Check out the companies which will be in focus during trade today based on recent and latest news developments.
SBI: Union Cabinet on Wednesday approved the merger of five associate banks — State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad as well as Bharatiya Mahila Bank with State Bank of India.
Crompton Greaves: Crompton Greaves is planning to sell its global automation business, ZIV, at a valuation of $112 million (Rs.754 crore) by September, according to reports.
NTPC, Coal India: NTPC Ltd has announced that pursuant to Joint Venture Agreement dated May 16, 2016 signed with Coal India Limited, a Joint Venture Company in the name of "Hindustan Urvarak & Rasayn Limited", with 50:50 shareholding by NTPC & Coal India has been incorporated on June 15, 2016.
BPCL, HPCL, IOC: Petrol price was hiked by a marginal 5 paise per litre, while diesel rate was increased by Rs.1.26 per litre.
Tata Power: Tata Power Renewable Energy Limited has issued and allotted Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of Rs. 575 crores.
IL&FS Transportation Networks: IL&FS Transportation Networks announced that MAIF Investments India Pte. Ltd. has remitted the consideration of Rs.109,78,68,850/- towards sale of 83,13,800 Equity shares of Rs. 10 each by the Company in GRICL representing 15% of paid up equity capital of GRICL.
GlaxoSmithkline Consumer Healthcare: GlaxoSmithkline Consumer Healthcare has commenced the operations at its Nabha, Patiala unit after nearly a month.
Spice Mobility: The board of directors of the company has approved the proposal for acquisition of 49% stake by “Digitone” in Spice Online.
Vedanta: The company said its shareholders have approved the proposal to raise its limit of inter-corporate loans to Rs.800 billion.
Indiabulls Housing Finance: The company said it plans to raise Rs.200 crore by issuing non-convertible debentures.
HDIL: Promoter of HDIL will infuse up to Rs.1.50 billion fresh capital in the company. The capital will be infused through a preferential issue of share warrants to promoter Sarang Wadhawan.
Tata Sponge Iron: The company said it has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India.
Andrew Yule: The company has consider the Allotment of 1,24,62,500 Equity Shares of Rs. 2/- each of the Company in favour of Bank of Baroda, against conversion of Working Capital Term Loan availed of by the Company, as approved by the Cabinet Committee on Economic Affairs.
Persistent Systems: Persistent Systems said it has the strongest overall capabilities for Distributed Agile Delivery of services, according to the just-released report Ovum Decision Matrix: Distributed Agile Delivery Models 2016-2017.
NMDC: The company has reported 4.99 million tonnes of iron ore production and logged sales volume of 4.98 MT up to May 2016.
International Paper: The company said in a notice to exchanges that its promoters to sell 20% stake to parent for restructuring.
Info Edge (India): The company has invested an amount of Rs.30 million through convertible preference shares for acquiring 11.5% stake, on fully converted & diluted basis, in a company known as Vcare Technologies Pvt Ltd.
Zydus Cadila: Zydus Cadila, a global healthcare provider and Eczac1ba1ilac; Pazarlama A.$. a leading healthcare company of Turkey have signed a strategic collaboration agreement to market biotech products in the Turkish market.
Zensar Technologies: Zensar Technologies announced a multi-million multi-year Managed Services Deal with John Lewis, UK's largest department store retailer. Zensar has been partnering John Lewis through its business transformation process with next gen applications management solutions for many years now.
Alstom T & D India: The company received orders from Power Grid worth Rs.2020 million.
UPL: The company has acquired 26% stake in Weather Risk Management Services Pvt Ltd for Rs.100 million.
Crompton Greaves: Crompton Greaves is planning to sell its global automation business, ZIV, at a valuation of $112 million (Rs.754 crore) by September, according to reports.
NTPC, Coal India: NTPC Ltd has announced that pursuant to Joint Venture Agreement dated May 16, 2016 signed with Coal India Limited, a Joint Venture Company in the name of "Hindustan Urvarak & Rasayn Limited", with 50:50 shareholding by NTPC & Coal India has been incorporated on June 15, 2016.
BPCL, HPCL, IOC: Petrol price was hiked by a marginal 5 paise per litre, while diesel rate was increased by Rs.1.26 per litre.
Tata Power: Tata Power Renewable Energy Limited has issued and allotted Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of Rs. 575 crores.
IL&FS Transportation Networks: IL&FS Transportation Networks announced that MAIF Investments India Pte. Ltd. has remitted the consideration of Rs.109,78,68,850/- towards sale of 83,13,800 Equity shares of Rs. 10 each by the Company in GRICL representing 15% of paid up equity capital of GRICL.
GlaxoSmithkline Consumer Healthcare: GlaxoSmithkline Consumer Healthcare has commenced the operations at its Nabha, Patiala unit after nearly a month.
Spice Mobility: The board of directors of the company has approved the proposal for acquisition of 49% stake by “Digitone” in Spice Online.
Vedanta: The company said its shareholders have approved the proposal to raise its limit of inter-corporate loans to Rs.800 billion.
Indiabulls Housing Finance: The company said it plans to raise Rs.200 crore by issuing non-convertible debentures.
HDIL: Promoter of HDIL will infuse up to Rs.1.50 billion fresh capital in the company. The capital will be infused through a preferential issue of share warrants to promoter Sarang Wadhawan.
Tata Sponge Iron: The company said it has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India.
Andrew Yule: The company has consider the Allotment of 1,24,62,500 Equity Shares of Rs. 2/- each of the Company in favour of Bank of Baroda, against conversion of Working Capital Term Loan availed of by the Company, as approved by the Cabinet Committee on Economic Affairs.
Persistent Systems: Persistent Systems said it has the strongest overall capabilities for Distributed Agile Delivery of services, according to the just-released report Ovum Decision Matrix: Distributed Agile Delivery Models 2016-2017.
NMDC: The company has reported 4.99 million tonnes of iron ore production and logged sales volume of 4.98 MT up to May 2016.
International Paper: The company said in a notice to exchanges that its promoters to sell 20% stake to parent for restructuring.
Info Edge (India): The company has invested an amount of Rs.30 million through convertible preference shares for acquiring 11.5% stake, on fully converted & diluted basis, in a company known as Vcare Technologies Pvt Ltd.
Zydus Cadila: Zydus Cadila, a global healthcare provider and Eczac1ba1ilac; Pazarlama A.$. a leading healthcare company of Turkey have signed a strategic collaboration agreement to market biotech products in the Turkish market.
Zensar Technologies: Zensar Technologies announced a multi-million multi-year Managed Services Deal with John Lewis, UK's largest department store retailer. Zensar has been partnering John Lewis through its business transformation process with next gen applications management solutions for many years now.
Alstom T & D India: The company received orders from Power Grid worth Rs.2020 million.
UPL: The company has acquired 26% stake in Weather Risk Management Services Pvt Ltd for Rs.100 million.
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