Tech Mahindra, Sun Pharma among 16 Stocks in focus today

Tech Mahindra Limited: Tech Mahindra, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra, part of the global $ 16.9 billion Mahindra Group, have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stake in Pininfarina S.p.A., an iconic Italian brand in automotive and industrial design.

Sun Pharmaceutical Industries: The pharma company announced that as a part of its manufacturing consolidation in the US, one of its wholly owned subsidiaries has entered into an agreement with Nostrum Laboratories Inc. (Nostrum) for the divestment of the Bryan (Ohio) unit in the US.

Suzlon Energy Ltd: The company will allot over 3.58 lakh shares to bondholders upon conversion of some bonds due in July 2019.

Zensar Technologies: Zensar Technologies  named Sandeep Kishore as chief executive officer (CEO) and managing director (MD).

IndusInd Bank Ltd: IndusInd Bank is expanding its investment banking division with a focus on private equity (PE) and mergers & acquisition (M&A) advisory, as per media reports.

Siemens Ltd: Siemens could acquire new businesses to support existing verticals of Energy, Automation and Engineering services, a senior company official has been quoted as saying.

DCB Bank: The bank has revised its Base Rate to 10.70% p.a. from the earlier Base Rate of 10.85% p.a. and BPLR to 17.95% p.a. from 18.10% p.a.

Infosys: Infosys is planning to partner with Silicon Valley's storied venture capital firm 500 Startups by investing in one of its funds.

Emami: The company has launched its new winter cream, the cream is called ‘Fair and Handsome Complete Winter Solution’.

Petron Engineering Construction: The company has received Letter of Intent from The Ramco Cements Limited for Civil and Mechanical works for capacity upgradation of Line-1 Cement Plant and Captive Power Plant at Jayanthipuram for a contract value Rs. 225 million.

Speciality Restaurants Ltd: Speciality Restaurants has closed the Café Mezzuna, its Mediterranean restaurant located at City Point, Boat Club Road. Accordingly, the total number of restaurants of the Company stands at 103 and that of confectionaries is at 19.

Bharti Airtel Ltd: Batelco has signed a partnership deal with India's Bharti Airtel.

Tata Steel Ltd: The steel company has launched two new innovative products, offering a complete range of structural steel product to its vast customer base. 

IL&FS Engineering and Construction Company Ltd: The company has received a Letter of Acceptance (LoA) from Metro-Link Express for Gandhinagar and Ahmedabad (MEGS) Company Ltd for the construction of a viaduct corridor.

Artson Engineering: The company has received a Purchase Order for Fabrication and Supply of Steel Building Structure for a Power plant. The estimated Order Value is Rs 14.87 crore.

Natco Pharma: Natco Pharma and its partner Alvogen said they have settled patent infringement suit with Gilead Sciences Inc and others over Tamiflu, in a US court.