Check out the companies which will be in focus during trade today based on recent and latest news developments.
UltraTech Cement: Jaiprakash Associates (Jaypee) has sold its cement assets to the Aditya Birla Group firm Ultratech Cement for a consideration of Rs. 15,900 crore,
GSPC, ONGC: Gujarat State Petroleum Corp Ltd is in talks to sell a controlling interest in its Deendayal block asset in Krishna-Godavari Basin to Oil & Natural Gas Corp Ltd, reports a business daily.
Uttam Galva Steels: Uttam Galva Steels Ltd has hired SBI Caps, the investment banking arm of SBI, to look for an investor after its lenders insisted on fresh investment before a debt recast, reports a business daily.
ICICI Bank: ICICI Bank has put the plan to sell its subsidiary ICICI Home Finance Co Ltd on the backburner, reports a business daily. ICICI Bank announces the introduction of the following ICICI Bank MCLR benchmarks.
ITC: ITC is planning to turn the Classmate brand of notebooks interactive through an Augmented Reality technique, reports a business daily.
BoB: Bank Of Baroda has announced regarding Bank of Baroda Declaration of Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 01.04.2016 Regulation 30.
K E C International: The company has secured new orders of Rs.836 crore.
Gas stocks in focus: Mahanagar Gas Ltd (MGL) and Indraprastha Gas Ltd (IGL) are planning to reduce the cost of PNG and CNG to pass on the benefit of falling gas prices to consumers.
Larsen and Toubro Ltd: Larsen and Toubro Ltd (L&T) is expecting to secure at least INR 50,000 crore worth of orders in defence across the four areas of ships, submarines, communications, and guns & armoured vehicles, reports a business daily.
Tata Motors: Tata Motors Ltd has announced that the company has divested entire stake in Shebha properties Ltd to its subsidiary Tata Motors Finnace Ltd.
Canara Bank: Canara Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.45 per cent. As per RBI guidelines the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016.
PNB: PNB declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent. As per RBI guidelines the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016.
Syndicate Bank: State-owned Syndicate Bank in its meeting held on March 31, 2016, has considered and approved the issue of 9.51 crore equity shares of the face value of Rs. 10/- each for cash at Rs. 77.79 determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations aggregating upto Rs. 740.00 Crore on preferential basis to Government of India.
Dishman Pharmaceuticals: Dishman Pharma and Chemicals Ltd has acquired further 50% stake in Schutz Dishman Biotech Ltd., a Joint Venture Indian Company, from the existing JV Partner i.e. SCHUTZ & CO BETEILIGUNGSGESELLSCHAFT MBH, Germany for a consideration of EURO 300,000.
Ahluwalia Contracts (India): The company bagged orders worth of Rs 115 crore for extension of construction work for Amity University campus Kolkata, worth Rs 49.86 crore for construction of school building for Anandilal & Ganesh Podar Society Mumbai, worth Rs 35 crore for extension of construction work for Bennett University Greater Noida.
Mercator: Mercator International Pte. Ltd has received approval from the Singapore Exchange for divestment of the entire stake in Mercator Lines Singapore Ltd.
Lupin: Lupin has launched its Donepezil Hydrochloride Tablets, 23 mg having received approval from the USFDA earlier for market a generic equivalent of Eisai Inc’s Aricept Tablets, 23 mg.
Gujarat NRE Coke: Gujarat NRE Coke Ltd has informed BSE that pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Committee of the Company at its meeting held on March 31, 2016 has considered and allotted 3,31,85,000 equity shares of Rs. 10/- each at par to ICICI Bank Limited against liability towards corporate guarantee, in accordance with the resolution passed by the shareholders.
Larsen & Toubro Limited: L&T promoted L&T lnfocity Limited (LTIL), an SPV formed in 1997 in partnership with Andhra Pradesh Infrastructure Investment Corporation (APllC) to develop IT infrastructure in Andhra Pradesh. L&T owns 89% stake in the SPV and the balance is held by APllC. Larsen & Toubro Ltd has announed that it has bagged orders worth Rs. 2271 crores.
Suzlon: Suzlon announced its order win for development of 197.40MW wind power project from a leading private sector power utility.
Dr. Reddy's Laboratories: Dr. Reddy's Laboratories has entered into a licensing agreement with Eisai Co., Ltd, Japan by which Dr. Reddy's will be granted exclusive worldwide development and commercialization rights (excluding Japan and Asia) for Eisai's investigational anticancer agent E7777.
M&M: Mahindra & Mahindra, a part of the USD 16.9 billion Mahindra Group announced its foray into the global combine harvester business, by entering into a strategic partnership with Sampo Rosenlew, a combine harvester company based in Pori, Finland.
Ashok Leyland: Hinduja Group's flagship firm Ashok Leyland has won defence orders worth Rs. 800 crore.
SRF: The company has been commissioned and capitalized at an approximate cost of Rs. 25 crore and Rs. 9 crore respectively.
Aurobindo Pharma Limited: The pharma company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Vancomycin Hydrochloride for Injection USP, 5 g/vial and 10 g/vial (Pharmacy Bulk Package).
PNC Infratech: PNC Infratech has been declared the L1 (lowest) bidder for the project of four laning of Nagina-Kashipur section of NH-74 from km 73.000 to Km 175.00 in the states of Uttarakhand and Uttar Pradesh under NHDP IV.
UltraTech Cement: Jaiprakash Associates (Jaypee) has sold its cement assets to the Aditya Birla Group firm Ultratech Cement for a consideration of Rs. 15,900 crore,GSPC, ONGC: Gujarat State Petroleum Corp Ltd is in talks to sell a controlling interest in its Deendayal block asset in Krishna-Godavari Basin to Oil & Natural Gas Corp Ltd, reports a business daily.
Uttam Galva Steels: Uttam Galva Steels Ltd has hired SBI Caps, the investment banking arm of SBI, to look for an investor after its lenders insisted on fresh investment before a debt recast, reports a business daily.
ICICI Bank: ICICI Bank has put the plan to sell its subsidiary ICICI Home Finance Co Ltd on the backburner, reports a business daily. ICICI Bank announces the introduction of the following ICICI Bank MCLR benchmarks.
ITC: ITC is planning to turn the Classmate brand of notebooks interactive through an Augmented Reality technique, reports a business daily.
BoB: Bank Of Baroda has announced regarding Bank of Baroda Declaration of Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 01.04.2016 Regulation 30.
K E C International: The company has secured new orders of Rs.836 crore.
Gas stocks in focus: Mahanagar Gas Ltd (MGL) and Indraprastha Gas Ltd (IGL) are planning to reduce the cost of PNG and CNG to pass on the benefit of falling gas prices to consumers.
Larsen and Toubro Ltd: Larsen and Toubro Ltd (L&T) is expecting to secure at least INR 50,000 crore worth of orders in defence across the four areas of ships, submarines, communications, and guns & armoured vehicles, reports a business daily.
Tata Motors: Tata Motors Ltd has announced that the company has divested entire stake in Shebha properties Ltd to its subsidiary Tata Motors Finnace Ltd.
Canara Bank: Canara Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.45 per cent. As per RBI guidelines the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016.
PNB: PNB declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent. As per RBI guidelines the bank has approved MCLR for all Rupee loans sanctioned with effect from April 1st 2016.
Syndicate Bank: State-owned Syndicate Bank in its meeting held on March 31, 2016, has considered and approved the issue of 9.51 crore equity shares of the face value of Rs. 10/- each for cash at Rs. 77.79 determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations aggregating upto Rs. 740.00 Crore on preferential basis to Government of India.
Dishman Pharmaceuticals: Dishman Pharma and Chemicals Ltd has acquired further 50% stake in Schutz Dishman Biotech Ltd., a Joint Venture Indian Company, from the existing JV Partner i.e. SCHUTZ & CO BETEILIGUNGSGESELLSCHAFT MBH, Germany for a consideration of EURO 300,000.
Ahluwalia Contracts (India): The company bagged orders worth of Rs 115 crore for extension of construction work for Amity University campus Kolkata, worth Rs 49.86 crore for construction of school building for Anandilal & Ganesh Podar Society Mumbai, worth Rs 35 crore for extension of construction work for Bennett University Greater Noida.
Mercator: Mercator International Pte. Ltd has received approval from the Singapore Exchange for divestment of the entire stake in Mercator Lines Singapore Ltd.
Lupin: Lupin has launched its Donepezil Hydrochloride Tablets, 23 mg having received approval from the USFDA earlier for market a generic equivalent of Eisai Inc’s Aricept Tablets, 23 mg.
Gujarat NRE Coke: Gujarat NRE Coke Ltd has informed BSE that pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Committee of the Company at its meeting held on March 31, 2016 has considered and allotted 3,31,85,000 equity shares of Rs. 10/- each at par to ICICI Bank Limited against liability towards corporate guarantee, in accordance with the resolution passed by the shareholders.
Larsen & Toubro Limited: L&T promoted L&T lnfocity Limited (LTIL), an SPV formed in 1997 in partnership with Andhra Pradesh Infrastructure Investment Corporation (APllC) to develop IT infrastructure in Andhra Pradesh. L&T owns 89% stake in the SPV and the balance is held by APllC. Larsen & Toubro Ltd has announed that it has bagged orders worth Rs. 2271 crores.
Suzlon: Suzlon announced its order win for development of 197.40MW wind power project from a leading private sector power utility.
Dr. Reddy's Laboratories: Dr. Reddy's Laboratories has entered into a licensing agreement with Eisai Co., Ltd, Japan by which Dr. Reddy's will be granted exclusive worldwide development and commercialization rights (excluding Japan and Asia) for Eisai's investigational anticancer agent E7777.
M&M: Mahindra & Mahindra, a part of the USD 16.9 billion Mahindra Group announced its foray into the global combine harvester business, by entering into a strategic partnership with Sampo Rosenlew, a combine harvester company based in Pori, Finland.
Ashok Leyland: Hinduja Group's flagship firm Ashok Leyland has won defence orders worth Rs. 800 crore.
SRF: The company has been commissioned and capitalized at an approximate cost of Rs. 25 crore and Rs. 9 crore respectively.
Aurobindo Pharma Limited: The pharma company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Vancomycin Hydrochloride for Injection USP, 5 g/vial and 10 g/vial (Pharmacy Bulk Package).
PNC Infratech: PNC Infratech has been declared the L1 (lowest) bidder for the project of four laning of Nagina-Kashipur section of NH-74 from km 73.000 to Km 175.00 in the states of Uttarakhand and Uttar Pradesh under NHDP IV.
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