Thursday, 1 June 2017

Stocks in the news: Hindalco, Vedanta, Kolte-Patil, Pfizer, HDIL, IOC, Future Market

Hindalco | Vedanta | Kolte-Patil | Bharat Gears | Ramkrishna Forgings | Pfizer | JK Paper | Future Market Network | HDIL | Oberoi Realty | Godrej Properties | IOC are stocks, which are in the news today.

Power projects: Sources
-UP government cancels power purchase agreements of 7 power projects of 7,040 MW capacity
-UP government to encash bank guarantee of Rs 352 crore from the 7 power projects
-Cancelled projects includes plants of Lanco, Bajaj Energy, Welspun Energy
-Cancelled projects includes plants of Parikh Aluminax, Unitech Machines
-Cancelled projects includes plant of Creative Thermolyte
-UP government also cancelled bids for 3,800 MW in May this year

Other stocks and sectors that are in news today:
-Capital International sold entire stake in Reliance Communications via block deal on Wednesday: Sources
-Dr Reddy's gets US FDA nod for Bivalirudin injectable (a specific & reversible direct thrombin inhibitor)
-MOIL increases prices by 10 percent across categories
-IOC, HPCL, BPCL in focus: Petrol price hiked by Rs 1.23 per litre, diesel price hiked by 89 paise per litre
-Jet Airways, InterGlobe Aviation, SpiceJet in focus: Jet fuel prices cut by (3.8 percent) Rs 1,981/kl in Delhi
-Kolte-Patil completes Phase I of its ‘Three Jewels' project in Pune in 36 months
-Bharat Gears considered and approved the proposal to avail a term loan of Rs 110 crore from KKR India Financial Services
-Ramkrishna Forgings to raise funds through QIP for an amount not exceeding Rs 200 crore
-JK Paper to consider allotment of equity shares of the company consequent to conversion notices received from one of the foreign currency convertible bonds (FCCBs) holder
-Pfizer entered into an acquisition agreement with AstraZeneca AB, Sweden to which the brand 'Neksium' is being acquired by the company in India for a consideration of Rs 75 crore
-Future Market Network has executed a share purchase agreement with IL&FS Township and Urban Assets (ITUAL) to acquire 50 percent equity share capital
-HDIL, Oberoi Realty, Godrej Properties in focus: Realty buyers in Maharashtra to now pay VAT on staggered payments: ET
-Indian Hotels to probe charges against Ginger CEO
-IOC and partners in talks to buy stake in Russia’s Vankor: ET
-Aditya Birla Fashion to cut price points, to focus on value chain: FE
-Hindalco to set up aluminium plant for defence sector: Mint
-Tata Group in focus as Tata Sons Chairman Natarajan Chandrasekaran kicks off divestent plan
-SBI keeps interest rates under MCLR unchanged-Vedanta gets environment nod for Rs 3,240 crore Ravva field expansion: Cogencis

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