Check out the companies which will be in focus during trade today based on recent and latest news developments.
Hotel Leela Venture Ltd: The operator of premium hotels like the Leela Palace in Bengaluru and Delhi, has sold its marquee property The Leela Goa to Malaysian company MetTube Sdn. Bhd. for Rs 725 crore.
Tata Steel: The company has raised more than Rs41bn through the sale of non-core assets so far this fiscal as part of efforts to strengthen its balance sheet and generate cash. The firm said that it sold 1.33% stake in Tata Motors to institutional investors for Rs12.5bn.
Torrent Power Ltd: Torrent Power said its gas-based power plants will get government subsidy on use of re-gasified liquefied natural gas ( RLNG) for six months from October to March.
NBCC Ltd: The company has secured a Rs. 197-crore project to build a Trade Facilitation Centre and Crafts Museum at Varanasi.
Asian Paints Ltd: The company plans to invest up to Rs. 2,300 crore to set up a manufacturing plant at Mysuru in Karnataka.
ITC Ltd: The company has announced doubling its investment in Punjab from Rs. 700 crore to Rs 1,400 crore.
IDFC Ltd: Infrastructure finance firm IDFC said it has got regulatory approval to utilise Rs 2,500 crore non-distributable reserves for provisions against bad loans as part of exercise to clean its book before venturing into universal banking.
Ambuja Cements Ltd: The Jammu and Kashmir government has banned sale of Ambuja CementsBSE -0.17 % in the state after a probe found underweight bags and irrational product prices, a state minister said.
Dish TV, Siti Cables, Hathway services and Den Networks: The government is examining a proposal to increase the FDI limit in local television news channels to 49%, apart from opening up other areas of broadcasting for larger overseas investments.
Renuka Sugars Ltd: Three promoters of the company have together pledged 14.45% of their shares in the company as a security for loan taken by a subsidiary firm.
REC Ltd: The company said that its shareholders have approved the proposal to raise up to Rs. 42,000 crore through issuance of bonds or debentures on private placement basis.
DLF: The company will be opening its sixth mall in Delhi-NCR by May next year at an investment of Rs 300 crore.
Asian Paints Ltd: The company has informed BSE that it is proposing to set up a paint manufacturing plant at Mysuru district, in the state of Karnataka. The ultimate capacity of 6 lakh KL p.a. would be achieved in a phased manner at an approximate cost of Rs. 2,300 crores at the current prices. This is subject to due diligence and necessary regulatory and other approvals.
MMTC: The company said its shareholders have approved the proposal to raise Rs. 5,000 crore through issuance of bonds or debentures on private placement basis.
Power Mech Projects Ltd: The company has bagged a Rs. 167-crore contract from Jaypee Group's Prayagraj Power Generation Co. The company has to operate and maintain services of a thermal power plant at Bara in Uttar Pradesh.
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