Check out the companies which will be in focus during trade today based on recent and latest news developments.
Jindal Steel & Power Ltd: Jindal Steel & Power Ltd (JSPL) will try to sell stakes in few steel units, set up JVs with companies in Asia and Europe, and seek a buyer for its power assets in India in a bid to pare debt, CEO Ravi Uppal has been quoted as saying. Domestic credit ratings agency CRISIL has downgraded Naveen Jindal-led Jindal Steel & Power Ltd. (JSPL) to “default” grade just three weeks after it had slashed the company's credit rating.
Blue Star: Blue Star is in talks with renowned professional institutes such as IIT-Mumbai and IISc-Bengaluru for a tie-up to develop new innovative products, reports a business daily.
Crompton Greaves: The company has announced that its consortium has bagged contract for EnBW Hohe See Offshore Wind Farm.
United Spirits Ltd: United Spirits has hastened the process of selling 13 residential properties and mandated a leading banker to re-evaluate these assets, a person with direct knowledge of the development said.
Bharti Airtel: BSNL is in preliminary discussions with Bharti Airtel for spectrum sharing in four circles and the deal is likely to be finalised by June, reports a business daily.
Sun Pharma Ltd: Around 3.8 lakh cartons of an osteoporosis drug manufactured by Sun Pharmaceutical Industries are being recalled in the US and Puerto Rico due to the presence of 'unknown impurity', as per media reports.
Godrej Properties: The company expects a sales revenue of about Rs 700 crore from the second phase of its luxury housing project at Vikhroli in Mumbai launched today.
Omaxe: Omaxe's promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest $1 million as seed funding, as per media reports.
Hero MotoCorp Ltd: Hero MotoCorp is planning to enter new markets globally, including Mexico and Nigeria, as it eyes 1 crore unit sales by 2017-18.
Nestle India: The company is reportedly planning to re-introduce earlier variants of Maggi noodles besides launching new variants in the next few months, reports a business daily.
Reliance Industries Ltd: RIL said that it will pay a total of Rs.3,140 crore in interim dividend to shareholders, including the promoters.
NBCC Ltd: The board of directors of National Buildings Construction Corporation will meet on March 11 to consider a proposal for a stock split.
Britannia: Britannia may enter the 'ready-to-cook' chapati and parotha segment soon after the Bengaluru-based start-up iD Fresh Food introduced the staple Indian breads in the market, reports a financial newspaper.
IndiGo: IndiGo received the first of its 430 ordered Airbus A320 neo (Neo Engine Option) plans, kickstarting the next phase of expansion for India's biggest carrier by market share.
Realty stocks in focus: A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha which could boost demand for real estate and hence positive for real estate developers.
Power Grid Ltd: Power Grid Corporation of India said its board has approved a total investment of Rs.885 crore in projects to strengthen transmission and augment transformation capacity.
PSU Bank: CRISIL has downgraded its ratings on the debt instruments of eight public sector banks, and revised its outlook on five others to 'Negative' from 'Stable'.
ONGC, Essar Oil: The Cabinet decided to revert to the Oil and Natural Gas Corporation the Ratna and R-series oil and gas fields, off the Mumbai coast, which were previously awarded to Essar Oil but the contract could not be signed.
Tata Consultancy Services: TCS announced it has been recognized as a ‘Leader’ in the IDC MarketScape report, “Worldwide Manufacturing PLM Strategic Consulting 2015 Vendor Assessment.”
Wipro Limited:The IT company announced a strategic collaboration with Tableau, a global leader in rapid-fire, easy-to-use business analytics software, to offer solution accelerators and innovative delivery models for Wipro’s and Tableau’s customers across the globe.
State Bank of India: As many as eight investors, including global private equity (PE) firms KKR, Bain Capital and General Atlantic, have been shortlisted for the purchase of GE Capital’s stake in a credit card joint venture with State Bank of India (SBI), reports a business daily.
Jindal Steel & Power Ltd: Jindal Steel & Power Ltd (JSPL) will try to sell stakes in few steel units, set up JVs with companies in Asia and Europe, and seek a buyer for its power assets in India in a bid to pare debt, CEO Ravi Uppal has been quoted as saying. Domestic credit ratings agency CRISIL has downgraded Naveen Jindal-led Jindal Steel & Power Ltd. (JSPL) to “default” grade just three weeks after it had slashed the company's credit rating.Blue Star: Blue Star is in talks with renowned professional institutes such as IIT-Mumbai and IISc-Bengaluru for a tie-up to develop new innovative products, reports a business daily.
Crompton Greaves: The company has announced that its consortium has bagged contract for EnBW Hohe See Offshore Wind Farm.
United Spirits Ltd: United Spirits has hastened the process of selling 13 residential properties and mandated a leading banker to re-evaluate these assets, a person with direct knowledge of the development said.
Bharti Airtel: BSNL is in preliminary discussions with Bharti Airtel for spectrum sharing in four circles and the deal is likely to be finalised by June, reports a business daily.
Sun Pharma Ltd: Around 3.8 lakh cartons of an osteoporosis drug manufactured by Sun Pharmaceutical Industries are being recalled in the US and Puerto Rico due to the presence of 'unknown impurity', as per media reports.
Godrej Properties: The company expects a sales revenue of about Rs 700 crore from the second phase of its luxury housing project at Vikhroli in Mumbai launched today.
Omaxe: Omaxe's promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest $1 million as seed funding, as per media reports.
Hero MotoCorp Ltd: Hero MotoCorp is planning to enter new markets globally, including Mexico and Nigeria, as it eyes 1 crore unit sales by 2017-18.
Nestle India: The company is reportedly planning to re-introduce earlier variants of Maggi noodles besides launching new variants in the next few months, reports a business daily.
Reliance Industries Ltd: RIL said that it will pay a total of Rs.3,140 crore in interim dividend to shareholders, including the promoters.
NBCC Ltd: The board of directors of National Buildings Construction Corporation will meet on March 11 to consider a proposal for a stock split.
Britannia: Britannia may enter the 'ready-to-cook' chapati and parotha segment soon after the Bengaluru-based start-up iD Fresh Food introduced the staple Indian breads in the market, reports a financial newspaper.
IndiGo: IndiGo received the first of its 430 ordered Airbus A320 neo (Neo Engine Option) plans, kickstarting the next phase of expansion for India's biggest carrier by market share.
Realty stocks in focus: A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha which could boost demand for real estate and hence positive for real estate developers.
Power Grid Ltd: Power Grid Corporation of India said its board has approved a total investment of Rs.885 crore in projects to strengthen transmission and augment transformation capacity.
PSU Bank: CRISIL has downgraded its ratings on the debt instruments of eight public sector banks, and revised its outlook on five others to 'Negative' from 'Stable'.
ONGC, Essar Oil: The Cabinet decided to revert to the Oil and Natural Gas Corporation the Ratna and R-series oil and gas fields, off the Mumbai coast, which were previously awarded to Essar Oil but the contract could not be signed.
Tata Consultancy Services: TCS announced it has been recognized as a ‘Leader’ in the IDC MarketScape report, “Worldwide Manufacturing PLM Strategic Consulting 2015 Vendor Assessment.”
Wipro Limited:The IT company announced a strategic collaboration with Tableau, a global leader in rapid-fire, easy-to-use business analytics software, to offer solution accelerators and innovative delivery models for Wipro’s and Tableau’s customers across the globe.
State Bank of India: As many as eight investors, including global private equity (PE) firms KKR, Bain Capital and General Atlantic, have been shortlisted for the purchase of GE Capital’s stake in a credit card joint venture with State Bank of India (SBI), reports a business daily.
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