Stocks In News - 01-03-2019

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Stocks in the news: Bharti Airtel, DHFL, ABB India, Jet Airways, Infosys, Forbes & Company
Jet Airways | Infosys | Forbes & Company | Rossell India | Metalyst Forgings and National Steel are stocks which are in the news today.

Here are stocks that are in the news today:

 Results on March 1: ABB India(CY18), Ceenik Exports, Resurgere Mines

 DHFL: CARE withdraws rating of the company. CRISIL downgrades commerical papers & short-term deposit rating to A1 from A1+.

 Nitin Castings: Company has fixed March 15 as the record date for the purpose of sub-division of each equity share of the face value of Rs 10 each fully paid-up into two equity shares of Rs 5 fully paid-up.

 Brigade Enterprises: Company appointed Rajendra Joshi as Chief Executive Officer Designate - Residential [SBU].

 Metalyst Forgings Q3: Loss at Rs 63.82 crore versus loss Rs 137 crore; revenue rises to Rs 89.4 crore versus Rs 79.62 crore YoY.

 Nu Tek India: Company announced resignation of Ashish Bankar from the post of Chief Financial Officer.

 HDFC Bank: The bank has executed an agreement for subscribing to 37,993 equity shares of face value of Rs 1,000 each to be issued by CSC E- Governance Services India Limited (CSC) at Rs. 3,848 per equity share.

 Bharti Airtel: Board approved the fund raising of upto Rs 32,000 crore through rights issuance of upto Rs 25,000 crore; and Perpetual Bond with equity credit upto Rs 7,000 crore.

 Kotak Mahindra Bank: The bank revises marginal cost of funds based lending rate downwards by up to 5 bps.

 Forbes & Company: Board approved the sale of 50 percent business undertaking in Project Vicinia, on a going concern and as-is-where-is basis by way of slum sale for a consideration of Rs 155 crore to Paikar Real Estate Private Limited.

 Central Bank of India: Board allotted 38,74,39,390 equity shares to President of India (Government of India) on preferential basis, aggregating upto Rs 1,678 crore.
Rossell India: ICRA revised its long term rating on company's line of credit facilities to BBB+ with stable outlook from A- with negative outlook.

Majesco: Company announces major update for distribution management.
National Steel & Agro Industries Q3: Loss at Rs 151.5 crore versus profit Rs 6.26 crore; revenue falls to Rs 196.90 crore versus Rs 1,029 crore YoY.
Infosys: On February 13, Kiran Mazumdar-Shaw, Lead Independent Director of the company, had inadvertently, through her portfolio management services, sold 1,600 shares of company without obtaining pre-clearance of trade. The trade occurred when the trading window was open. Audit Committee imposed on Mazumdar-Shaw, a penalty of Rs 9.5 lakh which amount shall be payable to a charitable organisation of her choice.
EPC Industrie: Name of the company has been changed to Mahindra EPC Irrigation with effect from February 28.
Kedia Construction: Company fixed March 15 as the record date for the purpose of sub-division of each equity share of the face value of Rs 10 each fully paid-up into two equity shares of Rs 5 each fully paid-up.
Orient Tradelink: Board approved sub-division of face value of equity shares from Rs 10 to Rs 2 per equity share of the company.
Circuit Limit Update: BSE revised circuit limit for SREI Infrastructure Finance, Reliance Communications, Adroit Infotech, Andhra Cements, Transwarranty Finance to 20 percent; Sankhya Infotech to 10 percent; Orient Green Power Company to 5 percent; and Ejecta Marketing to 2 percent.
RPP Infra: Promoter sold 2.55 lakhs shares on February 26
IndusInd Bank: Buyback opens on February 28 & closes on March 14
REC: Company extended the consent fee deadline from March 1 to March 8.
Chambal Fertilisers: Voluntary liquidation of India Steamship International FZE WOS in UAE, was not having any business operations
Motherson Sumi Systems: Company announces acquisition of Bombardier’s UK rolling stock electrical component and systems business
Vedanta: Board meeting March 3 to consider second interim dividend
L&T: Post February 18 clarification - the company also briefed the Audit Committee of the management-initiated investigation conducted by leading law firms in USA and India with the help of forensic experts from Hong Kong in 2017


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