Check out the companies which will be in focus during trade today based on recent and latest news developments.
NTPC: Government will sell 2.06 crore shares in NTPC to eligible employees at a price of Rs.115.90, a 5% discount to the price of Rs.122 at which the government sold 5% stake in the power generator in February.
Bharti Airtel: Orange announces that, together with its subsidiary has completed the acquisition of 100% of the mobile operator Airtel in Burkina Faso.
KEC International: The company has secured new orders at Rs.1,036 crore.
Telecom stocks in focus: The Union government has approved India’s largest auction of telecom spectrum. Based on the base price, the spectrum is valued at Rs.5.66 trillion.
Reliance Power: The Coal Ministry has issued show cause notice to Reliance Power asking reasons for delays in developing coal mines allocated for Tilaiya UMPP, says report.
GAIL (India) Limited: The company has placed orders for purchase of 341 km of Line Pipes for the Phulpur Haldia/Dhamra Natural Gas Pipeline on four companies at a total cost of Rs.550 crore.
Sun Pharmaceutical Industries: The pharma company has started recalling 2,839 bottles of anti-bacterial medicine Nitrofurantoin Oral Suspension in the US market account of failed dissolution specifications.
DLF: According to media reports, global investors have submitted expressions of interest for acquiring stake in realty firm DLF Ltd’s rental arm include sovereign wealth funds such as GIC, Abu Dhabi Investment Authority and private equity firm Blackstone Group Lp.
Essar Oil: The company has made a discovery of 8tcf of original in-place shale gas resources underneath its coal-bed methane reserves in Raniganj (East) block in West Bengal.
Textile stocks in focus: The cabinet has approved Rs.6,000 crore package for the textile sector, aimed at generating jobs and improving the sector’s competitiveness globally.
Coal India: Coal India has secured a booking of about 2.05 mt against the offer of 3.78mt in the first tranche of linkage auction for the non-regulated sponge iron sector.
CESC: The company has signed a franchise agreement for power distribution in Kota and Bharatpur in Rajasthan, as per media reports.
Lupin: The pharma company has received approval from the US Food and Drug Administration for its generic Amabelz tablets in the American market.
TCS: TCS has partnered with four colleges to offer courses in Big Data as it looks to strengthen the pool of workforce in the digital technology space in India.
SpiceJet: The airline company is offering one-way fares beginning at Rs.444 (excluding taxes and fees) in a five day sale offer.
V-Guard Industries: The company is planning to set up two more manufacturing units, one for water heaters and another for fans.
IRB Infrastructure: The company has announced that AE Tollway Pvt. Ltd. - wholly-owned Subsidiary of the Company, has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs. 1,650 crore.
Motherson Sumi: The company said that there are frequent requests/ suggestions from Investors to simplify the group structure and the Company does get many suggestions / alternatives from banks / advisors.
GIPCL: GIPCL has emerged as successful Bidder in the e-Reverse auction for selection of Bidder for 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.
Lokesh Machines: The company board meeting on Jun 28 to consider allotment of Equity shares and warrants on preferential basis.
Bharti Airtel: Orange announces that, together with its subsidiary has completed the acquisition of 100% of the mobile operator Airtel in Burkina Faso.
KEC International: The company has secured new orders at Rs.1,036 crore.
Telecom stocks in focus: The Union government has approved India’s largest auction of telecom spectrum. Based on the base price, the spectrum is valued at Rs.5.66 trillion.
Reliance Power: The Coal Ministry has issued show cause notice to Reliance Power asking reasons for delays in developing coal mines allocated for Tilaiya UMPP, says report.
GAIL (India) Limited: The company has placed orders for purchase of 341 km of Line Pipes for the Phulpur Haldia/Dhamra Natural Gas Pipeline on four companies at a total cost of Rs.550 crore.
Sun Pharmaceutical Industries: The pharma company has started recalling 2,839 bottles of anti-bacterial medicine Nitrofurantoin Oral Suspension in the US market account of failed dissolution specifications.
DLF: According to media reports, global investors have submitted expressions of interest for acquiring stake in realty firm DLF Ltd’s rental arm include sovereign wealth funds such as GIC, Abu Dhabi Investment Authority and private equity firm Blackstone Group Lp.
Essar Oil: The company has made a discovery of 8tcf of original in-place shale gas resources underneath its coal-bed methane reserves in Raniganj (East) block in West Bengal.
Textile stocks in focus: The cabinet has approved Rs.6,000 crore package for the textile sector, aimed at generating jobs and improving the sector’s competitiveness globally.
Coal India: Coal India has secured a booking of about 2.05 mt against the offer of 3.78mt in the first tranche of linkage auction for the non-regulated sponge iron sector.
CESC: The company has signed a franchise agreement for power distribution in Kota and Bharatpur in Rajasthan, as per media reports.
Lupin: The pharma company has received approval from the US Food and Drug Administration for its generic Amabelz tablets in the American market.
TCS: TCS has partnered with four colleges to offer courses in Big Data as it looks to strengthen the pool of workforce in the digital technology space in India.
SpiceJet: The airline company is offering one-way fares beginning at Rs.444 (excluding taxes and fees) in a five day sale offer.
V-Guard Industries: The company is planning to set up two more manufacturing units, one for water heaters and another for fans.
IRB Infrastructure: The company has announced that AE Tollway Pvt. Ltd. - wholly-owned Subsidiary of the Company, has achieved financial closure in terms of the Concession Agreement executed with NHAI, by tying up of Project finance of Rs. 1,650 crore.
Motherson Sumi: The company said that there are frequent requests/ suggestions from Investors to simplify the group structure and the Company does get many suggestions / alternatives from banks / advisors.
GIPCL: GIPCL has emerged as successful Bidder in the e-Reverse auction for selection of Bidder for 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.
Lokesh Machines: The company board meeting on Jun 28 to consider allotment of Equity shares and warrants on preferential basis.
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