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Stocks in the news: Essel Propack, Duke Offshore, Majesco, Vyapar
Industries, Valecha Engg: Indian equity benchmarks
Sensex and Nifty jumped higher in opening deals on Wednesday, mirroring the
upbeat sentiment of other major Asian peers.
Asian stocks advanced to 4.5 month highs on Wednesday as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their year-long tariff war, Reuters reported.
A new round of talks between the two countries, to find an amicable solution to the trade-related issues, started on Tuesday and Friday.
Here are stock's that are in the news
today:
Results on February 20: Mahindra CIE Automotive, Mayor Leather
Products, Metalyst Forgings, Rollatainers, Sang Froid Labs (India)
Essel Propack: Company further received Rs 40 corer
towards repayment of outstanding dues of Inter corporate deposit. It has
already received Rs 25.30 crore in last month. The balance amount is expected
to be received by March 2019.
Duke Offshore: The Company received
a prestigious contract from Daewoo - Tata projects Limited JV to provide one
initial high speed vessel to support construction for the Mumbai Trans Harbour
Link project.
ICICI Bank: allotted 59,891 equity shares
under ESOS
Ramco Cements: Green Products and Services
Council of Confederation of Indian Industry has renewed the GreenPro
Certification for our Company's flagship product - RAMCO SUPERGRADE
Seya Industries: to hold EGM on March 12, 2019
Aarti Industries: Collaborates with Global Chemical
Conglomerate to develop and supply High Value Specialty Chemical Intermediate
worth USD 125 million for a 10 year supply period
Prism Johnson: issued a LOI (Letter of Intent)
for EPC (Engineering, Procurement and Construction) contract for setting up a
Waste Heat Recovery based Power Generation System of peak capacity 22.50 MW to
be located at its cement manufacturing facility near village Mankahari,
District Satna, Madhya Pradesh.
Genus Power Infrastructures: India Ratings and Research affirmed
the company's long-term issuer rating at A+ with stable outlook.
The Investment Trust of India: Company approved revised Scheme of
Arrangement between United Petro Finance Limited (demerged company) and Fortune
Credit Capital Limited (resulting company).
Bajaj Healthcare: Board approved issue of bonus shares
in the ratio of one equity share for every one existing equity share held by
the members.
Valecha Engineering: Loss at Rs 16 crore versus
loss Rs 13.2 crore; revenue rises to Rs 56.5 crore versus Rs 43.22 crore YoY.
Vedanta: The company is not in the process of
submitting any revised bid for Essar Steel under the IBC process.
The Byke Hospitality: CARE assigned BBB+ rating with
negative outlook for company's long term bank facilities.
Majesco: American Public Life Insurance Company
selects Majesco L&A and Group Core Suite.
Yes Bank: clarified on RBI's Risk Assessment
Report for FY-18: The bank said the release on RBI Report made with an intention
to be fully compliant with SEBI regulations.
Maharashtra Seamless: Company paid Rs 477 crore for
acquisition of United Seamless Tabulaar.
JK Tyre: Sanjeev Aggarwal appointed as CFO.
Ashok K Kinra ceased to be CFO but will continue with the company as a
financial adviser.
Vedanta: Company will proceed with next steps
of filing a writ petition before Madras HC to reopen company's Tamil Nadu
unit.
Jaypee Infratech: Promoters offer to withdraw company.
from insolvency U/Sec 12A of IBC. Jaiprakash Associates offers Rs 1,500 crore
to creditors versus Rs 8,125 crore owed as principal amount, offers Rs 4,858
crore as debt asset swap, offers Rs 2,000 crore as optionally convertible
debentures and seeks a waiver of Rs 1,425 crore interest payment from financial
creditors - CNBC-TV18 sources.
