Thursday, 25 February 2016

SBI, Tata Motors, Bharti Airtel, among 18 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.


SBI: State Bank of India's Rs. 11,700 crore worth loans have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay, acording to reports.

Tata Motors: Tata Motors reclaimed the number one position in the light commercial vehicle (LCV) segment during the December-January period, reports a business daily.

Tata Steel: Tata Steel is likely to be disqualified in the e-auction conducted by the Odisha government for allotment of iron ore mining lease under the new MMDR Act, as the company is found to be ineligible under one criteria relating to lease area held previously in the state, reports a business daily.

GMR group: An arbitration tribunal in Singapore has ruled in favour of the GMR group in the legal dispute with the Maldives government on an airport project, reports a business daily.

TVS Motor: TVS Motor is aiming 20% market share in India's two-wheeler market over the next three years, according to reports.

Bharti Airtel: Bharti Telecom Ltd is planning to raise its stake in Bharti Airtel to over 50 per cent through open market purchases, according to reports.

Ramco Systems: Ramco Systems, the global Aviation software provider on Cloud, Mobile & Tablets, partners with Aeroxchange, industry’s leading electronic business network supporting all MRO business processes for buyers and sellers within the aviation industry.

Castrol India: The company reported Q4 Profit after Tax was up by 29.7% to Rs.615.2 crores as against Rs.474.5 crores during the same period in the previous year.

Spicejet, Jet Airways, Indigo: Spicejet, Jet Airways and Indigo Airlines announced pre-summer sale.SpiceJet will kick start its ‘Pre-Summer Sale’ with red hot fares across its domestic network.Jet Airways announced special offers on Economy and Premiere fares for guests travelling on the airline’s international network. IndiGo also joined the race of discounting tickets.“Book till 25 February for travel between 1 March to 13 April 2016 and enjoy unbelievable low fares starting Rs.737,” IndiGo reportedly said.

Punj Lloyd Ltd: The company has bagged Rs. 308 crore order for construction of luxury villas in Dubai, the UAE.

Infosys: Infosys has extended the tenure of its chief Vishal Sikka by nearly two years, till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.

Ponni Sugars Erode: The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Qualified Foreign Investors (QFls)/Non Residential Indians (NRIs)/Person of Indian Origin (PIO) can now invest up to 49 per cent of the paid up capital of Ponni Sugars Erode Limited under the Portfolio Investment Scheme (PIS).

Adani Group: Indian mining giant Adani Group’s 16.5 billion dollar controversy-hit coal mine project in Australia has inched closer to getting its mining lease after it struck a compensation deal with a local government body.

ONGC: The company to invest some US$500mn in their San Cristobal joint venture, the South American company's president said.

Piramal Enterprises: The company is looking to raise up to Rs10bn through issuance of non-convertible debentures on private placement basis.

Eicher Motors: Eicher Motors’ Royal Enfield announced launch of its first retail operations in Thailand.

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