Check out the companies which will be in focus during trade today based on recent and latest news developments.
Coal India: Coal India has been forced to temporarily stop production at several mines and suspend shifts in others, as there are no takers for their stock due to surplus position at al thermal power plants, reports a business daily.
Jindal Steel & Power Limited: Jindal Steel & Power Limited (JSPL) is in talks with Adani Group to sell its power generating subsidiary - Jindal Power (JPL), four people familiar with the development said.
Reliance Industries Ltd: RIL is expected to miss its deadline for re-opening all 1,400 retail fuel outlets by March-end, reports a business daily. Till December, the company had 750 operational retail outlets, up from 320 outlets in April last year.
Bosch India: The company seeks shareholders' approval for Starter Motors sale for Rs. 486 cr to Robert Bosch unit.
Pipavav Defence and Offshore Engineering Company Ltd: Pipavav Defence and Offshore Engineering Company Ltd has been rechristened as Reliance Defence and Engineering Ltd (RDEL) from today.
Minda Industries Ltd: The company has acquired the global lighting business of Spain-based Rinder Group for Euro 20 million.
Quick Heal Technologies Ltd: Quick Heal has informed the BSE regarding intimation of capitalizing in wholly owned subsidiary i.e. Quick Heal Technologies America Inc.
HDFC Ltd: HDFC Ltd will raise Rs. 1,000 crore by issuing non-convertible debentures, to cater to its housing finance business needs.
Asian Paints Ltd: The company said that operations at its plant situated at Rohtak, Haryana that was shut down due to agitation at lMT, Rohtak with effect from February 19, 2016 is now restarted.
Pioneer Distilleries: Pioneer Distilleries Ltd has informed BSE that it will close down its plant in Nanded, Maharashtra due to water scarcity. Manufacturing activities at its Balapur, Nanded unit producing Molasses Based Extra Neutral Alcohol (MENA) has been stopped from February 1, 2016 on account of shortage in water availability due to less rains during monsoon season in the region, the company informed BSE.
Yes Bank: Yes Bank said that it has purchased 5% stake in proxy advisory firm, Institutional Investor Advisory Service (IiAS).
Essar Steel: Essar Steel has emerged as the winner at iron ore mine auction with a bid that was at a premium of 44.35% over the royalty.
Eveready Industries India, McLeod Russel India: Eveready Industries plans to hive off its packet tea business. As per reports, Eveready Industries India will also collaborate with promoter group's plantation company, McLeod Russel India to scale its hived off packet tea business.
Vijaya Bank: Vijaya Bank has approved the proposal for Preferential Issue of Equity Shares to Life Insurance Corporation of India aggregating upto Rs.226 crore (inclusive of premium amount) subject to Government of India's approval and to convene an Extra Ordinary General Meeting of the Shareholders to pass the necessary Special Resolution in this regard.
Infosys: Despite rapid progress by Infosys Ltd in bringing innovations powered by automation, artificial intelligence (AI), products and platforms, there is no way it would become a product company, CEO & MD Vishal Sikka said.
RCOM: A group of private equity firms, including TPG Capital, which is bidding for Anil Ambani-led Reliance Group’s wireless tower business has scaled down the value of the assets by more than 25%, reports a business daily.
UFO Moviez India: UFO Moviez India formally launched its small screen brand Nova Cinemas under its subsidiary Valuable Digital Screens Pvt Ltd in Ahmedabad.
Maruti Suzuki India: Following the Budget proposal to levy infrastructure cess on automobiles, the country's largest passenger car maker Maruti Suzuki India on Thursday said the ex-showroom prices of its models would go up in the range of ₹1,441 to ₹34,494 across its models.
Piramal Realty: Piramal Realty plans to invest INR 16,000 crore in the development of real estate projects and acquisition of land over the next four years, reports a financial newspaper.
Sterlite Technologies Limited: Sterlite Technologies announced the appointment of Swati Rangachari as Chief of Corporate Affairs.
TVS Motors: TVS Motors launches TVS XL 100 in Tamil Nadu. XL is powered by 99.7cc four stroke engine which can achieve a top speed of 60kmph.
Brigade Enterprises: The company has entered in to a Shareholders' Agreement and Securities Subscription agreement on March 03, 2016 with Reco Caspia Private Limited, an investment vehicle of GIC, Singapore and Perungudi Real Estates Private Limited, a special purpose vehicle.
Dhabriya Polywood: The company to consider issue of equity shares.
Man Infraconstruction: The company to consider 2nd interim dividend.
Zydus Wellness: The company to consider declaration of interim dividend.
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