Check out the companies which will be in focus during trade today based on recent and latest news developments.
NTPC: Eastern India faced a power shortage of around 1,500 MW on Monday after one of the largest power plants in the region, NTPC’s Farakka plant, had to be shut down due to lack of water, reports a business daily.
Wipro: Wipro Ltd’s chief executive officer (CEO) Abidali Neemuchwala has set an ambitious revenue growth target of 12-14% for the fiscal year 2016-2017, reports a business daily.
Tata Motors Ltd: The Gujarat government has accelerated the process to look into the demands of workers agitating at the Tata Motors Ltd Sanand factory in a bid to resolve the ongoing labour unrest, reports a financial newspaper.
Pfizer: The Delhi High Court on Monday stayed a Government notification that had banned the manufacture and sale of Pfizer’s popular cough syrup Corex, and also directed the Centre not to take coercive steps against its retailers and distributors, reports a financial newspaper.
Persistent Systems: Persistent Systems, a leading IT company, has acquired assets of PRM Cloud, Australia based company engaged in SalesForce implementation services.
ONGC: A plan by state-run oil companies led by Oil & Natural Gas Corp Ltd (ONGC) to acquire a substantial stake in Vankor oil field in Siberia, will come up for discussion when Petroleum Minister Dharmendra Pradhan meets Rosneft Chairman Igor Sechin in New Delhi on Tuesday, reports a business daily.
Suven Life Sciences: Suven Life Sciences has been granted a patent each by China, Eurasia and Hong Kong for a drug used in the treatment of neuro-degenerative diseases.
Gujarat Narmada Valley Fertilizers & Chemicals: Gujarat Narmada Valley Fertilizers & Chemicals has entered into a joint venture agreement with EcoPhos SA, Belgium for setting up 2 lakh MTPA Di-calcium phosphate project at Dahej at an estimated cost of Rs 526 crore, as per reports.
Glenmark Pharma: The pharma company has received final nod from the USFDA to manufacture and market therapeutical equivalent of Endo Pharmaceutical’s Frova tablets, used to treat migraine headaches, in the American market.
ICICI Bank: ICICI Bank is looking to raise $750 million through a dollar bond issue under its medium-term note programme, according to two bankers in the know of the development.
Richa Industries: Richa Industries secured an order from Bharat Electronics Limited (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai.
Mahindra Lifespace: Mahindra Lifespace informed BSE that in the matter of the pending Arbitration proceedings between the Company and Rishi Gagan Trust & Others (the Vendors) relating to acquisition of a property in South Mumbai, the Company has March 9, 2016 received an award copy passed by the Hon'ble Arbitral Tribunal in terms of the Consent Terms filed by the Company and the Vendors, thereby enabling the Company to proceed with the acquisition of the property and to subsequently take up the re-development of the Property on completion of all obligations by the Vendors.
Bharat Heavy Electricals Limited: The company has achieved another milestone in its After-Sales-Service business by successfully synchronising the 110 MW Unit-7 at Barauni Thermal Power Station (TPS) in Bihar following Renovation and Modernisation (R&M).
Sasken Communication Technologies: Sasken Communication Technologies has reached a settlement in an ongoing matter pertaining to the unauthorized use of Sasken’s Protocol Stack IP, by a Chinese Semiconductor vendor.
Vivimed Labs Ltd: The company has announced that April 08, 2016 has been fixed as the record date for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division of One (1) Equity Share of face value of Rs.10/- each fully paid up into Five (5) equity shares of Rs. 2/- each fully paid-up
NTPC: Eastern India faced a power shortage of around 1,500 MW on Monday after one of the largest power plants in the region, NTPC’s Farakka plant, had to be shut down due to lack of water, reports a business daily.Wipro: Wipro Ltd’s chief executive officer (CEO) Abidali Neemuchwala has set an ambitious revenue growth target of 12-14% for the fiscal year 2016-2017, reports a business daily.
Tata Motors Ltd: The Gujarat government has accelerated the process to look into the demands of workers agitating at the Tata Motors Ltd Sanand factory in a bid to resolve the ongoing labour unrest, reports a financial newspaper.
Pfizer: The Delhi High Court on Monday stayed a Government notification that had banned the manufacture and sale of Pfizer’s popular cough syrup Corex, and also directed the Centre not to take coercive steps against its retailers and distributors, reports a financial newspaper.
Persistent Systems: Persistent Systems, a leading IT company, has acquired assets of PRM Cloud, Australia based company engaged in SalesForce implementation services.
ONGC: A plan by state-run oil companies led by Oil & Natural Gas Corp Ltd (ONGC) to acquire a substantial stake in Vankor oil field in Siberia, will come up for discussion when Petroleum Minister Dharmendra Pradhan meets Rosneft Chairman Igor Sechin in New Delhi on Tuesday, reports a business daily.
Suven Life Sciences: Suven Life Sciences has been granted a patent each by China, Eurasia and Hong Kong for a drug used in the treatment of neuro-degenerative diseases.
Gujarat Narmada Valley Fertilizers & Chemicals: Gujarat Narmada Valley Fertilizers & Chemicals has entered into a joint venture agreement with EcoPhos SA, Belgium for setting up 2 lakh MTPA Di-calcium phosphate project at Dahej at an estimated cost of Rs 526 crore, as per reports.
Glenmark Pharma: The pharma company has received final nod from the USFDA to manufacture and market therapeutical equivalent of Endo Pharmaceutical’s Frova tablets, used to treat migraine headaches, in the American market.
ICICI Bank: ICICI Bank is looking to raise $750 million through a dollar bond issue under its medium-term note programme, according to two bankers in the know of the development.
Richa Industries: Richa Industries secured an order from Bharat Electronics Limited (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai.
Mahindra Lifespace: Mahindra Lifespace informed BSE that in the matter of the pending Arbitration proceedings between the Company and Rishi Gagan Trust & Others (the Vendors) relating to acquisition of a property in South Mumbai, the Company has March 9, 2016 received an award copy passed by the Hon'ble Arbitral Tribunal in terms of the Consent Terms filed by the Company and the Vendors, thereby enabling the Company to proceed with the acquisition of the property and to subsequently take up the re-development of the Property on completion of all obligations by the Vendors.
Bharat Heavy Electricals Limited: The company has achieved another milestone in its After-Sales-Service business by successfully synchronising the 110 MW Unit-7 at Barauni Thermal Power Station (TPS) in Bihar following Renovation and Modernisation (R&M).
Sasken Communication Technologies: Sasken Communication Technologies has reached a settlement in an ongoing matter pertaining to the unauthorized use of Sasken’s Protocol Stack IP, by a Chinese Semiconductor vendor.
Vivimed Labs Ltd: The company has announced that April 08, 2016 has been fixed as the record date for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division of One (1) Equity Share of face value of Rs.10/- each fully paid up into Five (5) equity shares of Rs. 2/- each fully paid-up
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