Bharti Airtel, HDFC Bank, SpiceJet among 17 Stocks in focus today

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

HDFC Bank: HDFC Bank  slashed it base rate by 5 basis points to bring it down to 9.30 percent from the 9.35 percent earlier effective January 4, 2016. The bank has earlier cut rates in August by 0.35 percent.

Bharti Airtel: The telecom company has acquired 74% capital of Augere. With the aforesaid acquisition, Augere has become a subsidiary of Airtel.

Maruti Suzuki: Maruti Suzuki India is reportedly planning to commence exports of its new premium hatchback Baleno to the European Union.The first shipment of premium hatchback to Europe is expected to commence in January, says a report.

SpiceJet: SpiceJet said its shareholders have approved a proposal to raise funds worth up to Rs 5,000 crore. The shareholders  approved the appointment of promoter Ajay Singh and his wife Shivani Singh as directors, the company said.


Tata Power: Tata Power has refinanced Rs. 3,864 crore loans for its 4,000-MW Mundra ultra mega power project (UMPP) in Gujarat which will help the plant save around Rs. 77 crore a year in interest cost.


SREI Infrastructure: BNP Paribas Lease Group (BPLG), a part of the French bank BNP Paribas, will sell its entire 50% stake in the joint venture SREI Equipment Finance Ltd (SEFL) to its partner SREI Infrastructure Finance Ltd (SREI) and become a shareholder in SREI.


Suven Life Sciences Ltd: The pharmaceutical company has obtained two products patents, one each from Europe and Macau, for its New Chemical Entities (NCEs) for the treatment of neurodegenerative diseases.

Care: The company has signed a Memorandum of Understanding (MoU) with Japan Credit Rating Agency to collaborate as strategic business partners.

Future Consumer Ltd: The company has announced that it is seeking Shareholders nod to transfer division to Future Retail.

Zuari Agro Ltd: Zuari Agro has announced that its Board approved merger of Zuari Fert, Zuari Rotem & Zuari Agri Sciences with the company.

Dena Bank: The bank has tied up with CNX Corporation Ltd. for availing Collateral Management services for financing farmers/ traders/ processors against pledge of warehouse receipts. 

Petron Engineering Construction Ltd: Petron Engineering Construction has received Letter of Intent from JSW Cement Limited (JSWCL) for Civil and Structural Work for 2 x 1.2 MTPA GGBS Grinding Unit at JSWCL, Salboni, West Bengal for a total contract price of Rs. 75 Crores.

BHEL: The company has received Letter of Intent from JSW Cement Limited (JSWCL) for Civil and Structural Work for 2 x 1.2 MTPA GGBS Grinding Unit at JSWCL, Salboni, West Bengal for a total contract price of Rs. 75 Crores.

INOX Leisure: The company has  commenced the commercial operations of a Multiplex Cinema Theatre, taken on Lease basis, and located at Osia Commercial Arcade, SGPDA Market Complex, Margao, Goa with effect from December 29, 2015. 


Prakash Steelage Ltd: A meeting of the Board of Directors of Prakash Steelage Ltd will be held on December 29, 2015, to consider and approve the proposal of splitting of Equity Shares of the Company subject to approval of the Members of the Company and to consider and fix the record date.

Jindal Steel and Power Ltd: JSPL has agreed to allow lenders to its subsidiary Jindal Power Ltd to convert debt into equity in the event of a default, the company said.