Monday, 10 October 2016

Today's Stock in News

Sensex up over 100pts, Nifty above 8700; ITC, Tata Steel gain 1%. For more information visit &
 Give Missed Call @ 78-79-88-11-22.

ITC, Axis Bank, Tata Motors, Lupin and Cipla are top gainers while Bharti Airtel are losers in the Sensex.  

MOIL: Moil has submitted to BSE a Post-Buyback public announcement for the buyback of 3,48,12,196 fully paid-up equity shares of the Company of the face value of Rs. 10 each at a price of Rs 248 per equity share on a proportionate basis from the equity shareholders of the Company, through the tender offer route.
Dr. Reddy's Laboratories: Dr. Reddy's Laboratories announced its entry into the Colombian market with its portfolio of cancer drugs.
Oil India Ltd: The company received environment clearance for Rs 220 crore development drilling project in Jaisalmer district of Rajasthan.
Essar Oil: The Indian conglomerate aims to sign a binding deal in the next two weeks to sell 49% of Essar Oil to Rosneft, according to the people, who asked not to be identified because the information is private, as per media report.
A2Z Infra Engineering: The company has bagged order worth Rs 96 crore from Jharkhand Urja Sancharan Nigam (JUSNL). The order is for design, engineering, supply, erection, testing and commissioning on turnkey basis of deposit work of SAIL.
Deepak Nitrite: Deepak Nitrate via special resolution approved the issue of equity shares through qualified institutional placement.
JSW Steel: The estimated reserves of the five mines is 111 million tonnes, was won by the JSW Steel at the auction held between October 1-6, as per media report.
Ajanta Pharma: Ajanta Pharma said its new formulations facility at Guwahati will be commercialised before March 2017.
Reliance Communications: Reliance Communications said Bombay High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd, that operates under the MTS brand, as per media reports.
Redington (India): Standard Chartered Private Equity has increased its stake in Redington (India) by acquiring 3.48% shares in the company, taking up the total shareholding to 15.41%, worth over Rs 1.50 billion, as per media report.
Reliance Defence: Reliance Defence and Engineering Ltd, a subsidiary of Reliance Infrastructure Ltd, has signed a memorandum of understanding (MoU) with ALLRIG USA for services in the oil and gas sector in India and the south-east region.
Adani Transmission: Adani Transmission has completed the acquisition of the GMR Energy transmission assets, which it bought in July this year.
ONGC: ONGC has signed a preliminary pact to acquire a stake and operate the KG Basin block of Gujarat State Petroleum Corp. (GSPC), which had announced a major natural gas discovery and spent $3 bn to develop it.

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