Monday, 3 December 2018

Tata Motors | SpiceJet | Maruti | Escorts | Biocon | Laurus Labs | Prakash Industries

Tata Motors, Maruti Suzuki, Escorts, Hero MotoCorp, Merck, Jet Airways, SpiceJet, Biocon and Laurus Labs are stocks which are in the news today.



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Tata Motors: Company witnessed a drop of 4 percent at 50,470 units in November 2018 as against 52,464 units over last year, due to low consumer sentiments as a result of liquidity crisis in the industry, higher interest rates and rising fuel costs.
Maruti Suzuki: November sales down 0.7 percent at 1.53 lakh units versus 1.54 lakh units YoY.
Mahindra & Mahindra: November auto sales up 17 percent at 45,101 units against 38,570 units YoY.
Escorts: November sales up 56.4 percent at 8,005 units versus 5,119 units YoY.
SML Isuzu: November sales up 1 percent at 688 units versus 681 units YoY.
Eicher Motors: Commercial vehicle sales dropped to 4,720 units in November 2018 against 4,916 units in same month last year.
Atul Auto: Sales increased 12.60 percent to 4,003 units in November 2018 against 3,555 units YoY.
Hero MotoCorp: Company's November sales increased to 6,10,252 units against 6,05,270 units sold in November 2017.
Merck: Company completed divesting consumer health business to Procter & Gamble (P&G) at a cash purchase price of 3.4 billion euro.
Sun Pharma: SEBI likely to re-open an insider trading case against Company; and whistleblower approaches SEBI w.r.t irregularities by promoter Dilip Shanghvi & Others - PTI Sources.
Sudhir Valia, ED, Sun Pharma told CNBC-TV18: The company has no idea about the insider trading case against itself, has no communication.
Jet Airways, SpiceJet, InterGlobe Aviation: ATF prices for domestic airlines cut by 11 percent to Rs 68,051/kL.
Biocon: Company gets European Union regulator nod for biosimilar Pegfilgrastim.
Vodafone Idea: Company seeks shareholder nod to appoint Balesh Sharma as CEO.
Laurus Labs: Company and Aspen Pharmacare, South Africa launched a new HIV drug with the triple combination of Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (DLT) in South Africa.
Bank of Maharashtra: AS Rajeev is appointed as Managing Director & Chief Executive Officer of the bank for a period of three years.
Vodafone Idea: NCLT approved the Scheme of Amalgamation of Aditya Birla Telecom Limited (a wholly owned subsidiary) with Vodafone Idea Limited.
GOCL Corporation: NCLT sanctioned the Scheme of Arrangement for merger of two wholly owned subsidiaries namely, IDL Buildware Limited and Gulf Caressorie India Limited with the company.
Mindtree: NCLT approved the Scheme of Amalgamation of Magnet 360, LLC (transferor company), the wholly owned subsidiary of the transferee company with Mindtree Limited (transferee company).
Vikas Proppant & Granite: Company planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.
Narayani Steels: Board meeting is scheduled on December 3 to consider the proposal of migration of the company from SME Platform to the Main Board of BSE Limited.
Monte Carlo Fashions: Board appointed Raj Kapoor Sharma as CFO of the company.
Monte Carlo Fashions: Board approved the proposal for buy-back of fully paid-up equity shares not exceeding 10 lakh shares (representing 4.60 percent of the total paid up equity) at a maximum price of Rs 550 per share for an aggregate maximum amount of Rs 55 crore.
TV Today Network: Vivek Khanna resigned from the position of Chief Executive Officer of the company to pursue other professional opportunities.
RMG Alloy Steel: India Ratings & Research Private Limited assigned BBB-/stable rating for long term borrowings.
Orissa Bengal Carrier: Board approved loan facility of Rs 7 crore from Kotak Mahindra Bank for the purpose of meeting the working capital requirements.
Borosil Glass Works: Company has made additional investment of Rs 2.45 crore by way of subscription towards the first and final call of Rs 5 each in the rights issue of equity shares of Borosil Technologies (formerly known as Borosil Glass Limited), a wholly owned subsidiary company.
Orchid Pharma Q1FY19: Loss at Rs 46 crore versus loss at Rs 114.5 crore; revenue falls to Rs 130.65 crore versus Rs 139.6 crore YoY.
Sun Pharma: Scheme of Arrangement among Sun Pharma Global FZE and Sun Pharmaceutical Industries and their respective members and creditors for demerger of the Specified Undertaking of Sun Pharma Global FZE into the company, is effective from December 1.
Cadila Healthcare: Zydus receives final approvals from the USFDA for Teriflunomide tablets, which is used to treat relapsing forms of multiple sclerosis.
Sandhar Technologies: Company has signed a joint venture agreement with Kwangsung Corporation Ltd., Republic of Korea.
Prakash Industries: Company is likely to record growth of around 30 percent in sales volumes and 40 percent in sales realisation in Q3FY19 as compared to the same quarter last year.
BHEL: Company despatches its 40th nuclear steam generator to NPCIL for installation at Rawatbhata Atomic Power Project.
Genus Paper & Boards: Company has terminated the lease agreement for Kraft paper manufacturing facility located at Kashipur, Uttarakhand.
Ashiana Housing: Company has entered into a management agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate, the 'Utsav Care Homes' - Bhiwadi (Rajasthan), a part of Senior Living development 'Ashiana Utsav'.
Brigade Enterprises: Brigade announces the launch of Plumeria Lifestyle at Brigade Meadows, Bangalore.
Warren Tea: Long term rating of the company has been revised from BBB+ to BBB and the short term rating has been revised from A2 to A3+.
United Bank of India: Ashwini Kumar Jha is appointed as Chief Financial Officer of the bank.
Mahindra & Mahindra Financial Services: Company has achieved its highest ever volume of financing 84,000 vehicles/tractors in November.
Vaarad Ventures: Company has transferred its all equity share (39.58 percent) held in Anewera Marketing Private Limited to ATCOM Technologies.
VIP Clothing: Company will not be continue, the Eminence licence agreement entered with Eminence group for manufacturing and marketing of undergarment under brand name called EMINENCE, which is due for expiry on December 31, 2018. The contribution towards sales from Eminence brand was not significant and hence company won't be renewing said agreement further.
Vimta Labs: M Murali Mohana Rao, Chief Financial Officer has resigned from his services of the company.
Shanti Educational Initiatives: Company received in-principle approval from BSE for migration of equity shares of company from SME to main board of BSE.
Orient Bell: Board approved appointment of Himanshu Jindal as Chief Financial Officer (CFO) of the company.
Indsil Hydro Power and Manganese: Company has leased out a part of specified plant & machinery at Raipur to Nikita Metachem Private Limited, Raipur for an initial period of one year.

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