Check out the companies which will be in focus during trade today based on recent and latest news developments.
IRB Infrastructure Developers Ltd: The company said that it had received the Securities & Exchange Board of India’s (SEBI) approval to launch an infrastructure investment trust (InvIT).
IOC, BPCL, HPCL: The oil marketing companies have increased the price of petrol by Rs.3.07 per litre while they hiked the price of diesel by Rs.1.90.
Mphasis Ltd: According to media reports, Blackstone has emerged the strongest contender to acquire IT services firm Mphasis from Hewlett Packard Enterprise in a deal that could be worth over $1 billion, said three people aware of the matter.
Tata Motors: Tata Motors has signed a contract to supply 25 nos. of the Tata Starbus Diesel Series Hybrid Electric Bus with Full Low floor configuration, with the Mumbai Metropolitan Region Development Authority (MMRDA) – the single largest order awarded for Hybrid Electric vehicle technology.'
Eicher Motors: Motorcycle manufacturer Royal Enfield on Wednesday launched Himalayan, an all terrain 411-cc bike, priced at Rs. 1.55 lakh (ex-showroom Maharashtra).
Blue Star Ltd: Blue Star is planning to integrate its air conditioners with air purifiers in collaboration with companies based in China and the US, reports a financial newspaper.
Canara Bank: State-owned Canara Bank is considering raising capital through issue of BASEL III compliant tier II bonds. The bank will be holding a meeting on March 21 to deliberate upon the same plan.
Den Networks: The company is planning to sell 50% stake in Star Den for Rs.40.3 Crore, as per media report.
VST Tillers Tractors: The company has signed MoU with Karnataka Government.
Reliance Infrastructure: Reliance Infrastructure has announced that the Board of Directors at its meeting held on March 16,2016 has approved a scheme of arrangement between Reliance Infrastructure Limited and Reliance Electric Generation and Supply Private Limited ("REGSPL") and their respective shareholders and creditors subject to requisite approvals.
Cipla: Drug firm Cipla has made an additional investment of $3 million in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer’s disease.
Idea Cellular: The telecom company launched high-speed 4G services across 28 towns in its leadership market of Maharashtra & Goa, expanding its high-speed mobile broadband LTE coverage to 10 circles.
Aptech Limited: The company has informed the Exchange that the Company will be soon issuing notice to Mis. Sharepro Services (India) Pvt. Ltd, for termination of the Agreement entered with them. The Company has discovered certain irregularities at Sharepro with respect to the share related operations.
ONGC: ONGC Videsh Ltd and a consortium led by Indian Oil Corp signed agreements to buy stake in two Russian oilfields in Siberia for an estimated USD 4.2 billion (over Rs.28,253 crore).
IndiGo: Qatar Airways reportedly said it remains interested in buying stake in IndiGo.Qatar Airways Group CEO Akbar Al Baker stated that the airline "could not invest in IndiGo IPO due to government's role".
Tata Consultancy Services: Tata Consultancy Services,a leading IT services, consulting and business solutions organization announced the successful launch of Norway’s first peer-to-peer mobile payment solution with DNB, the largest financial services group in Norway.
TVS Motors: TVS Motors has entered into a partnership with Snapdeal to sell the motorcycles and scooters online.
Nucleus Software Exports: The Board of Directors of the Company at its meeting held on March 16, 2016, has declared an Interim Dividend of Rs. 5/- per share (@50%) of par value of Rs. 10/- each for financial year 2015-16.
Avanti Feeds Ltd: Thai Union Group PCL is looking to expand its association with Indian shrimp processor and exporter Avanti Feeds by acquiring a strategic stake in its newly spun-off frozen foods business for Rs.125 crore ($18 million).
Gammon India Ltd: The company has informed BSE that the Securities Allotment Committee of Directors at their meeting held on March 16, has allotted 63,62,258 equity shares of F.V. Rs. 2/- each at a price of Rs. 11.89 per share (including premium Rs. 9.89) aggregating to Rs. 7.56 crores to United Bank of India (being the CDR Lender) on conversion of part of its outstanding loan and interest into equity shares of the Company pursuant to "Notice of Conversion", for conversion of debt into equity shares under the Strategic Debt Restructuring Package of the Company issued by ICICI Bank in its capacity as a Monitoring Institution acting on behalf of the CDR Lenders. With this allotment, the CDR Lenders collectively hold 62.65% of the total equity capital of the Company.
IRB Infrastructure Developers Ltd: The company said that it had received the Securities & Exchange Board of India’s (SEBI) approval to launch an infrastructure investment trust (InvIT).IOC, BPCL, HPCL: The oil marketing companies have increased the price of petrol by Rs.3.07 per litre while they hiked the price of diesel by Rs.1.90.
Mphasis Ltd: According to media reports, Blackstone has emerged the strongest contender to acquire IT services firm Mphasis from Hewlett Packard Enterprise in a deal that could be worth over $1 billion, said three people aware of the matter.
Tata Motors: Tata Motors has signed a contract to supply 25 nos. of the Tata Starbus Diesel Series Hybrid Electric Bus with Full Low floor configuration, with the Mumbai Metropolitan Region Development Authority (MMRDA) – the single largest order awarded for Hybrid Electric vehicle technology.'
Eicher Motors: Motorcycle manufacturer Royal Enfield on Wednesday launched Himalayan, an all terrain 411-cc bike, priced at Rs. 1.55 lakh (ex-showroom Maharashtra).
Blue Star Ltd: Blue Star is planning to integrate its air conditioners with air purifiers in collaboration with companies based in China and the US, reports a financial newspaper.
Canara Bank: State-owned Canara Bank is considering raising capital through issue of BASEL III compliant tier II bonds. The bank will be holding a meeting on March 21 to deliberate upon the same plan.
Den Networks: The company is planning to sell 50% stake in Star Den for Rs.40.3 Crore, as per media report.
VST Tillers Tractors: The company has signed MoU with Karnataka Government.
Reliance Infrastructure: Reliance Infrastructure has announced that the Board of Directors at its meeting held on March 16,2016 has approved a scheme of arrangement between Reliance Infrastructure Limited and Reliance Electric Generation and Supply Private Limited ("REGSPL") and their respective shareholders and creditors subject to requisite approvals.
Cipla: Drug firm Cipla has made an additional investment of $3 million in US-based Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer’s disease.
Idea Cellular: The telecom company launched high-speed 4G services across 28 towns in its leadership market of Maharashtra & Goa, expanding its high-speed mobile broadband LTE coverage to 10 circles.
Aptech Limited: The company has informed the Exchange that the Company will be soon issuing notice to Mis. Sharepro Services (India) Pvt. Ltd, for termination of the Agreement entered with them. The Company has discovered certain irregularities at Sharepro with respect to the share related operations.
ONGC: ONGC Videsh Ltd and a consortium led by Indian Oil Corp signed agreements to buy stake in two Russian oilfields in Siberia for an estimated USD 4.2 billion (over Rs.28,253 crore).
IndiGo: Qatar Airways reportedly said it remains interested in buying stake in IndiGo.Qatar Airways Group CEO Akbar Al Baker stated that the airline "could not invest in IndiGo IPO due to government's role".
Tata Consultancy Services: Tata Consultancy Services,a leading IT services, consulting and business solutions organization announced the successful launch of Norway’s first peer-to-peer mobile payment solution with DNB, the largest financial services group in Norway.
TVS Motors: TVS Motors has entered into a partnership with Snapdeal to sell the motorcycles and scooters online.
Nucleus Software Exports: The Board of Directors of the Company at its meeting held on March 16, 2016, has declared an Interim Dividend of Rs. 5/- per share (@50%) of par value of Rs. 10/- each for financial year 2015-16.
Avanti Feeds Ltd: Thai Union Group PCL is looking to expand its association with Indian shrimp processor and exporter Avanti Feeds by acquiring a strategic stake in its newly spun-off frozen foods business for Rs.125 crore ($18 million).
Gammon India Ltd: The company has informed BSE that the Securities Allotment Committee of Directors at their meeting held on March 16, has allotted 63,62,258 equity shares of F.V. Rs. 2/- each at a price of Rs. 11.89 per share (including premium Rs. 9.89) aggregating to Rs. 7.56 crores to United Bank of India (being the CDR Lender) on conversion of part of its outstanding loan and interest into equity shares of the Company pursuant to "Notice of Conversion", for conversion of debt into equity shares under the Strategic Debt Restructuring Package of the Company issued by ICICI Bank in its capacity as a Monitoring Institution acting on behalf of the CDR Lenders. With this allotment, the CDR Lenders collectively hold 62.65% of the total equity capital of the Company.
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