Stock Corner
1.
Reliance
Industries clarified on the news regarding Department of Telecommunications
rejecting Reliance Communication-Jio spectrum deal stating that a
correspondence was received by the company from DoT on Dec. 18 with respect to
application and the company is seeking appropriate clarifications in this
regard.
2.
Canara Bank
board decided to raise additional Tier I capital through Basel III compliant
additional Tier I perpetual bonds in rupee terms for an amount not exceeding
Rs3,000cr in single tranche or in multiple tranches, depending on the market
conditions & subject to necessary approvals.
3.
Uflex
launched three packaging foil solutions for pharma companies. Executive
Director Amitava Ray said that the ‘fast tear strip’ foil will prove to be a
game-changer for the pharma industry globally and they saw a potential growth
market of 5,000 tons annually in India.
4.
Coal India
seeks to buy coking coal mines in Australia and Canada. The state run-miner has
identified “certain assets’, which are under different stages of due diligence,
Coal Minister Piyush Goyal tells lawmakers in a written reply to questions, as
per media reports.
5.
Tata
Consultancy Services launched Cloud Solutions Program in Canada. This solution
provides cloud infrastructure and secured functioning between premise and
public cloud environment.
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