Mint Exclusive: YC Deveshwar says:
-ITC to shut down all production lines to introduce pictorial warnings
-Shutdown of production lines in a phased manner
-We are not ready yet with our new packets

Bajaj Auto – Patent Case:
-Bajaj Auto appeals at Madras HC to put a stay on judgement favouring TVS Motor
-Appealed to put stay on judgement for two weeks
-Madras HC asked Bajaj Auto to approach SC

TCS
-TCS extends S Ramodarai’s tenure as CEO, MD until October 5
-N Chandrasekaran to be CEO, MD from October 6

Banker meet
– Special Commitee of bankers, government officials, industry representatives meet today
– Special commitee to study sectoral credit deployment as per Cabinet secretary’s directions
– Banks ask India Inc not to delay project in anticipation of cheaper loans

Other stocks that are in news today:
PSU banks to cut rates by 100-150 bps within a fortnight – ET
Bharti gets $4 billion bridge loan for MTN deal – ET
Path cleared for Asia pacific Breweries merger with United Breweries – ET
Reliance Power may earn Rs 4000 crore over the next 10 years from Carbon credit sale – ET
Tech Mahindra, Subex provides IT services to MTN – ET
Government bans trading of sugar futures till December
Sundram Brake Linings rights issue at Rs 122/sh opens of June 3, closes on June 17
PNB seeks to sell its 30% stake in AMC for Rs 300 crore – DNA
Morgan Stanley buys 7.68% more in Indiabulls Real Estate via QIP
Reliance Communication shareholders approve demerger of RCOM Optic Fiber Division to Reliance Infrastructure
Sobha Developers enters into term sheet agreement for investment of Rs 225 crore in Bangalore
AIA Engineering receives approval for amalgamation with Reclamation Welding and Paramount Centrispun Castings
Monnet Ispat buyback over, Rs 18.2 crore invested to buyback 12.9 lakh shares
New Stocks/Index out of F&O: no fresh contracts from August:
Aptech, Hindustan Zinc, MTNL, Oracle Financial Services, PFC, BSE FMCG Index

source: Moneycontrol

Tags: bajaj auto, bharti, ITC shut down, PSU banks, stocks in news, TCS

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