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Stocks In News

 

IOC

Raises Petrol Price by 10 Paise/Ltr for Friday, Ex-Delhi

Hikes Diesel Price by 9 Paise/Ltr for Friday, Ex-Delhi

VEDANTA

Vedanta sees golden opportunity to buy Deccan Gold Mines

Vedanta is negotiating to buy a 26% stake

ESSAR OIL

Ruias strike complex royalty deal with new owners of Essar Oil

Ruias would receive royalty as they continue to use the ‘Essar’ brand

The $12.9 billion deal which includes loan liability of Essar Oil is expected soon

Close to $3 billion would go towards normalising the working capital level

Rosneft would buy 49% stake in Essar Oil’s refinery, port and petrol pumps

2% would be held by Ruias

DHANLAXMI BANK

Financial Express Reports:

Bajaj Allianz Life Insurance has renewed its partnership the Corporate Agency agreement with the bank

Under the agreement, the bank will continue to sell products of Bajaj

PNB

Financial Express Reports:

It plans to raise Rs 3000 cr by follow on public offer, rights issue or QIP

The BoD will meet next month to consider the proposal

PNB

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

ADITYA BIRLA FASHION

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

RCOM

Financial Express Reports:

The Co has asked for time from the Mumbai NCLT

It hopes to convince China Development Bank to withdraw its objection to sale of its tower business

The Co also hopes to go ahead with the proposed merger with Aircel

L&T FINANCE HOLDINGS

L&T Finance Holdings is planning a stake sale in L&T MF

It is looking to list the co

The IPO will give L&T Finance an opportunity to monetize its investments

  • SENSEX

    32,309.88 73.42   (-0.23 %)
  • NIFTY

    10,014.50 6.05   (-0.06 %)
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News In Brief

 

    Fire at hospital in Kolkata triggers panic

    Kolkata: A fire broke out at the state-run National Medical College and Hospital here on Saturday triggering panic among the patients and visitors, officials and eyewitnesses.  The blaze broke out at 12.05 p.m. on the fifth floor of the hospital in Beniapukur in southeast Kolkata.

    "Four fire tenders were pressed into service. The blaze died down before the vehicles reached the spot," a fire department official said.  According to family members of the patients, thick smoke engulfed the site, obstructing vision.  

    "It was difficult to see what was happening. We panicked. The authorities did not let us go in due to the fire. We were shunted out," a visitor said.

    (IANS)

    Media not allowed entry in Mirwaiz's home for press conference

    Srinagar: Police today did not allow mediapersons to enter the residence of Hurriyat Conference chairman Mirwaiz Umar Farooq for a proposed press conference. A posse of policemen were deployed outside Mirwaiz's residence in Nigeen area here and concertina wires were laid on either side of the lane.

    Police told the journalists that since Mirwaiz was under house arrest, no one was allowed to meet him. "As Mirwaiz was supposed to address the press conference at 3 pm today, the authorities deployed the heavy contingent of forces to prevent him from addressing the press," a spokesman of the Hurriyat said.

    Mirwaiz plans to now address journalists through social media at 4.30 pm.

    (PTI)

    NTPC Q1 net profit up 12%

    Mumbai: Power utility major NTPC on Saturday reported a 12 per cent rise in its standalone net profit for the first quarter (Q1) of 2017-18.  According to the company, its profit after tax for the quarter increased to Rs 2,618.17 crore from Rs 2,338.61 crore during the corresponding period in 2016-17.  

    NTPC informed the BSE that its total income for Q1, 2017-18 rose by seven per cent to Rs 20,541.93 crore from Rs 19,220.80 crore during the corresponding quarter of the previous financial year.

    "During Q1 of FY 2017-18, NTPC group generated 71.606 billion units against 71.501 billion units generated in the corresponding period of the previous year," the company said in a statement.   "On a standalone basis, NTPC generated 64.411 billion units," it said.

    (IANS)

    China urges North Korea to stop acts that could worsen tensions

    Beijing: China urged North Korea on Saturday to respect United Nations Security Council resolutions and stop all acts that could worsen tensions on the Korean peninsula, after the isolated state launched another missile.

    China also hopes that all parties can act with caution to prevent the situation from escalating, the Foreign Ministry said in a statement.

    (Reuters)

    Indian Navy honours widows of Royal Indian Navy sailors

    Kannur: Six widows of sailors of the erstwhile Royal Indian Navy who took part in the RIN Mutiny of 1946 were honoured by the Indian Navy at a function here on Saturday.

    The felicitation at the Indian Naval Academy was held to recognise the services of the Royal Indian Navy (RIN) sailors who were dismissed from service by the erstwhile British rulers for their involvement in the rebellion.

    Vice Admiral S.V. Bhokare, Commandant, INA, presented an honorarium of Rs 1 lakh each to the six widows.  

    The Naval uprising that lasted five days began at the Bombay harbour on February 18, 1946 and soon spread to Calcutta and Madras before it was suppressed.Several sailors were thereafter discharged from service.

    (IANS)

    Nepal-funded greenhouse built in Kabul

    Kabul: A greenhouse to grow fruit has been constructed with Nepal's financial support in Kabul's Paghman district, the Afghan Agriculture Irrigation and Livestock Ministry said on Saturday.

    With a capacity of 60 tons, the greenhouse was built by the $36,000 provided by Nepal within the framework of South Asian Association for Regional Cooperation (Saarc), Xinhua news agency reported.  

    The ministry has so far built more than 2,800 greenhouses across the country to grow vegetables and fruits.

    (IANS)

    BSP legislator quits party, joins BJP

    Lucknow: Bahujan Samaj Party (BSP) legislator Thakur Jaiveer Singh, who was a minister in the Mayawati government during her 2007-2012 reign, quit the party on Saturday and joined the Bharatiya Janata Party (BJP).  

    Singh was a member of the legislative council.  His nephew Upendra Singh 'Neetu', the district panchayat chief of Aligarh, also joined the saffron camp on Saturday.  

    The desertion in BSP coincides with the resignation of three senior Samajwadi Party (SP) legislators earlier in the day.

    (IANS)

    RJD leader shot dead in Bihar

    A Rashtriya Janata Dal (RJD) leader was shot dead on Saturday by unidentified assailants in Bihar's Siwan district, police said.  "A group of armed unidentified assailants shot five bullets into Minhaj Khan's head while he was sleeping in his house in Sheikhpura village," district police officer Sanjit Kumar said.

    According to the police, Khan was a popular leader among youths and he had nearly 5,000 followers on social media.  He is also said to be close to former Siwan MP Mohammad Shahabuddin who is currently in prison.

    (IANS)

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