Check out the companies which will be in focus during trade today based on recent and latest news developments.
Jindal Steel & Power Ltd: CRISIL Ratings has downgraded Jindal Steel & Power Ltd. (JSPL) to below investment grade after the company reported a consolidated net loss of INR 573 crore for the quarter ended December 2015.
Oriental Bank of Commerce: The Oriental Bank of Commerce (OBC) has reported alleged “mismanagement and siphoning of public money” at a subsidiary of the Delhi-based Dalmia Bharat Group, reports a financial newspaper.
Cipla: The pharma company said the government has approved an investment by Mauritius-based FIL Capital Investments in its subsidiary, Cipla Health Ltd.
State Bank of India: SBI Chairman, Arundhati Bhattacharya, states that NPAs are expected to rise in the next quarter and affect profits. She also states that the bank will evaluate the current NPA situation and look at how to deal with the rising NPAs after March.
Ashok Leyland: Nissan Motor has sent a termination notice on Nissan Ashok Leyland Technologies - a 50:50 technology/R&D joint venture (JV) between the Japanese automaker and Ashok Leyland.
Omaxe: Omaxe Ltd's sales booking surged by 16% to Rs. 1,335 crore in the April-December period of this fiscal.
Coal India: Coal India is planning to hire 1,000 people in different streams this year, according to reports.
HCL Tech: HCL Technologies has bagged the largest outsourcing contract in recent times from Swedish auto maker Volvo Group, with the deal valued at over $ 2.8 bn spread over five years.
Punj Lloyd: The company announced winning oil & gas EPC orders worth Rs 2070 crore from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC) which are owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC.
Bank of India: Standard & Poor's Ratings Services said that it had revised its outlook on Bank of India to negative from stable.
Bharti Airtel: Bharti Airtel has announced top-level leadership changes in its Africa arm and has also rejigged the organisation design there to boost operational efficiencies.
Just Dial Ltd: The company in a filing, informed the exchanges that its buy-back offer of 10.61 lakh equity shares would open for subscription on February 25, and close on March 10.
Thomas Cook: The company has inked a pilot partnership with Airbnb, the world’s leading community-driven hospitality company.
Kesoram Industries Ltd: The company plans to raise Rs. 180 crore through preferential issue of equity shares to a promoter entity and issue of optionally convertible preference shares to IndusInd Bank.
Tata Power: Tata Power, India’s Largest India’s largest integrated power company, has successfully operationalised the net metering for the Rooftop Solar PV (RTS PV) System installed at the premises of Vardhan Industries Limited, a Tata Power consumer, in Mumbai.
TCS: Tata Consultancy Services announced the launch of a solution to enable Voice over LTE for virtualized networks using TCS’ Network Function Virtualization (NFV) ConcertoTM platform.
United Breweries (Holdings) Ltd: United Breweries (Holdings) in which liquor baron Vijay Mallya is a majority owner, has said that Punjab National Bank has declared the company as a "willful defaulter".
Inox Wind: The company has bagged 100-MW wind power project order from Tata Power Renewable Energy Limited (TPREL) at Rojmal, Gujarat.
BPCL: BPCL has received clearance from the Environment Ministry for a Rs 3.3 bn project at its Kochi Refinery in Kerala.
MIC Electronics: The company has alloted of 3,30,00,000 Preferential Convertible Equity Share Warrants to investors face value Rs. 2/- each at a premium of Rs.23/- issued at Rs.25/- each as per in-principal approval received from National Stock Exchange of India Limited and Bombay Stock Exchange through letters dated January 28, 2016 and February 04, 2016 respectively.
Den Networks: The company is planning to demerge its broadband business into a wholly owned subsidiary. The company is also looking to demerge cable business of its 23 subsidiaries companies and merge them into itself. In this regard, the company has received its board’s approval at the meeting held on 9 February 2016.
Videocon Industries: The company is betting on sales network expansion and product launches to sell 600,000 air conditioner units this year that will help the company capture 15% market share in the segment.
RattanIndia Power: RattanIndia Power Ltd has recently announced appointment of Mr. Venugopal Keshanakurthi as the Chief Financial Officer of the company with immediate effect.
Tata Chemicals: The company said that its arm Bio Energy Venture - 1 (Mauritius) is in pact with Rademan Janse van Rensburg for sale of its entire stake in Grown Energy Zambeze Holdings Pvt. Ltd, Mauritius (‘GEZ Mauritius’) for a consideration of $5.5 million.
Oriental Bank of Commerce: The Oriental Bank of Commerce (OBC) has reported alleged “mismanagement and siphoning of public money” at a subsidiary of the Delhi-based Dalmia Bharat Group, reports a financial newspaper.
Cipla: The pharma company said the government has approved an investment by Mauritius-based FIL Capital Investments in its subsidiary, Cipla Health Ltd.
State Bank of India: SBI Chairman, Arundhati Bhattacharya, states that NPAs are expected to rise in the next quarter and affect profits. She also states that the bank will evaluate the current NPA situation and look at how to deal with the rising NPAs after March.
Ashok Leyland: Nissan Motor has sent a termination notice on Nissan Ashok Leyland Technologies - a 50:50 technology/R&D joint venture (JV) between the Japanese automaker and Ashok Leyland.
Omaxe: Omaxe Ltd's sales booking surged by 16% to Rs. 1,335 crore in the April-December period of this fiscal.
Coal India: Coal India is planning to hire 1,000 people in different streams this year, according to reports.
HCL Tech: HCL Technologies has bagged the largest outsourcing contract in recent times from Swedish auto maker Volvo Group, with the deal valued at over $ 2.8 bn spread over five years.
Punj Lloyd: The company announced winning oil & gas EPC orders worth Rs 2070 crore from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC) which are owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC.
Bank of India: Standard & Poor's Ratings Services said that it had revised its outlook on Bank of India to negative from stable.
Bharti Airtel: Bharti Airtel has announced top-level leadership changes in its Africa arm and has also rejigged the organisation design there to boost operational efficiencies.
Just Dial Ltd: The company in a filing, informed the exchanges that its buy-back offer of 10.61 lakh equity shares would open for subscription on February 25, and close on March 10.
Thomas Cook: The company has inked a pilot partnership with Airbnb, the world’s leading community-driven hospitality company.
Kesoram Industries Ltd: The company plans to raise Rs. 180 crore through preferential issue of equity shares to a promoter entity and issue of optionally convertible preference shares to IndusInd Bank.
Tata Power: Tata Power, India’s Largest India’s largest integrated power company, has successfully operationalised the net metering for the Rooftop Solar PV (RTS PV) System installed at the premises of Vardhan Industries Limited, a Tata Power consumer, in Mumbai.
TCS: Tata Consultancy Services announced the launch of a solution to enable Voice over LTE for virtualized networks using TCS’ Network Function Virtualization (NFV) ConcertoTM platform.
United Breweries (Holdings) Ltd: United Breweries (Holdings) in which liquor baron Vijay Mallya is a majority owner, has said that Punjab National Bank has declared the company as a "willful defaulter".
Inox Wind: The company has bagged 100-MW wind power project order from Tata Power Renewable Energy Limited (TPREL) at Rojmal, Gujarat.
BPCL: BPCL has received clearance from the Environment Ministry for a Rs 3.3 bn project at its Kochi Refinery in Kerala.
MIC Electronics: The company has alloted of 3,30,00,000 Preferential Convertible Equity Share Warrants to investors face value Rs. 2/- each at a premium of Rs.23/- issued at Rs.25/- each as per in-principal approval received from National Stock Exchange of India Limited and Bombay Stock Exchange through letters dated January 28, 2016 and February 04, 2016 respectively.
Den Networks: The company is planning to demerge its broadband business into a wholly owned subsidiary. The company is also looking to demerge cable business of its 23 subsidiaries companies and merge them into itself. In this regard, the company has received its board’s approval at the meeting held on 9 February 2016.
Videocon Industries: The company is betting on sales network expansion and product launches to sell 600,000 air conditioner units this year that will help the company capture 15% market share in the segment.
RattanIndia Power: RattanIndia Power Ltd has recently announced appointment of Mr. Venugopal Keshanakurthi as the Chief Financial Officer of the company with immediate effect.
Tata Chemicals: The company said that its arm Bio Energy Venture - 1 (Mauritius) is in pact with Rademan Janse van Rensburg for sale of its entire stake in Grown Energy Zambeze Holdings Pvt. Ltd, Mauritius (‘GEZ Mauritius’) for a consideration of $5.5 million.
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