TCS tax liabilities double to Rs.8,148.03 crore in FY16

According to TCS Annual Report, income tax demands grew to Rs. 7,955.14 crore in 2015-16.

Tata Consultancy Services tax liabilities have been more than doubled to Rs 8,148.03 crore in 2015-16 from Rs. 3,962.83 in the previous fiscal., says report.

According to TCS' Annual Report, income tax demands grew to Rs. 7,955.14 crore in 2015-16.

The company is scheduled to hold its annual general meeting in Mumbai on June 17.

Tata Consultancy Services Ltd is currently trading at Rs. 2535.9, up by Rs. 1.2 or 0.05% from its previous closing of Rs. 2534.7 on the BSE.

The scrip opened at Rs. 2530 and has touched a high and low of Rs. 2538 and Rs. 2523.6 respectively. So far 255692(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 499444.37 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2630 and Rs. 2518.25 respectively.

The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 22 % and 4.58 % respectively.

The stock is currently trading above its 50 DMA.

Jaypee Infratech surges 7%

The scrip opened at Rs. 8.6 and has touched a high and low of Rs. 9.04 and Rs. 8.6 respectively.

Jaypee Infratech Ltd stock was higher by 7% at Rs.8.99.]

The scrip opened at Rs. 8.6 and has touched a high and low of Rs. 9.04 and Rs. 8.6 respectively. So far 1680952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1170.87 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.35 on 10-Jul-2015 and a 52 week low of Rs. 5.34 on 06-Jun-2016. Last one week high and low of the scrip stood at Rs. 8.62 and Rs. 5.36 respectively.

The promoters holding in the company stood at 71.64 % while Institutions and Non-Institutions held 14.62 % and 13.75 % respectively.

The stock is currently trading above its 200 DMA.

Suven Life Sciences surges 1% on securing patents for CNS drug

The company has received a patent each from Canada and Hong Kong, for molecules to be developed as drugs for treatment of various central nervous system disorders.

Shares of Suven Life Sciences are currently trading 1.15% higher at Rs.211.90 on BSE after the company yesterday secured patents for various central nervous system (CNS) drugs.

The company has received a patent each from Canada and Hong Kong for molecules to be developed as drugs for treatment of various central nervous system disorders.

The product patents are “valid through 2032 and 2030, respectively. With these new patents, the company has a total of 23 patents from Canada and 20 patents from Hong Kong.

The scrip opened at Rs. 212.5 and has touched a high and low of Rs. 212.7 and Rs. 209.5 respectively. So far 54915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2666.57 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 308.7 on 05-Oct-2015 and a 52 week low of Rs. 144.35 on 19-Feb-2016. Last one week high and low of the scrip stood at Rs. 215.7 and Rs. 205.2 respectively.

The promoters holding in the company stood at 60 % while Institutions and Non-Institutions held 7.74 % and 32.25 % respectively.

The stock is currently trading above its 200 DMA.

Tata Power plans to buy 25% in Resurgent Power

Resurgent Power is founded by a consortium of two sovereign funds from Middle East.

Tata Power is planning to acquire 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, according to reports.

Resurgent Power is founded by a consortium of two sovereign funds from Middle East.

The scrip opened at Rs. 76 and has touched a high and low of Rs. 76.5 and Rs. 75.65 respectively. So far 535951(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20487.57 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 77.95 on 13-Jun-2016 and a 52 week low of Rs. 55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 77.95 and Rs. 72.9 respectively.

The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.7 % and 16.27 % respectively.

The stock is currently trading above its 50 DMA.

Bharti Infratel announces buyback of 4.70 crore equity shares

The buyback shall be undertaken on a proportionate basis from the shareholders as of June 16, 2016.

Bharti Infratel announced buyback of 4.70 crore equity shares of Rs 10 at a price of Rs 425 per share. 

The buyback shall be undertaken on a proportionate basis from the shareholders as of June 16, 2016.

Report says that aggregate paid-up equity capital and free reserves of the company as on March 31, 2016 was Rs 10,348 crores.

Bharti Infratel Ltd ended at Rs. 380.35, up by Rs. 1.75 or 0.46% from its previous closing of Rs. 378.6 on the BSE.

The scrip opened at Rs. 383.45 and touched a high and low of Rs. 385.5 and Rs. 378.15 respectively. A total of 4283699(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 72139.73 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 500 on 05-Aug-2015 and a 52 week low of Rs. 341.6 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 385.5 and Rs. 371.8 respectively.

The promoters holding in the company stood at 71.7 % while Institutions and Non-Institutions held 26.26 % and 1.96 % respectively.

The stock traded above its 200 DMA.

ChrysCapital, GIC may acquire SBI’s 5% stake in NSE

ChrysCapital and GIC are seeking to buy SBI’s stake at a price of around Rs.4,000-4,050 per share, says report.

ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd  is planning to acquire 5% stake in National Stock Exchange of India Ltd (NSE), according to reports.

Report says that ChrysCapital and GIC are seeking to buy SBI’s stake at a price of around Rs.4,000-4,050 per share.

The stake was put on the block by State Bank of India (SBI).

State Bank of India ended at Rs. 207.55, up by Rs. 5.35 or 2.65% from its previous closing of Rs. 202.2 on the BSE.

The scrip opened at Rs. 204.1 and touched a high and low of Rs. 208.25 and Rs. 204 respectively. A total of 25888568(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 161116.44 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 291.85 on 05-Aug-2015 and a 52 week low of Rs. 148.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 212.8 and Rs. 200.3 respectively.

The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 27.88 % and 10.07 % respectively.

The stock traded above its 200 DMA.

Top 20 stocks in focus: Infosys, Coal India, Tata Power

Check out the companies which will be in focus during trade today based on recent and latest news developments.

SBI: ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd ​are planning to acquire 5% stake in National Stock Exchange of India Ltd (NSE), according to reports.

Aviation stocks in focus: Aviation stocks are likely to be in focus. The cabinet is likely to take a call on 5/20 rule today and may modify it, as per media report.

Coal India: The company said its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs.1,200.19 crore.

Infosys: Infosys has added almost Rs. 1 lakh crore in market value in the last two years, says report.

Tata Power : The company will buy 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, besides looking at power transmission companies, as per media report.

PNB: Punjab National Bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.

Aurobindo Pharma: FIPB has approved two FDI proposals, including that of Aurobindo Pharma, as per media report.

Fertiliser stocks: Union Minister of State for Chemical and Fertilizer Hansraj Gangaram Ahir said that it will not increase the prices of urea for the next 3 years.

​​Crompton Greaves Consumer Electricals Ltd: The company said HDFC Mutual Fund has trimmed its stake in the company by 2.01% to 7.20% by sale​ of​ shares worth ​Rs.​168 crore in the open market.

Bharti Infratel: The telecom company will buy back shares worth Rs.2,000 crore from shareholders.

Aditya Birla Nuvo: Aditya Birla Nuvo announced in reference with the Joint Venture Agreement entered into by the Company with MMI Holdings, a leading South African Insurance based financial services group, to enter into the Health Insurance and Wellness business in India, subject to the regulatory approvals.

Suven Life Sciences Ltd: The company announced that the grant of one product patent from Canada and one product patent from Hong Kong corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2032 and 2030 respectively.

Dewan Housing Finance Corporation Ltd: The Company proposes to issue Secured Redeemable Non Convertible Debentures amounting to Rs. 400.00 Crore and a Greenshoe option up to Rs. 175.00 Crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 31st Annual General Meeting held on July 23, 2015, on the terms and conditions.

HDIL: The real estate company is in talks to sell 3-4 land parcels near Mumbai as it looks to bring down its net debt to about Rs.2,000 crore by the end of this fiscal.

Union Bank of India: The Bank intends to raise capital funds through issuance of Tier 2 bonds. In this regard, CRISIL Ratings has assigned 'CRISIL AAA' rating with negative outlook to the Bank's proposed Basel III compliant Tier 2 bond issue of Rs. 1000 crore.

Satin Creditcare Network Limited: The company has raised Rs. 25 crore by issuing Non-Convertible, Redeemable, Cumulative, Preference Shares (“NCRCPS”) to Karvy Capital Limited. IFMR Capital executed the private placement of the CARE BBB rated Preference shares at coupon of 12.10% p.a and redeemable after approximately 5 years.

Kwality Ltd :The board has approved raising up to Rs.60 crore by way of preferential allotment of equity shares, convertible warrants and compulsory convertible debentures from "persons/entities other than promoter group".

Tata Motors: According to the Cogencis report, the company's luxury car making arm Jaguar Land Rover has started a new manufacturing plant in Brazil.

Union Bank of India: The bank is planning to raise funds through the issuance of Basel III-compliant tier-II bonds.