Indian Stocks Market news: Apollo Tyres, FDC, CG Power, Reliance Infra, HCL Tech, Tanla Solutions
Apollo Tyres | FDC | CG Power | Reliance Infra | ICICI Lombard and HCL Tech are stocks, which are in news today.
Here are the stocks that are in news today:
Apollo Tyres: Production operations of the company's plants located at Perambra and Kalamassery, Kerala have been disrupted due to floods in Kerala. The production loss due to this natural calamity is 1500 MT (approximately) till Monday. However, consequential loss of profit is not significant. The natural calamity is adequately covered under the insurance policy of the company.
Electrosteel Casting's banking and authorization committee approved the allotment of 4,85,26,861 equity shares at Rs 28.85 per equity share on preferential basis
Bank of Baroda: PS Jayakumar is likely to get an extension as MD & CEO of Bank Of Baroda: CNBC-TV18 sources. His term was to end in October 2018.
IL&FS Transportation Networks: Brickworks Ratings revised its rating for non-convertible debentures worth Rs 3,550 crore from AA+ (SO) to AA- (SO). ICRA Ratings also revised its ratings to "Issuer not co-operating' category to all - non-convertible debentures worth Rs 3,000 crore, commercial papers Rs 1,000 crore, non-convertible debentures Rs 2,000 crore, term loans Rs 490 crore, fund-based bank limits Rs 320 crore and preference share Rs 760 crore from Provisional AA (SO), A4, BB-, BB-, A4 and BB-, respectively.
Rungta Irrigation: Nitin Dhawan, Chief Financial Officer of the company has resigned with effect from Monday.
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