16 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments

HDFC Bank: The bank has reduced its base rate or minimum lending rate by 35 basis points to 9.35 per cent, which is to be effective from September 1. The New base rate is expected to be among the lowest lending rate in the banking sector.

Sun Pharma: The pharma company announces successful completion of Opiates business acquisition in Australia. Sun Pharma now offers a rich basket of Opiates product line in addition to a large API portfolio and dosage formulations covering a broad range of chronic and acute prescription drugs.

Reliance Industries: The government has permitted to sell up to 1.2 lakh tonnes of LPG produced at its plants to private cooking gas marketers.

ICICI Bank and SBI: RBI has identified both the banks as systemically important banks in India, requiring these lenders to keep aside additional capital to cover risk.

Syngene International Ltd: The contract research arm of biotechnology major Biocon is planning to set up a new manufacturing plant in Mangalore with an investment of about $100 million (over Rs. 660 crore), as per media reports.

Financial Technologies Ltd: The company said has sold all rights of its technology platform used to run operations of a power bourse to Indian Energy Exchange (IEX) for Rs. 108 crore.

IOC, HPCL, BPCL: Fuel retailers have cut petrol and diesel prices by Rs. 2 a litre and Rs. 0.50 a litre respectively after aligning them with international prices and adjusting for foreign exchange rates.

Canara Bank: The bank has lowered its minimum lending rate by 0.10 per cent to 9.90 percent. The board has approved reduction in the base rate by 10 basis points from 10 per cent to 9.90 per cent for loans or advances effective from September 3, 2015.

Axis Bank: The bank has cut its deposit rates by up to 0.50 per cent across maturities. A cut in deposit rate is generally considered a precursor for reduction in lending rates.

Orient Green Power Ltd: The company has sought shareholders' approval for raising around Rs 250 crore by issuing shares on a preferential basis.

State Bank of India: The bank expects its accounts under the Jan Dhan scheme to break even next year given the healthy growth in average deposits in these accounts, while total deposits have more than doubled to Rs. 51 billion as of June-end.

Larsen & Toubro: The company has won a turnkey order for Rs. 15 bn water supply project from Public Health Engineering Department, Ajmer. 

INOX Leisure Ltd: The company has taken over operations of Multiplex Cinema Theatre located at Old Dharam Cinema Building, Kasturba Road, Opposite Jai Hind Press, Rajkot  having 3 Screens and 612 seats with effect from August 31, 2015.