Infosys, ITC, Ashoka Buildcon 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.

Ashoka Buildcon Ltd: The company said that it has entered into a share purchase agreement with peer PNC Infratech Ltd to purchase 8.51% stake in Jaora-Nayagaon Toll Road Co. Pvt. Ltd (JTCL) for about Rs.34.19 crore.

ITC Limited: ITC has announced that Greenacre Holdings Limited (GHL) has acquired 87.06% of the equity share capital of Classic Infrastructure & Development Limited [CIDL an associate of Russell Credit Limited (RCL)], at an aggregate consideration of Rs.11.38 crores.

Infosys: Infosys intends to create 250 new jobs over the next three years in Ireland to develop new technologies and support innovation in global financial institutions, announced Taoiseach (Prime Minister) Enda Kenny and Richard Bruton, the Minister for Jobs, Enterprise and Innovation, Government of Ireland.

Jamna Auto Inds: Private equity firm Clearwater Capital Partners on Monday sold a 16.5 per cent stake in auto component maker Jamna Auto Industries Ltd. for about Rs. 77 crore through open market transactions.

Tata Chemicals: Tata Salt, part of the consumer products business of Tata Chemicals, is revamping packaging and distribution to boost visibility, reinforce identity, enhance reach and better engage with consumers, reports a financial newspaper.

Tata Consultancy Services: TCS announced that IDFC Bank has gone operational with TCS BaNCS for core banking services. IDFC Bank started operations on October 1, 2015, with 23 branches, powered by TCS BaNCS.

Poddar Developers: Poddar Developers Ltd. is looking to raise INR 600 crore from private equity (PE) firms for land acquisitions and project specific developments, as per media reports.

3I Infotech Ltd: The company will consider a proposal for the realignment of its debt with the lenders/lessors in India and holders of foreign currency convertible bonds (FCCBs)

ONGC: Rosneft is likely to join hands with ONGC Videsh Ltd. (OVL) for more upstream oil & gas projects, reports a business daily.

Tamil Nadu Newsprint & Papers Ltd: TNPL 300-acre factory at Mondipatti will commence commercial production in February, reports a business daily. Trial production will start next month, it adds.

Godrej Properties: Godrej Properties has sold 300 flats worth over Rs. 700 crore in just one week in its project at Vikhroli, Mumbai, even as the housing segment is facing huge demand slowdown.

Nihar Info Global: The company has entered into agreement with Trisa Retail for online sale of gold and silver items through their ecommerce portal www.goldnsilver.in.

Pincon Spirit: Pincon Spirit has acquired bottling unit of Indian Made Indian Liquor (CS Liquor) of National Industrial Corporation (Nicols) situated at Asansol, West Bengal.

Sadbhav Infrastructure Project: Sadbhav Infrastructure Project announced that Shreenathji-UdaipurTollway (SUTPL), a wholly-owned subsidiary of the company has received provisional completion certificate for 100% project stretch on Friday and accordingly toll collection has been started on the project from Dec 06, 2015.

Neyveli Lignite Corporation: Neyveli Lignite Corporation has taken all necessary steps to make up for the shortfall in production and power generation, as the mining activities take a hit following excessive rainfall.

GMR Group: The GMR Group plans to raise at least US$1 billion over the next two years to cut debt, repay investors in its airports business and prepare for a new phase of growth, CFO Madhu Terdal has been quoted as saying.

Coal India Ltd: Coal India has assessed a tentative capital investment of Rs. 57,000 crore for the next five years to ramp-up its coal production to 1 billion tonnes by 2019-20 from the production level of 494.80 metric tonnes in 2014-15, said Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha.