Stocks in news 27.02.2019

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Stocks in the news: Max India, Allahabad Bank, Corporation Bank, GMR, United Bank, Bharat Financial GMR Infrastructure | United Bank of India | Panacea Biotec | Time Technoplast | Bharat Financial Inclusion and Sanofi India are stocks which are in the news today.

Here are stocks that are in the news today:

 Results on February 27: Metalyst Forgings, Nitin Fire Protection, Rain Industries, Vesuvius India, KSB, Merck.

 Max India: Board approves selling 51 percent stake in Max Bupa Health Insurance for Rs 510 crore to True North. Enterprise value Rs 1,001 crore and company to complete Max Bupa stake sale in FY20.

 BSE Limited: SP Kothari resigns as shareholder director to join Securities Exchange Commission, Washington.

 PSU Banks: RBI removes Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from Prompt Corrective Action framework.

 Greycells Education: American University of Ras Al-Khaimah (AURAK) has entered into a partnership with EMDI - Dubai, a wholly owned subsidiary of the company.
Future Retail: CARE reaffirmed A1+ rating for company's commercial paper.

MCX: Board of directors recommended the name of P S Reddy as the MD & CEO and a KMP of the Exchange to SEBI for seeking its approval.
Central Bank of India: Capital Raising Committee of the bank approved raising of equity capital by issuance and allotment of, upto 68,72,48,322 equity shares at the issue price of Rs 37.25 per share, aggregating to Rs 2,560 crore to government on preferential basis.
GMR Infrastructure: GMR Airports emerges as the highest bidder for greenfield airport at Bhogapuram in Andhra Pradesh.
ONGC: Its arm, Mozambique partners in LNG pact with Tokyo Gas & others.
IFCI: CARE cuts company's long term rating to BBB and downgraded NCD ratings to A- from ABBB+.
MRF: Workers call off strike at Chennai’s Tiruvottiyur plant.
Unichem Labs: Company filed plea with European Union court of justice versus general court order which upheld fine on company in Perindropil case.
Tata Steel: Board approves raising fund up to Rs 5,000 crore via NCDs.
Majesco: Company completed its previously announced rights offering pursuant to which 6,123,463 shares of Majesco's common stock will be issued, resulting in gross proceeds to Majesco of approximately $43.5 million.
United Bank of India: CRISIL has downgraded its ratings from A to A- / Stable for Rs 300 crore Tier I perpetual bonds (under BASELII), from AA- to A+ / Stable for Rs 209 crore lower Tier II bonds (under BASELII) and from AA- to A+ / Stable for Rs 1,490 crore Tier II Bonds (under BASELIII).
Bank of Maharashtra: Board approved the proposal of raising of equity capital upto Rs 205 crore by way of issue of equity shares to Government on preferential basis.

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