Kwality Wall's wins lawsuit against Amul’s ice cream advertisement
-Bombay High Court orders Amul to stop broadcasting advertisement with immediate effect
Alert: HUL & Amul were in legal battle over latter's ice cream advertisement since March 2017
Telecom data in May
-Bharti Airtel adds 21 lakh subscribers
-Idea Cellular adds 1.9 lakh subscribers
-Aircel adds 1.7 lakh subscribers
-Reliance Jio adds 11.2 crore subscribers
Asian Paints
-Enters share purchase agreement with Ansa Coatings International
-Agreement to divest entire stake in Lewis Berger (overseas holdings)
Lanco Infratech
-RBI directs IDBI Bank to initiate corporate insolvency Resolution process against the company
-FY17 debt Rs 43,501 crore
-Interest cost for FY17 Rs 2,995 crore (double of EBITDA)
Kamat Hotels CMD Vithal Kamat says
-Would have preferred a uniform rate for hotels at 18 percent above Rs 2,500
-Welcome the rate but industry would have preferred uniform rate for hotels
-28 percent tax on hotels above Rs 7,500 will divert weddings out of India
Other stocks and sectors that are in news today:
-Dr Reddy's Labs' Form 483 issued with one observation by US FDA at Srikakulam plant (SEZ) unit I
-MSP Steels to convert non cumulative preference shares into equity shares under S4A scheme
-NTPC's 225 MW out of 250 MW of Mandsaur solar power project has been commissioned
-IndusInd Bank acquires 75 lakh shares of Kesoram Industries, on exercise of conversion option on preference shares
-Bharat Financial assigns pool of receivables of an aggregate value of Rs 539.67 crore to one of the largest public sector banks on a direct assignment basis
-Fitch assigns rating of BBB-to Netherland's subsidiary of Motherson Sumi
-Monnet Ispat clarifies that company has not filed for bankruptcy
-Nucleus Software's buy-back of upto 33,43,000 equity shares, representing 10.32 percent of the total paid-up equity, at final buyback price of Rs 350/share
-Omkar Speciality Chemicals to raise funds upto Rs 200 crore via rights issue
-VRL Logistics enters into agreement for purchase of land or cost of Rs 83 crore for construction of trans-shipment yard in Gujarat
-Can Fin Homes board meeting on June 23 to discuss further issue of equity shares
-Medicamen Biotech board meeting on June 21 to issue convertible warrants to promoter and non promoter
-Shriram City Union to issue non-convertible debentures (NCD) worth Rs 135 crore
-DHFL to issue NCD's worth Rs 150 crore
-JSW Steel looks to raise Rs 8,000 crore via QIP
-HPCL eyes Mangalore refinery for acquisition
-Vedanta to set up steel plant in Jharkhand
-ONGC's Bassesin gas field to touch record output in 2018
-IDBI Bank to raise up to Rs 5,000 crore
-Government planning strategic sale of Dredging Corporation
-SBI may look at IPO of general insurance next fiscal
-IndusInd Bank sells Vasan's Rs 1,100 crore loan to Edelweiss
-Bank of Maharashtra: RBI initiates prompt corrective action due to high NPAs
-Tata Sons to buy Tata Steel stake in Tata Motors on or after June 23-Axis Bank revises MCLRs in short tenors, 1-year MCLR stands unchanged at 8.25 percent
-Bombay High Court orders Amul to stop broadcasting advertisement with immediate effect
Alert: HUL & Amul were in legal battle over latter's ice cream advertisement since March 2017
Telecom data in May
-Bharti Airtel adds 21 lakh subscribers
-Idea Cellular adds 1.9 lakh subscribers
-Aircel adds 1.7 lakh subscribers
-Reliance Jio adds 11.2 crore subscribers
Asian Paints
-Enters share purchase agreement with Ansa Coatings International
-Agreement to divest entire stake in Lewis Berger (overseas holdings)
Lanco Infratech
-RBI directs IDBI Bank to initiate corporate insolvency Resolution process against the company
-FY17 debt Rs 43,501 crore
-Interest cost for FY17 Rs 2,995 crore (double of EBITDA)
Kamat Hotels CMD Vithal Kamat says
-Would have preferred a uniform rate for hotels at 18 percent above Rs 2,500
-Welcome the rate but industry would have preferred uniform rate for hotels
-28 percent tax on hotels above Rs 7,500 will divert weddings out of India
Other stocks and sectors that are in news today:
-Dr Reddy's Labs' Form 483 issued with one observation by US FDA at Srikakulam plant (SEZ) unit I
-MSP Steels to convert non cumulative preference shares into equity shares under S4A scheme
-NTPC's 225 MW out of 250 MW of Mandsaur solar power project has been commissioned
-IndusInd Bank acquires 75 lakh shares of Kesoram Industries, on exercise of conversion option on preference shares
-Bharat Financial assigns pool of receivables of an aggregate value of Rs 539.67 crore to one of the largest public sector banks on a direct assignment basis
-Fitch assigns rating of BBB-to Netherland's subsidiary of Motherson Sumi
-Monnet Ispat clarifies that company has not filed for bankruptcy
-Nucleus Software's buy-back of upto 33,43,000 equity shares, representing 10.32 percent of the total paid-up equity, at final buyback price of Rs 350/share
-Omkar Speciality Chemicals to raise funds upto Rs 200 crore via rights issue
-VRL Logistics enters into agreement for purchase of land or cost of Rs 83 crore for construction of trans-shipment yard in Gujarat
-Can Fin Homes board meeting on June 23 to discuss further issue of equity shares
-Medicamen Biotech board meeting on June 21 to issue convertible warrants to promoter and non promoter
-Shriram City Union to issue non-convertible debentures (NCD) worth Rs 135 crore
-DHFL to issue NCD's worth Rs 150 crore
-JSW Steel looks to raise Rs 8,000 crore via QIP
-HPCL eyes Mangalore refinery for acquisition
-Vedanta to set up steel plant in Jharkhand
-ONGC's Bassesin gas field to touch record output in 2018
-IDBI Bank to raise up to Rs 5,000 crore
-Government planning strategic sale of Dredging Corporation
-SBI may look at IPO of general insurance next fiscal
-IndusInd Bank sells Vasan's Rs 1,100 crore loan to Edelweiss
-Bank of Maharashtra: RBI initiates prompt corrective action due to high NPAs
-Tata Sons to buy Tata Steel stake in Tata Motors on or after June 23-Axis Bank revises MCLRs in short tenors, 1-year MCLR stands unchanged at 8.25 percent
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