28 जून से ट्रेडिंग बंद होने की वजह से पिछले हफ्ते 35 फीसदी की गिरावट दर्ज हुई। नकदी की किल्लत से जेट का ऑपरेशन अप्रैल से बंद है। लेंडर्स जेट के रिवाइवल पर काम कर रहे हैं।

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Stocks in the news: BHEL, Aster DM, Cadila, DHFL, Bharat Financial, FDC, Divis Labs

Here are stocks that are in the news today:

Aster DM: ICRA upgrades credit rating to BBB+ from A-; outlook changed to Positive from Stable.

Syngene International approves issue of bonus issue in the ratio of 1:1

BHEL: Company wins 2 EPC orders worth Rs 800 crore from NTPC & Gujarat State Electricity Corporation.

Reliance Infrastructure Q4: Consolidated net loss at Rs 3,301 crore versus profit of Rs 133 crore; revenue at Rs 4,012.7 crore versus Rs 3,075.2 crore YoY.

Coromandel International: Gujarat Pollution Board revokes its earlier closure order for Gujarat unit.

Indiabulls Real: Promoter releases pledge on 1 crore shares on June 14.

Indiabulls Housing Finance: Promoter releases pledge on 42 lakh shares on June 14.

Fortis Healthcare: Company repays entire loan availed from Citi Bank; closes bidding process for stake sale in RHT Health Trust as no firm proposal is received.

Cadila Healthcare: Subsidiary Alidac Pharma gets Establishment Inspection Report for Ahmedabad unit. USFDA conducted a Pre-Approval Inspection (PAI) from March 18-26.

Jaypee Infra: Committee Of Creditors will meet on June 20.

NDTV: SEBI bars promoters (Prannoy, Radhika Roy) from accessing securities markets for 2 years.

Corporation Bank: 1-year MCLR cut by 5 bps to 8.85%.

CCL Products: India Ratings revises outlook to Positive from Stable; affirmed long-term rating at A+.

Bharat Financial: Company assigns a pool of receivables worth Rs 1,546 crore to a private bank.

DHFL: Company made principal payment of Rs 100 crore & interest of Rs 25.5 lakh on NCDs due June 14.

United Bank: Bank cuts 1-year MCLR to 8.75 percent from 8.8 percent.

New India Assurance: Company likely to announce bancassurance with IDBI Bank - CNBC-TV18 sources.

Laurus Labs: USFDA completed inspection of API facilities in Units 1 & 3 with two observations which are procedural in nature.

Sandhar Technologies: Company has signed a joint venture agreement with Winnercom Co. Ltd., Republic of Korea.

FDC: Compamy has been granted ANDA approval by USFDA, for Dorzolamide and Timolol Ophthalmic solution USP 22.3mg/6.83mg per ml, a generic version of Cosopt of Oak Pharmaceuticals Inc.

Elecon Engineering Company: Company received prestigious order from BHEL for supply & erection of stacker cum reclaimer machines at its Udangudi STPP site, Thoothukudi, Tamil Nadu worth Rs 79.12 crore.

PG Electroplast: Fire broke out on June 15 in washing machine division of the company. Greater Noida, UP.

Indraprastha Medical Corporation: Ashok Bajpai resigned from the position of Managing Director of the company due to personal reasons.

Divi's Laboratories: The USFDA concluded inspection of Unit-II at Bheemunipatnam, Andhra Pradesh with no 483 observations. This was a general cGMP inspection by the USFDA.

Symphony: Company incorporated a wholly owned subsidiary company in Brazil.

Relaxo Footwears: Company has fixed June 27 as the record date to determine eligible shareholders entitled to receive the bonus shares.

Novartis India: Company approved appointment of Sanjay Murdeshwar as Vice Chairman & Managing Director.

CreditAccess Grameen: Company appointed BR Diwakar, CFO, as an additional director on the board.

Bulk Deals

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जेट के शेयरों में 23% की गिरावट, 28 जून से NSE सस्पेंड करेगा ट्रेडिंग

Jet Airways। जेट एयरवेज की रिकवरी की उम्मीद जैसे-जैसे खत्म हो रही है इसके शेयरों में गिरावट बढ़ती जा रही है। गुरुवार को बाजार खुलने के बाद  Jet Airways के शेयरों में 23 फीसदी की गिरावट आई है। कंपनी के शेयर अब 86.55 रुपए पर ट्रेड कर रहे हैं.

NSE ने बताया कि Jet Airways की ट्रेडिंग 28 जून से बंद हो जाएगी। माना जा रहा है कि Jet Airways के बारे में फैली अफवाहों की वजह से Jet Airways के शेयरों में गिरावट आई है।

सुबह 9:30 बजे BSE सेंसेक्स में जेट के शेयरों में 12.7 फीसदी की गिरावट के साथ 95.90 रुपये पर इसका भाव आ गया। वहीं इसके मुकाबले निफ्टी 50 में 22.35 अंकों की गिरावट के साथ 11,883.85 पर था। पिछले हफ्ते स्टॉक में 21 फीसदी गिरा है। जबकि इस साल 64 फीसदी की गिरावट देखी गई।

स्टॉक एक्सचेंज का कहना है कि जेट के शेयरों को ट्रेड फॉर टेंड सेगमेंट में 28 जून से मूव कर दिया जाएगा। इसके तहत आप डिलिवरी ले सकते हैं। लेकिल सेल या बॉय नहीं कर सकते है। कुल मिलकार इंट्रा डे ट्रेड नहीं कर सकते हैं। उधर एनएसई का कहना है कि जेट एयरवेज ने अभी तक अपने नतीजे नहीं दिए हैं।

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Jet Airways nosedives 14% after bourses mull trading restrictions

Shares of Jet Airways plunged more than 14 percent intraday on June 13 after stock exchanges decided to impose trading restrictions on the beleaguered airline.

According to a circular issued by NSE, the decision was taken as a part of preventive surveillance measures to curb excessive volatility.

The decision has been taken jointly by the exchanges and would be effective from 28 June, it said.

The stock exchange notified that the shares of the airline will be shifted from "Rolling Segment to Trade for Trade Segment, wherein the settlement in the scrip will take place on gross basis with 100 percent upfront margin and 5 percent price band".

Jet Airways suspended all its operations in April. The lenders are now working on ways to revive the cash-starved carrier.

At 0947 hrs, Jet Airways was quoting Rs 94.80, down 14.13 percent on the BSE.

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Stocks in the news: Tata Motors, Wipro, SAIL, Music Broadcast, PFC, Tiger Logistics, Reliance Nippon

Here are the stocks that are in news today:

Tata Motors: Group May total global wholesale sales down 23 percent at 82,374 units YoY. JLR global sales at 39,895 units.

SAIL: Company likely to auction three loss-making steel plants - CNBC-TV18 sources

Mercator: RBI approved the amendment of the existing terms and conditions of the $16,000,000 4.75% Unsecured Foreign Currency Convertible Bonds (FCCBs) issued by the company.

HCC board meeting on June 17 to het shareholder’s approval egarding the proposal for raising of funds

Wipro: Company partners with Moogsoft to deliver next-gen AIOps solutions.

Kopran: Unlisted preference shares would be redeemed on the due date in June as per the terms of the issue out of accumulated profits.

Allahabad Bank decided for a downward revision of MCLR by 05 basis points (bps) across different tenors

Tiger Logistics: CARE revised the outlook of credit rating for bank facilities to negative from stable.

Tiger Logistics: Company bagged Contract for handling the export logistics for the Piaggio Vehicles Private Limited.

Music Broadcast: Company entered into a definitive binding agreement for the acquisition of Reliance Broadcast Network Limited (Big FM).+

NTPC signed JV agreement with East Delhi Municipal Corporation with equity participation of 74:26

Power Finance Corporation: Company successfully tapped the international market and raised $1 billion through Reg- S bonds in one go.

KPI Global Infrastructure: Due to other pre-occupations, Raghavendra Rao Bondada, Independent Director has tendered his resignation from the board of directors.

Sharda Motor Industries: Exhaust Technology Private Limited becomes the joint venture company of Eberspaecher Exhaust Technology International GmbH and Sharda Motor Industries.

Greenply Industries: Company entered into an agreement for investment of Rs 1.80 crore (i.e. 30 percent) in the equity share capital of Nemani Panels Pvt. Ltd., (a newly incorporated company for setting-up a manufacturing unit of Plywood and allied products at Bareilly, U.P.) promoted by Bareilly Plyboards Pvt. Ltd. (an existing company manufacturing and selling Plywood and allied products).

IIFL Finance: IIFL Securities has allotted one fully paid up equity share of Rs 2 each of IIFL Securities for every one fully paid up equity shares of Rs 2 each held by shareholders of IIFL Finance (erstwhile IIFL Holdings Limited) and IIFL Wealth Management has allotted one fully paid up equity shares of Rs 2 each of IIFL Wealth Management for every seven fully paid up equity shares of Rs 2 each held by the shareholders of IIFL Finance on June 06, 2019.

IFCI: Company appointed Shri Rajesh Kumar Gupta, General Manager as Chief Risk Officer till March 31, 2021.

Edelweiss Financial Services: Subsidiary ECL Finance and flagship NBFC of Edelweiss Group and Bank of Baroda signed an agreement to form a strategic partnership to explore co-lending / co-origination opportunities.

Reliance Nippon Life Asset Management: Reliance Capital to sell 2.86 percent stake in company via offer for sale on June 13 and 14. The floor price of the sale shall be Rs 212 per equity share of the company.

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Stocks in the news: Tata Steel, DHFL, Yes Bank, Voltas, India Cements, Adani Green, Suzlon

Here are stocks that are in the news today:

Tata Steel - The European Commission formally announced its decision to prohibit the proposed European steel joint venture between Tata Steel and thyssenkrupp AG.

Adani Green: Promoters to sell up to 5.98 percent in company via offer for sale on June 12-13, floor price set at Rs 43 per share.

India Cements: Pledge on 1.68 percent promoter stake released on Monday.

Voltas: Company Abhijit Gajendragadkar resigned as CFO, deputy MD Anil George to take over as CFO.

Yes Bank: RBI imposed Rs 11.2 lakh penalty on bank for breach of prepaid payment norms. Lt General Mukesh Sabharwal resigned as Non-Executive Independent Director.

DHFL: Company paid Rs 962 crore interest due on NCDs on June 4 in full.

Suzlon Energy: Company will continue to work on significant debt reduction, is exploring various options like raising fresh equity, disposal of subsidiaries.

Reliance Industries and BP sanction third phase of integrated KG D6 development

KEC International: Manisha Girotra resigned as Independent Director of the company.

Sea TV Network: Company appointed Manish Jain as the Chief Financial Officer (Key Managerial Personnel).

Yes Bank: Ratings placed under 'Review for Downgrade' by Moody's.

Reliance Capital/Reliance Home Finance - PwC resigns as statutory auditor

Simplex Infrastructures: Credit rating of the company has been retained with revision in outlook by CARE Ratings.

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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: Bharat Forge, SBI, Mindtree, Atul, KPR Mill, Zodiac Clothing

Here are the stocks that are in news today:

State Bank of India: Bank to introduce repo rate-linked home loans from July 1.

HDFC Bank: Bank keeps MCLR unchanged in the range of 8.30-8.95 percent.

Bharat Forge: Company is in joint venture with Germany's Refu Electronik, to hold 50 percent stake.

MOIL gets Environment Clearance (EC) of Ukwa Mine

Mindtree: L&T brings in open offer to acquire up to 5.13 crore shares in Mindtree, at Rs 980 per share. Open offer to open on June 17 & close on June 28.

M&M: The company as part of aligning its production with sales requirements, would be observing 'No Production Days' ranging between 5-13 days in various plants of the Company and MVML during the first quarter of the financial year 2019-2020.

Kotak Mahindra Bank: The Reserve Bank of India has levied a penalty of Rs 2 crore on the bank.

Zodiac Clothing: ICRA revised the short term rating for Rs 80 crore Line of Credit to A2 from A2+.

TVS Motor: Company becomes the official sponsor for the Bangladesh National Football team.

Maruti Suzuki total production for May 2019 at 1,51,188 units against 1,84,612, YoY

UFO Moviez board approved Scheme of Arrangement between Valuable Digital Screens and UFO Moviez India

Manappuram Finance clarified that the company has received a show Cause notice from SEBI pertaining to an incident in 2013

Andhra Petrochemicals: ICRA upgraded its long-term rating from BBB to BBB+ and short term rating from A3+ to A2 assigned earlier to the Rs 94.18 crore Line of Credit of company. The outlook on the long-term rating has been retained at positive. Short term rating was revised from A3+ to A2.

J&K Bank: Bank appointed RK Chhibber as interim CMD.

Xchanging Solutions: Promoter Xchanging Technology Services India to sell 87.99 lakh shares of the company via offer for sale on June 10-11, with an option to additionally sell 87.99 lakh shares. Floor price fixed at Rs 45 per share.

CG Power and Industrial Solutions: CG launches next generation of compact drives and advance series of products for the industrial automation.

Atul: Company terminated joint venture agreement signed with Elkay Kimyasal Maddeler SAN. TIC. A.S. based in Turkey (Eikay) for promoting stone care chemicals in India.

Tata Power: CRISIL reaffirmed the company’s long term AA – (Stable) and short term rating to A1+ post clearance of all dues.

S Chand and Company: CARE revised its rating on long term bank facilities of the company to A/Stable from AA-/Stable. Promoters Himanshu Gupta and Dinesh Kumar Jhunjhunwala bought 30,000 shares each.

Zee Entertainment Enterprises: Upon a rating review by Brickwork Ratings India Pvt Ltd, the credit rating of 6% cumulative redeemable non-convertible preference shares, issued by the company as bonus to its equity shareholders in 2014, has been placed on 'AA (Credit Watch with Negative Implications), from AAA (Credit Watch with Developing Implications)'.

SREI Infrastructure Finance: Company and PFS join hands to facilitate financing in the energy value chain.

Union Quality Plastics: Fire accident occurred on June 4 at Umbergaon manufacturing facilty.

KPR Mill: Buyback committee has fixed the record date as June 19 for buyback of equity shares of the company.

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GE Power soars 3% on Rs 738 crore order win

Shares of GE Power India soared more than 3 percent intraday on June 4 after the company bagged an order worth Rs 738 crore from Aravali Power Company Private Limited.

The company in its exchange release said the contract is for design, engineering, civil work, supply, erection and commissioning of wet FGD (Flue Gas Desulphurisation) systems along with auxiliaries like limestone and gypsum handling system and wet stack on full turnkey basis.

Aravali Power Company is a joint venture company of Haryana Power Generation Company, NTPC and Indraprastha Power Generation Company.

At 1108 hrs, GE Power India was quoting Rs 912.05, up 3.11 percent on the BSE.

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Stocks in the news: Dr Reddys, Wipro, ICICI Bank, L&T Technology, GE Power, M&M

Here are stocks that are in the news today:

L&T Technology Services: Promoter L&T to sell up to 4 million shares of company via offer for sale on June 4 and 5, floor price set at Rs 1,650 per share.

GE Power India: Company received order worth Rs 738 crore.

Welspun Enterprises

Public Works Department declared the appointed date for the Project as May 28, 2019

The bid project cost is Rs 1,460 crore and first year O&M cost of Rs 31.50 crore

The construction period is 2 years from the appointed date and O&M period is 10 years after commercial operation date

Titan Company: Brickwork Ratings India assigned AAA rating with Stable outlook for proposed cash credit of Rs 1,000 crore and A1+ rating for gold metal loan.

ICICI Bank: Fitch downgrades bank's IDR to BB+; outlook stable

Mahindra & Mahindra: Mahindra Susten and Mitsui to co-invest in distributed solar power projects in India.

TCS: Company launched MasterCraft TransformPlus v4.0 with new cognitive features for analysis and modernization of enterprise applications.

Dr Reddy's Labs: Company re-launched Zenatane (lsotretinoin capsules, USP), 10 mg, 20 mg, 30 mg and 40 mg in the US market.

Wipro: Company has fixed June 21 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

CESC Ventures executed an agreement to acquire 64.63% in Herbolab India for Rs 32.175 crore

Future Retail approved issue of NCD's worth Rs 199 crore on private placement basis

M&M - Mahindra Susten and Mitsui to co-invest in distributed solar power projects in India

Orchid Pharma Q4: Loss at Rs 13.44 crore versus loss Rs 92.37 crore; revenue rises to Rs 162 crore versus Rs 155.8 crore YoY.

Bulk Deals

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Stocks in the news: Eicher Motors, Escorts, Dilip Buildcon, SML Isuzu, Atul Auto, NTPC

Here are stocks that are in the news today:

Eicher Motors: Company's JV with Volvo Group, VE Commercial Vehicle sold 870 units in May 2019, down 37.6 percent against 1,395 units sold in the same month last year.

Escorts: Agri machinery segment sold 6,827 tractors in May, down by 18 percent against 8,325 tractors sold in May 2018. Domestic tractor sales down 19.8 percent to 6,488 tractors and exports grow 42.4 percent to 339 tractors YoY.

Atul Auto: Company sold 3,464 vehicles in May 2019, lower by 13 percent against 3,983 vehicles sold in May 2018.

SML Isuzu: Company sold 1,689 vehicles in May, higher by 17 percent over 1,442 vehicles sold in same month last year.

Dilip Buildcon: Company executed an EPC agreement with the National Highways Authority of India for Saoner-Dhapewada-Kalmeshwar-Gondkhairi, NH-547E, Package -II on EPC mode in Maharashtra.

NTPC: Unit-1 of 800 MW of Gadarwara Super Thermal Power Station (2 x 800 MW) has started its commercial operation. With this, the commercial capacity of Gadarwara Super Thermal Power Station, NTPC and NTPC group has become 800 MW, 46,525 MW and 54,326 MW, respectively.

Tata Steel BSL: NCLT approved the resolution plan submitted by Tata Steel for acquiring the controlling stake in Bhushan Energy (BEL).

Vaibhav Global: Company approved proposal to buyback 7.2 lakh fully paid-up equity shares, at a price up to Rs 1,000 per share, for an aggregate amount up to Rs 72 crore.

NLC India: NLC India achieved yet another major milestone activity by lighting up the boiler of the second unit of the upcoming 2 x 500 MW

lignite-fired Neyveli New Thermal Power Project (NNTPP).

Biocon: Board fixed June 13 as the record date to determine eligible shareholders entitled to receive the bonus shares.

Seamec: Virendra Kumar Gupta, President and Chief Financial Officer resigned from the services of the company due to personal reasons.

Kwality Q4: Loss at Rs 497.55 crore versus profit Rs 1.29 crore; revenue falls to Rs 113.65 crore versus Rs 1,709 crore YoY.

UltraTech Cement: Company is proposing to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 250 crore on

private placement basis.

Ashapura Minechem: Rajnikant Pajwani resigned as Chief Executive Officer of the company.

Arshiya: Santosh Maheshwari resigned as Group President and Chief Financial Officer.

Shri Dinesh Mills: Company discontinued manufacturing of woolen & worsted fabrics at Ankleshwar and Vadodara units.

CIMMCO: Vineet Mohta resigned as Chief Financial Officer of the company due to personal reasons.

TVS Electronics: Karthi Chandramouli resigned as Chief Financial Officer (key managerial personnel) of the company.

NGL Fine-Chem: Company has received SME 1 rating from CRISIL, which indicates the highest creditworthiness and considered to have an adequate degree of safety regarding timely servicing of financial obligations.

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