STOCKS NEWS TODAY – 26.08.2016
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* CAIRN INDIA: India has time to respond till November to parent's demand for $5.6 bln compensation in the retrospective tax case.
* COX & KINGS: Smallcap World Fund has sold 2.04 mln shares, or 1.16% stake, in the company
through bulk deals on the exchanges.
* DEWAN HOUSING FINANCE CORP: Plans to raise at least 20 bln rupees through the second tranche of the public issue of non-convertible debentures maturing in three, five, and seven years.
* EROS INTERNATIONAL MEDIA: Has signed a pact with Reliance Jio Infocomm, where Eros will provide entertainment content service ErosNow on Jio's platform.
* ICICI BANK: The Reserve Bank of India has retained the bank as domestic systemically important bank in 2016, with the same percentage of extra capital requirement as was announced in August 2015.
* IDBI BANK: Around 13 foreign and domestic funds have lined up to acquire 3% stake of the bank in National Stock Exchange's initial public offer.
* INDIAN HOTELS CO: Has received the approval of its shareholders to raise up to 7 bln rupees through issuance of non-convertible debentures on a private placement basis.
* JET AIRWAYS INDIA: Has introduced 'priority advantage' service for its passengers flying economy class allowing them to check-in at special counters.
* Larsen & Toubro: A.M. Naik, executive chairman of the company has pledged 75% of his income to charity as he gets ready to step down from active leadership of the company next year.
* MANDHANA INDUSTRIES: Arm Mandhana Retail Ventures has signed a deal with actor Salman
Khan's clothing brand 'Being Human' to exclusively market, distribute and sell products under the brand.
* NATIONAL ALUMINIUM CO: Offer to buyback shares will open on Aug 30 and close on Sep 14. The company plans to buy back up to 644.3 mln shares at 44 rupees per share.
* STATE BANK OF INDIA: The Reserve Bank of India has retained the bank as domestic systemically important bank in 2016, with the same percentage of extra capital requirement as was announced in August 2015. The bank along with PUNJAB NATIONAL BANK is on a drive to auction properties to recover dues. It will sell 1,107 properties online on Sep 7, that carry a reserve price of 25 bln rupees.
* TATA COMMUNICATIONS: Has filed a complaint with the Economic Offences Wing of the Mumbai police against Sharepro Services India after an internal audit found irregularities in the securities records maintained by the latter.
* TATA CONSULTANCY SERVICES: Has customised its analytics software to cater to retail
companies
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* BIOCON: The European Medicines Agency has accepted the company and partner Mylan's application seeking approval for marketing their proposed biosimilar Trastuzumab, used to treat breast and gastric cancer.* CAIRN INDIA: India has time to respond till November to parent's demand for $5.6 bln compensation in the retrospective tax case.
* COX & KINGS: Smallcap World Fund has sold 2.04 mln shares, or 1.16% stake, in the company
through bulk deals on the exchanges.
* DEWAN HOUSING FINANCE CORP: Plans to raise at least 20 bln rupees through the second tranche of the public issue of non-convertible debentures maturing in three, five, and seven years.
* EROS INTERNATIONAL MEDIA: Has signed a pact with Reliance Jio Infocomm, where Eros will provide entertainment content service ErosNow on Jio's platform.
* ICICI BANK: The Reserve Bank of India has retained the bank as domestic systemically important bank in 2016, with the same percentage of extra capital requirement as was announced in August 2015.
* IDBI BANK: Around 13 foreign and domestic funds have lined up to acquire 3% stake of the bank in National Stock Exchange's initial public offer.
* INDIAN HOTELS CO: Has received the approval of its shareholders to raise up to 7 bln rupees through issuance of non-convertible debentures on a private placement basis.
* JET AIRWAYS INDIA: Has introduced 'priority advantage' service for its passengers flying economy class allowing them to check-in at special counters.
* Larsen & Toubro: A.M. Naik, executive chairman of the company has pledged 75% of his income to charity as he gets ready to step down from active leadership of the company next year.
* MANDHANA INDUSTRIES: Arm Mandhana Retail Ventures has signed a deal with actor Salman
Khan's clothing brand 'Being Human' to exclusively market, distribute and sell products under the brand.
* NATIONAL ALUMINIUM CO: Offer to buyback shares will open on Aug 30 and close on Sep 14. The company plans to buy back up to 644.3 mln shares at 44 rupees per share.
* STATE BANK OF INDIA: The Reserve Bank of India has retained the bank as domestic systemically important bank in 2016, with the same percentage of extra capital requirement as was announced in August 2015. The bank along with PUNJAB NATIONAL BANK is on a drive to auction properties to recover dues. It will sell 1,107 properties online on Sep 7, that carry a reserve price of 25 bln rupees.
* TATA COMMUNICATIONS: Has filed a complaint with the Economic Offences Wing of the Mumbai police against Sharepro Services India after an internal audit found irregularities in the securities records maintained by the latter.
* TATA CONSULTANCY SERVICES: Has customised its analytics software to cater to retail
companies
