Top 16 stocks in focus today: Cipla, Indian Oil Corporation, SpiceJet
Check out the companies which will be in focus during trade today based on recent and latest news developments
Cipla: Cipla has signed a Memorandum of Understanding with Russia's National Immunobiological Company to collaborate on HIV and Hepatitis C drugs, entailing an investment of 2.8 billion roubles (around Rs.289 crore).
Indian Oil Corporation: An Indian consortium, led by Indian Oil Corporation (IOC) along with Oil India (OIL) and Bharat Petro Resources (BPRL), a 100% subsidiary of Bharat Petroleum Corporation (BPCL), have signed definitive agreement to acquire upto 23.9% shares from Rosneft Oil Company (Rosneft), NOC of Russia in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor and North Vankor Field licenses.
NTPC: NTPC is planning to sell rupee-denominated offshore green bonds to raise up to $250 mn by the end of July, according to reports.
SpiceJet: SpiceJet will offer passengers the option of booking a taxi to reach the airport at the time of ticket purchase, according to reports.
HDFC: HDFC is planning to raise Rs.500 crore by issuing secured redeemable non-convertible debentures through private placement.
JSPL: Jindal Steel and Power Ltd is seeking shareholders nod to divest 1,000 mega watt (MW) power plant of a subsidiary company and sale of its 920 MW captive power plants.
Larsen & Toubro: L&T wholly-owned subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs11.70bn across business verticals.
Centum Electronics: The company has acquired French company Adetel Group for an undisclosed sum.
UCO Bank: UCO Bank board has approved a proposal for raising Rs.42.43 billion Tier I Capital through issue of bonds and equity shares.
Mahindra & Mahindra Financial Services: The company is planning to raise up to Rs.245 billion through issuance of non-convertible debentures (NCDs).
Tata Steel: Tata Steel aims to ramp up production at the Kalinganagar unit in Odisha “quickly”, as per media report.
Subros: The company said it has resumed full supplies to Maruti Suzuki India (MSI) from the company’s other facilities in Noida, Pune and Chennai.
Eros International: Eros International announced a television syndication deal for their new and catalogue films with Zee Network.
Tata Chemicals: The company has decided to supply Di-ammonium Phosphate (DAP) to its customers from inventory in hand and imports, and consequently production of complex fertilisers, including DAP, is being temporarily suspended at Haldia, West Bengal.
Jaiprakash Power: The Board of Directors at its meeting held on June 17, 2016, considered the recommendations of the Committee of Directors /Audit Committee and agreed to call for additional inputs before taking the decision for the proposed transfer of Company’s Jaypee Bina Thermal Power Plant to its subsidiary company.
Siemens: The company has bagged an order worth EURO 130 million, to set up a high voltage direct current (HVDC) link to connect power supply networks of India and Bangladesh.
Coal India: The Board of Directors of Central Coalfields Limited, the Company's subsidiary, at its meeting held on June 16, 2016 has considered and approved the buyback of 2350000 fully paid equity shares of face value of Rs. 1000/- each.
HCL Technologies: HCL Technologies has signed a strategic IT partnership contract with LeasePlan. Under the terms of agreement, HCL will create Group Competency in collaboration with LeasePlan Information Services to provide IT solutions in various domains such as core leasing platforms, business intelligence and data warehousing solutions, enterprise IT solutions, and application development & maintenance services.