Here are stocks that are in news today:
Cadila Healthcare warning letter: US FDA says-Identified significant violations of current good manufacturing practice (CGMP)-Company's responses of September 26 & December 26, 2014 lack sufficient corrective action-Company failed to thoroughly investigate any unexplained discrepancy-Company did not adequately investigate out-of-specification lab test results-Recurrence of product quality failures indicates that corrective and preventive actions (CAPA) was ineffective-Persistent failures indicate that manufacturing process is not in a state of control-Company failed to establish & follow adequate written procedures-Company failed to describe handling of written & oral complaints-Company did not adequately probe & address consumer complaints on many occasions-Unknown if mix-ups caused by inadequate cleaning procedures-Unknown if mix-ups caused by personnel flow, equipment suitability-Remains unknown if mix-ups caused by material flow, line segregation-Unknown if mix-ups caused by line-clearance documentation-Probe found plastic bags filled with paperwork & scrapped items in scrap yard-Company failed to exercise sufficient controls over computerised systems-Company reprocessed failed batches without scientific justification-Company obtained failing results for analysis in 4 of (b)(4) batches of (b)(4) API
JLR US December sales (Tata Motors in focus)-JLR US sales up 29.6 percent at 9,638 units versus 7,437 units (YoY)-Jaguar US sales down 28.9 percent at 1,197 units versus 1,683 units (YoY)-Land Rover US sales up 46.7 percent at 8,441 units versus 5,754 units (YoY)
Everest Kanto on CNBC-TV18:-Company is geared for high CNG demand in future-Company has market share of 65 percent-There definitely is a surge in demand-Have sufficient capacity to cater to demand
Arshiya International-Lenders say investors misread corporation debt restructuring (CDR) exit: FE-CDR has not been successful-CDR withdrawn due to inability of promoters to meet conditions
Reliance Power-Jharkhand to buy 100 percent shares from Reliance Power in relation to Tilaiya UMPP: FE-Also, challenged cancellation of coal mine for Sasan UMPP as breach of contract-What’s incremental: Re-bidding for this UMPP likely in mid-February
Godfrey Phillips-Phillip Morris International has initiated talks with company to take control of cigarette brands: ET-One structure considered would be to split company into 2-While manufacturing remains with Godfrey Phillips, marketing & distribution to be handled by Phillip Morris-Indian entity will act as contract manufacturer
Hexaware-Baring PE Asia looks to exit company: ET-Hong Kong Fund initiates talks with France’s Capgemini
Gokaldas Exports-Board approves transfer/sale of assets in Bangalore, Hyderabad & Mysore-To sell global garments unit-III & Balaji Fashion House in Bangalore-To sell 2 plots in Mysore & 1 plot in Hyderabad
Edelweiss-Manyata promoters to raise Rs 750 crore from ECL Finance: ET-ECL Finance is Edelweiss group’s finance arm-Manyata Promoters is one of Bangalore’s biggest land owners
State Bank of India-To begin dedicated branch operations to support start-up sector-To inaugurate start-up branch in Bengaluru on January 14-To provide start-up enterprises with basic banking services
ACC/ Ambuja Cement / Cement companies - CCI chairman says:-Holcim-Lafarge deal close to clearance-Lafarge’s alternative proposal is on the table-New proposal more comprehensive, covers areas of competition
Olympic Cards-Production resumed from today-Production disrupted due to Tamil Nadu rains on November 19
Medicamen Biotech - post open offer status:-No shares tendered in open offer-Open offer at Rs 40 apiece and current market price Rs 71
Goa Carbon - December operational performance:-Sales: Rs 37.4 crore-Production cost: Rs 32.4 crore
Other stocks and sectors that are in news today:-Hitachi Solutions India acquires IT solutions provider Ignify-Piramal Enterprises to issue secured NCDs up to Rs 500 crore-Aurobindo Pharma gets tentative US FDA nod for Prasugrel abbreviated new drug application (ANDA)-NMDC: April-December iron ore production at 20.08 million tonne & sales at 20.32 million tonne-Auto companies in focus: Government initiates investigation into alleged dumping of Chinese auto parts-Ferrous companies in focus: Government scraps 5 percent export duty on iron ore pellets-JHS Svendgaard Laboratories board allotted 1.26 crore convertible warrants to non promoters under CDR-Greenply Industries ex-date today for split 1:5-Shoppers Stop to spend Rs 500 crore over next 3 years to raise store count: ToI
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