LATEST BUSINESS NEWS

On (28.09.17) TRIL will go ex split (Sub division Ratio 10:1)

 

Tomorrow (27.09.17), Manpasand will go ex bonus (Bonus Ratio 1:1)

 

Tomorrow (27.09.17), MOIL will go ex bonus (Bonus Ratio 1:1)

 

Goldman Sachs sells 13.65 lakh shares of JK Lakshmi Cement

Templeton Mutual Fund has bought 10.94 lakh shares of the company at Rs 387.50
Goldman Sachs India Fund has offloaded 13.65 lakh shares of JK Lakshmi Cement at Rs 387.50 on the BSE on September 25, 2017. However, Templeton Mutual Fund has bought 10.94 lakh shares of the company at Rs 387.50 on the same day.

JK Lakshmi Cement, part of the $4 billion JK Group, operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana).
source : ventura

 

Reliance Capital planning to launch standalone health insurance venture

The company has already received round one approval from the regulator IRDAI
Reliance Capital is planning to launch a standalone health insurance venture. The company has already received round one approval from the regulator IRDAI. The company currently offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.
source : ventura

 

Mahindra Lifespace launches Phase 2 of 'Windchimes'

Windchimes offers suitable connectivity to residential and prime commercial corridors
Mahindra Lifespace Developers (MLDL) has launched Phase 2 of ‘Windchimes’, its first premium residential project in Bengaluru. The launch marks an important milestone for the project, with Phase 1 construction ahead of schedule, and possession planned June 2018 onwards. Phase 2 of Windchimes comprises 3 and 4 BHK apartments, ranging in carpet area from 1307 sq. ft. to 2119 sq. ft., and priced Rs 1.38 crore onwards.

Located on Bannerghatta Main Road, one of the high convenience destinations in Bengaluru, Windchimes offers suitable connectivity to residential and prime commercial corridors, including workplaces, schools, hospitals, malls and other retail outlets. Windchimes has been developed keeping in mind the needs and aspirations of the evolving home buyer in Bengaluru, who prefers differentiated brands that offer value beyond point of sale. Around 80% of the homes launched in Phase 1 of the project are sold till date. Windchimes is also one of the first few ‘green’ residential projects in Bengaluru. The project is IGBC ‘Platinum’ pre-certified, with a key feature being more than 80% open spaces for balanced and healthy living.

Mahindra Lifespace Developers is a leader and pioneer in sustainable urban development, through the creation of residential and integrated large format developments across multiple city-clusters - Mumbai Metropolitan Region (Mumbai, Thane, Palghar, Alibaug and Boisar), Pune, Nagpur, Ahmedabad, Nashik, the National Capital Region (New Delhi, Gurgaon and Faridabad), Jaipur, Hyderabad, Bengaluru and Chennai.
source : ventura

 

Indiastar sells 3 lakh shares of IOL Chemicals

The company has offloaded these shares at Rs 50 on the NSE
Indiastar (Mauritius) has sold 3 lakh shares of IOL Chemicals and Pharmaceuticals. The company has offloaded these shares at Rs 50 on the NSE on September 26, 2017.

IOL Chemicals & Pharmaceuticals is one of the largest manufacturers of APIs and specialty chemicals with presence in over 57 countries across the world. It manufactures and supplies APIs and specialty chemicals for use in various pharmaceutical, textile, packaging, lamination, pesticides and food processing applications.
source : ventura

 

Karnataka Bank opens its first Aadhar Enrollment and Updation Centre at Bengaluru

The bank will be coming out with eighty such Aadhar enrollment cum modification centre across India in a phased manner
Karnataka Bank has opened its first Aadhar Enrollment and Updation Centre at Sanjaynagar Branch in Bengaluru on September 26, 2017. The bank will be coming out with eighty such Aadhar enrollment cum modification centre across India in a phased manner. Citizens can make use of these centres for getting their Aadhar number and making modifications needed if any in Aadhar records.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
source : ventura

 

Wipro shares likely to see over 10% fall in next 4-8 weeks; here's why

source :
https://economictimes.indiatimes.co...-4-8-weeks-heres-why/articleshow/60881455.cms

 

Engineering major L&T is likely to divest some of its road and power projects as it focuses on its core business.
source: ventura

 

LIC hikes stake in Coal India to 9.4%

The insurer bought 2% share in the PSU through Open Market Purchase from January 1, 2015-October 31, 2017
Country’s largest insurer, Life Insurance Corporation (LIC) of India has hiked stake in state-owned Coal India to 9.4%. The insurer bought 2% share in the PSU through Open Market Purchase from January 1, 2015-October 31, 2017.

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

source : Ventura

 

LIC hikes stake in Colgate Palmolive India to 7.037%

The insurer has acquired additional 54,97,334 shares in the company and now has 1,91,40,291 shares
Country’s largest insurer, Life Insurance Corporation (LIC) of India has acquired 2.021% stake in Colgate Palmolive (India) through an open market purchase, taking the total holding in the company to 7.037%. Earlier, the insurer had 5.016% stake in the company.

LIC has acquired additional 54,97,334 shares in the company and now has 1,91,40,291 shares. It earlier had 1,36,42,957 shares in the company.

Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.
source : ventura

 

UFO Moviez India to acquire 100% stake in PJSA

The board of directors at its meeting held on November 1, 2017 has approved for the same
UFO Moviez India has received an approval for purchase of 10,000 equity shares (i.e. 100% stake) of PJSA Technosoft (PJSA) from the existing equity shareholders of PJSA at a total consideration of Rs 100,000. The board of directors at its meeting held on November 1, 2017 has approved for the same. The acquisition is being made for using this entity for company’s IP related businesses going forward.

UFO Moviez India was incorporated as ‘Valuable Media’. The company is India’s largest digital cinema distribution network and in-cinema advertising platform (in terms of numbers of screens).
source : ventura

 

IL&FS Financial Services sells 9.43 lakh shares of A2Z Infra Engineering

It has sold 9,43,613 shares at Rs 38.05 on the NSE on November 1, 2017
IL&FS Financial Services - Proprietary Portfolio has sold 9,43,613 shares of A2Z Infra Engineering at Rs 38.05 on the NSE on November 1, 2017.

A2Z Infra Engineering (previously known as A2Z Maintenance & Engineering Services) is primarily engaged in providing Engineering, Procurement and Construction (EPC) services in power transmission and distribution sector with focus on distribution.
source : ventura

 

Franklin Templeton picks 46.36 lakh shares of Crompton Greaves Consumer Electrical

It has bought 46,36,184 shares at Rs 217.50 on the NSE on November 1, 2017
Franklin Templeton Investment Funds has bought 46,36,184 shares of Crompton Greaves Consumer Electrical at Rs 217.50 on the NSE on November 1, 2017. However, TIAA - CREF Institutional Mutual Funds International Equity Fund sold 68,13,777 shares at Rs 217.50.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.
source : ventura

 

Norwest Venture sells 20.92 lakh shares of Cholamandalam Investment

It has sold 9,05,032 shares at Rs 1,200.38 on the NSE and sold 11,87,500 shares at Rs 1,200.03 on the BSE on November 1, 2017
Norwest Venture Partners X FII - Mauritius has sold 9,05,032 shares of Cholamandalam Investment and Finance Company at Rs 1,200.38 on the NSE and also sold 11,87,500 shares at Rs 1,200.03 on the BSE on November 1, 2017.

Cholamandalam Investment & Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.
source : ventura

 

Earc Trust sells 44.36 lakh shares of Bhushan Steel

It has sold 25,21,653 shares at Rs 60.14 on the NSE and sold 19,15,159 shares at Rs 60.68 on the BSE on November 1, 2017
Earc Trust SC 283 has sold 25,21,653 shares of Bhushan Steel at Rs 60.14 on the NSE and also sold 19,15,159 shares at Rs 60.68 on the BSE on November 1, 2017.

Bhushan Steel is one of the prominent players in the Indian Steel industry. Backed with more than 27 years of experience, the company is India's 3rd largest Secondary Steel Producing Company with an existing steel production capacity of 5.6 million ton per annum.
source : ventura

 

Today (02.11.17) Q2 results :

Accelya Kale, Dalmia Bharat Sugar, Akzo Noble, Deepak Fert, Andhra Bank, DLink, BRNL, Dhunseri Petro, CCL Products, Cera, Berger Paints, GET&D, Glenmark, Guj Pipavav, Excel ,ICRA, Hathway Cable, HCC, Himadri Speciality, HEG, KSB Pumps, Jay Bharat Maruti, JSW Holding, Peninsula Land, Power Grid, Natco Pharma, Ramco Cements, Orient Cement, Ujjivan, Sundaram Fasteners, Vedanta, TajGVK, Shriram CityUnion
source : bseindia and nse india

 

Government approves sale of entire 73.47% stake in Dredging Corporation

The Cabinet has approved the sale of government’s entire 73.47% stake in the company which could fetch about Rs 1,400 crore to the exchequer
The government has approved the sale of its entire 73.47% stake in Dredging Corporation of India (DCI). The Cabinet has approved the sale of government’s entire 73.47% stake in the company which could fetch about Rs 1,400 crore to the exchequer. The dredging company is under the administrative control of the shipping ministry.

Dredging Corporation of India (DCI) is the premier dredging company in India and is the only PSU company offering dredging services. Established in 1976, the Company provides dredging and allied services to Ports, Indian Navy etc.
source : ventura

 

Excel Crop Care to wind-up its subsidiary in Australia

The board of directors at its meeting held on November 2, 2017 has approved for the same
Excel Crop Care has received an approval to wind up or otherwise close down Excel Crop Care (Australia), the company’s wholly-owned subsidiary in Australia. The board of directors at its meeting held on November 2, 2017 has approved for the same.

The major function of the Australian subsidiary is to hold and maintain Product Registrations in Australia in respect of the company’s products. The company has made alternative arrangement for this purpose.

Excel Crop Care is engaged in manufacture and trading of Pesticides. Besides solutions in soil health, seed treatment, crop protection, pest management, Excel Crop Care also offers effective post-harvest treatment that has ensured smooth supply and trade in agricultural commodities in many countries.
source : ventura