actions in brief: Hindalco, Bank of India and Coal India among the news values

NEW DELHI: Futures on the Singapore Stock Exchange traded at 36.50 points, or 0.32%, down to 11,510 on Monday, indicating a negative start for the Nifty50. Here is an overview of the most prominent values ​​of today 's session:

Bank of India: The lender blocked 45 bad loans totaling more than 8,800 rupees, including Essar Steel, Binani Cement, Bhushan Power and GMR Chhattisgarh.

Hindalco: The group's flagship group Aditya Birla, Hindalco Industries, will ask shareholders to approve the issuance of non-convertible debentures under a private placement for a total of Rs 6,000 crore at its next Annual General Meeting (AGM) next week.

Tata Steel: Tata Steel was ranked first in the Dow Jones 2018 Sustainability Index, making it the only national company to win among the 60 sectors evaluated for this ranking. It's the second year in the last three years that Tata Steel has been named the industry leader among 24 steel companies globally, the company said in a statement.

Infosys: The IT firm has announced plans to buy Fluido, a sales partner in the Nordic countries, for up to € 65 million, its second contract in as many weeks. Last week, Infosys announced a JV with the computer arm of Singaporean company Temasek, an initiative that would help it grow in Asia-Pacific.

YES Bank: The private sector lender, Yes Bank, announced that it would raise up to Rs 3,042 million by issuing bonds to comply with Basel III standards. The fundraising committee of the bank's board of directors approved on Friday the issuance of 30,420 non-convertible Class III compliant non-convertible bonds of 10 lakh each, for a total of 3,042 crores, said Yes Bank.

Reliance Industries: Canadian investor Brookfield is expected to purchase the East West Piping Pipeline (EWPL), formerly known as Reliance Gas Transportation Infrastructure, for an estimate of Rs 14,000 ($ 2 billion). The pipeline hosted under EWPL is transferred to an entity called Pipeline Infrastructure Pvt (PIPL), a wholly-owned subsidiary of Reliance Industries Holding. It is an arm of Mukesh Ambani and his family, promoters of Reliance Industries.

RCom: The global rating agency Moody's Investors Service has reviewed Anil Ambani's GCX ratings for a downgrade due to problems with its parent company Reliance Communications, which is now bankrupt.

MEP Infra: The company said Saturday that the toll taxes department has extended the period of toll tax suspension for any specified commercial vehicle until September 30 due to the completion of the installation of the toll device. Radio Frequency Identification (RFID).

Divi Laboratories: Phillip Capital upgraded its rating on Divi Laboratories to buy pending and revised target price at ¥ 1,550 from ₹ 1,200. The pharmaceutical company is well positioned to take advantage of the disruptions in the supply of active pharmaceutical ingredients from China, which is the world's largest producer of Active Pharmaceutical Ingredients (APIs) and is responsible for 65% of the needs. in API of India.

Arvind: Textile manufacturer Arvind Ltd plans to invest 500 million rupees a year over the next four to five years in order to double the turnover of its textile business to 12,000 rupees. in separate entities.

United Bank of India: Union Bank of India, a state-owned company, has decided to leave Antwerp, the diamond hub in Belgium, said a senior bank official. The Ministry of Finance has advised all public sector banks are not profitable as part of the strategy of capital preservation.

Coal India: Anil Kumar Jha, its president, said the world's largest coal producer, CIL, aims to produce 6.76 tonnes of methanol a year to boost clean energy initiatives. His statement comes at a time when the government is betting heavily on alternative fuels and electric vehicles.

Ashok Leyland: The Hinduja group's flagship company, Ashok Leyland, announced Friday that it has received a new order from Bangladesh Road Transport Corporation (BRTC) for the supply of 200 buses. The order concerns single-storey buses that were purchased as part of a tender under the Indian line of credit, the company said in a statement.

IPO watch: Ircon International, a railway construction company and defense ship builder, Garden Reach Shipbuilders and Engineers, will present its IPOs this month, which could bring about Rs. 815,000,000 to the Treasury.