SFIO readies list of more than 113,000 entities

The Serious Fraud Investigation Office (SFIO) has drawn up a list of more than 113,000 shell companies as the government prepares for another onslaught on black money. The database compiled by SFIO has red-flagged more than 80,000 companies suspected to be shell entities while it has confirmed illegal activities in 16,537 of them. 

The government will take appropriate action after receiving responses, the corporate affairs ministry said.SFIO is part of the task force set up in February last year by the Prime Minister’s Office to crack down on shell companies that are used to launder black money. The task force has also determined a set of markers that will be used in identifying more shell companies. All law enforcement agencies will also follow a standard operating procedure, prepared by the Central Economic Intelligence Bureau (CEIB), for sharing documents. 

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ITC, HDFC Bank, Tata Motors, Dr Reddy's Lab, Omax Autos

HDFC Bank raises MCLR across tenors by 10 bps

Tata Motors proposes to raise up to USD 500 mn via ECB

Omax Autos approves proposal for diversification and expansion of existing capacity for manufacturing products and equipment supplied to Railways.Dr Reddy's expects to launch generic Copaxone in H1 FY20 in US

Indian Bank revised the marginal cost of funds based lending rates (MCLRs) with effect from June 11, 2018

Time Technoplast receives order worth Rs 40 crore

PTC India: Sutirtha Bhattacharya appointed as the Independent Director on the Board

ITC acquires Nimyle floor cleaner, forays into home care space 

Capital First debenture committee allots NCD worth Rs 100cr on private placement basis

Goldman Sachs India Fund sold 14,00,000 shares of Ashiana Housing at Rs 147.02 on the BSE and sold 14,94,502 shares at Rs 147.03 on the NSE

IMP Power successful foray into the renewable energy space

Vakrangee board meeting on June 14 to consider financial results for the quarter and year ended March 31, 2018.

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Syndicate Bank, Kwality, Videocon Industries, Capital First, Quess Corp

 Lumax Auto Technologies - From Rs 10 to Rs 2

Syndicate Bank plans to raise Rs 5K cr via securities

 The Board of Directors of the company approved the allotment of 5,843 fully paid-up Equity Shares of Rs 10/- each.Quess Corp approved sale of 74% equity shareholding held in Inticore VJP Advance Systems

Kwality board meeting on June 20 to consider and approve proposal for buyback of securities and/or bonus issue of securities

Kirloskar to hike power genset prices by 5-8%

Capital First's debenture committee approved issue of NCD worth Rs 50 crore on private placement basis

Essel Propack - Record date for bonus issue is June 21

Lemon Tree signed License agreement for 104 room property at Gwalior

NCLT Admits Videocon Industries Case For Insolvency Proceedings

Tech Mahindra: Company appoints Harshvendra Soin as Chief People Officer

ICICI Bank clarified that the bank is yet to receive copy of NCLT order

Sadbhav Infra approves issue of NCD worth Rs 190 crore on private placement basis and raising of funds via securities of Rs 3000 crore

Aksh Optifibre receives show cause notice from SEBI pertaining to GDR issue

Hatsun Agro's rights issue to open on June 14 and issue price fixed at Rs 555 per share

CRISIL downgraded its ratings on the bank loan facilities of Speciality Restaurants to CRISIL A-/Negative/CRISIL A2+ from CRISIL A/Negative/CRISIL Al.

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CG Power, Gujarat Ambuja Exports, Bank of Baroda, NMDC, Hind Copper

Corporation Bank to consider raising of capital by way of issuance of fresh equity shares and/or by issuance of additional Tier – I or Tier – II capital

Gujarat Ambuja Exports clarifies about NGT order for closure of its units

CG Power bags a large order of Rs 3190 million from Indian Railways

Bank of Baroda: The lender has raised lending rates by 5 bps.

Everest Industries clarifies that comapny is not involved in any infringement proceedings initiated by Ultratech Cement

Electrosteel Steels spells out steps for completion of acquisition by Vedanta

NACL Industries enters into an MoU with ATGC Biotech

Confidence Petroleum allots 1.5 cr equity shares at Rs 52 on a preferential basis through private placement The company’s iron ore output at 4.5 MT in 2 months of FY19

Hindustan Copper: Company gets nod to carry own exploration, FY19' capex at Rs 700 crore

Karur Vysya Bank ties up with Aditya Birla Health as bancassurance channel

Strike by workers of Jaya Shree Textiles a division of Grasim Industries

Sadbhav Infrastructure to consider allotment of 1.9 billion NCDs, fund raising

South Indian Bank to consider funds raising plans

Bajaj Finance raises fixed deposit rates by 30 bps

Vama Sundari Investments (Delhi) bought 75,00,000 shares of HCL Techat Rs 900

India Infoline Investment Services bought 1,05,82,670 shares of Lakshmi Vilas Bank at Rs 100.10

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FIIs spring a surprise, stay away from HDFC Bank

HDFC Bank, India’s most popular stock among foreign investors, is usually lapped up by them at every opportunity. But on Monday, when overseas investors had a chance to buy up to roughly Rs 9,400 crore worth of HDFC Bank shares, many foreign portfolio managers — even those that have been traditionally bullish on the lender — chose to give it a miss or kept their purchase to the minimum.Overseas investors could buy roughly 1.7 per cent or 4.35 crore shares of HDFC Bank on Monday after a recent employee stock option issue resulted in dilution of equity, giving foreigners room to buy some more. Foreign brokerage officials said these investors, however, bought only a portion of the shares that were freed up. In the special trading window only for FIIs, which is available until the end of June, about 13 lakh shares of HDFC Bank were traded, said brokers. 

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