Check out the companies which will be in focus during trade today based on recent and latest news developments
DLF Ltd: The promoters is planning to sell 40% stake in a subsidiary that owns many of the company’s rent-generating.
Videocon Industries: The company plans invest Rs.60 bn over next four years to scale up business in direct-to-home services, as per media reports.
Torrent Pharmaceuticals: The pharma company said its board has given approval to the scheme of amalgamation of its subsidiary Zyg Pharma with the company.
Tata Steel: The Odisha government is expected to allot a 1,235-acre land parcel in favour of company's special economic zone today, as per media reports.
Rajesh Exports: The company has bagged an export order worth Rs.13.6bn for gold and diamond studded jewellery and medallions from the UAE.
Tata Motors: Jaguar Land Rover (JLR), the British luxury car making subsidiary of Tata Motors, will invest about US$2 billion in Phase-I of its proposed manufacturing plant in the Republic of Slovakia.
RIL, ONGC: Some natural gas may have flown out of the fields of ONGC, through the adjoining KG-D6 fields operated by the company, as per US-based consultant firm DeGolyer's preliminary observations.
PVR: Foreign institutional investors increased their stake in the company by 356 basis points to 25.41% as Sep 30 and domestic institutional investors increased their stake to 14.01%, as per media reports.
Man Industries: The company has received orders worth Rs. 7 bn from international and domestic customers for supply of pipes for oil, gas and water sector projects, as per media reports.
Tribhovandas Bhimji Zaveri: The company announced an arrangement with Snapdeal to showcase their high quality diamond jewellery and gold coins anytime, anywhere on online marketplace.
Crompton Greaves: The company announced the divestment of its entire 50% shareholding in CG Lucy Switchgear Limited to W Lucy & Co Limited, UK for a consideration of Euro 5.5 mn (c.Rs400 mn).
RCOMM: Reliance Communications (RCom) has completed the due diligence for merger with Russia's Sistema Shyam Teleservices, as per media reports. The two companies will meet early next month to finalise the merger and the swap ratio.
Aurobindo Pharma: Domestic generic drug maker, Aurobindo Pharma is planning to launch a share sale to institutional investors to raise $300 million.
ICICI Bank: The bank has launched a service ‘mVisa’ to enable customers to make electronic payments from their smartphones at physical stores, e-commerce and other deliveries at home, radio taxis, and utility billers, among others.
Shilpi Cable Technologies Ltd: Cables manufacturer Shilpi Cable has partnered with New Zealand headquartered Eyecom Telecommunications Equipments to make a foray into the antenna business with a view to offer end-to-end solutions to telecom operators.
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