Here are some stocks in focus today 12-12-2019:

India Ratings & Research has assigned ‘IND AA+’ rating with a negative outlook in respect of IDFC First Bank’s ‘Basel Ill – Tier 2 Bonds’ of Rs 2,000 crore and have affirmed existing ratings ‘IND AA+’ with a negative outlook to the bank’s other senior debt instruments (infra bonds & NCDs).

Maruti Suzuki India joined hands with Federal Bank to provide dealer finance and customized auto retail financing solutions to customers.

Private sector Axis Bank is evaluating the acquisition route to scale up microfinance books while its rivals such as Kotak Mahindra Bank and IndusInd Bank have already taken strides in this segment.

Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt.

Diversified conglomerate ITC is looking to garner up to 20 percent of the Rs 7,400-crore frozen food market in India in the next three years, PTI reported.

Cipla – associate company Avenue Therapeutics announces the submission of new drug application for IV Tramadol

KRBL launched a new product “INDIA GATE IDLI RAVA”

India Rating and Research have affirmed West Coast Paper Mill’s long-term issuer rating at ‘IND AA-‘. The Outlook is Stable.

Prakash Industries declared as the successful bidder for Bhaskarpara coal mine.

Ultratech Cement approves allotment Of NCDs worth Rs 250 crore on a private placement basis

Akash Infraprojects has received a work order worth Rs 12.57 crore from the Office of the Executive Engineer, National Highway Division, Ahmedabad.

Zydus Cadila launched affordable oral anti-diabetic tablet Vinglyn.

RSWM approved the issuance of fully paid-up equity shares of the company for up to an aggregate amount not exceeding Rs 1500 million by way of the rights issue.

Vodafone Idea denied reports about negotiations are taking place with Brookfields or Edelweiss to sell some assets.

Vardhman Special Steels – CRISIL has re-affirmed the credit rating for long-term and short-term bank loan facilities and for commercial papers

Phoenix Mills’ managing director Atul Ruia retire, to continue to be chairman & non-executive director

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Were The Stocks In Focus Today 12-12-2019.

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