Check out the companies which will be in focus during trade today based on recent and latest news developments.
Punjab National Bank: PNB has declared a list of about 900 wilful defaulters, including Winsome Diamonds & Jewellery, Zoom Developers and Nafed, which owe it nearly Rs. 11,000 crore.
Mahindra & Mahindra: M&M has firmed up plans to invest around Rs. 1,000 crore in developing petrol engines over the next two to three years.
Future Retail Ltd: The company is preparing a digital platform and an omnichannel to complement its strong physical presence in the organised retail business, reports a business daily.
Gayatri Projects: IDFC Alternatives and I Squared Capital are in the race for acquiring a controlling stake in two projects of Gayatri Projects, reports a business daily.
Kotak Mahindra Bank: Kotak Mahindra Bank Ltd has announced that the Bank has signed a share subscription and shareholders agreement with Airtel M Commerce Services Limited Company (AMSL) and Bharti Airtel Limited for agreeing to acquire 9,83,82,022 equity shares at Rs. 10/- each aggregating to Rs. 98.38 crore being 19.90% of the paid-up capital of AMSL.
NTPC: Riding high on impressive interests shown by the institutional investors, the offer for sale (OFS) of NTPC Ltd, which opened for subscription, received bids for 56,62,06,819 shares in the non-retail portion as against the non-retail issue size of 32,98,18, 576 shares, which is 1.81 times more.
Tata Motors: Tata Motors' Sanand plant is facing heat over the issue of suspension of workers due to misconduct, as nearly 300 of their colleagues are now on a flash strike demaning their reinstatement.
Fortis Healthcare: The company will announce adoption of global standards for patient-centric health services, value-based medicine.
Nestle India: The top official head said that the company will take three years to recover its India revenues following the impact of the Maggi episode as per conventional wisdom but the Swiss foods giant is looking to do it faster, as per media reports.
Castrol India: The company will announce its quarterly results today. The company will recommend a final dividend, if any for the year ended December 31, 2015.
ITD Cementation India: The company will announce its quarterly results today.
IFCI: IFCI Ltd. handed-over a Dividend Cheque of Rs.92.30 crore, which is 10% interim dividend for 2015-16 towards 55.53% of GOI equity holding in IFCI, to Arun Jaitley, Finance Minister, Government of India.
Strides Shasun: Strides Shasun Ltd have achieved closure of a strategic investment in GMS holdings through its Singapore-based subsidiary GMS Pharma Pte Ltd.
Neyveli Lignite: The company informed that Ministry of Coal has conveyed the allotment of Talabira-II & III Coal Mines in the State of Odisha to NLC by the Competent Authority in order to meet the coal requirements for the power projects of the Subsidiary companies viz., NLC Tamilnadu Power Limited (5 MTPA), Neyveli Uttar Pradesh Power Limited (10MTPA) and Sirkali Power Project (20MTPA).
HCC: HCC in joint venture with Vensar Constructions Company Ltd (VCCL), has been awarded Rs. 1114 crore contract by the Public Works Department (PWD) of Government of Manipur.
Salzer Electronics: The company has signed a Distribution Agreement with IPD Group Limited of Australia - a Leading Electrical distributor/Wholesaler and manufacturer in Australia for marketing and selling of Salzer Branded Electrical products for Solar Photovoltaic Applications in Australia and Newzeland.
Tata Steel: With an aim to cut costs and increase productivity, Tata Steel Ltd is looking to restructure its India business, reported a financial daily. Sluggish demand in domestic markets, increasing cheap imports, and shrinking profitability are considered to be the key factors behind the company’s latest move.
IDBI bank: SEBI approves IDBI bank's plan to raise Rs. 3,771 crore via QIP.
Dr. Lal Pathlabs: Dr. Lal Pathlabs, one of the leading diagnostic chains in India, is all set to expand its presence. The company has earmarked capital expenditure of Rs. 40 - 50 crore for building pathology laboratories each in Kolkata and Lucknow.
Jet Airways: Jet Airways, India’s premier international airline, announced the appointment of Rahul Taneja as Chief People Officer.
Mahindra & Mahindra: M&M has firmed up plans to invest around Rs. 1,000 crore in developing petrol engines over the next two to three years.
Future Retail Ltd: The company is preparing a digital platform and an omnichannel to complement its strong physical presence in the organised retail business, reports a business daily.
Gayatri Projects: IDFC Alternatives and I Squared Capital are in the race for acquiring a controlling stake in two projects of Gayatri Projects, reports a business daily.
Kotak Mahindra Bank: Kotak Mahindra Bank Ltd has announced that the Bank has signed a share subscription and shareholders agreement with Airtel M Commerce Services Limited Company (AMSL) and Bharti Airtel Limited for agreeing to acquire 9,83,82,022 equity shares at Rs. 10/- each aggregating to Rs. 98.38 crore being 19.90% of the paid-up capital of AMSL.
NTPC: Riding high on impressive interests shown by the institutional investors, the offer for sale (OFS) of NTPC Ltd, which opened for subscription, received bids for 56,62,06,819 shares in the non-retail portion as against the non-retail issue size of 32,98,18, 576 shares, which is 1.81 times more.
Tata Motors: Tata Motors' Sanand plant is facing heat over the issue of suspension of workers due to misconduct, as nearly 300 of their colleagues are now on a flash strike demaning their reinstatement.
Fortis Healthcare: The company will announce adoption of global standards for patient-centric health services, value-based medicine.
Nestle India: The top official head said that the company will take three years to recover its India revenues following the impact of the Maggi episode as per conventional wisdom but the Swiss foods giant is looking to do it faster, as per media reports.
Castrol India: The company will announce its quarterly results today. The company will recommend a final dividend, if any for the year ended December 31, 2015.
ITD Cementation India: The company will announce its quarterly results today.
IFCI: IFCI Ltd. handed-over a Dividend Cheque of Rs.92.30 crore, which is 10% interim dividend for 2015-16 towards 55.53% of GOI equity holding in IFCI, to Arun Jaitley, Finance Minister, Government of India.
Strides Shasun: Strides Shasun Ltd have achieved closure of a strategic investment in GMS holdings through its Singapore-based subsidiary GMS Pharma Pte Ltd.
Neyveli Lignite: The company informed that Ministry of Coal has conveyed the allotment of Talabira-II & III Coal Mines in the State of Odisha to NLC by the Competent Authority in order to meet the coal requirements for the power projects of the Subsidiary companies viz., NLC Tamilnadu Power Limited (5 MTPA), Neyveli Uttar Pradesh Power Limited (10MTPA) and Sirkali Power Project (20MTPA).
HCC: HCC in joint venture with Vensar Constructions Company Ltd (VCCL), has been awarded Rs. 1114 crore contract by the Public Works Department (PWD) of Government of Manipur.
Salzer Electronics: The company has signed a Distribution Agreement with IPD Group Limited of Australia - a Leading Electrical distributor/Wholesaler and manufacturer in Australia for marketing and selling of Salzer Branded Electrical products for Solar Photovoltaic Applications in Australia and Newzeland.
Tata Steel: With an aim to cut costs and increase productivity, Tata Steel Ltd is looking to restructure its India business, reported a financial daily. Sluggish demand in domestic markets, increasing cheap imports, and shrinking profitability are considered to be the key factors behind the company’s latest move.
IDBI bank: SEBI approves IDBI bank's plan to raise Rs. 3,771 crore via QIP.
Dr. Lal Pathlabs: Dr. Lal Pathlabs, one of the leading diagnostic chains in India, is all set to expand its presence. The company has earmarked capital expenditure of Rs. 40 - 50 crore for building pathology laboratories each in Kolkata and Lucknow.
Jet Airways: Jet Airways, India’s premier international airline, announced the appointment of Rahul Taneja as Chief People Officer.
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