* ADANI ENTERPRISES: The company has pulled out from a $1.7 bln coal railway project with Indonesian state coal miner PT Bukit Asam in South Sumatra, Indonesia.
* BGR ENERGY SYSTEMS: Sasikala Raghupathy, a promoter of BGR Energy Systems Ltd, will sell 2.17 mln shares of the company through the offer for sale route on Friday and has set the floor price at 118 rupees per share.
* CANARA BANK: To cut base rate by 30 basis points to 9.95% from Monday.
* ESCORTS: The Company’s director M.G.K. Menon resigned from board effective Jul 4.
* FIRSTSOURCE SOLUTIONS: Rakesh Jhunjhunwala bought 3.8% stake in the company in bulk deals, data on the National Stock Exchange showed.
* GAMMON INDIA: Creditors have approved a 135-bln-rupee corporate debt restructuring package for the company.
* GAYATRI PROJECTS: The Company’s special purpose vehicle created for executing 1,320 MW thermal power project in Andhra Pradesh is in talks with Power Finance Corp for an equity investment.
* GMR INFRASTRUCTURE: Is in talks with two potential buyers to sell its land in Krishnagiri special economic zone for around 5.5 bln rupees.
* GUJARAT MEDITECH: To issue 13.9 mln shares on preferential basis.
* HINDUSTAN UNILEVER: Market participants expect the company's shares to open down 5-8% today, on decline in investor interest after closure of parent Unilever Plc's 292.2-bln-rupee open offer to up stake in the Indian arm to 75.00% from 52.48% at 600 rupees per share Thursday. The company's open offer saw 320 mln shares being tendered by investors, which is around 65.71% of the company's buyback issue.
* INFOSYS: May chalk out strategic roadmap in the second half of 2013-14 (Apr-Mar), IDFC said in a report.
* ITC: Has raised price of 10-stick packs of Gold Flake Filter cigarettes to 59 rupees from 55 earlier, while that of Gold Flake Premium pack has been raised to 58 rupees from 55 rupees.
* LANCO INFRATECH: The Australian tax department has filed a winding-up petition against Griffin Coal, owned by Lanco, for non payment of tax arrears worth Australian $13.9 mln.
* MARUTI SUZUKI: Has stopped production of two of its top selling models--Swift and Dzire--at its Gurgaon plant from mid-June due to decline in monthly sales volumes of both cars.
* NEYVELI LIGNITE: Workers are on an indefinite strike since Wednesday in response to a call by their unions to oppose the government's decision to divest a 5% stake in the company.
* POLARIS FINANCIAL TECHNOLOGY: Citi Venture Capital plans to exit the software firm, where it holds a strategic stake, when Polaris sells its services division.
* RAJ RAYON INDUSTRIES: Has started the commercial production of its continuous polymerization plant for manufacturing polyester chips from July 01.
* RELIANCE HOME FINANCE: Plans to raise 300 mln rupees via debt.
* SHASUN PHARMACUETICALS: The 12-day strike at the company's unit in Puducherry will cost the company around 200 mln rupees.
* STRIDES ARCOLAB: Board has approved the increase in the limit of investments by foreign institutional investors in the equity share capital of the company to 74% from 49%.
* SUNDARAM CLAYTON: The Company’s IPP committee has fixed the floor price at 293 rupees per share for the proposed share sale.
* TATA COMMUNICATIONS: May resolve to additional debt financing and working capital lines as it looks to invest in new telecom projects.
* UNITED SPIRITS: Diageo Plc has raised its stake in the company to 25.02% with the completion of acquisition of 14.98% stake from the promoters United Breweries (Holdings) Ltd and Kfinvest.
* BGR ENERGY SYSTEMS: Sasikala Raghupathy, a promoter of BGR Energy Systems Ltd, will sell 2.17 mln shares of the company through the offer for sale route on Friday and has set the floor price at 118 rupees per share.
* CANARA BANK: To cut base rate by 30 basis points to 9.95% from Monday.
* ESCORTS: The Company’s director M.G.K. Menon resigned from board effective Jul 4.
* FIRSTSOURCE SOLUTIONS: Rakesh Jhunjhunwala bought 3.8% stake in the company in bulk deals, data on the National Stock Exchange showed.
* GAMMON INDIA: Creditors have approved a 135-bln-rupee corporate debt restructuring package for the company.
* GAYATRI PROJECTS: The Company’s special purpose vehicle created for executing 1,320 MW thermal power project in Andhra Pradesh is in talks with Power Finance Corp for an equity investment.
* GMR INFRASTRUCTURE: Is in talks with two potential buyers to sell its land in Krishnagiri special economic zone for around 5.5 bln rupees.
* GUJARAT MEDITECH: To issue 13.9 mln shares on preferential basis.
* HINDUSTAN UNILEVER: Market participants expect the company's shares to open down 5-8% today, on decline in investor interest after closure of parent Unilever Plc's 292.2-bln-rupee open offer to up stake in the Indian arm to 75.00% from 52.48% at 600 rupees per share Thursday. The company's open offer saw 320 mln shares being tendered by investors, which is around 65.71% of the company's buyback issue.
* INFOSYS: May chalk out strategic roadmap in the second half of 2013-14 (Apr-Mar), IDFC said in a report.
* ITC: Has raised price of 10-stick packs of Gold Flake Filter cigarettes to 59 rupees from 55 earlier, while that of Gold Flake Premium pack has been raised to 58 rupees from 55 rupees.
* LANCO INFRATECH: The Australian tax department has filed a winding-up petition against Griffin Coal, owned by Lanco, for non payment of tax arrears worth Australian $13.9 mln.
* MARUTI SUZUKI: Has stopped production of two of its top selling models--Swift and Dzire--at its Gurgaon plant from mid-June due to decline in monthly sales volumes of both cars.
* NEYVELI LIGNITE: Workers are on an indefinite strike since Wednesday in response to a call by their unions to oppose the government's decision to divest a 5% stake in the company.
* POLARIS FINANCIAL TECHNOLOGY: Citi Venture Capital plans to exit the software firm, where it holds a strategic stake, when Polaris sells its services division.
* RAJ RAYON INDUSTRIES: Has started the commercial production of its continuous polymerization plant for manufacturing polyester chips from July 01.
* RELIANCE HOME FINANCE: Plans to raise 300 mln rupees via debt.
* SHASUN PHARMACUETICALS: The 12-day strike at the company's unit in Puducherry will cost the company around 200 mln rupees.
* STRIDES ARCOLAB: Board has approved the increase in the limit of investments by foreign institutional investors in the equity share capital of the company to 74% from 49%.
* SUNDARAM CLAYTON: The Company’s IPP committee has fixed the floor price at 293 rupees per share for the proposed share sale.
* TATA COMMUNICATIONS: May resolve to additional debt financing and working capital lines as it looks to invest in new telecom projects.
* UNITED SPIRITS: Diageo Plc has raised its stake in the company to 25.02% with the completion of acquisition of 14.98% stake from the promoters United Breweries (Holdings) Ltd and Kfinvest.
