Check out the companies which will be in focus during trade today based on recent and latest news developments.
IDFC Bank: The Bank has acquired 10% stake in ASA International India Microfinance for about Rs. 8.5 crore, according to reports. ASA International India is a division of Dhaka-headquartered ASA, which operates in over 12 countries.
Tata Motors: Tata Motors, part of conglomerate Tata Group, declared its sales volumes for the month of December 2015. The Group, which owns brands like Jaguar and Land Rover, witnessed Global sales at 91,762 units, a growth of 7% YoY. Cumulative wholesales for the fiscal were at 7,54,307 units, a surge of 6% YoY.
Omax Autos: Omax Autos has sold its remaining 51% stake in its subsidiary Company Gmax Auto Ltd.
PI Industries Limited: PI Industries Limited has commenced the Commercial Production at its 3rd Unit located at Sterling SEZ facility, Jambusar in State of Gujarat w.e.f. January 11, 2016.
Indian Bank: Indian Bank has announced that pursuant to the Bank's Strategic Plan discussed by its Board on October 26, 2015, the Bank is proposing to seek the approval of its Board in the ensuing Board Meeting to be held on January 19, 2016 to permit the Bank to raise Basel III compliant Tier II Bonds for Rs. 1100 crore in one or more tranches in the current or subsequent years based on the requirement.
Aurobindo Pharma: The pharma company has received approval from the US Food and Drug Administration (FDA) to manufacture and market generic Norethindrone Acetate tablets in the American market.
Bharti Airtel Limited: Bharti Airtel Limited announced the commercial launch of its high speed 4G services (also called LTE) in Hosur.
Vivimed Labs: Vivimed Labs Ltd has announced that the Board of Directors of the Company at its meeting held on January 11, 2016, approved the sub division proposal of Company's Equity Shares from the existing face value of Rs. 10/- per Equity Share to Rs. 2/- per Equity Share subject to the approval of Company's shareholders, which is proposed to be obtained through Postal Ballot & E-Voting.
Aurobindo Pharma: The pharma company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Norethindrone Acetate Tablets USP, 5mg.
Bharat Heavy Electricals Limited: The company has achieved one more significant milestone in the capacity addition programme of the country by successfully commissioning a 520 MW coal-based thermal generating unit in Andhra Pradesh.
Tata Steel: The company registered Hot Metal and Crude Steel production of 2.69 million tonnes (up by 13.1% y-o-y) and 2.55 million tonnes (up by 11.3% y-o-y) respectively for Q3 FY’16. Saleable Steel production was higher by 13.1% y-o-y (to 2.51 million tonnes), and Sales increased by 10.3% yo-y to 2.35 million tonnes in Q3 FY’16.
Suzlon Energy: The company has signed a binding term sheet and received advance payment for execution of 197.40 MW from a renewable energy Independent Power Producer.
Reliance Power: The company said electricity regulator CERC (Central Electricity Regulatory Commission) has approved an increase of 9 paise per unit, or 7 per cent, in tariff over its 25-year power purchase agreement for the 3,960 MW Sasan ultra mega power project (UMPP) that translates into a compensation of over Rs 300 crore per annum.
NIIT Technologies: The company has entered into an over Rs 226 crore pact with UK communications regulator Ofcom for providing information and communications technology (ICT) services.
Gayatri Projects Ltd: The company is considering the corporate restructure of its road assets, which may mean hiving of its roads business as a separate entity.
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