Sun Pharma, Jubilant Life Science among 12 Stocks in focus today

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

Sun Pharma: The pharma company received a Warning Letter from the US FDA as a result of the September 2014 inspection, for its facility located at Halol, Gujarat in India.

United Bank of India: The bank is planning to raise Rs. 1,500 crore through preferential allotment of shares, the bank said in a BSE filing.

M&M: The auto company has launched the all-new KUV100, a sub-4 metre compact SUV.  Mahindra KUV100 is powered by an all-new engine family called ‘m Flacon’.

Blue Star Ltd: The company has informed BSE that the Hon'ble Bombay High Court has at the hearing held on December 18, 2015, sanctioned the Scheme of Amalgamation of Blue Star Design and Engineering Limited ("BSDEL") with Blue Star Engineering & Electronics Limited ("BSEEL") and their respective shareholders and creditors. The authenticated copy of the final order is still awaited. Blue Star Design and Engineering Limited and Blue Star Engineering & Electronics Limited are wholly-owned subsidiaries of the Company.

UltraTech Cement: The company has informed BSE that the tenure of O. P. Puranmalka as Managing Director of the Company ceases on March 31, 2016. He continues as a Non-executive Director of the Company with effect from April 01, 2016. The Board of Directors of the Company ("the Board") at its meeting held on December 18. 2015 took note of these changes.

Havells India: Havells is planning to start manufacturing small domestic appliances from January 2016.

Tata Power: Tata Power's subsidiary Maithon Power Ltd has commenced 150 MW supply to Kerala with immediate effect.

Aarti Industries Ltd: The company has informed BSE that Promoters of the Company have indicated that they are exploring possibility to set aside approximately 40 Lac equity shares (Rs. 5/- each fully paid up) held in the Company for charitable/philanthropic purpose.

Jubilant Life Science: Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 45 per cent of the paid up capital of Jubilant Life Science Limited under the Portfolio Investment Scheme

Kesoram Industries: Kesoram Industries board approved the company's proposal to raise up to Rs. 650 crore through qualified institutional placement.

L&T Finance Holdings Ltd: The company has informed BSE that the Board of Directors of the Company at its meeting held on December 18, 2015, has approved the allotment of 3,18,36,971 (Three Crore Eighteen Lakhs Thirty Six Thousand Nine Hundred and SeventyOne) Equity Shares to BC Investments VI Limited (Investor 1), and 6,38,20,990 (Six Crore Thirty Eight Lakhs Twenty Thousand Nine Hundred and Ninety) Share Warrants ("Warrants") to BC Asia Growth Investments (Investor 2), on a preferential basis.

NTPC: NTPC is likely to drop a plan to take over Damodar Valley Corporation’s (DVC) 2,520 MW Raghunathpur plant in West Bengal after the railways refused to buy power from the utility, reports a financial newspaper.

Gammmon India: Lenders to Gammon India Ltd. will convert Rs. 245 crore worth of debt to a 60.10% equity stake under the strategic debt restructuring (SDR) norms.