Oil India | Vodafone Idea | HUDCO | NHPC| REC| HDFC and DHFL are stocks, which are in news today.
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.
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