Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Steel: Greybull Capital has announced the buyout of Tata Steel’s Scunthorpe plant, and the acquisition is supported by 400 million investment package.
BPCL: BPCL is planning to acquire additional stake in Petronet CCK.The company announced that Board of Directors of the Company at its meeting held on April 11, 2016, have approved the proposal to seek Shareholders' consent by way of Postal Ballot for increasing the ceiling of Investment by Foreign Institutional Investors in the shareholding of the BPCL from 24% up to 49% in one or more tranches subject to regulatory authorities approval.
TTK Prestige: TTK Prestige will acquire a UK-based kitchenware company for an undisclosed sum.The company's UK-based wholly-owned subsidiary TTK British Holding has entered into an agreement for acquisition of the target company.
Tata Motors: Tata Motors Ltd has started work on a next generation SUV, a premium hatchback and a premium sedan, reports a national daily.
Bharti Airtel: Bharti Airtel’s subsidiary, Airtel M Commerce Services Limited (AMSL) has received payments bank license from RBI on April 11.
Cairn India: The government reportedly said it will not allow him to merge subsidiary Cairn India with Vedanta Ltd unless Rs. 10,247 crore tax issue is settled.
Vedanta: Despite the negotiation with the truckers delayed, Vedanta’s sales of iron ore from its Goa mines stood at 1.6 million tonnes (MT) in the fourth quarter of financial year 2015-16. The company also clocked a production of 1.9 MT during Q4 FY16.
Tata Chemicals Ltd: The company has signed an MOU with Sanjana Cryogenics Storage Ltd, its Ammonia Terminal Operator, for rerouting a portion of the ammonia pipeline that runs from the Haldia Dock to the Ammonia Storage tank.
Rajesh Exports: The company said that it got export order worth Rs.1,188 crore for designer jewelry medallions from UAE.This order will be executed at the Company's manufacturing facility in Bangalore.
Lupin: Lupin and Novartis Healthcare Pvt Ltd have entered into a co-marketing agreement to promote Novartis’s Indacaterol / Glycopyrronium 110mcg/50mcg inhaler, a treatment for chronic obstructive pulmonary disease (COPD) under the brand name of Loftair.
Hero MotoCorp: India's largest two-wheeler company Hero MotoCorp is planning to start production at its Chittoor plant in Andhra Pradesh.
Lyka Labs Ltd: The company has announced that Lyka Healthcare Limited, a wholly owned subsidiary of Lyka Labs Limited, has launched two domestic marketing divisions in the name of ENSPAN and CERABELLE.
Tata Motors: The Tata Motors Group global wholesales in March 2016, including Jaguar Land Rover, were at 118,750 nos., higher by 11%, over March 2015. Cumulative wholesales for this fiscal were at 10,66,254 nos., higher by 8% over the last fiscal.
Orchid Pharma Ltd: The company has announced that it has received the EIR from USFDA based on the successful inspection closure for the API manufacturing facility located at Alathur, Kancheepuram District, India.
Suzlon Energy Ltd: The company has announced that it has received maiden order of 105 MW from Greenko Group.
Suzuki Motor: Suzuki Motor is planning to start producing cars at a new plant in the western Indian state of Gujarat early next year, popular Baleno hatchback to be first model to roll off the line, according to reports.
L&T: L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T has bagged two orders from PDO Oman.
Aditya Birla Nuvo: Aditya Birla Nuvo announced the completion of the transaction whereby Sun Life Financial has increased its stake in the life insurance joint venture, Birla Sun Life Insurance from 26% to 49%.
BPCL: BPCL is planning to acquire additional stake in Petronet CCK.The company announced that Board of Directors of the Company at its meeting held on April 11, 2016, have approved the proposal to seek Shareholders' consent by way of Postal Ballot for increasing the ceiling of Investment by Foreign Institutional Investors in the shareholding of the BPCL from 24% up to 49% in one or more tranches subject to regulatory authorities approval.
TTK Prestige: TTK Prestige will acquire a UK-based kitchenware company for an undisclosed sum.The company's UK-based wholly-owned subsidiary TTK British Holding has entered into an agreement for acquisition of the target company.
Tata Motors: Tata Motors Ltd has started work on a next generation SUV, a premium hatchback and a premium sedan, reports a national daily.
Bharti Airtel: Bharti Airtel’s subsidiary, Airtel M Commerce Services Limited (AMSL) has received payments bank license from RBI on April 11.
Cairn India: The government reportedly said it will not allow him to merge subsidiary Cairn India with Vedanta Ltd unless Rs. 10,247 crore tax issue is settled.
Vedanta: Despite the negotiation with the truckers delayed, Vedanta’s sales of iron ore from its Goa mines stood at 1.6 million tonnes (MT) in the fourth quarter of financial year 2015-16. The company also clocked a production of 1.9 MT during Q4 FY16.
Tata Chemicals Ltd: The company has signed an MOU with Sanjana Cryogenics Storage Ltd, its Ammonia Terminal Operator, for rerouting a portion of the ammonia pipeline that runs from the Haldia Dock to the Ammonia Storage tank.
Rajesh Exports: The company said that it got export order worth Rs.1,188 crore for designer jewelry medallions from UAE.This order will be executed at the Company's manufacturing facility in Bangalore.
Lupin: Lupin and Novartis Healthcare Pvt Ltd have entered into a co-marketing agreement to promote Novartis’s Indacaterol / Glycopyrronium 110mcg/50mcg inhaler, a treatment for chronic obstructive pulmonary disease (COPD) under the brand name of Loftair.
Hero MotoCorp: India's largest two-wheeler company Hero MotoCorp is planning to start production at its Chittoor plant in Andhra Pradesh.
Lyka Labs Ltd: The company has announced that Lyka Healthcare Limited, a wholly owned subsidiary of Lyka Labs Limited, has launched two domestic marketing divisions in the name of ENSPAN and CERABELLE.
Tata Motors: The Tata Motors Group global wholesales in March 2016, including Jaguar Land Rover, were at 118,750 nos., higher by 11%, over March 2015. Cumulative wholesales for this fiscal were at 10,66,254 nos., higher by 8% over the last fiscal.
Orchid Pharma Ltd: The company has announced that it has received the EIR from USFDA based on the successful inspection closure for the API manufacturing facility located at Alathur, Kancheepuram District, India.
Suzlon Energy Ltd: The company has announced that it has received maiden order of 105 MW from Greenko Group.
Suzuki Motor: Suzuki Motor is planning to start producing cars at a new plant in the western Indian state of Gujarat early next year, popular Baleno hatchback to be first model to roll off the line, according to reports.
L&T: L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T has bagged two orders from PDO Oman.
Aditya Birla Nuvo: Aditya Birla Nuvo announced the completion of the transaction whereby Sun Life Financial has increased its stake in the life insurance joint venture, Birla Sun Life Insurance from 26% to 49%.
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