Check out the companies which will be in focus during trade today based on recent and latest news developments.
Reliance Communications: Reliance Communications fared the worse in call drop rate test conducted by the Telecom Regulatory Authority of India (Trai) in Hyderabad, says report.
Tata Motors: Tata Motors launched its next-generation 'Ultra' range of light commercial vehicle (LCV) in Kenya, says report.
Jindal Stainless: Jindal Stainless said a sub-committee of its board will meet on June 15 to consider number of shares to be issued to Jindal Stainless (Hisar) (JSHL).
ITC: The company has stepped into the dairy whitener market with its Sunfresh brand, as per media report.
Bharti Airtel: Bharti Airtel's wholly-owned data centre unit, Nxtra Data Ltd., signed a pact with CenturyLink to provide managed hosting, IT Infrastructure, IT services and cloud services to enterprises and government organisations in India to increase customer base.
Yes Bank: The bank has executed a "Share Subscription and Shareholders' Agreement" agreeing to subscribe for 20,00,000 equity shares of Receivables Exchange of India Limited (RXIL) which is equivalent to 8% of the post-issue paid-up capital of RXIL, as per the terms of the aforesaid agreement.
Visa Steel: The company reportedly said it will seek shareholders’ approval for the merger of its JV firm Visa Bao (VBL) in an attempt to optimise costs and secure availability of resources for its ferrochrome business.
Unitech: The company sales bookings increased 16 per cent to Rs.963 crore last fiscal on higher realisation from non-residential segment, says report.
GVK Power & Infrastructure: The company is seeking sought shareholders’ approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs.15,000 crore. The current limit is Rs.10,000 crore, according to reports.
TVS Motor: TVS Motor launched a special edition of its scooter model Jupiter priced at Rs.53,034 (ex-showroom Delhi) to mark the crossing of 1 mn units sales milestone.
Granules Pharmaceuticals: Granules Pharmaceuticals Inc, subsidiary of Granules India, has acquired exclusive rights from US pharma Windlas, LLC to market and distribute four products in the USA.
Motherson Sumi: Motherson Sumi Systems’s subsidiary Samvardhana Motherson Automotive Systems Group will raise USD300mn through issue of notes due in December 2021 to repay debt and general corporate purposes.
Canara Bank: The bank is set to raise Rs.500 crore this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, as per media report.
Cyient: The IT company launched a new global design centre in Bengaluru for SMEC, an Australian professional services company for providing high-level consultancy services on major infrastructure projects.
NTPC: NTPC has agreed to finance the cost of doubling of the 134 km section and has deposited Rs.9.46 billion with the South Western Railway. The section consists of 10 block stations, 8 major bridges and 2 important bridges.
Bajaj Finance: Bajaj Finance has tied up with retailers and brands for loans tailor made for buyers of clothes, shoes, watches, eyewear and fashion accessories, making it the first such scheme to be rolled out in India, as per media report.
Kesoram Industries: CARE revised long/short-term bank facilities of Kesoram Industries from CARE A minus to CARE A2 plus.
M&M: M&M is reportedly in talks with taxi aggregators Uber and Ola for a strategic alliance to offer a wide gamut of services, according to reports.
Dr Lal PathLabs: The pharma company is planning at expanding its presence pan-India to be a key driver for the next phase of growth for the company.
Sadbhav Infrastructure Project: The company has informed BSE regarding receipt of provisional completion certificate for 86 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.
Tata Motors: Tata Motors launched its next-generation 'Ultra' range of light commercial vehicle (LCV) in Kenya, says report.
Jindal Stainless: Jindal Stainless said a sub-committee of its board will meet on June 15 to consider number of shares to be issued to Jindal Stainless (Hisar) (JSHL).
ITC: The company has stepped into the dairy whitener market with its Sunfresh brand, as per media report.
Bharti Airtel: Bharti Airtel's wholly-owned data centre unit, Nxtra Data Ltd., signed a pact with CenturyLink to provide managed hosting, IT Infrastructure, IT services and cloud services to enterprises and government organisations in India to increase customer base.
Yes Bank: The bank has executed a "Share Subscription and Shareholders' Agreement" agreeing to subscribe for 20,00,000 equity shares of Receivables Exchange of India Limited (RXIL) which is equivalent to 8% of the post-issue paid-up capital of RXIL, as per the terms of the aforesaid agreement.
Visa Steel: The company reportedly said it will seek shareholders’ approval for the merger of its JV firm Visa Bao (VBL) in an attempt to optimise costs and secure availability of resources for its ferrochrome business.
Unitech: The company sales bookings increased 16 per cent to Rs.963 crore last fiscal on higher realisation from non-residential segment, says report.
GVK Power & Infrastructure: The company is seeking sought shareholders’ approval for increasing the maximum limit of loans and guarantees that can be given to other entities to Rs.15,000 crore. The current limit is Rs.10,000 crore, according to reports.
TVS Motor: TVS Motor launched a special edition of its scooter model Jupiter priced at Rs.53,034 (ex-showroom Delhi) to mark the crossing of 1 mn units sales milestone.
Granules Pharmaceuticals: Granules Pharmaceuticals Inc, subsidiary of Granules India, has acquired exclusive rights from US pharma Windlas, LLC to market and distribute four products in the USA.
Motherson Sumi: Motherson Sumi Systems’s subsidiary Samvardhana Motherson Automotive Systems Group will raise USD300mn through issue of notes due in December 2021 to repay debt and general corporate purposes.
Canara Bank: The bank is set to raise Rs.500 crore this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, as per media report.
Cyient: The IT company launched a new global design centre in Bengaluru for SMEC, an Australian professional services company for providing high-level consultancy services on major infrastructure projects.
NTPC: NTPC has agreed to finance the cost of doubling of the 134 km section and has deposited Rs.9.46 billion with the South Western Railway. The section consists of 10 block stations, 8 major bridges and 2 important bridges.
Bajaj Finance: Bajaj Finance has tied up with retailers and brands for loans tailor made for buyers of clothes, shoes, watches, eyewear and fashion accessories, making it the first such scheme to be rolled out in India, as per media report.
Kesoram Industries: CARE revised long/short-term bank facilities of Kesoram Industries from CARE A minus to CARE A2 plus.
M&M: M&M is reportedly in talks with taxi aggregators Uber and Ola for a strategic alliance to offer a wide gamut of services, according to reports.
Dr Lal PathLabs: The pharma company is planning at expanding its presence pan-India to be a key driver for the next phase of growth for the company.
Sadbhav Infrastructure Project: The company has informed BSE regarding receipt of provisional completion certificate for 86 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.
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