Check out the companies which will be in focus during trade today based on recent and latest news developments.
ONGC: The Centre's green panel has given a approval to the ONGC for its Rs. 1,752-crore project in Gujarat, as per a media report. These projects involve drilling of 406 development wells in oil fields in Gujarat's Cambay Basin.
NTPC: NTPC's joint venture project with Bangladesh Power Development Board (BPDB) for setting up a 1,320 Mw power plant in Bangladesh is expected to complete secure funds in the next 6-8 months, reports a business daily.
SpiceJet: SpiceJet will see a meaningful turnaround by the end of FY17 as India’s second largest budget carrier expects to clear legacy issues over the next six months and will expand its network, reports a business daily.
Maruti Suzuki: Maruti Suzuki temporarily suspended production at its Manesar and Gurgaon plants, starting Saturday (February 20). The combined output from Manesar and Gurgoan is currently about 5000 vehicles per day.
Ashok Leyland: Ashok Leyland Ltd (ALL) has reportedly said that it does not owe any royalty to Japanese auto maker Nissan, its joint venture (JV) partner for the LCV business.
IDBI Bank: The bank plans to raise up to Rs. 1,500 crore by selling stake to Life Insurance Corporation by preferential issuance of shares to the insurer.
Suprajit Engineering: The company has raised Rs. 150 crore through a qualified institutional placement amidst the turmoil in the markets, indicating that quality papers from performing companies have great demand from high net worth investors and fund houses.
PVR: PVR announced a tie-up with New Delhi-based Ozone Networks Ltd, a Wi-Fi service provider, to offer free Wi-Fi at PVR properties.
State Bank of India: State Bank of India has raised Rs.3,000 crore through tier-II bonds, the bank said in an exchange filing.
Havells India: Havells India Ltd. plans to set up a new manufacturing unit on the outskirts of Bengaluru at an investment of INR 1,059 crore, Chairman Anil Gupta has been quoted as saying by a business daily.
Heritage Foods: Heritage Foods Ltd. is reportedly exploring multiple options to turn its retail operations profitable in the next two years with the help of new investors and strategic partners.
eClerx Services: eClerx Services has invested into BuyTestSeries.com, an e-commerce marketplace for online test series and courses co-founded by Shirish Bhatt, Himanshu Jain and Gaurav Golwalkar with an aim of becoming a leading aggregator for eLearning products and technology partner of choice for coaching classes.
Divis Labs: Divis Laboratories Ltd has announced that the Company has had a successful inspection by the US-FDA for its Unit-2 at Chippada, Bheemunipatnam near Visakhapatnam during February, 2016 with no observations.
Aditya Birla Nuvo: Aditya Birla Nuvo Ltd announced formation of a joint venture with group firm Idea Cellular to set up a payments bank.
KDDL Ltd: KDDL Ltd has announced that the Company's subsidiary, Ethos Ltd, India's largest retailer of luxury watches, has raised funds by way of issue of Equity Shares on preferential allotment basis after complying with the provisions of section 42 of the Companies Act, 2013, totalling to Rs. 2,99,99,970/- from KDDL Limited, being the promoter.
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