Check out the companies which will be in focus during trade today based on recent and latest news developments.
HCC: HCC has got bankers’ approval for restructuring it further under the recent Reserve Bank of India guidelines on ‘scheme for sustainable structuring of stressed assets’ (S4A), which will potentially provide the company relief on cash flows.
Max India: Max India Ltd., one of the three new holding companies formed after the demerger of the erstwhile Max India Ltd., will list on bourses on Thursday.
Adani Transmission: Moody’s has assigned a provisional investment grade credit rating to Adani Transmission proposed US dollar as well as the rupee-denominated senior secured bonds.
Ashok Leyland: Buoyed by its success in winning Rs.450 crore bus orders from state transport undertakings in the June quarter, Ashok Leyland is planning to step up its market share this year.
NBCC: The Centre has cleared a proposal to sell its stake in NBCC India with an aim to meet the ambitious Rs.56,500 crore PSU disinvestment target in 2016-17.
Prakash Industries Ltd: The company has received notices from FCCB holders for conversion of 10 Nos. FCCB (US$ 50,000 each) in to 5,29,978 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder.
Cyient Ltd: Cyient Ltd will announce its June quarter earnings today.
Crompton Greaves: The company has halted operations at its manufacturing unit at Mandideep in Madhya Pradesh after it was hit by heavy rains.
Mahindra and Mahindra: The company will seek its shareholders’ approval for raising up to Rs.5,000 crore through issuance of securities on private placement basis from domestic and international markets.
Omkar Speciality Chemicals Limited: The company have intimated the Stock Exchanges of the recent selling of the shares by the Promoter group.
Reliance Industrial Infrastructure Limited: The company said its standalone net profit declined by 32% to Rs.3.02 crore in the three-month period ended June 30, 2016.
NALCO: The company has bagged the Pottangi mines in Odisha's Koraput district.
Indian Hotels Company: Indian Hotels Company, a Tata Group firm, has completed the sale of its Taj Boston hotel for $125 million (about Rs. 839 crore).
Dr.Reddy's Laboratories: Dr.Reddy's Laboratories is recalling 9,330 bottles of Sirolimus tablets, used for prevention of organ rejection after kidney transplant, in the US due to presence of impurities.
Hinduja Ventures Ltd: The company has announced that it has acquired 43 lakh equity shares and 7.04 Crore Preference shares of Unit IMCL.
SRS Ltd: The company has announced that the Board of Directors decided to withdraw the decision of "Sub-Division of Equity Shares of Rs. 10/- each into Equity Shares of Re. 1/- each", which was approved by the Board of Directors in its Meeting held on June 22, 2016 and dispatch of Postal Ballot Notice was completed on June 27, 2016.
Mindtree: The company has launched Decision Moments, the first data analytics platform that appliescontinuous learning algorithms to large data pools, allowing businesses to generate meaningful and compelling insights that improve over time.
R P P Infra Projects Ltd: The company has announced that its wholly owned subsidiary, situated in Sri Lanka, bagged order work of High Commission of India Colombo worth of US $10.36mn.
Tata Seel: T.V. Narendran, Managing Director of Tata Steel India and South East Asia reportedly said that the company has invested more than Rs.25,000 crore in its greenfield steel project in Kalinganagar in Odisha and has plans for further expansion.
Tata Consultancy Services Ltd: Tata Consultancy Services will announce their June quarter earnings today.
HCC: HCC has got bankers’ approval for restructuring it further under the recent Reserve Bank of India guidelines on ‘scheme for sustainable structuring of stressed assets’ (S4A), which will potentially provide the company relief on cash flows.
Max India: Max India Ltd., one of the three new holding companies formed after the demerger of the erstwhile Max India Ltd., will list on bourses on Thursday.
Adani Transmission: Moody’s has assigned a provisional investment grade credit rating to Adani Transmission proposed US dollar as well as the rupee-denominated senior secured bonds.
Ashok Leyland: Buoyed by its success in winning Rs.450 crore bus orders from state transport undertakings in the June quarter, Ashok Leyland is planning to step up its market share this year.
NBCC: The Centre has cleared a proposal to sell its stake in NBCC India with an aim to meet the ambitious Rs.56,500 crore PSU disinvestment target in 2016-17.
Prakash Industries Ltd: The company has received notices from FCCB holders for conversion of 10 Nos. FCCB (US$ 50,000 each) in to 5,29,978 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder.
Cyient Ltd: Cyient Ltd will announce its June quarter earnings today.
Crompton Greaves: The company has halted operations at its manufacturing unit at Mandideep in Madhya Pradesh after it was hit by heavy rains.
Mahindra and Mahindra: The company will seek its shareholders’ approval for raising up to Rs.5,000 crore through issuance of securities on private placement basis from domestic and international markets.
Omkar Speciality Chemicals Limited: The company have intimated the Stock Exchanges of the recent selling of the shares by the Promoter group.
Reliance Industrial Infrastructure Limited: The company said its standalone net profit declined by 32% to Rs.3.02 crore in the three-month period ended June 30, 2016.
NALCO: The company has bagged the Pottangi mines in Odisha's Koraput district.
Indian Hotels Company: Indian Hotels Company, a Tata Group firm, has completed the sale of its Taj Boston hotel for $125 million (about Rs. 839 crore).
Dr.Reddy's Laboratories: Dr.Reddy's Laboratories is recalling 9,330 bottles of Sirolimus tablets, used for prevention of organ rejection after kidney transplant, in the US due to presence of impurities.
Hinduja Ventures Ltd: The company has announced that it has acquired 43 lakh equity shares and 7.04 Crore Preference shares of Unit IMCL.
SRS Ltd: The company has announced that the Board of Directors decided to withdraw the decision of "Sub-Division of Equity Shares of Rs. 10/- each into Equity Shares of Re. 1/- each", which was approved by the Board of Directors in its Meeting held on June 22, 2016 and dispatch of Postal Ballot Notice was completed on June 27, 2016.
Mindtree: The company has launched Decision Moments, the first data analytics platform that appliescontinuous learning algorithms to large data pools, allowing businesses to generate meaningful and compelling insights that improve over time.
R P P Infra Projects Ltd: The company has announced that its wholly owned subsidiary, situated in Sri Lanka, bagged order work of High Commission of India Colombo worth of US $10.36mn.
Tata Seel: T.V. Narendran, Managing Director of Tata Steel India and South East Asia reportedly said that the company has invested more than Rs.25,000 crore in its greenfield steel project in Kalinganagar in Odisha and has plans for further expansion.
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