Check out the companies which will be in focus during trade today based on recent and latest news developments.
Aurobindo Pharma: The pharma company received USFDA approval for for Sustiva generic.
SpiceJet: SpiceJet, the country’s favourite low-cost carrier, continues to lead the Passenger Load Factor (PLF) charts among all Indian carriers by clocking over 90% PLF for 13 successive months
Mphasis: Competition Commission has cleared private equity major Blackstone’s deal to buy over 50% stake in the company from HP Enterprise, as per media report.
Nestle India: Nestle India is planning to launch up to 25 products across various categories, according to reports. The company reportedly said that financially it could take a few more quarters to overcome the Rs.500 crore hit.
Cadila Healthcare: Zydus Cadila has acquired two abbreviated new drug applications (ANDA) from Teva Pharmaceutical Industries Ltd that are being divested by Israel-based company as a pre-condition to its acquisition of Allergan Plc.’s generic business.
Tata Consultancy Services: Tata Consultancy Services announced a partnership to deliver next generation cloud-based derivative post trade processing service on the Calypso platform to Sernova Financial, an innovative provider of turn-key post-trade services.
Take Solutions: The company is planning to sell its supply chain management business to focus more on the life sciences sector that contributes over 75% of revenue, as per media reports.
Uttam Galva Steels: The company has filed a reference with the Board for Industrial and Financial Reconstruction (BIFR), since it has become a sick company after eroding its net worth.
Yes Bank: Yes Bank has hired Goldman Sachs Group to raised as much as $1 billion through a qualified institutional placement offer.
Gayatri Projects: The company said it has won Rs.700 crore project, a part of larger Navi Mumbai International Airport, from CIDCO.
Apollo Hospitals: Apollo Hospitals and Hainan Ecological Smart City Group, China sign MoU to build a state-of-the art Hospital in Hainan Province, China.
Suzlon: Suzlon Group said it has entered into a pact with CLP India for a 100 mw solar project at Veltoor in Telangana.
Hindustan Construction Company: The company is planning to raise Rs.1,000 crore through issue of securities.
Rolta India: The management is working on a solution in the interest of all stakeholders after the software service provider failed to make interest payments on bonds, says report.
Andhra Bank: Andhra Bank has announced that the Bank is proposing to come out with 8.65% – 10 years (call option after 5 years) Unsecured Non-convertible Redeemable Basel- III Compliant Tier-2 Debt Bonds Series-C in the nature of Debentures of Rs. 10 lakh each for cash at par aggregating to Rs.1000 crores.
Supreme Infra: Supreme Infrastructure India Ltd has announced that the company has been declared L1 in the two EPC projects of CIDCO worth Rs.397.68 crore.
Eros International: The company announced a strategic partnership with Puja Entertainment & Films.
Asian Granito: Asian Granito India Ltd has announced that High Court of Gujarat vide its Order dated June 16, 2016 has sanctioned the Scheme of Amalgamation of Artistique Ceramics Private Limited with Asian Granito India and their respective shareholders and creditors.
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