Check out the companies which will be in focus during trade today based on recent and latest news developments.
NTPC: NTPC is looking to raise money via dollar-denominated bonds in January, and it could mobilise US$500 million through the bond issue, as per media reports.
United Spirits: United Spirits' new owner Diageo has carried out restructuring of the liquor major's internal organisational structure, reports a business daily.Processes have been put in place and the number of layers as well as the reporting structure have been rationalised, according to the newspaper.
Titan Company: Removing Titan Company Ltd from the caution list regarding raising of aggregate ceiling for investments by FIIs/RFPIs in Indian companies under Portfolio Investment Scheme (PIS), the RBI has permitted FIIs/RFPIs to invest up to 35% of the paid-up capital of the company under the PIS.
Idea Cellular Ltd: Idea Cellular launched its own 3G network in Kolkata, expanding the company's third-generation services coverage to 13 markets.
Cipla Ltd: The company announced has approved the transfer of the consumer healthcare business of the Company to Cipla Health on a going concern basis by way of a slump sale for a lumpsum consideration of Rs. 16 crore.
Infosys: Infosys announced that it has won a contract to transform the application landscape of DNB Bank of Norway.
Texmaco Rail & Engineering Ltd: The company announced that the its consortium with Hitachi Japan, Mitsui & Co. and Hitachi India has won a contract for the design and construction of signal and telecom works - STP5 (the project), as per media report.
Siemens Ltd: The company has won an order worth Rs.1.02 billion to supply a 400 kV Gas Insulated Switchgear (GIS) Substation to West Bengal State Electricity Transmission Company Limited (WBSETCL).
RIL: Moody's Investors Service has affirmed Reliance Industries Limited's (RIL) Baa2 domestic long-term issuer rating and foreign currency senior unsecured rating.
Honeywell India: The company wants to expand its presence and engagement with Indian companies in the growing defence and aerospace sectors.
Shilpa Medicare: Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can invest up to 30% of the paid up capital of Shilpa Medicare Limited under the Portfolio Investment Scheme (PIS).
Aurobindo Pharma: The US-based Acorda Therapeutics, Inc has entered into a settlement agreement with Aurobindo Pharma Ltd to resolve pending patent litigation brought by the company against Aurobindo involving Ampyra (dalfampridine) Extended-Release Tablets, according to a filing submitted by the company with the Securities Exchange Commission.
Tata Consultancy Services: TCS will add 3,000 seats at its Kalinga Park centre in Bhubaneswar, as it expands its presence in Odisha.
Havells India: The company said that it will divest its majority stake in its overseas subsidiary units Havells Sylivania Malta Ltd and Havells Exim Ltd of Hong Kong to lighting equipment maker Shanghai Feilo Acoustics Co. Ltd of China to focus on India market.
NBCC: The company has bagged a contract worth Rs. 188 crore from the Indian Culinary Institute Society.
Inox Wind: The company has acquired 100% equity shares of Sarayu Wind Power (Tallimadugula) Pvt. Ltd for an undisclosed amount in a bid to expand its presence in the Andhra Pradesh market.
Bharat Forge: Bharat Forge has entered into a agreement with Rolls-Royce Plc to supply critical and high integrity forged and machined components for a range of aero engines, including the flagship Trent engine.
Man Industries India: The Company announced the 1st Phase of commercial production at its Pithampur Plant in M.P. w.e.f. 9th December, 2015. The company has recently upgraded the HSAW PIPE manufacturing facility at Pithampur to manufacture 135 " dia pipes to cater water transport segment.
Shreyas Shipping & Logistics: The company has signed MOU with Suzue Corporation of Japan for a Joint Venture.
Anuh Pharma: Anuh Pharma, one of the largest manufacturers of Macrolides and Anti-TB products in India, plans to set up a state-of-the-art manufacturing facility targeted at regulated markets is under construction on the newly acquired piece of land and the same is proposed to be commissioned in FY 17.
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