14 Stocks in focus today

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

Simbhaoli Sugars Ltd: The company has informed BSE that The Hon'ble High Court of Judicature at Allahabad (the Court) has sanctioned the Scheme of Amalgamation of Simbhaoli Sugars Limited with Simbhaoli Spirits Limited (the Scheme) on September 09, 2015. The order sanctioning the Scheme was uploaded at the Court's website on Oct 1, 2015.

Bank of Baroda: The bank has suspended two senior officials and done an investigation to verify in connection to the alleged forex scam in one of its Delhi branches

Kolte-Patil Developers Ltd: The real-estate company has raised Rs. 110 crore through issue of redeemable Non-Convertible Debentures(NCD). The developer has raised the funds through private placement of these secured NCDs.

IOC:The company plans to sell subsidised 5-kg LPG cylinders in rural India in a bid to promote the use of clean fuel for cooking, Chairman B Ashok was quoted as saying on Sunday in Kolkata.

Tata Steel: The steel company sold 2.3 mn tons (mt) of steel in the second quarter ended September 30, 2015 up 11%. For the half year ended September 30, 2015, the company sold 4.4 mt of saleable steel. The company reportedly said it produced 2.4 mt of saleable steel in Q2 FY'16.

Maruti Suzuki: The companyapproved a proposal to raise foreign institutional investors (FII) limit in the company to up to 40% from the current 24%.

GMR Infrastructure: Kakinada SEZ Pvt. Ltd. (KSEZ), a subsidiary of GMR Infrastructure Ltd. (GMR), signed a Memorandum of Understanding (MoU) with Japanese Major – JGC Corporation (JGC) for co-developingJapanese Oriented Food Processing Park (Park) at its Kakinada Special Economic Zone.

Maharashtra Seamless Ltd: The company has reportedly shut down one of its units at Raigarh in Maharashtra, rendering nearly 500 employees jobless.

Zensar Technologies: The company announced that Marina Holdco, a company backed by Funds advised by Apax Partners has acquired 23.2% stake in Zensar Technologies. The stake was acquired from Electra Partners Mauritius, an existing minority shareholder. RPG Group continues to be the promoter and the largest shareholder in the Company with 48% stake.

Unichem Laboratories: The company has received ANDA approval from the United State Food and Drug Administration for Montelukast Sodium Tablets.

SpiceJet: The country’s favourite low-cost carrier has unveiled an all new winter schedule, with 291 daily flight from the current 250 daily flights, adding 10 new sectors, 30 new frequencies and 22 connecting flights. The airline also announced the induction of six new aircraft to its existing fleet strength in the next 30 days, a first of its kind initiative in the history of Indian aviation.

IDBI Bank Ltd: Staff and officers of IDBI Bank are contemplating one-day nationwide strike to oppose the government's proposed move to dilute its stake in the lender, as per media reports.

Aurobindo Pharma: The pharma company has received the final approval from the US Food and Drug Administration (USFDA) to manufacture and market Aripiprazole tablets. The approved new drug application is the bioequivalent of the reference listed drug product Abilify of Otsuka Pharmaceutical Company.

Cairn India: The company reported a 3% rise in crude oil and natural gas production from its Rajasthan fields to 168,126 barrels per day in the second quarter ended September 30, an official statement by the company said.