Company Overview and News
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.
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