COMPANY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

SpiceJet soars over 4% on talks to buy A330neo planes  -   26/09/2018 11:40
S hares of SpiceJet jumped over 4 per cent on Bombay Stock Exchange after media report suggested that the low-cost aviation company is in talks with Airbus to buy its A330neo wide bodied planes. Cheering the news, shares of the company gained as much as 4.65 per cent and touched an intra-day high of Rs 72.00 apiece on the Bombay Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading...
Glenmark Pharma up over 3% on bonds buyback plans  -   26/09/2018 11:33
S hares of Glenmark Pharmaceuticals rose over 3 per cent on Bombay Stock Exchange after the company said that its Operations Committee would consider opportunistic tenders or buybacks of any part of its Singapore listed foreign currency convertible bonds. Boosted by the development, shares of the company gained as much as 3.54 per cent and touched an intra-day high of Rs 658.50 apiece on the Bombay Stock...
YES Bank climbs 4% as board seek extension for CEO Kapoor  -   26/09/2018 11:32
S hares of YES Bank surged over 4 per cent on Bombay Stock Exchange after the private sector lender said that it has requested the RBI to grant an extension to CEO Rana Kapoor at least till April 30, 2019 and if possible upto September 2019. Besides, the board has formed a five member committee to find a successor to founder CEO Rana Kapoor. Taking cues from board meeting, shares of the bank gained a...
Shubham Polyspin announces launch of initial public offering  -   26/09/2018 10:30
S hubham Polyspin Ltd. has announced public offering of 1500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 600.00 lakhs. The company's initial public offer (IPO) will open on 28 September 2018 and is expected to close on 04 October 2018, subject to customary closing conditions. The IPO includes a fresh Issue of 1...
Moody's retains BoB rating after merger announcement  -   26/09/2018 10:17
M oody's Investors Service Tuesday retained the rating of Bank of Baroda (BoB) following government's announcement of three-way merger with Vijaya Bank and Dena Bank. "Moody's has affirmed the bank's baseline credit adjustment (BCA) and adjusted BCA of the bank. All the short-term ratings of the bank and its London branch have also been affirmed," the global rating agency said in a statement. The outlo...
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