Daily Stock News Today – 18.08.2017

Daily Stock News Today – 18.08.2017

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* DISH TV INDIA: Reported Apr-Jun consolidated net loss of 116.7 mln rupees,
against a net profit of 376.8 mln rupees a year ago. Consolidated revenue from
operations was at 7.4 bln rupees, down 5.1% on year.

* DLF: The deal between the company and Singapore-based GIC for a 40% stake in
arm DLF Cyber City Developers has entered final stages and is likely to be signed soon.

* ICICI BANK: The deal to sell 12.18% stake by Fairfax group arm FAL Corp in ICICI
Lombard General Insurance Co to three private equity players is expected to be
completed in September, ahead of the planned listing of the general insurer, a source
told.

* INDUSIND BANK: Has cut the interest on savings accounts with balance of up to
100,000 rupees by 100 basis points to 4%.

* LAKSHMI VILAS BANK: Is looking to raise fresh equity capital as much as 10 bln
rupees by September.

* MANAKSIA INDUSTRIES: Board has approved setting up of subsidiaries in
Bangladesh and Sri Lanka to manufacture packaging products of different sizes for
supply to pharmaceutical, liquor, and other industries.

* MAHINDRA HOLIDAYS & RESORTS: Plans to lease properties in the US instead
of making outright purchases in the crowded time-share segment in North America.

* MULTI COMMODITY EXCHANGE: SEBI has directed the exchange to place an
audit report findings before its board and take appropriate action against those involved
in treasury mismanagement.

* PUNJAB NATIONAL BANK: Will cut the interest rate on savings accounts with
balance of up to 5 mln rupees by 50 basis points to 3.5% on Saturday.

* PNC INFRATECH: Expects to achieve financial closure of three road projects worth
a combined 41.5 bln rupees by September, Chairman and Managing Director Pradeep
Jain said.

* RAYMOND: Associate J.K. Investo Trade (India) will buy stake of Pacific Dunlop in
sexual wellness business for around 193 mln rupees.

* RELIANCE COMMUNICATIONS: Has filed a caveat with the National Company
Law Appellate Tribunal, urging it not to pass any order in the case relating to the
merger of Aircel with itself without hearing its argument.

* SIMPLEX INFRASTRUCTURES: Will bid for projects worth 252 bln rupees in
India and abroad, across constructing housing, industrial buildings, sewer plants, and
water treatment plants, in the current financial year ending March, Executive Director
N.K. Kakani said.

* SOMANY CERAMICS: Sudha Somany Ceramics, an associate of the company, is
setting up a unit in Andhra Pradesh to produce 5 mln sq mtr vitrified tiles.

* STATE BANK OF INDIA: Is planning initial public offerings of two regional rural
banks in the next one year.

* TATA GLOBAL BEVERAGES: Has entered the ready-to-drink segment with a
green tea-based drink.

* YES BANK: ReNew Power Ventures has raised around $50 mln in debt from the
bank to refinance the debt of one of its wind power projects.