Tuesday, June 21, 2016

Stocks in news: InterGlobe, Britannia, IndusInd, Tata Comm, TCS

Mahanagar Gas IPO
-IPO opens today and closes on June 23
-Offer for sale of upto 2.47 crore equity shares (issue represent 25 percent of the post issue paid-up capital)
-Price band Rs 380-421/share
-Looking to raise Rs 938-1,040 crore
Tata Communications
-Puts ATM business on block: ET
-Eyes valuation of Rs 1,350 crore; approaches buyers in Japan and US
IndusInd Bank
-In advanced talks to buy Rs 1,000 crore worth non-performing assets (NPAs) from Spandana Sphoorty Financial: ET
-Also looking to buy preferential share of Spandana worth Rs 780 crore
Quick Service Restaurant like Westlife, Britannia and Jubilant Foodworks:
-Food regulator removes two additives from the permissible list
-Food Safety and Standards Authority of India excludes potassium bromate from the list of permissible additives
Auto companies
-Nodal agency may be set up to launch probe into safety issues and recommend recall: ET
-Auto companies shunning recall may face penalties
Other stocks and sectors that are in news today:
-Aurobindo Pharma USA receives US FDA tentative approval for Efavirenz tablet
-Aviation stocks (Jet Airways, SpiceJet, InterGlobe Aviation) in focus: May passenger growth very strong, up 22 percent at 87 lakh passengers
-Andhra Bank to raise Rs 1,000 crore from bonds
-Nestle looks to launch 25 new products to fend off competition from Patanjali
-Indian coffee stocks - Positive for Indian coffee makers as rains spoil Brazil coffee harvest: ET
-TCS, Sernova Financial enter into strategic partnership
-Reliance Communications/Aircel merger talks extended by a couple of weeks: BS
-Kesar Terminals board meeting on June 24 to consider issue of bonus shares
-Apollo Hospitals ties Up with Hainan Ecological Smart City Group, China to build a state-of-the art hospital in Hainan Province, China
-Quick Heal launches cyber security consulting and education services named ‘Seqrite Services’ and ‘Quick Heal Academy’
-GOL Offshore gets shareholder nod to convert loan into equity
-Government leaves interest rate for small savings schemes for July-September unchanged

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