Check out the companies which will be in focus during trade today based on recent and latest news developments.
Wockhardt Ltd: The pharma company has undergone recently an inspection at its L1-Chikalthana, Aurangabad manufacturing facility by UK MHRA and have received a communication confirming the closure of the inspection and issuance of an unrestricted GMP certificate.
Mahindra & Mahindra: The company' total sales (domestic+export) stood at 41,590 units as against 34,292 units previous year, with a rise of 21%.
Ashoka Buildcon Ltd: The company has announced that its subsidiary viz. Ashoka Concessions Limited, has received balance / last tranche of investment of Rs. 16 Crore, from Macquarie SBI Infrastructure Investments Pte Ltd. (MSIIPL) and SBI Macquarie Infrastructure Trust (SMIT).
IL&FS Engineering and Construction Company Ltd: The company has received a Letter of Acceptance (LoA) from Ministry of Road Transport and Highways (MoRTH) for a total value of Rs. 675 crores for Rehabilitation and Upgradation to 2 Lanes with Paved Shoulders Configuration and Strengthening of Birpur-Bihpur Section (from km. 0.0 to km 106) of NH-106 in the state of Bihar under Phase-I of NHDP.
Reliance Communication: Reliance Infratel, the tower arm of Reliance Communications, is reportedly planning to sign a tenancy agreement this week. The enterprise value of Reliance Infratel is pegged at Rs. 21,800 crore.
TV Today Networks: Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 26 per cent of the paid up capital of TV Today Networks Ltd. under the Portfolio Investment Scheme.
IVRCL Ltd: Bankers to IVRCL Ltd. have decided to invoke the provisions of the Strategic Debt Restructuring (SDR), reports a business daily.
Steel Strips Wheel Ltd: The company's sales turnover grew 2.5% in Nov'15 by acheiving a gross turnover of Rs.105.13 crores in Nov'15 as against 102.63 crores. Net turnover being Rs.94.70 crores in Nov'15 as against 92.41 crores for the month of Nov'14, showing a rise 2.5%.
Dena Bank: The bank said it will hold board meeting on 3 December to consider raising tier I capital up to an amount of Rs.1,500 crore, tier 2 capital up to an amount of Rs.1,000 crore and to consider raising equity capital of the bank by diluting government holding up to 52%, on obtaining necessary approvals.
Jubilant Life Sciences Ltd: The pharma company said that it has received ANDA approval for paroxetine tablets.
Eicher Motors: The company total sales for November 2015 rose 48% to 40,769 units compared to 27,542 units in November 2014.
Aurobindo Pharma: The pharma company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Risedronate Sodium Tablets USP, 5 mg, 30 mg and 35 mg (ANDA 200296).
Ashok Leyland: The company total sales clocked 16% rise with 8971 units sold in Nov'15 as against 7,732 units sold in Nov'14.
Cox& King: Cox & Kings on Tuesday announced the sale of its UK–based adventure holiday unit, Explore Worldwide Ltd, to Switzerland’s hotel chain Hotelplan for Rs. 258 crore.
Amtek Auto: The company is likely to cut its workforce by combining several operations to save costs even as the company is constantly looking to reduce its huge debt burden, reports a financial newspaper.
Vijaya Bank: The bank has started the process of financing around 60 start-ups in various sectors, MD & CEO Kishore Sansi has been quoted as saying by a business daily.
Coal India: The Government's proposed sale of 10% stake in Coal India Ltd. (CIL) is unlikely to materialise before April, reports a financial newspaper. The company production stood at 47.47 mn tonnes in November, down by 4.42 per cent from the targeted output level for the month.
Yes Bank: The bank said it has signed loan agreements worth $265mn with OPIC and Wells Fargo to support small business growth in India.
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