Here are the stocks that are in focus today:
Jet Airways: An additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.
Reliance Industries: Subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) acquired software company C-Square Info Solutions Private Limited and logistics services platform company Grab A Grub Services Private Limited.
JSW Steel: Company and Duferco International Trading Holding SA aligned their strategic goals in a landmark $700 million 5-year advance payment and supply agreement (APSA).
Kolte-Patil Developers: Company invests Rs 70 crore in its subsidiary Kolte-Patil I-Ven Townships (Pune) Ltd.
Capacity Infraprojects: Board approved Scheme of Amalgamation amongst CIPL-PPSL-Yongnam Joint Venture Constructions Private Limited, company and their respective shareholders.
Indian Hume Pipe: Company received three letters of intent for the works aggregating to Rs 187.06 crore from Vidarbha Irrigation Development Corporation, Nagpur.
Mishra Dhatu Nigam: Company secured an order worth about Rs 475 crore. The cumulative order booking during the financial year 2018-19 is about Rs 1,800 crore.
Larsen & Toubro Infotech completed an acquisition of 100% shareholding of Nielsen+Partner Unternehmensberater GmbH, Hamburg, Germany, along with its identified subsidiaries
RBI levied an aggregate penalty of Rs 4 crore on Karnataka Bank
NLC India commissioned solar power projects in Tamil Nadu
Union Bank of India: Stakeholders Relationship Committee (SRC) of the bank approved issue price of Rs 58.49 per share for new equity shares to be issued to the eligible employees of the bank under Union Bank of India Employee Share Purchase Scheme (Union Bank – ESPS). The offer will open for subscription by eligible employees on March 7 and will close on March 16.
Equitas Holdings: CRISIL revised the outlook on long term facilities rating of subsidiary, Equitas Small Finance Bank Limited from A/Stable to A/Positive.
GHIAL a subsidiary of GMR Infrastructure has divested its 100% stake in its subsidiary Asia Pacific Flight Training Academy
Central Bank of India approved raising of equity capital by issue of upto 68,72,48,322 equity shares at the issue price of Rs 37.25 per equity share aggregating to Rs 2,560 crore
Bank of Baroda appointed Hasmukh Adhia as non-Executive chairman
HOEC adds yet another block to its North East Portfolio
Ramco System positioned as a Major Contender in Everest Group’s PEAK Matrix for Multi-Country Payroll Platform
Sterlite Tech wins Intertek’s (US) Zero Waste to Landfill certification for its optical fibre cable manufacturing plant in Rakholi, Silvassa
BHEL installs first Solar Electric Vehicle (EV) Charging Station in the upcoming network of Charging Stations on Delhi-Chandigarh highway
Tata Communications appoints Sumeet Walia as Chief Sales and Marketing Officer
IRB Infrastructure Developers: Company successfully completed Hyderabad Outer Ring Road project and accordingly handed over the project to Hyderabad Growth Corridor Limited.
Aurobindo Pharma: Company completed the acquisition of seven marketed oncology injectable products, intellectual property and commercial infrastructure from US-based Spectrum Pharmaceuticals.
Snowman Logistics: Company appointed Mamoru Yokoo as an additional director of the company.
Take Solutions: Company announced mergers of step-down subsidiaries in the USA.
Coal India: February coal production up 6.5 percent at 58.05 million tonnes, April-February FY19 coal production rises 6.6 percent to 527.70 million tonne YoY. February offtake up 3 percent at 51.45 million tonne and April-February offtake increases 4.5 percent to 548.49 million tonne YoY.
Hero Motocorp: February sales fall 2 percent to 6,17,215 units YoY.
Sunteck Realty: Company issued commercial paper of Rs 25 crore.
Tata Motors: On a media report saying Tata to explore options including JLR stake sale, the company clarified that there is no truth to the rumours that Tata Motors is looking to divest its stake in JLR and it would not like to comment further on any market speculation.
Biocon: Company appoints Dr Christiane Hamacher as CEO of Biocon Biologics India Limited.
Nucleus Software Exports: Board approved a scheme of amalgamation between wholly-owned subsidiaries, Virstra I-Technology Services Limited and Avon Mobility Solutions Private Limited and company.
HT Media: Company has entered into share purchase agreements with the shareholders of NRL (a subsidiary of Next Mediaworks Limited), to purchase 3,68,08,001 equity shares (constituting 48.6 percent stake) in NRL.
Dr Lal PathLabs: Company received an intimation from Arun Duggal, Independent Director, tendering his resignation.
VST Tillers Tractors: February sales dips to 2,076 units versus 3,478 units YoY.
KEI Industries: CARE reaffirmed CGR 3+ rating assigned to the corporate governance practices adopted by the company.
Steel Strips Wheels: Company achieved February 2019 total wheel rim sales of 12.83 lakh versus 13.03 lakh in February 2018 representing a de-growth of 1 percent YoY.
Medico Remedies: Company purchased adjoining manufacturing unit at Palghar.
Cochin Shipyard: Company signed contracts with Utkarsh Advisory Services Private Limited, Mumbai, (part of JSW group) for construction and delivery of 4 Nos. 8000 T mini bulk carriers.
Shivan Autotech: Company has achieved approximately 29 percent increase in sales in February 2019 compared to the corresponding month in the previous financial year.
Lakshmi Machine Works: The company received a communication from LIC of India for withdrawal of nomination of V Sathyakumar, Nominee Director of LIC and filing of fresh nomination for appointing Anil Gupta as Nominee Director of LIC on the board of directors of the company.
Aster DM Healthcare: Company increased its shareholding in subsidiary Malabar Institute of Medical Sciences Limited to 73.22 percent from 70.68 percent earlier and in Prerana Hospital Limited to 84.93 percent from 80.80 percent earlier.
Tata Motors: February sales drop 3 percent to 57,221 units versus 58,993 units YoY.
TVS Motor Company: Company registered a growth of 3 percent with sales increasing from 2,90,673 units in February 2018 to 2,99,353 units in February 2019.
Eicher Motors: Royal Enfield sales in February fall 14 percent to 62,630 units versus 73,077 units YoY.
Himatsingka partners with the Iconix Brand group on the Royal Velvet brand.
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