Check out the companies which will be in focus during trade today based on recent and latest news developments.
JSW Steel: JSW Steel achieves highest ever monthly crude steel production of 1.27 mn tonnes (MT) in March 2016. The company's Vijayanagar Plant achieved production and dispatch in excess of 1 MT in March.
Mahindra and Mahindra: The popular SUV manufacturer, Mahindra and Mahindra, is all set to launch its latest vehicle Mahindra – NuvoSport SUV in Mumbai.
HCL Technologies: HCL Technologies will acquire Geometric for Rs. 1,283 crore in a share-swap deal.
Godrej Consumer Products: The company announced that it has entered into an agreement to acquire Strength of Nature LLC (SON), a leading company of hair care products for women of African descent.
ICICI Bank, HDFC Bank: ICICI Bank and HDFC Bank have offered to provide loans to yoga guru Baba Ramdev's rapidly expanding Patanjali Ayurved, reports a business daily. Patanjali Ayurved is looking to raise ~Rs. 1,000 crore in FY17, it adds.
Tata Motors: Tata Motors saw strong growth in certain key segments, with IM&HCV growing by 24%, while LCV’s and Exports both growing by 15% year-on-year.
Tata Steel Ltd: Fitch Ratings on Friday downgraded Tata Steel and its long-term foreign currency issuer default rating to 'BB' from 'BB+/stable'. The downgrade was on Tata Steel and Tata Steel UK, the rating agency said in a late evening note.
ICICI Bank Ltd: The private sector bank on Friday said it has sold a 9 per cent stake in its general insurance venture ICICI Lombard and a 2 per cent stake in life insurance subsidiary ICICI Prudential for about Rs 2,200 crore.
ITC: The company said it has shut down its cigarette factories until "clarity emerges" on the rules on health warning". A parliamentary committee, in its report tabled in the Lok Sabha on March 15, recommended that the new health warnings
SAIL: Fitch Ratings has downgraded SAIL Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BBB-'.
Infosys Ltd: Infosys co-founder NS Raghavan along with wife Jamuna Raghavan today acquired shares worth Rs. 94.56 crore of the company through an open market transaction.
Bharat Electronics: BEL has ended the year 2015-16 by registering sales turnover (provisional) of Rs. 7,510 crore, a growth of 12% over the previous year's turnover of Rs. 6,695 crore, said a report.
WABCO India Ltd: The company has informed BSE that based on the decision of the Board on March 31, 2016, the Company has entered into an agreement which is on arms-length basis with M/s WABCO Europe BVBA, a related party for payment of royalty at the rate of 4% on the net sales for using the licensed intangibles and technical knowhow.
SMS Pharmaceuticals: SMS Pharmaceuticals Limited has announced that the Company had made SMS Lifesciences India Private Limited its wholly owned subsidiary by acquiring it's 100% Equity Shares (i.e. Rs. 1,00,000/- paid up share capital) as on April 01, 2016.
Adani Ports & Special Economic Zone Ltd: Adani Ports & Special Economic Zone Ltd has won approval from the Tamil Nadu government to acquire Kattupalli port located at Ennore near Chennai from L&T Shipbuilding Ltd, reports a business daily.
Jet Airways: Jet Airways is planning to hire over 50 expat pilots to fly its widebody B-777 planes, says report.
Tata Steel: UK-based Indian steel tycoon Sanjeev Gupta is planning to acquire Tata Steel's plants at Port Talbot, says report.
Coal India: State-run Coal India, the largest coal producer in the country, has reported production of 536 million tonnes for FY16, at a growth rate of 8.5%. However, the company has missed the target of producing 550 million tonnes.
Atul Auto: Atul Auto total sales stood at 3,303 units in March as against 3,222 Units (YoY).
Kotak Mahindra Bank: The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.65 per cent.
Godawari Power and Ispat Ltd: GPIL has sold its investment in subsidiary companies on March 31, 2016. Earlier, the decision was taken by the Board of Directors at its meeting held on February 13, 2016.
Dena bank: Dena bank fixed its overnight period MCLR at 9.30 % while setting up the one month period MCLR at 9.40%, for three month period, MCLR has been fixed at 9.45% and for six month period, the rate has been fixed at 9.50% and for one year period MCLR is set at 9.60%.
TVS Motor Company: TVS Motor Company posted a sales growth of 10% during the month of March 2016, with total sales increasing from 211,005 units recorded in the month of March 2015 to 232,527 units in the month of March 2016.
CMI Ltd: CMI Ltd bagged order from Bharat Heavy Electricals Limited - Project Engineering Management (BHEL PEM), valued at Rs. 6.53 cr for the Supply of lnstrumentation Cables to the Super Thermal power project of 3 x 660 MW at North Karanpura project of NTPC.
SpiceJet: SpiceJet is planning to increase cancellation and rescheduling charges from April 7, 2016, according to reports.
Hero Motocorp March: Hero Motocorp March total sales stood at 606,542 units, up 14%.
Persistent Systems: Persistent Systems has acquired certain assets of San Jose-based Genwi Inc, a privately held technology company that provides a mobile content enablement platform.
Zydus Cadila: Zydus Cadila, a wholly owned subsidiary of Cadila Healthcare, has received final approval form the United States Food and Drug Administration (USFDA) to market Carboplatin Injection, 10 mg/ml in 5 ml, 15 ml and 45 ml.
Aurobindo Pharma: Aurobindo Pharma receiving approval from the US Food and Drug Administration (USFDA) for two drugs.The company has received final approval from the USFDA to manufacture and market Valganciclovir Tablets USP, 450 mg. This product is to be launched in Q1 FY16-17. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Valcyte of Hoffman-La Roche Inc.
Den Networks: Den Networks is planning to sell 55% stake in Den Sports for Rs. 43.3 crore to Wall Street Investment.
Delta Corp: Delta Corp Ltd has announced that Government of Goa has granted permission to Delta Pleasure Cruise Company Private Limited, a wholly owned subsidiary of Delta to operate their vessel "M V ROYALE FLOTEL" in Mandovi River till an alternate feasible site is finalized by the Government or till March 31, 2017 whichever is earlier.
NALCO: National Aluminium Company Limited, a central public sector unit, has performed outstandingly by registering the highest-ever production in bauxite and alumina.
Mahindra and Mahindra: The popular SUV manufacturer, Mahindra and Mahindra, is all set to launch its latest vehicle Mahindra – NuvoSport SUV in Mumbai.
HCL Technologies: HCL Technologies will acquire Geometric for Rs. 1,283 crore in a share-swap deal.
Godrej Consumer Products: The company announced that it has entered into an agreement to acquire Strength of Nature LLC (SON), a leading company of hair care products for women of African descent.
ICICI Bank, HDFC Bank: ICICI Bank and HDFC Bank have offered to provide loans to yoga guru Baba Ramdev's rapidly expanding Patanjali Ayurved, reports a business daily. Patanjali Ayurved is looking to raise ~Rs. 1,000 crore in FY17, it adds.
Tata Motors: Tata Motors saw strong growth in certain key segments, with IM&HCV growing by 24%, while LCV’s and Exports both growing by 15% year-on-year.
Tata Steel Ltd: Fitch Ratings on Friday downgraded Tata Steel and its long-term foreign currency issuer default rating to 'BB' from 'BB+/stable'. The downgrade was on Tata Steel and Tata Steel UK, the rating agency said in a late evening note.
ICICI Bank Ltd: The private sector bank on Friday said it has sold a 9 per cent stake in its general insurance venture ICICI Lombard and a 2 per cent stake in life insurance subsidiary ICICI Prudential for about Rs 2,200 crore.
ITC: The company said it has shut down its cigarette factories until "clarity emerges" on the rules on health warning". A parliamentary committee, in its report tabled in the Lok Sabha on March 15, recommended that the new health warnings
SAIL: Fitch Ratings has downgraded SAIL Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BBB-'.
Infosys Ltd: Infosys co-founder NS Raghavan along with wife Jamuna Raghavan today acquired shares worth Rs. 94.56 crore of the company through an open market transaction.
Bharat Electronics: BEL has ended the year 2015-16 by registering sales turnover (provisional) of Rs. 7,510 crore, a growth of 12% over the previous year's turnover of Rs. 6,695 crore, said a report.
WABCO India Ltd: The company has informed BSE that based on the decision of the Board on March 31, 2016, the Company has entered into an agreement which is on arms-length basis with M/s WABCO Europe BVBA, a related party for payment of royalty at the rate of 4% on the net sales for using the licensed intangibles and technical knowhow.
SMS Pharmaceuticals: SMS Pharmaceuticals Limited has announced that the Company had made SMS Lifesciences India Private Limited its wholly owned subsidiary by acquiring it's 100% Equity Shares (i.e. Rs. 1,00,000/- paid up share capital) as on April 01, 2016.
Adani Ports & Special Economic Zone Ltd: Adani Ports & Special Economic Zone Ltd has won approval from the Tamil Nadu government to acquire Kattupalli port located at Ennore near Chennai from L&T Shipbuilding Ltd, reports a business daily.
Jet Airways: Jet Airways is planning to hire over 50 expat pilots to fly its widebody B-777 planes, says report.
Tata Steel: UK-based Indian steel tycoon Sanjeev Gupta is planning to acquire Tata Steel's plants at Port Talbot, says report.
Coal India: State-run Coal India, the largest coal producer in the country, has reported production of 536 million tonnes for FY16, at a growth rate of 8.5%. However, the company has missed the target of producing 550 million tonnes.
Atul Auto: Atul Auto total sales stood at 3,303 units in March as against 3,222 Units (YoY).
Kotak Mahindra Bank: The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.65 per cent.
Godawari Power and Ispat Ltd: GPIL has sold its investment in subsidiary companies on March 31, 2016. Earlier, the decision was taken by the Board of Directors at its meeting held on February 13, 2016.
Dena bank: Dena bank fixed its overnight period MCLR at 9.30 % while setting up the one month period MCLR at 9.40%, for three month period, MCLR has been fixed at 9.45% and for six month period, the rate has been fixed at 9.50% and for one year period MCLR is set at 9.60%.
TVS Motor Company: TVS Motor Company posted a sales growth of 10% during the month of March 2016, with total sales increasing from 211,005 units recorded in the month of March 2015 to 232,527 units in the month of March 2016.
CMI Ltd: CMI Ltd bagged order from Bharat Heavy Electricals Limited - Project Engineering Management (BHEL PEM), valued at Rs. 6.53 cr for the Supply of lnstrumentation Cables to the Super Thermal power project of 3 x 660 MW at North Karanpura project of NTPC.
SpiceJet: SpiceJet is planning to increase cancellation and rescheduling charges from April 7, 2016, according to reports.
Hero Motocorp March: Hero Motocorp March total sales stood at 606,542 units, up 14%.
Persistent Systems: Persistent Systems has acquired certain assets of San Jose-based Genwi Inc, a privately held technology company that provides a mobile content enablement platform.
Zydus Cadila: Zydus Cadila, a wholly owned subsidiary of Cadila Healthcare, has received final approval form the United States Food and Drug Administration (USFDA) to market Carboplatin Injection, 10 mg/ml in 5 ml, 15 ml and 45 ml.
Aurobindo Pharma: Aurobindo Pharma receiving approval from the US Food and Drug Administration (USFDA) for two drugs.The company has received final approval from the USFDA to manufacture and market Valganciclovir Tablets USP, 450 mg. This product is to be launched in Q1 FY16-17. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Valcyte of Hoffman-La Roche Inc.
Den Networks: Den Networks is planning to sell 55% stake in Den Sports for Rs. 43.3 crore to Wall Street Investment.
Delta Corp: Delta Corp Ltd has announced that Government of Goa has granted permission to Delta Pleasure Cruise Company Private Limited, a wholly owned subsidiary of Delta to operate their vessel "M V ROYALE FLOTEL" in Mandovi River till an alternate feasible site is finalized by the Government or till March 31, 2017 whichever is earlier.
NALCO: National Aluminium Company Limited, a central public sector unit, has performed outstandingly by registering the highest-ever production in bauxite and alumina.
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