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The Indian government has started investigations into alleged dumping of Chinese belting fabric. #SRF Ltd filed an application before the DGAD for initiation of anti-dumping investigation and imposition of the duty concerning imports of belting fabric.

KEI Industry: Revenue up 37%, EBITDA up 42%. PAT up 150%.

Tata Power: Generation capacity of its subsidiary Tata Power Renewable Energy Ltd. increased by 337% in FY17.

Aurobindo Pharma: Gets USFDA nod for Ezetimibe Tablet. Company is in Is in talks to buy the Russia business of Mumbai-based Shreya Life Sciences in a deal potentially valued between 510 cr and 640 cr.

Ujjivan Financial Services: Ujjivan Small Finance Bank, subsidiary of company, granted “scheduled bank” status.

MINDA INDUSTRIES: The board of the company has approved the purchase of 60% stake, or 5.4 mln shares, of MI Torica India for a consideration of up to 88 mln rupees.

Stocks to watch:
Positive: #SRF #KEI #Tatapower #Auropharma #Ujjivan #Mindaind