Get list of top indian stocks that are in news with brief description.
Here are the stocks -
SBI Life Insurance Company IPO opens
-Issue closes on September 22
-Price band Rs 685-700 per share
-Equity offered 12 crore shares
-Post dilution: SBI's stake will come down to 62.1 percent from 70.1 percent
-Offer size: Rs 8,220-8,400 crore at lower & upper band, respectively
-Raises Rs 2,226 crore from 69 anchor investors
Dr Reddy's Labs
-US FDA issues 3 observations to DRL's Mirfield plant in UK
Alert: Mirfield plant inspected from September 11-15
-3 observations for DLR Mirfield plant
-Procedures are not established or followed
-Cleaning procedures or clean status not established
-Manually managed materials in warehouse not separated during storage
M&M: Sources
-M&M set to acquire big tractor company in Turkey
-M&M zero's in on one of Turkey's top 5 tractor makers
Strides Shasun
-Receives US FDA nod for Omega-3 Acid Ethyl Esters capsules
-Omega-3 Acid Ethyl Esters capsules to be manufactured at company's Bangalore unit
IT stocks in focus - United States Citizenship and Immigration Services (USCIS)
-US resumes premium processing of H-1B visas
-Fast processing of H-1B visas resumed in all categories
-H-1B visa processing resumed subject to FY18 cap
Unitech says
-Both MD’s have been granted bail by Court
-Matter is listed before mediation centre for settlement of dispute
TRAI
-Mobile call connection charge cut to 6 paise per minute from 14 paise currently, effective October 1
-No call termination charge to be applicable from January 1, 2020
Fitch Ratings on CNBC-TV18
-Bharti & Idea will face a decline of 4-6 percent on EBITDA levels
-A decline in IUC charges will not affect the credit ratings of Bharti Airtel
Idea CEO Sanjeev Aga
-Bringing IUC down from 14 paise to 6 paisa a wrong decision
-There’s nothing to be joyous about decision to cut IUC
ICICI Lombard IPO oversubscribed 3 times on QIB support
-Post-issue, shareholding of Fairfax will reduce to 9.91 percent from 21.91 percent
-Post-issue, ICICI Bank's stake will come down to 55.92 percent, from 62.92 percent
Other stocks and sectors that are in news today:
-Sun Pharma arm gets US FDA nod for Sonidegib Phosphate oral capsule (used to treat adult patients with locally advanced basal cell carcinoma)
-BASF to acquire Solvay's global polyamide business
-Indian Hotels - Rights issue committee meeting will be held on September 22, 2017 to determine the price of the issue
-ENIL commences broadcast from its radio station at Jammu (98.3 FM) that acquired under phase 3 auctions
-Omkar Specialty Chemicals' Lasa Supergenerics to list on September 21
-Surya Roshni has obtained orders through competitive e-bidding for LED luminaire and LED street lights amounting to Rs 48.60 crore for Supply of LEDs Luminaire in United Kingdom
-Tata Global Company has sold 1,04,80,000 equity shares each of Tata Chemicals
-LIC buys 3.4 crore shares of GAIL
-JSW Steel in discussions to tie up with multiple partners for Bhushan Steel bid: BS
-Tata Sons set to get required majority to go private at AGM: BS
-Westlife Development in focus - 18 of 43 McDonald's outlets in Delhi reopened
-PVR creates new premium sub-brand – Premium Extra Large
-Bodhtree Consulting bags order worth Rs 100 crore from Medical Council of India
-Cadila in pact with Russian firm for chickenpox vaccine
-Rostec inks pact with Mylan Labs for HIV drugs-Glenmark Pharma receives US FDA approval for Nitroglycerin Sublingual tablets
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