Check out the companies which will be in focus during trade today based on recent and latest news developments.
NTPC: NTPC said its offer for sale of 2.06 crore equity shares for its employees was subscribed 85% and government is expected to net around Rs.202 crore from the share sale.
Axis Bank: Cabinet Committee on Economic Affairs allowed Axis Bank to raise foreign shareholding to 74% from the current 62%, which will bring in investment of around Rs.130 billion.
Claris Lifesciences: Claris Lifesciences has received ANDA approval for Tobramycin Injection.
Poly Medicure Ltd: The company is planning to invest Rs.600 million in a new green field project at IMT Faridabad in Haryana.
Alembic Pharmaceuticals: The pharma company has received tentative approval from the US health regulator for Febuxostat tablets used for treatment of hyperuricemia in patients of gout.
ICICI Bank: The bank will seek shareholder approval to raise up to Rs.25,000 crore by selling bonds and debentures.
Gujarat Industries Power Company: Gujarat Industries Power Company has informed BSE that Solar Energy Corporation of India Ltd. (SECI) has issued two Letters of Intent (LOIs), both dated July 04, 2016, to GIPCL for 2 x 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.
Hindustan Construction Company Ltd: HCC and MMS of Russia formed a joint venture to execute a contract worth Rs.25.23 billion for the Mumbai Metro Rail Corporation Limited (MMRCL).
Larsen & Toubro: Larsen & Toubro along with its partner, STEC of China has bagged an order worth Rs.52.73 billion from Mumbai Metro Rail Corporation (MMRC).
Petronet LNG Ltd: The company is planning to set up a Rs.50 billion LNG import terminal at Kutubdia islands in Bangladesh countries.
JSW Steel: India Ratings and Research said it has downgraded JSW Steel long-term issuer rating besides downgrading company's Rs 86.35 billion non-convertible debentures (NCDs).
Vakrangee: Vakrangee has entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through VakrangeeBSE 2.10 % distribution network, as per media report.
Insecticides (India): The company has entered into an agreement with Momentive Performance Materials Inc., USA for getting the product 'AGROSPREC MAX' on an exclusive basis for the territory of India.
JK Paper Ltd: The company said it has made a non-binding offer to acquire two units of Avantha Group firm BILT Graphic Paper Products Ltd (BGPPL).
Skipper Ltd: The company has announced its further international business penetration by bagging new orders in the countries of Kenya, Cameroon, Congo, Ghana & Malaysia as well as in the domestic market. These orders are for supply of Transmission & Sub-station Towers, Distribution Poles and Steel Angles and are valued at approx. 100 cr. The Company has further received approval from Power Grid Corporation of India Limited (PGCIL) for its Poles division.
Fiem Industries: The company have received 'Letter of Intent' for Design, Manufacture and Supply of Self Ballasted 9W LED Bulbs with 3 years Warranty from Energy Efficiency Services Limited (EESL).The Quantity is 22,14,000 LED Bulbs and the order value is Rs. 12,31,68,600/- The supply period is one month.
Tata Power Company Ltd: The company has announced that at its meeting scheduled on July 11, 2016, the Board will consider issuing Non-Convertible Debentures on private placement basis, within the limits approved by the shareholders at the Annual General Meeting of the Company held on August 05, 2015.
3i Infotech Ltd: The FCCB Committee of the Board at its meeting held on July 05, 2016 has approved issuance of foreign currency convertible bonds of up to US$ 52,000,000 ("New Bonds") to the existing bondholders of the Company, in exchange for the existing foreign currency convertible bonds.
Power Finance Corporation Ltd: Warora-Kurnool Transmission Limited, a wholly owned subsidiary established for development of Transmission System for "Additional inter-Regional AC link for import into Southern Region i.e. Warora - Warangal and Chilakaluripeta - Hyderabad - KurnooI 765 kV link" Common Transmission System has since been Transferred to Essel Infraprojects Limited (the successful bidder) on July 06, 2016.
Kajaria Ceramics Ltd: The company has announced that a meeting of the Board of Directors of the Company, to consider and approve the Scheme of Amalgamation of Kajaria Securities Private Limited ("KSPL") with Kajaria Ceramics Limited ("KCL") for realignment of current promoters’ shareholding in the Company.
Southern Online Bio Technologies Ltd: The company has announced that the Company has received letter of intent from Hindustan Petroleum Corporation Limited for the supply of 1500 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State.
Lupin, Dr.Reddy’s: Lupin and Dr.Reddy’s are recalling over 1.7 lakh bottles of two different tablets, used in the treatment of blood pressure and acidity, in the US due to deviations from manufacturing norms, says report.
NTPC: NTPC said its offer for sale of 2.06 crore equity shares for its employees was subscribed 85% and government is expected to net around Rs.202 crore from the share sale.
Axis Bank: Cabinet Committee on Economic Affairs allowed Axis Bank to raise foreign shareholding to 74% from the current 62%, which will bring in investment of around Rs.130 billion.
Claris Lifesciences: Claris Lifesciences has received ANDA approval for Tobramycin Injection.
Poly Medicure Ltd: The company is planning to invest Rs.600 million in a new green field project at IMT Faridabad in Haryana.
Alembic Pharmaceuticals: The pharma company has received tentative approval from the US health regulator for Febuxostat tablets used for treatment of hyperuricemia in patients of gout.
ICICI Bank: The bank will seek shareholder approval to raise up to Rs.25,000 crore by selling bonds and debentures.
Gujarat Industries Power Company: Gujarat Industries Power Company has informed BSE that Solar Energy Corporation of India Ltd. (SECI) has issued two Letters of Intent (LOIs), both dated July 04, 2016, to GIPCL for 2 x 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.
Hindustan Construction Company Ltd: HCC and MMS of Russia formed a joint venture to execute a contract worth Rs.25.23 billion for the Mumbai Metro Rail Corporation Limited (MMRCL).
Larsen & Toubro: Larsen & Toubro along with its partner, STEC of China has bagged an order worth Rs.52.73 billion from Mumbai Metro Rail Corporation (MMRC).
Petronet LNG Ltd: The company is planning to set up a Rs.50 billion LNG import terminal at Kutubdia islands in Bangladesh countries.
JSW Steel: India Ratings and Research said it has downgraded JSW Steel long-term issuer rating besides downgrading company's Rs 86.35 billion non-convertible debentures (NCDs).
Vakrangee: Vakrangee has entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through VakrangeeBSE 2.10 % distribution network, as per media report.
Insecticides (India): The company has entered into an agreement with Momentive Performance Materials Inc., USA for getting the product 'AGROSPREC MAX' on an exclusive basis for the territory of India.
JK Paper Ltd: The company said it has made a non-binding offer to acquire two units of Avantha Group firm BILT Graphic Paper Products Ltd (BGPPL).
Skipper Ltd: The company has announced its further international business penetration by bagging new orders in the countries of Kenya, Cameroon, Congo, Ghana & Malaysia as well as in the domestic market. These orders are for supply of Transmission & Sub-station Towers, Distribution Poles and Steel Angles and are valued at approx. 100 cr. The Company has further received approval from Power Grid Corporation of India Limited (PGCIL) for its Poles division.
Fiem Industries: The company have received 'Letter of Intent' for Design, Manufacture and Supply of Self Ballasted 9W LED Bulbs with 3 years Warranty from Energy Efficiency Services Limited (EESL).The Quantity is 22,14,000 LED Bulbs and the order value is Rs. 12,31,68,600/- The supply period is one month.
Tata Power Company Ltd: The company has announced that at its meeting scheduled on July 11, 2016, the Board will consider issuing Non-Convertible Debentures on private placement basis, within the limits approved by the shareholders at the Annual General Meeting of the Company held on August 05, 2015.
3i Infotech Ltd: The FCCB Committee of the Board at its meeting held on July 05, 2016 has approved issuance of foreign currency convertible bonds of up to US$ 52,000,000 ("New Bonds") to the existing bondholders of the Company, in exchange for the existing foreign currency convertible bonds.
Power Finance Corporation Ltd: Warora-Kurnool Transmission Limited, a wholly owned subsidiary established for development of Transmission System for "Additional inter-Regional AC link for import into Southern Region i.e. Warora - Warangal and Chilakaluripeta - Hyderabad - KurnooI 765 kV link" Common Transmission System has since been Transferred to Essel Infraprojects Limited (the successful bidder) on July 06, 2016.
Kajaria Ceramics Ltd: The company has announced that a meeting of the Board of Directors of the Company, to consider and approve the Scheme of Amalgamation of Kajaria Securities Private Limited ("KSPL") with Kajaria Ceramics Limited ("KCL") for realignment of current promoters’ shareholding in the Company.
Southern Online Bio Technologies Ltd: The company has announced that the Company has received letter of intent from Hindustan Petroleum Corporation Limited for the supply of 1500 Kilo Liters of Bio Diesel from July to September 2016 to its Secunderabad location in Telangana State.
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