Wednesday, 16 March 2016

Top 15 stocks in focus today: Cairn India, Wipro, Aurobindo Pharma

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

Stock Market
Cairn India: The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs. 18,800 crore in back dated interest, according to reports.

PfizerAbbott IndiaGlenmark Pharma: After Pfizer, on Monday, was granted temporary relief in Corex issue, Abbott India, Glenmark Pharma and Macleods Pharmaceuticals too have joined the league with the Delhi High Court today granted interim injunction to the companies with regards to the prohibition on sale of their several combination drugs.

Wipro Limited: Wipro has entered into a strategic partnership with Schneider Electric, a global specialist in energy management and automated systems, to develop convergent solutions for India's Smart Cities.

Aurobindo Pharma: The pharma company has received final approval from USFDA to manufacture and market Ibandronate Sodium Tablets, 150 mg.

Blue Star Limited
: The company has announced the launch of a stylish range of airconditioners comprising a wide array of highly energy-efficient as well as eco-friendly split airconditioners for the residential and commercial segments.

L&T: L&T said its construction arm has bagged orders worth Rs.1,672 crore across various business verticals.

Alphageo India,Oil India: Alphageo India has announced that it has bagged order worth Rs.102 crore from Oil India.

Reliance Capital: Reliance Capital Asset Management Ltd. is in early talks to acquire the INR 7,501-crore portfolio of JP Morgan Asset Management India Pvt Ltd, reports a financial newspaper.

Persistent Systems
: Persistent Systems acquired Australia-based PRM Cloud Solutions, a certified Salesforce consulting partner. The company did not disclose the valuation of the deal.

ICICI Bank
: ICICI Bank unveiled a mobile payment solution to enable its credit and debit card customers make payments by just waving their smartphones at a near field communication (NFC)-enabled merchant terminal.

Tata Motors: Acceding to a few demands of the striking workers of the Nano Plant at Sanand, Tata Motors is permitting them to form a union, but with a condition that only Tata's employees will be a part of them.

Global Vectra Helicorp: The company has inked a Memorandum of Understanding (MoU) with Era Group Inc. (Era) to jointly develop Helicopter Emergency Medical Services (HEMS) for the Indian market.

Zee Entertainment Enterprises: Zee Entertainment will fully acquire aviation firm Fly By Wire for a total consideration of Rs. 613 million in an all-cash deal.  

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