Stocks are in News Today | Indian Stock Market

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Stocks in the news: Ajanta Pharma, DHFL, Biocon, Aksh, Fortis Health, FAG Bearings

NTPC | Wipro | Ajanta Pharma | DHFL | Biocon | Aksh Optifibre | Fortis Healthcare | Cochin Shipyard | Wonderla Holidays | Grasim 

Industries | Amtek Auto | Vedanta | FAG Bearings and Surya Roshni are stocks, which are in the news today.

Here are stocks that are in news today:

Adani Group - Adani Enterprises in focus

-After 6-7 years of hardwork, the Carmichael project set to take off

-Expect Carmichael project work to start in October

-Expect commercial production from the Carmichael mine to start in 2020

-Funding arrangements are being put in place for phase 1

-Expect financial closure for Carmichael mine by end of 2017 or early 2018

-Phase 1 of Carmichael entails a production of 25 mtpa

-Expect healthy margins from the Carmichael project

-Expect cost of production to be low

-Carmichael remains an extremely attractive project for Adani Group

-Carmichael project is extremely bankable

-Don't expect any significant increase in burden in group balance sheet from Indian banks

-Reports targetting of doubling EBITDA by 2020 is a realistic proposition

-Have a healthy equity ratio in the Carmichael project

-Expect 11-15 mtpa of coal from phase 1 to be used for captive use

-2020 is the year of ramp up

-Expect 18 mt coal production in first year from Carmichael

-Expect 25 mt coal production in second year from Carmichael

Biocon says

-US FDA target action date for Trastuzumab reset to December 3

-US FDA informed Mylan that it will extend target action date for Trastuzumab

-Time extension will have no impact on anticipated timetable

Schaeffler announces merger of its Indian entities

Alert: Schaeffler India has 3 entities- FAG Bearings (listed), INA Bearings, LuK India

-Schaeffler India will issue 10 shares of INA India for every 65 shares held

-Schaeffler India to issue 10 shares of LuK India for 35 shares held

-Schaeffler India to issue 14.64 million new equity shares

Alert: Promoter currently owns 51.33 percent in Schaeffler India, 100 percent in LuK India & INA India

Alert: Shareholding of promoter group after the merger will be 74.13 percent

Other stocks and sectors that are in news today:

-Ajanta Pharma gets US FDA nod for Migraine drug, Eletriptan hydrobromide tablet

-Harshil Mehta elevated to 'joint managing director and chief executive officer' from CEO of DHFL

-Reliance Industries fixed record date for bonus equity shares as September 9

-Aksh Optifibre's service division bags national level banking correspondent contract from Bank of Baroda

-Fortis Healthcare sells its stake in Fortis Medicare International Limited to Fortis Global Healthcare

-Cochin Shipyard and Central Institute of Fisheries Technology signed MOU for building fishing vessels

-Shree Pushkar Chemicals board meeting on September 4 to consider various business proposals (can be an acquisition)

-Wonderla Holidays inaugurates 2 new rides in Kochi, India's first reverse lopping roller coaster

-Corporation Bank revises interest rate in savings accounts

-Lyka Labs board has decided to offer and issue 5,50,000 convertible warrants to promoter group on preferential basis

-Grasim Industries in focus - Aditiya Birla Capital to list on Friday

-Retail part of NTPC OFS subscribed 73 percent; government collects Rs 9,136 crore from the OFS

-Amtek Auto IRP seeks resolution plans from potential investors: Mint

-Warburg Pincus, Crompton Greaves, Bain eye controlling stake in Surya Roshni as promoters look to exit: ET

-Vedanta Resources names ex-CEO Kuldip Kaura as interim chief executive

-Wipro shareholders give approval for Rs 11,000 crore buyback proposal

-McDonalds says no to settlement with Bakshi

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