Check out the companies which will be in focus during trade today based on recent and latest news developments.
SRF Ltd: The company will seek shareholders' approval to raise up to Rs. 2,000 crore through issuance of redeemable non-convertible debentures in one or more series/tranches on a private placement basis.
Adani Ports & SEZ: The company has entered into exclusive talks to acquire Gangavaram Port near Vishakhapatnam in Andhra Pradesh for $2.1bn.
Zee Entertainment Ltd: The company set to acquire 100% equity stake in Sarthak Entertainment Pvt Ltd which operates ‘Sarthak TV’, the number 1 GEC in Odia language.
Essar Oil Ltd: The company will shut its 400k barrels-per-day (bpd) Vadinar refinery from mid September for a month, while Chennai Petroleum Corp Ltd will put a 1.85 mn tonnes-per-year hydrocracker plant on maintenance from July 19.
Pfizer: The pharma company is planning to close its Navi Mumbai plant from September 16, 2015. The decision to close the plant is based on an assessment of its long term viability and its ability to achieve the needed production, it added.
NHPC Ltd: The company has raised Rs. 14.75bn by issuing long-term bonds through private placement.
Aditya Birla Nuvo: The company has tied-up with Flipkart to retail its exclusive brands through the e-commerce channel.
SBI, Axis Bank, Yes Bank: The bank's are set to launch mobile wallets to take on pre-paid issuers like Paytm and MobiKwik who lure customers with easy payment option and attractive retail offerings.
Reliance Industries: The stock is above Rs.1000 now and the company is planning to start petrol and diesel export to the Persian Gulf nation following the landmark nuclear deal.
Adani Power: The company emerged as the lowest bidder for three power transmission projects -- Chhattisgarh A, Chhattisgarh B and Sipat -- while Sterlite Grid has bagged Maheshwaram project.
Thermax: The company has entered a pact to acquire 33% stake in First Energy Private Limited with an arrangement to increase the stake to 76% in the next four years.
IOC, BPCL, HPCL: The OMCs will be in focus after petrol and diesel prices were cut with effect from Wednesday mid-night.
Eicher Ltd: Royal Enfield, the two-wheeler division of Eicher Motors said it has sold its entire inventory of 200 units of limited edition motorcycles within 26 minutes of opening of online booking.
Cholamandalam Investment and Finance Company Ltd: The company said that it will raise up to Rs. 10,000 crore through issue of NCDs and its shareholders would meet on July 31 to approve the fund raising plan.
Raymond: The company has said like-to-like store sales grew by a quarter in 18 months after the company rolled out a new retail design in 40 'The Raymond Shop' stores last year, as per media reports.
Zensar Technologies Ltd: The company posted revenue growth of 16.5% from Rs. 604.78 crore to Rs. 704.64 crore in quarter ended June 30, 2015.
Pipavav Defence: The Russian Govt has chosen Pipavav shipyard for a 'Make in India' naval frigate order that is likely to exceed $3 billion, making it the private sector's biggestever warship-building project.
Everest Industries: The company has reported a 16.9% increase in net profit for the quarter ended June 30 at Rs 22.9 crore mainly on the back of double digit growth in its steel buildings business.
Bharti Infratel: A leading telecom tower infrastructures provider is in talks with British telecom major Vodafone and the Aditya Birla Group's Idea Cellular to buy out telecom tower.
Hero Motocorp: The company reported a 6% increase in the revenue when it sold 6.6 million units in 2014-15 and planning to launch two new versions of bikes.
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