20 Stocks in focus today

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

HDFC  Limited:  The  premier  housing  finance  company announced a reduction  in its Retail Prime Lending Rate (RPLR) by 25 basis points, with effect from October 06 , 2015.  This reduction would benefit all customers.

Sun Pharma: Ranbaxy Pharmaceuticals Inc., a unit of Sun Pharmaceutical Industries, has settled a patent litigation with Actavis over the generic version of Absorica, a drug used to treat acne.

Indian Overseas Bank: RBI has initiated a “Prompt Corrective Action” on Indian Overseas Bank (IOB) to improve internal controls and consolidate its business activities. IOB informed stock exchanges that the RBI action will not have any material impact on the growth prospects/performance of the bank.

Educomp Solutions: The company said it has sold entire stake in Wiz Learn Technology, Singapore, to V-cube Global Services for an undisclosed sum.

ITC: Aashirvaad ghee will make its debut this Diwali as ITC plans to enter into the dairy segment.

Gujarat NRE Coke Ltd: The board of the company has approved a plan to sell its 62 windmills in Gujarat for about Rs. 218.75 crore, subject to satisfactory due diligence.

Canara Bank: The bank has  reduced its benchmark lending rates by up to 0.25 per cent, making home and auto loans cheaper.

Jubilant FoodWorks: Copthall Mauritius Investment offloaded 3.78 lakh shares worth over Rs. 63.50 crore in Jubilant FoodWorks in an open market transaction, according to reports.

Tech Mahindra: Tech Mahindra has signed an agreement with Bombardier Commercial Aircraft to develop the Aircraft Ground Support System (AGSS) for Bombardier's Aircraft Health Management System (AHMS) for the C Series family of aircraft.

Tata Steel: Tata Steel said it will review its agreement with the Alberta-based New Millennium Iron Corporation (NML) on developing iron ore sites in Canada, as per media reports.

Bajaj Auto: Total sales of Bajaj Auto dipped to 3.84 lakh units in September 2015, as compared to 3.99 lakh units last year in the corresponding period, as data released by the company suggests.

Wockhardt Ltd: The pharma company has announced that inspection of the Company's manufacturing unit at L-1, Chikalthana, Aurangabad by UK MHRA has since been completed and there were no critical observations.

Union Bank of India: Belgian based KBC Asset Management plans to exit Indian market by selling its stake in the mutual fund business to its joint venture partner Union Bank of India.

PTC India Financial Services: The company has announced the introduction of its Credit Enhancement Scheme as part of its efforts to step up lending to quality infrastructure projects in the country. As part of the scheme, PFS will offer guarantee after detailed appraisal to eligible projects along with other financial institutions for providing partial guarantees for projects and the same shall be backed by adequate security.

Apollo Tyres:  Apollo Tyres, opened first branded retail outlet in Lebanon. After Dubai and Kuwait, this is the third branded retail outlet of Apollo in the West Asian region.

SpiceJet: The aviation company announced launching of two direct flights to Dubai, one each from Amritsar and Kozhikode, from next month and offered an all-inclusive introductory one-way fare of Rs. 4,999.

Lanco Infratech Ltd: The company has allotted 265.1 mn equity shares of Re 1 each at a price of Rs6.30 by conversion of promoters’ contribution of Rs1.6bn into equity shares of the company.

Cox & Kings: Cox & Kings owned Meininger Hotels will open a hotel in Budapest, Hungary by spring of 2018.

Jet Airways: The airline company announced discounts of up to 30% on its overseas fares and those sold by its strategic partner Etihad Airways.