ACC, HDFC Bank in spotlight ahead of March quarter earnings

ACC will announce its Q1 results today, 21 April 2017. HDFC Bank unveils its Q4 results today, 21 April 2017.

Reliance Industries (RIL) announced the successful and flawless commissioning of the second and final phase of Para-Xylene (PX) comprising of PX Crystallizers trains, Trans-alkylation and Aromatic Extraction units at Jamnagar. The announcement was made after market hours yesterday, 20 April 2017.

State Bank of India (SBI) said it has decided to serve notice of redemption to holders of $400 million Hybrid Tier 1 Notes issued pursuant to SBI, acting through its Nassau branch's $2000 million Medium Term Note programme for the redemption of the Notes on 15 May 2017. The announcement was made after market hours yesterday, 20 April 2017.

Tata Steel's board at a meeting held yesterday, 20 April 2017, reviewed the performance, capital structure and financing plan of the company. Based on the review and pursuant to the existing shareholders approval, the board approved issue of debt securities of up to Rs 9000 crore in the form either of non-convertible debentures on private placement basis or foreign currency or rupee denominated bonds or a combination thereof in one or more tranches.

The funds will primarily be deployed towards re-financing the existing debt, capex/working capital requirements and general corporate purposes. The board of directors also authorized the finance committee of the board to determine and approve the timing and terms of such issue of securities. The announcement was made after market hours yesterday, 20 April 2017.

Indian Hotels Company announced that in terms of the authority granted by the board of directors at a meeting held on 18 May 2016, the company has allotted 2,000, rated, listed, unsecured, redeemable, non-cumulative & non- convertible debentures aggregating to Rs 200 crore on private placement basis. The announcement was made after market hours yesterday, 20 April 2017.

Fortune Financial Services (India) announced that a meeting of the board of directors of the company is scheduled to be held on 25 April 2017 to consider the approval for acquisition of equity shares of IRC Credit Management Services and INTL Risk Consultants Insurance Brokers by the company. The board will also consider the merger of Fortune Integrated Assets Finance with Fortune Financial Services(India) and any other business on that day. The announcement was made after market hours yesterday, 20 April 2017.

PVR announced that the employment of Vijay Kapoor who was employed as Chief Business Development Officer of the company has been terminated with effect from 20 April 2017 on disciplinary grounds. The announcement was made after market hours yesterday, 20 April 2017.

Housing Development & Infrastructure (HDIL) announced that it has launched a new project 'The Nest' at Mulund, Mumbai, under the affordable housing brand 'Budget Homes', having 263 units open for sale in phase 1 of the project. The announcement was made after market hours yesterday, 20 April 2017.

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