Check out the companies which will be in focus during trade today based on recent and latest news developments.
Bharti Airtel Limited:, The telecom company will move all its prepaid mobile customers nationally to the more affordable per second bill plan. Rolled out under the new “Pay For What You Use” initiative as part of the company’s “Customer First” commitment, this will help ensure that customers pay only for the time they use the Airtel network.
MMTC Ltd: The company will sell its 10% stake in the commodity bourse ICEX equally among two bidders, who participated in the global tender.
Hindalco Industries Ltd: Aditya Birla Minerals Ltd , a subsidiary of Hindalco, will sell its closed copper mine in Queensland, Australia, to Lighthouse Minerals Holdings Pty for A$15 million (Rs. 70.5 crore) in cash and another A$41.7 million (Rs.196 crore) in rehabilitation bond costs, as per media reports.
Steel Strips Wheels Ltd: The company has tied up with South Korea's Kalink Co to come up with a new alloy wheel manufacturing facility in Gujarat.
State Bank of Mysore Ltd: The bank has cut the minimum lending rate by 10 per cent to 9.90 per cent.
IDFC Ltd: The company today fixed October 5 as record date for share transfer as part of demerger scheme.
Castrol India Ltd: The company has decided to permanently close its Wadala plant in Mumbai where it was not carrying out any production.
Infosys: The company has signed a three-year agreement with TOMS Shoes to become its worldwide partner to maintain and develop its digital platform. The agreement will enable TOMS to streamline the management of its web-based properties and introduce automation technologies to lower overall support and development costs.
Mindtree: The company has announced that it will help Molnlycke Health Care, a world-leading provider of single-use surgical and wound care solutions, to enhance business efficiency using the SAP application suite. This will help Mölnlycke Health Care optimize the time to market of its products.
Tata Motors Ltd: The company plans to launch a new small commercial vehicle (SCV) 'Magic Mantra' in the country next month, thereby expanding product range under its popular public transport vehicle 'Tata Magic'.
NTPC: The company said it is targeting to begin production from Pakri-Barwadih coal block in Jharkhand this year and three more blocks in next two years.
Dr Reddy's Laboratories: California-based BioMarin Pharmaceutical has entered into a settlement agreement with Dr Reddy's Laboratories to resolve patent litigation in the US regarding Kuvan, the former's 100mg oral tablets.
SRS Ltd: The company will invest up to Rs.9 bn in the next two years to expand retail network of its various consumer centric businesses such as hospitality, cinema, jewellery and real estate. It is also foraying into the pharmacy business with the launch of 30 'SRS Pharmacy' stores this year.
Larsen & Toubro: The company has bagged orders worth Rs18bn across various verticals so far in this month, including an order worth Rs7.4bn from a leading real estate company to construct a commercial complex in Gurgaon.
No comments:
Post a Comment