Top 10 stocks in focus today: Reliance Industries, Petronet LNG, Deepak Fertilisers
State Bank of India: SBI has written to the Reserve Bank of India (RBI) seeking further relaxation of the scheme for sustainable structuring of stressed assets (S4A).
Deepak Fertilisers: The company reported a net profit of Rs 26.96 crore for the quarter ended September 30, 2016 against Rs 28.31 crore in the corresponding quarter last year.
Petronet LNG: The company reported its net profit of Rs 460 crore in July-September is 82% higher than Rs 253 crore net profit in the same period a year ago.
IL&FS Transportation Networks: The company said its joint venture with IL&FS Engineering & Construction Co has bagged two road projects in Madhya Pradesh worth Rs 3.75 billion.
Lupin: The pharma company said its US arm Gavis has received approval from the US health regulator to market hydrocodone bitartrate and acetaminophen tablets, a pain relieving drug, in the American market.
Federal Bank: The bank has partnered with Oxigen for cash management services through the bank’s e – collection facility.
Cadila Pharmaceuticals: CPL Biologicals Pvt Ltd, a joint-venture biotechnology company of Cadila Pharmaceuticals Ltd, India and Novavax Inc, USA, has indigenously developed ‘Cadiflu-S’ becoming the first Indian company to develop a vaccine to treat seasonal influenza.
TCS: The spat between Tata Sons Ltd and its ousted chairman has entered a decisive phase as Tata Consultancy Services Ltd (TCS) became the first group company to fix a date for a shareholders’ meeting to remove Cyrus Mistry as director, as per media reports.
Reliance Industries: RIL has entered into a global partnership agreement with GE to enter in the Industrial Internet of Things (IIOT) space by building joint applications on the latter’s Predix platform.
Infosys: The IT company is bracing for pressure on its U.S. business from anti-immigrant policies by U.S. President-elect Donald Trump, who has identified clamping down on immigration as one of his three top priorities, as per media reports.