Check out the companies which will be in focus during trade today based on recent and latest news developments.
Infosys: Stressing the need to bring back predictability in performance the Infosys management on a conference call with analysts mentioned it has a five-pronged strategy to bring back growth.Infosys sees pressure on margins in the coming third quarter attributing the same to holiday season fall in spends.
Reliance Infra: Reliance Infrastructure Limited announced that all requisite approvals including the approval of the Competition Commission of India (CCI) and the Gujarat Maritime Board (GMB) have been received for the acquisition together with management control of Pipavav Defence and Offshore Engineering Company Limited. (Pipavav Defence).
Nestle India: The Food Safety & Standards Authority of India (FSSAI) moved the Supreme Court against the Bombay High Court's order lifting the ban on Nestle's Maggi noodles. "We have appealed in the Supreme Court on two accounts, one is the allegation that our officials acted against the system of natural justice and second the validity of operations of our labs," FSSAI Chairman and CEO Ashish Bahuguna has been quoted as saying.
Ajanta Pharma Limited: Ajanta Pharma announced the launch of Montelukast Sodium Oral Granules (4mg), a bioequivalent generic version of SINGULAIR Granules, in the US market. Ajanta Pharma offers Montelukast Granules in cartons containing 30 individual sachets.
Videocon Industries Ltd: The Company has launched Issue of Foreign Currency Convertible Bonds convertible into ordinary equity shares, in exchange of a part of outstanding amount of existing US$200,000,000 6.75 per cent. Convertible Bonds due 2015, subject to the acceptance of the exchange offer by the requisite majority of the bond holders and subject to other statutory approvals.
Indiabulls Housing Finance: The promoter and managing director of Indiabulls Housing Finance Ltd. bought shares worth Rs. 100 crore to increase their stake in the housing finance company.
Apollo Tyres Ltd: Apollo Tyres may miss its 2020 target of becoming a US$6 billion company, chief financial officer (CFO) Gaurav Kumar said on Monday. The company announced the acquisition of Reifencom GmbH, one of the largest tyre distributors in Germany for Euro 45.6 million. Reifencom GmbH has an online presence in 6 countries -- Germany, France, Italy, Austria, Switzerland and Denmark.
Zensar Technologies: Zensar Tech is planning to appoint a new head to replace its chief executive officer Ganesh Natarajan, says report. The company has appointed executive search firm Russell Reynolds to scout for a new chief executive.
Talwalkars Better Value Fitness Ltd: The company said in a notice to BSE that it will buy 51% stake from promoters of Chennai-based Inshape Health and Fitnez Pvt. Ltd in an all-cash deal.
Niraj Cement Structurals: The company has informed BSE that the Company has secured One Contract from The Executive Engineer - Pkhulbani (R&B) Division - "Improvement to Sankarakhole -Koinjhar-Paburia-Mandakia road (ODR) from 5/600 km to 20/000 km under NABARD Assistance RIDF - XXI".
Inox Wind: Inox Wind is commissioning a 800 Mw facility at its manufacturing unit in Madhya Pradesh to double production capacity to 1,600 Mw.
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