Wipro, Aditya Birla Chemicals, SITI Cable among 16 Stocks in focus today

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

Wipro Limited: Wipro has appointed TK Kurien as the Executive Vice Chairman and Abidali Z Neemuchwala as the Chief Executive Officer and Member of the Board of the company. Both these appointments are effective February 1, 2016.

L&T: L&T Infotech, a subsidiary of engineering giant Larsen & Toubro, has got Sebi's approval to float an initial public offering (IPO) worth Rs. 2,000 crore, according to reports.

State Bank of India: SBI will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups, as per media reports.

Aditya Birla Chemicals India Ltd: ABCIL has been merged today with Grasim Industries from the appointed date of April 1, 2015 with all the requisite approvals for the  Scheme of Amalgamation in place.

Texmaco Rail & Engineering: Texmaco Rail & Engineering Ltd has entered into a Definitive Agreement with Bright Power Projects (India) Pvt Ltd to acquire 55% stake in the company. Now, Bright Power  has become the subsidiary of Texmaco Rail.

SITI Cable Network:  Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of SITI Cable Network Limited under the Portfolio Investment Scheme (PIS).

Petronet LNG Ltd: Petronet LNG could opt for renegotiation of the rates for purchasing gas under its contract with Exxon’s Gorgon project in Australia, reports a business daily.

Castex Technologies: Standard Chartered Bank Singapore (SCBS) and Standard Chartered Bank Mauritius (SCBM) now hold 10.63% equity stake in Castex Technologies Ltd., an Amtek group company, according to a stock exchange disclosure.

MOIL: The company has reduced prices of various grades of manganese ore by up to 10% for the January-March quarter. 

SBT: Reserve Bank of India has imposed a penalty of Rs.1 crore on State Bank of Travancore for deficiencies in reporting to the Central Repository of Information on Large Credits (CRILC) database.

Bajaj Auto: Bajaj Auto sales during December remained flat at 2.89 lakh units mainly on the back of a 12% dip year-on-year in exports.

Dabur India: The company has announced its foray into the premium baby care market with the launch of ‘Dabur Baby’, a new brand which will have a range of baby care products prepared using natural oils, essential for safe and tender care of the youngest member of the family. 

IDBI Bank: The bank has mobilised Rs.1900 crore through issue of Basel III compliant Tier 2 bonds through two separate issues on private placement basis to strengthen its capital adequacy.

 Punj Lloyd: The company has won four highway projects worth Rs. 1,555 crore in Bihar, Chhattisgarh, Odisha and Punjab from the central government. 

Videocon Industries: Videocon Industries has restructured its $194.4 million foreign currency convertible bonds (FCCBs) by repaying half the amount in cash and redeeming the rest in new five-year bonds at lower cost, as per media reports.

Gateway Distriparks Limited: The company has ​commenced construction of ​its ​Logistics Park ​at ​Krishnapatnam Port in Andhra Pradesh after receiving all necessary state government approvals.​