Check out the companies which will be in focus during trade today based on recent and latest news developments.
ONGC: The company has decided not to invest in new projects until crude oil prices recover and the realisation is enough to maintain its earlier capex plans, as per media reports.
Reliance Infrastructure Ltd: Reliance Infra is in advanced talks to sell its cement business for Rs. 26 billion (US$394 million) and a deal could be announced as soon as this week, according to a foreign news agency.
Sanofi India: Sanofi Pasteur, the vaccines division of Sanofi, today said Food and Drug Administration of Philippines has granted marketing approval to its Dengvaxia vaccine to be licensed for the prevention of dengue in Asia.
Lupin: Drug major Lupin has received final approval from the US health regulator to market Potassium Chloride extended release capsules, used to treat potassium deficiency in the body, in the American market.
Kwality: The company is planning to acquire mid-sized dairy companies with a capacity of 3 lakh litres milk per day. The company had earlier acquired Varshney Bandhu Foods and Pashupati Dairies, according to the newspaper.
Bank of India: The bank has said it will raise up to Rs 3,000 crore by issuing tier-II bonds.
Essar Oil:Essar Oil’s delisting on Wednesday got through as the markets regulator Sebi gave its go-ahead to the stock exchange BSE to accept nearly 2 crore shares tendered by the state-run LIC for the promoters’ buyout offer.
Wipro Ltd: Wipro has agreed to buy a business process outsourcing (BPO) technology platform provider for capital markets, Viteos Group, for $130 million. The move comes as the Indian company presses the pedal in its efforts to bolster its portfolio of high-margin software platforms.
DLF: DLF has received Rs 1,992 crore from Singapore’s sovereign wealth fund GIC, thereby completing the deal to sell 50 per cent stake each in two upcoming projects in the national capital.
Tech Mahindra Ltd: Tech Mahindra announced the launch of India’s first contactless digital payment ecosystem, branded MoboMoney.
V-Mart Retail: The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of V-Mart Retail Limited under the Portfolio Investment Scheme.
Idea Cellular: Idea Cellular announced the launch of its high speed 4G LTE services across all five states of South India - Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana.
Sakthi Sugars Ltd: Sakthi Sugars said that it reached settlement with FCCB holders and will settle $11.7 million of bonds at 65% face value.
Suven Life Sciences: The company announced securing 7 product patents overseas. The company has secured product patents in ARIPO, Europe, Hong Kong, Japan Macau and South Korea to their New Chemical Entities (NCE’s) for CNS therapy through mechanism of action – H3 Inverse agonist and these patents are valid until 2031.
Kalpataru Power Transmission: The company has secured news orders approx. Rs.1,395 crore.
Hatsun Agro Product Ltd: Hatsun Agro Products has finalised plans to acquire a cattle feed mill in Tamil Nadu for Rs. 13.50 crore. The Rs. 2,900-crore Hatsun Agro will acquire the mill belonging to VKS Farms Pvt Ltd at Coimbatore in an all-cash deal subject to due diligence and other formalities, according to information provided by the company to the BSE.
Pincon Spirit: The company plans to launch its new product in the market as Flavored Indian Made Indian Liquor (Country Spirit) in the Name of Company Existing "Pincon Bangla No. 1 Nimbo Pani".
Azure Power: The company has announced it has won 100 MW solar power capacity projects in Andhra Pradesh, which were recently put up for auction by NTPC Limited under the National Solar Mission.
Dish TV: Dish TV said it has rolled out an aggressive plan targeted at over 33 million households with the potential to get digitised, as per media reports.
Larsen & Toubro: L&T has bagged orders worth Rs. 1,178 crore across various segments so far this month.
Natco Pharma Ltd: Natco Pharma and its US partner Allergan have announce settlement of the pending litigation with Celgene regarding generic Lenalidomide (Revlimed) capsules.
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