17 Stocks in focus today

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

Tech Mahindra:  Tech Mahindra and The North American divisions of AAA Group have signed an agreement to provide full end-to-end solution services to their aerospace and defence customers, as per media reports. '

Amtek Auto: With reference to the news appeared in Economic Times & ETNOW on September 21, 2015 captioned "Amtek said to be in refinance talks as bond payment deadline expires", Amtek Auto Ltd has Clarified that the Company is in advanced discussions with various Banks and Financial Institutions for re-alignment of its debt obligations.

Motherson Sumi Systems: Motherson Sumi Systems went on damage control mode, after its share prices nosedived 7.72% at the bourses yesterday, as news emerged that one of its key clients Volkswagen had used illegal software to alter the emission test results in its diesel cars to clear stringent US norms, which could result in the German automaker facing penalties upto $18bn.

Sterlite Technologies: The company has entered into a definitive agreement for the acquisition of Elitecore Technologies Private Limited (“Elitecore”), a global telecom software product company.

UltraTech Cement Ltd: The company has commissioned a cement grinding unit with a capacity of 1.6 million TPA at Jhajjar, Haryana.

Pfizer: The company is starting 20 clinical trials this year and more soon after on treatments to conquer cancer as it also seeks to gain leadership in one of the hottest, and most lucrative, areas of medicine.

Mindtree: The IT company has launched a state-of-the-art Global Learning & Delivery Center at Bhubaneshwar, Odisha. The facility, named Mindtree Kalinga, was inaugurated by Naveen Patnaik, Chief Minister of Odisha.

Emami Ltd: The firm said its wholly-owned subsidiary Emami UK Ltd has been dissolved. "Emami UK Limited, a wholly-owned subsidiary of the company, has been dissolved as per the provisions of the laws of United Kingdom.

Vedanta: An MoU was signed between the Ministry of Women and Child Development and Vedanta under which the group has earmarked Rs4bn to build 4000 ‘next generation’ Anganwadi centres in Andhra Pradesh, Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh among others. The Anganwadis will be built in clusters of 25-30 in a particular district with multifunctional capabilities.

Telecom stocks: India's telecom operators have dismissed the government's call for penalising telcos for dropped calls and dismal mobile coverage, and have exhorted the sector regulator not to make such compensation to customers mandatory.

Tide Water Oil Ltd: Standard Greases and Specialities Pvt Ltd along with Janus Consolidated Finance Pvt Ltd, Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund plan to acquire up to 2.265 crore shares (or 26 per cent in the company) in Tide Water Oil. The offer price has been fixed at Rs 16,632 a share. LIC and United India Insurance hold 4.22 per cent and 6.88 per cent respectively, in the company.

Visa Steel: The company have decided to convert a large portion of their loans into equity using the Reserve Bank of India's (RBI) strategic debt restructuring (SDR) scheme, said media reports.

Britannia Industries Ltd: BIL pensioners have won a decade-long battle, after a Bengaluru court directed the biscuits major to pay pensions to its former employees who retired after March 2003 and also the triennial rise for them stopped in April 2004, said media reports.

Balmer Lawrie & Co Ltd: The company has planned around Rs 400 crore capital expenditure in the next two to three years in its logistics business vertical.

Bharti Airtel: The company is moving all its prepaid mobile customers nationally to the more affordable 'per second bill plan' starting Monday. A majority of Airtel's pre-paid mobile customers are already on the 'per second billing plan', which ensures that customers pay only for the time they use the Airtel network.

Pidilite Industries Ltd: The Construction Chemicals Division of Pidilite Industries will expand its operations in the emerging Asian and African markets.

BHEL: Rating agency Crisil has downgraded its outlook on Bharat Heavy Electricals Ltd's  long-term bank facilities to 'negative' from 'stable', saying that the company's project execution and profitability will remain vulnerable to structural issues plaguing the power sector. It, however, reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.

L&T: L&T Halol Shamlaji Tollway Ltd. (HSTL), a special purpose vehicle (SPV) of L&T Infrastructure Development Projects Ltd. (IDPL), has reportedly delayed scheduled payments on a loan worth Rs. 1,014.93 crore to its lenders in August.