TOP CORPORATE NEWS:- 28 Nov 2017

top corporate news
TOP Headlines Of The Day:- 28 Nov 2017

Glenmark’s HIMACHAL PRADESH unit gets US FDA Form 483
HDIL gets shareholders’ approval to issue 2cr warrants to promoter
IDBI Bank has seen up as bank to sell 1.5% stake in NSE
Ashok Leyland in pact with Hino Motors (Japan) to develop BS-VI engines
Maruti Suzuki at lifetime high; stock up 1%

Glenmark’s HIMACHAL PRADESH unit gets US FDA Form 483
Shares of Glenmark Pharmaceuticals are likely to fall after the company’s Baddi, Himachal Pradesh facility has received a Form 483 with seven observations from the US Food and Drug Administration, as per media reports.
The facility was inspected between Nov 6 and Nov 11, the report said.
The Baddi facility was recently cleared by the UK Medicines and Healthcare product Regulatory Agency for complying with its good manufacturing practices.

HDIL gets shareholders’ approval to issue 2cr warrants to promoter
Yesterday, the shareholders of HDIL approved the issue of up to 2cr warrants, convertible into equivalent number of Equity Shares of Rs10 each to
Sarang Wadhawan. The issue is to be carried out in one or more tranches. The issue had been approved by the board of the company in an earlier meeting on November 14.
The management intends to use the proceeds of the preferential issue of the warrants for long-term working capital purposes.
The warrant issue increases the number of shares held to 45.4cr, an increase of 4.6%.

IDBI Bank has seen up as bank to sell 1.5% stake in NSE
Shares of IDBI Bank are likely to gain after the bank’s board approved the sale of its 1.5% stake in the country’s largest stock exchange NSE.
The bank’s stake in the stock exchange is valued at nearly Rs750cr, according to reports.
IDBI Bank, which is under prompt corrective action plan imposed by the Reserve Bank of India, has been trying to raise capital by exiting non-core
assets.

Ashok Leyland in pact with Hino Motors (Japan) to develop BS-VI engines
Ashok Leyland Ltd and Hino Motors Ltd. Japan (henceforth referred to as Hino) have entered into a Mutual Cooperation Agreement (MCA) where Ashok
Leyland will utilize Hino’s engine technology for Ashok Leyland’s EURO-VI development and will support the development of Hino’s engine parts purchasing in India for global operation.
Hino and Ashok Leyland have had a cooperative agreement for engine production in India since 1986. By this mutual cooperation agreement, both companies will leverage each other’s strengths in diesel engines to enhance their competitiveness.
Ashok Leyland will enhance its competitiveness by jointly developing engines for BS-VI compliance in India through the engine technology of Hino Motors.

Maruti Suzuki at lifetime high; stock up 1%
Shares of Maruti Suzuki India hit a lifetime high of Rs8, 658 on an expectation of robust monthly sales that the company will detail later this week.
The company sold a total of 146,446 units in October 2017, growing 9.5% over the same period of last fiscal. This includes 136,000 units in the domestic market and 10,446 units of exports. The company had sold a total of 133,793 units in October 2016.

Capitalstars is an Award Winning, SEBI Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & forex trading calls with profit in your trading.

Also Visit:-
capitalstars quick payment
capitalstars career

GET MORE DETAILS HERE:-

Trading Tips
Stock Tips
Stock Advisory Company
Financial Advisory company
Share Market Company
Forex trading tips
Currency Tips

* INVESTMENT & TRADING IN SECURITIES MARKET IS ALWAYS SUBJECTED TO MARKET RISKS, PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE PERFORMANCE.
* CAPITALSTARS INVESTMENT ADVISER: SEBI REGISTRATION NUMBER: INA000001647

 

Advertisements