Check out the companies which will be in focus during trade today based on recent and latest news developments.
Cox & King: The Cox & Kings Group ("Cox & Kings" or "the Group") has acquired 100% of the issued and outstanding shares of Late Rooms Ltd (UK) ("LateRooms") for GBP 8.5 million.
Indian Oil Corporation is planning to invest about $5 bn (nearly Rs 32,500 crore) to expand its exploration and production business. The company is slated to go into acquisition of new assets that are increasingly becoming available in the wake of a global crude oil crash.
Hindalco Industries: The SC asked the CBI to deal as per law with the diaries and cash seized from an office of Hindalco Industries, whether they were related to coal block allocation cases or not.
IndusInd Bank: The bank has entered into an agreement with Tata AIA Life Insurance to sell insurance policy of Tata AIA through the bank's branches after its arrangement with Aviva Life Insurance ended.
Reliance Industrial Infrastructure: The net profit for the quarter was at Rs. 4.2 Crore as compared to Rs 5.4 Cr (YoY).The income from Operations was at Rs 21.5 Crore.
Lanco Infratech Ltd: The company pre-closed its outstanding term loan with Yes Bank to the extent of Rs. 205.42 Cr by obtaining lower interest rate term loan from another bank.
D B Corp: The company announced that Dainik Bhaskar and Divya Marathi have acquired 14 frequencies in the Phase III auctions. Out of the 14, 9 frequencies have been acquired in Maharashtra, where MY FM is poised to become the biggest FM player (excluding Mumbai and Pune) and has created a strong complementary local ad medium to Divya Marathi.
Inox Wind: The company has bagged an order for a 50 MW wind power project at Lahori, Madhya Pradesh from Tata Power Renewable Energy (TPREL). The order is TPREL's third project with Inox Wind after two previous orders of 172 MW.
JSW Steel: The company reported Crude production at 3.25 mn Tons for Q2 2015-16. Crude steel production for the Second Quarter for the F.Y. 2015-16 was lower relative to that of last year as one of the Blast Furnaces at Vijayanagar works was taken under shut down for relining and is expected to be re-commissioned in early December 2015.
BHEL: BHEL has commissioned 2,730 MW of utility power projects in the first six months of 2015-16. It is more than double the power project commissioning achievement of 1,167 MW in the corresponding period of last year, the company said in a statement.
Aurobindo Pharma: Environment Ministry's green panel EAC has approved Aurobindo Pharma's proposal to expand bulk drugs facility in Medak district in Telangana.
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