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More than 10 companies will announce their financial performance between Saturday and Monday for the period ended December 2017. Among these companies are Muthoot Capital Services (on Saturday), Bhansali Engineering Polymers (Sunday), ABC Bearings, Bharat Immunologicals & Biologicals, Delta Corp, Federal Bank, Grand Foundry, Gallantt Ispat, Gallantt Metal, India Grid Trust and Zee Learn (on Monday).
On 27th November i.e Monday, Lonavala Municipal Council (LMC) served a legal notice to Bigg Boss makers for illegal construction of the house and flouting norms. According to Mid-Day report, the notice has been sent to Endemol India Pvt Ltd c/o Sarvesh Singh, the supervising producer and a resident of Oshiwara, and ABC Bearings Ltd, Lonavla, under the Maharashtra Regional Town Planning Act, 1966. As per the report published in a tabloid, the action has been taken by LMC after they received a complaint from Lonavala based social worker, builder John Joseph.
Good morning. My name is Alan, and I will be your conference operator today. As a reminder, this call is being recorded. At this time, I would like to welcome everyone to Timken's Third Quarter Earnings Release Conference Call. [Operator Instructions] Thank you. Mr. Hershiser, you may begin your conference sir.
LONDON, UK / ACCESSWIRE / July 7, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for The Timken Co. (NYSE: TKR), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TKR. The Company announced on July 05, 2017, that its majority-owned subsidiary, Timken India Ltd, has entered into a definitive agreement to acquire ABC Bearings, Ltd.
Timken India, a subsidiary of The Timken Company, a maker of engineered bearings and mechanical power transmission products, has entered into a definitive agreement to acquire ABC Bearings through a court-approved amalgamation process. ABC Bearings is a manufacturer of tapered, cylindrical and spherical roller bearings, and slewing rings.
It was a consolidation day for equity benchmarks that closed marginally higher amid geopolitical tensions on Wednesday, but the broader markets outperformed smartly.
Timken India, a subsidiary of The Timken Company, a maker of engineered bearings and mechanical power transmission products, has entered into a definitive agreement to acquire ABC Bearings Ltd through a court-approved amalgamation process. ABC Bearings is a manufacturer of tapered, cylindrical and spherical roller bearings, and slewing rings.
3:30 pm Market at Close: Equity benchmark indices ended the session on a flat note with a positive bias, with the Nifty ending above 9600-mark.
Shares of ABC Bearings has locked at 20 percent upper circuit and Timken India gained nearly 5 percent on Wednesday as ABC Bearings is going to merge with the later one.
Here are stocks that are in news today: HDFC -Plans issuance of rupee-denominated bonds to overseas investors -Price & issue size of rupee-denominated bonds to be decided on March 24 Nila Infrastructures -Gets 2 contracts from Gujarat for development of bus terminals under public private partnership -Company to develop Amreli bus terminal -JV with Vyapti Infra to develop Modasa Bus terminal, company has 34 percent stake in JV Wockhardt -US FDA approves ANDA of Piperacillin & Tazobactam for injection USP -Unit Wockhardt Bio AG filed ANDA in collaboration with Fresenius Kabi, Italy -ANDA will be commercially manufactured at FKAI, Italy Puravankara -Board passes enabling resolution to exit from 3 investments worth Rs 403 crore -Exit from investments only if total inflow is over Rs 475 crore Other stocks and sectors that are in news today: -Speciality Restaurants circuit filter revised to 10 percent -IMFA circuit filter revised to 5 percent -Union Bank of India - ICRA assigns rating of A1+ -Tata Teleservices - CARE downgrades rating from A to A- and A1 to A2+ -HUL commenced commercial production at new unit in Assam plant -SBI says Bharatiya Mahila Bank to be transferred w.