Top 6 stocks in focus: Tata Steel, TCS, ITC
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Nila Infrastructures Ltd: The company has received a work order from Ahmedabad Municipal Corporation (AMC) for the Integrated Slum In-situ Development for P.P.P. Project (Phase-ll) of approximate 80 residential units at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarat's Slum Rehabilitation and Redevelopment Policy – 2013.
Tata Steel: The company announced it would explore strategic alternatives for its UK business, including the potential sale of the business as a whole or in parts. The company and its advisers then contacted around 200 potential financial and industrial investors around the world to explore their interest in the business. The company has also deeply engaged with the Governments of the UK and Wales at every stage of the process.
ITC: The company has embarked on the next stage of its succession exercise in anticipation of Chairman YC Deveshwar's move to a non-executive role in February, says report.
Gammon India Ltd: The Board of Directors of the Company at its meeting held on July 08, 2016, has noted the acquisition of M/s. Nikias Metals Private Limited, an unlisted private company made by its wholly owned subsidiary Gammon Retail Infrastructure Private Limited ("GRIPL").
Tata Consultancy Services Ltd: The company has announced that Phiroz Vandrevala has relinquished the office of Non-Executive Director of the Company, due to personal reasons, with effect from July 08, 2016.
Power Finance Corporation Ltd: The company has announced that In terms of 'Guidelines on Capital Restructuring of Central Public Sector Enterprises (CPSE)' issued by Department of Investment & Public Asset Management (DIAPM), Ministry of Finance dated May 27, 2016, the Board of Directors of the Company in its meeting scheduled to be held on July 14, 2016 shall, inter alia, consider recommendation of "Issue of Bonus Shares”.