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Top 10 stocks in focus today: Reliance Industries, Cadila Healthcare, JMC Projects

Reliance Industries: Reliance Industries on Wednesday said it has successfully commissioned the first phase of its 2.2 million metric tonnes per annum (MMTPA) para-xylene (PX) plant at Gujarat’s Jamnagar.

IRB Infrastructure: IRB Infra has informed stock exchanges that the company has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project.

JMC Projects: The company secured new orders worth over Rs 1,457 crore.

Pratibha Industries: The company’s board to meet on January 4, 2017 to approve the issue and allotment of shares on preferential basis to the lenders of the company under strategic debt restructuring (SDR) scheme.

IDFC Bank: The private sector bank is close to merging various lending divisions with a plan to reduce headcount, as per media report.

Phoenix Mills: The company on Wednesday said it has acquired the remaining 8.72 per cent stake in its wholly-owned subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL).

JK Tyre: The tyre manufacturer said its board has given approval to raise up to Rs 1,000 crore by issuing securities.

Sasken Communication: The company has proposed to buy back 29,27,879 equity shares having face value of Rs 10 each at a price of Rs 410 per share in cash for a total consideration not exceeding Rs 12004.31 lakhs.

Cadila Healthcare: The company’s wholly owned subsidiary Zydus Healthcare has acquired six brands from US drug maker MSD and its subsidiaries for an undisclosed amount.

Jet Airways: The appointment of Vikram Mehta, Rajshree Pathy and Ranjan Mathai have received the nod of the shareholders, the airline said in a regulatory filing on Wednesday.