Thomas Cook surges on inking pact with Amadeus a world leader in GDS

     Thomas Cook India has signed a long term agreement with Amadeus, a world leader in Global Distribution Systems (GDS). As part of its strategic intent with focus on technology and transformation, the company has undertaken a comprehensive evaluation to identify a GDS provider that would best align with its evolving business dynamics.
     Amadeus was selected on the basis of a combination of its robust time-tested products and future ready innovations, enabling customer centricity and productivity across Thomas Cook India’s diverse range of travel related business lines- Corporate and Leisure Travel, eBusiness and MICE.
     Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
      Thomas Cook (India) is currently trading at Rs. 202.55, up by 4.35 points or 2.19% from its previous closing of Rs. 198.20 on the BSE.

Apollo Hospitals soars on signing pact with the Republic of Macedonia

     In a bid to develop healthcare services in the Southeastern European nation, Healthcare major Apollo Hospitals Group has signed pact with the Republic of Macedonia.
     The Memorandum of Understanding (MOU) provides for observerships and training courses for medical specialists, nurses, technicians and other health professionals from the Republic of Macedonia at various locations across the Apollo Hospitals network in India. It also establishes efforts to provide telemedicine, educational opportunities and training over the next five years for Macedonia.
     Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.
      Apollo Hospitals Enterprise is currently trading at Rs. 1374.00, up by 39.45 points or 2.96% from its previous closing of Rs. 1334.55 on the BSE.

Coal India gains on planning Rs 6,000 crore capex in FY16

     Coal India (CIL) is planning a capital expenditure of Rs 6,000 crore in the next fiscal. Moreover, an amount of around Rs 6,000 crore has been earmarked by CIL for railway and other infrastructure development for 2015-16. The announcement comes at a time when the company has a target to achieve an output of one billion tonnes by 2019-20. The company also unveiled its roadmap, of strategies to be adopted, to attain the one billion tonne coal production by 2019-20.
     Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
     Coal India is currently trading at Rs. 385.00, up by 2.30 points or 0.60% from its previous closing of Rs. 382.70 on the BSE.

Godawari Power zooms on receiving nod for Iron Ore Mining in Ari Dongri

     Godawari Power and Ispat (GPIL) received final approval from Government of India, Ministry of Environment & Forests & Climate Change (Forest Conservation Division) for Diversion of 32.36 ha forest land for Iron Ore Mining in Ari Dongri, Village Kachche, Dist: Baster, Kanker, Chhattisgarh.
     Upon execution of mining lease and commencement of operation in the additional 32.36 ha, the total mining lease area of Ari Dongri Iron ore mines will get expanded from 106.60 ha to 138.96 ha and the production capacity from 0.7 MTPA to 1.405 MTPA which is expected to be executed within next 2-3 months. Post commencement of commercial operation in enhanced mining area, the entire requirement of iron ore of the Company shall be met from captive iron ore mines upon achievement of full production in captive iron ore mines, leading to cost savings.
     Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business. GPIL is a flagship company of Raipur-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the steel industry; mainly into mild steel wire.
      Godawari Power & Ispat is currently trading at Rs. 139.70, up by 9.70 points or 7.46% from its previous closing of Rs. 130.00 on the BSE.

Monnet Ispat trades jubilantly on bagging coal block in Chhattisgarh

   

 Monnet Ispat & Energy has bagged one coal block in Chhattisgarh on the last day of the auction, bringing down the curtains on the first phase of coal auctions that will fetch the states over Rs 1 lakh crore. The company was the highest bidder at Rs 2,619 (per tonne) for Gare Palma IV/7 (coal mine).
     Gare Palma IV-7 mine in Chhattisgarh, earmarked for the non-power sector, was the most sought after one in the current lot put on auction in the first tranche.
     Monnet Ispat is engaged in the business of sponge iron, steel ingot & billets and coal mining.
      Monnet Ispat & Energy is currently trading at Rs. 64.25, up by 8.20 points or 14.63% from its previous closing of Rs. 56.05 on the BSE.

Stocks in News

SpiceJet: 

     Sources with direct knowledge indicate that Ajay Singh has struck the deal to buy Maran's 58% stake in SpiceJet at a throwaway price of around Rs 200 crores. The valuation worked out to save SpiceJet is at a price much lower than even half the market cap of SpiceJet at the time of deal announcement.

Suzlon Energy Ltd: 

     Suzlon Energy announced that the Securities Issue Committee of the Board of Directors of the Company, at its meeting held on 20 February 2015 approves the allotment of 13,57,75,037 equity shares of Rs 2 each on conversion of 34,854 USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 34,854,000 at a conversion price of Rs 15.46 per equity share. 

SBI: 

     State Bank of India will decide on issue price of equity shares on preferential basis to the government for Rs 2,970 crore capital infusion on March 24. 

Bharti Airtel Ltd: 

     Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence. 

Hathway Cable Ltd:

      Foreign shareholding in Hathway Cable & Datacom Ltd has reached the prescribed limit and foreign investors would not be allowed to purchase further shares in the company, the RBI said. 

Stocks in News

Lanco Infratech Ltd: 

Cash-starved Lanco Group has approached lenders to reschedule Rs 1,000 crore debt of two of its gas-based power plants in Andhra Pradesh till January 2018. 

Tech Mahindra Ltd: 

Tech Mahindra plans to invest $150 million (Rs 933 crore) over the next three to four years in creating innovative solutions, both in-house and with other partners, as well as to fund acquisitions, as the company focuses on developing next-generation technologies. 

Coal India Ltd: 

State-owned Coal India (CIL) said it is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity. 

Monnet Ispat & Energy:

The company bagged one coal block in Chhattisgarh on the last day of the auction, bringing down the curtains on the first phase of coal auctions that will fetch the states over Rs 1 lakh crore. 

Infosys:

Infosys, after signing its first big-ticket acquisition under CEO Vishal Sikka last week, is evaluating a dozen more startups - all aimed not at bulking revenues or adding clients, as Indian IT companies typically do, but at gaining cutting-edge technology such as automation and artificial intelligence (AI). 

Tree House trades jubilantly on the bourses

     Tree House Education & Accessories (Tree House), a leading educational service provider operating the largest number of branded self-operated pre-schools in India, has signed a Memorandum of Understanding (MOU) for sale of its land and building located at Vadodara in state of Gujarat for Rs 52.50 crore.
     The particular property being considered for sale under this MOU is located at Revenue Survey 49 CTS No 792Atladara, Vadodara, Gujarat and represents the second K-12 school land and building premises fully owned by the company. The company plans to monetize its physical assets while continuing to provide educational services to these institutions.
     Tree House commenced the business of providing educational services to K-12 schools in 2008 and currently has a portfolio of 24 large format K-12 schools apart from over 500 pre-schools across the country.
      Tree House Education & Accessories is currently trading at Rs. 500.00, up by 21.60 points or 4.52 % from its previous closing of Rs. 478.40 on the BSE.

MBL Infrastructures surges on bagging project worth Rs 234.44 crore

     MBL Infrastructures has been awarded the project of restoration of Saran main canal and its distribution system, Bihar, on EPC basis, worth Rs 234.44 crore with a construction period of 30 months under Accelerated Irrigation Benefits Programme (AIBP) of Ministry of Water Resources.
     MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.
     MBL Infrastructures is currently trading at Rs. 435.60, up by 8.65 points or 2.03 % from its previous closing of Rs. 426.95 on the BSE.

Suven Life Sciences shines on securing Product Patents at four nations

     Suven Life Sciences has secured patents in Australia, Canada, Japan and New Zealand to one of their New Chemical Entity (NCE) for CNS therapy through new mechanism of action - H3 Inverse agonist and these patents are valid until 2030. The granted claims of the patent include the class of selective H3 ligands discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders.
     Histaminargic dysfunction has been strongly associated with the cognitive and behavioral deficits observed in several CNS disorders such as Alzheimer’s, ADHD, dementia, depression, Huntington's disease and Parkinson’s disease. H3 receptor blockade elevates acetylcholine in brain regions responsible for cognition, thus offer a means for targeting cognitive processes. Novel, potent, selective, brain penetrant and orally active H 3 receptor inverse agonist for the treatment of cognitive deficits would offer new line of treatment for this unmet medical need.
     With these new patents, Suven has a total of 20 granted patents from Australia, 17 granted patents from Canada, 15 granted patents from Japan and 22 granted patents from New Zeland. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.
     Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies through the use of GPCR targets.
     Suven Life Sciences is currently trading at Rs. 242.50, up by 4.20 points or 1.76% from its previous closing of Rs. 238.30 on the BSE.

MRPL declines on reporting net loss of Rs 1894.36 crore in Q3

     Mangalore Refinery and Petrochemicals (MRPL) has reported results for third quarter ended December 31, 2014.
     The company has reported a net loss of Rs 1894.36 crore for the quarter under review as compared to a net loss of Rs 247.68 crore for the same quarter in the previous year. Total income of the company decreased by 21.37% at Rs 14895.36 crore for Q3FY15 as compared Rs 18944.16 crore for the corresponding quarter previous year.
     MRPL, a schedule ‘A’ CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery located in a beautiful hilly terrain, north of Mangalore city, in Dakshin Kannada region.
     Mangalore Refinery & Petrochemicals is currently trading at Rs 56.60, down by 2.45 points or 4.15% from its previous closing of Rs 59.05 on the BSE.

Unitech firms up despite reporting 38% fall in sales bookings during April- December

     Unitech has reported 38% fall in its sales bookings to Rs 663 crore in the first nine months of the current financial year due to slowdown in housing demand. The Gurgaon-based firm had achieved sales bookings of Rs 1,071 crore in the April-December period of the last financial year. The company has sold 1.1 million sq ft for a value of Rs 663 crore during the April-December period. The average realisation stood at Rs 6,027 per sq ft.
     Delhi-NCR contributed about Rs 455 crore of sales bookings. Out of Rs 663 crore sales bookings in the first nine months of this financial year, Rs 307 crore were in housing and the remaining Rs 356 crore in the non-residential segment. Unitech launched 0.6 million sq ft while delivered 3 million sq ft area in the first three quarters of this financial year.
     Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.
     Unitech is currently trading at Rs. 18.60, up by 1.90 points or 11.38 % from its previous closing of Rs. 16.70 on the BSE.

Suzlon Energy zooms as Dilip Shanghvi acquires 23% stake

     Dilip Shanghvi, India’s second richest person and promoter of Sun Pharmaceuticals, has acquired 23% stake in Suzlon Energy for an equity investment of Rs 1,800 crore, giving the stressed wind turbine maker a fresh dose of fund infusion.
     Shanghvi will also collaborate with Suzlon for developing a 450-Mw wind farm in a 50:50 joint venture and will help it in raising non-fund working capital for projects. Shanghvi, who runs India’s largest pharma company, is being viewed as a white knight to Tulsi Tanti, group chairman of Suzlon, which has been plagued with massive debt and steep losses.
     Suzlon Energy is currently trading at Rs. 22.50, up by 3.35 points or 17.49 % from its previous closing of Rs. 19.15 on the BSE.

Global Offshore gains on taking delivery of vessel

     Global Offshore Services has taken delivery of an Anchor Handling Tug cum Supply Vessel (AHTSV) with a DWT of 1600 Tons and a Bollard Pull of minimum 80 Tons with DP-2. The Vessel is presently headed to Singapore to work in the spot market.
     Garware Offshore Services presently owns and operates three AHTSV and one PSV. An additional AHTSV, on order, is scheduled to be delivered to the company in first quarter of 2015.
     Global Offshore Services is currently trading at Rs. 840.75, up by 4.20 points or 0.50 % from its previous closing of Rs. 836.55 on the BSE.