| Here are stocks that are in news today: UltraTech Cement to withdraw scheme of arrangement between company & Jaiprakash Associates
UltraTech Cement says
-Agreement with Jaiprakash Associates to be withdrawn as High Court declined the approval
-High Court says under MMDRA Act mines other than auction route not transferable
-Agreement to acquire Jaiprakash Associates' cement business in Madhya Pradesh withdrawn post HC nod UltraTech CFO Atul Daga says
-MMRDA Act calls for auctioning of mines & that was a non-starter
-We understand the government will amend the MMDRA
-Will revisit the deal after clarity on MMDRA amendment
-Evaluated the asset, forsee no hurdles on acquisition once deal goes through PSU banks' NPAs may increase to average 7 percent in Q4FY16: Sources
-Finance ministry to encourage PSU banks to publicly declare wilful defaulters
-Prime minister Narendra Modi may attend 2nd Gyan Sangam with finance minister Arun Jaitley, RBI Governor Raghuram Rajan, PSU banks on March 4-5
-Gyan Sangam to discuss quantum, timelines of banks' recapitalisation
-Consolidation of PSU banks also on Gyan Sangam agenda
-Banks recapitalisation likely to be enhanced to Rs 30,000-35,000 crore in FY17
-PSU banks may be asked to engage with asset reconstruction companies to sort out non-performing asset (NPA) issue
-Bringing ARCs under 100 percent FDI auto route seen as a positive for PSU banks
-Rajan has asked government to consider allowing PE investments in PSU banks
-RBI Governor Raghuram Rajan suggests capping of shareholding of PEs in a bank
-Finance ministry not keen to allow PEs in PSU banks
-Rajan suggests holding company structure for indirect PE investments in PSU banks
-Bigger PSU banks suggested to act like investment banks to sell each others' NPAs Dr Reddy's Labs recalls Paricalcitol capsules in US
Alert: Paricalcitol recalled due to reports of breakage & leakage
Alert: Recall of Paricalcitol is a Class III recall as per US FDA
Alert: Class III recall is use/exposure to product not likely to cause adverse reaction Gammon India says
-Lenders to convert part of debt into equity at Rs 11.89/share as part of CDR
-Post conversion, shareholding of CDR lenders at 55.43 percent of total equity capital
-Gammon received notice of conversion from ICICI Bank under SDR IDBI Bank, UCO Bank and Indian Bank to convert under CDR at Rs 11.89/share HUL announces change in management committee
-Sandeep Kohli to be new vice-president & executive director, personal care
-Sandeep Kohli replaces Samir Singh (appointed global executive VP, Unilever) Sharp India
-Sharp Corp, Japan to issue shares to Hon Hai Precision Industry & FoxConn
-Sharp Corp Japan owns 75 percent Stake in company Xchanging Solutions
-PAT at Rs 3.3 crore versus Rs 6.3 crore QoQ
-PAT at Rs 3.3 crore versus loss of Rs 3.6 crore YoY Dhunseri Petrochem
-Bangkok-based Indorama Ventures eyes majority stake in company: ET
-Enterprise value of Dhunseri pegged at Rs 1,200 crore L&T
-To sell 49 percent in insurance arm: BS
-Deal expected to be finalised in 3-6 months
-Experts estimate this agreement could value the general insurer at around Rs 1,500 crore Indiabulls Group
-Indiabulls Real Estate to raise Rs 500 crore: BS
-Invests Rs 125 crore in residential project in South Mumbai Reliance Industries
-Introduces two entry level range of LYF smartphones
-Phones in sub Rs 7000 category Other stocks and sectors that are news today:
-Aurobindo Pharma gets tentative US FDA approval for Ritonavir tablet (used to help control HIV infection)
-SBI gets shareholders nod to raise Rs 15,000 crore: PTI
-Emami to invest Rs 500 crore to set up cement grinding unit in Kolkata: PTI
-PVR says Competition Commission of India (CCI) proposes certain modifications w.r.t DT Cinemas' acquisition
-Coal India says board to meet on March 5 to consider payment of interim dividend
-Corporation Bank: ICRA downgrades ratings of lower tier bonds from ICRA AA+ to ICRA AA (stable)
-Filatex allotted 1.15 crore warrants to promoters at Rs 45/share
-Gayatri Projects JV with Sembcorp launches 2640 MW power complex
-JMC Projects operations in Kurukshetra Expressway have resumed
-United Breweries commenced supplies of beer upon commissioning of brewery in Rajasthan
-Cupid received order from DKT India worth Rs 2.95 crore
-Smartlink board meet today to consider buyback
-Zee Media to acquire 80 percent stake in Today Merchandise & Today Retail Network
-Reliance Communications, Aircel to hold 50 percent each in new merged company: ET
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