Check out the companies which will be in focus during trade today based on recent and latest news developments.
Sun Pharma: Sun Pharmaceutical Industries said its unit received approval from USFDA for its New Drug Application (NDA) related to BromSite 0.075% for the treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery.
Bharti Airtel: Bharti Airtel has acquired 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, Assam. The top telco has also acquired the right to use Andhra Pradesh and Odisha spectrum.
Kotak Mahindra Bank: Kotak Mahindra Bank announced that the Bank's subsidiary, Kotak Mahindra (International) (KMIL) a Foreign Portfolio Investor (FPI) on its client account, has acquired 1,289,556 equity shares at Rs. 92.69 each, aggregating to Rs. 11.9 crore being 7.61% of the paid-up capital of Banswara Syntex.
Cairn India: Cairn India has full indemnity from its former promoter Cairn Energy Plc against levy of any tax for past deeds, including the two-year-old INR 20,495 crore retrospective tax demand, Anil Agarwal has been quoted as saying.
RIL: Reliance Industries is ready to strike a compromise with the Government over its dispute on natural gas prices, reports a business daily. RIL and its partner BP Plc. have initiated discussions with the government to drop the arbitration, an Oil Ministry Official has been quoted as saying by the daily.
DLF Ltd: DLF Ltd has sought expressions of interest (EoI) from several top global investors to sell a 40% stake in its rental assets arm as it seeks to pare debt, reports a business daily.
Ashok Leyland: Ashok Leyland Ltd is planning major expansion of its defence business in the wake of winning a big order from the Defence Ministry, reports a business daily.
ARSS Infrastructure Projects: ARSS Infrastructure Projects announced that a work order amounting to Rs. 156.85 crore namely 'Budhapank-Salegaon Via- Rajathagarh - 3rd & 4th line: Execution of earthwork, minor bridges & other allied works (Km: 483.047 to Km. 398.166 i.e 2*85 =170 km approx has been awarded in favour one of the Company's Joint Venture (JV) i.e. “ARSS-SIPS (JV)” by East Coast Railway, Bhubaneswar on 08 April 2016.
Tata Power: Tata Power said its Singapore-based arm TPIPL has signed an agreement with KS Orka Renewables Pte for sale of its 50 per cent stake in OTP Geothermal Pte (OTP) for USD 30 million.
Electrosteel Steels Ltd: The SBI-led lenders’ forum for Electrosteel Steels Ltd (ESL) is likely to appoint a consultancy firm for “interim management” of the company, reports a business daily. A decision in this regard is expected on 11th April, it adds.
Tata Motors: Tata Motors made commercial launch of its new hatchback Tiago in Bihar. The new fuel efficient vehicle would be available at a starting price of Rs 3.32 lakh (exshowroom) for Revotron 1.2 litre (petrol) and Rs 4.08 lakh (ex-showroom) in Patna for Revotorq 1.05L (diesel) variant, Prashant Sibal Head-B2B Sales, Passenger Vehicle Business Unit said here.
Bharti Airtel: Bharti Airtel has acquired 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, Assam. The top telco has also acquired the right to use Andhra Pradesh and Odisha spectrum.
Kotak Mahindra Bank: Kotak Mahindra Bank announced that the Bank's subsidiary, Kotak Mahindra (International) (KMIL) a Foreign Portfolio Investor (FPI) on its client account, has acquired 1,289,556 equity shares at Rs. 92.69 each, aggregating to Rs. 11.9 crore being 7.61% of the paid-up capital of Banswara Syntex.
Cairn India: Cairn India has full indemnity from its former promoter Cairn Energy Plc against levy of any tax for past deeds, including the two-year-old INR 20,495 crore retrospective tax demand, Anil Agarwal has been quoted as saying.
RIL: Reliance Industries is ready to strike a compromise with the Government over its dispute on natural gas prices, reports a business daily. RIL and its partner BP Plc. have initiated discussions with the government to drop the arbitration, an Oil Ministry Official has been quoted as saying by the daily.
DLF Ltd: DLF Ltd has sought expressions of interest (EoI) from several top global investors to sell a 40% stake in its rental assets arm as it seeks to pare debt, reports a business daily.
Ashok Leyland: Ashok Leyland Ltd is planning major expansion of its defence business in the wake of winning a big order from the Defence Ministry, reports a business daily.
ARSS Infrastructure Projects: ARSS Infrastructure Projects announced that a work order amounting to Rs. 156.85 crore namely 'Budhapank-Salegaon Via- Rajathagarh - 3rd & 4th line: Execution of earthwork, minor bridges & other allied works (Km: 483.047 to Km. 398.166 i.e 2*85 =170 km approx has been awarded in favour one of the Company's Joint Venture (JV) i.e. “ARSS-SIPS (JV)” by East Coast Railway, Bhubaneswar on 08 April 2016.
Tata Power: Tata Power said its Singapore-based arm TPIPL has signed an agreement with KS Orka Renewables Pte for sale of its 50 per cent stake in OTP Geothermal Pte (OTP) for USD 30 million.
Electrosteel Steels Ltd: The SBI-led lenders’ forum for Electrosteel Steels Ltd (ESL) is likely to appoint a consultancy firm for “interim management” of the company, reports a business daily. A decision in this regard is expected on 11th April, it adds.
Tata Motors: Tata Motors made commercial launch of its new hatchback Tiago in Bihar. The new fuel efficient vehicle would be available at a starting price of Rs 3.32 lakh (exshowroom) for Revotron 1.2 litre (petrol) and Rs 4.08 lakh (ex-showroom) in Patna for Revotorq 1.05L (diesel) variant, Prashant Sibal Head-B2B Sales, Passenger Vehicle Business Unit said here.
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