Top 6 stocks in focus: Cairn India, Infosys, Wipro
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Cairn India: The Board of Directors of the Company will be held on July 21, 2016, to consider the unaudited financial results of the Company for the quarter ended June 30, 2016.
Infosys: The company's senior Vice President Vasudeva Nayak has resigned, according to reports.
Dewan Housing Finance Corporation Ltd: The Board of Directors of the company has approved the issuance of Non-Convertible Secured/Unsecured Debentures, upto an amount of Rs.5,000 crore, Non-Convertible Subordinated Unsecured Debentures, upto an amount of Rs.1,000 crore, Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs.500 crore for the ensuing quarter and till the date of the next Board Meeting.
Ambuja Cement: The Cabinet Committee on Economic Affairs has approved the proposal for Ambuja Cements Limited for acquisition of 24% shares in its holding company-Holcim (India) Private Limited from M/s. Holderind Investment Limited and subsequent reverse merger through a share swap. This would entail outflow of Rs.3,500 crore.
Hindustan Petroleum Corporation Ltd: The company has announced that the Board of Directors of the Company at its meeting held on July 20, 2016, inter alia, have considered and recommended Increase in Authorised Share Capital to Rs.2500 crores and further recommended Capitalisation of Reserves and issue of Fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each subject to approval of the shareholders at the ensuing Annual General Meeting of the Company scheduled on September 08, 2016.
Wipro Ltd has announced that it has received shareholder nod to appoint Abidali Neemuchwala as Executive Director.