Top 10 stocks in focus today: Reliance Infra, Airtel, Federal Bank
Shareholders of Arvind Ltd will get 1 equity share of Arvind Fashions for every 5 held by them, and 1 equity share of Anup Engineering Limited for every 27 shares held by them.
Bharti Airtel has revised the Rs 499 infinity plan for postpaid customers, adding unlimited free outgoing calls on national roaming, to the existing plan, making it more attractive for its clients.
Reliance Infrastructure is slated to win a Rs 1,000-crore order from Nuclear Power Corporation of India after emerging as the lowest bidder for an engineering and construction contract for the Kudankulam plant, as per media .
Indian Hotels Company said Tata Sons has raised its holding in the company by 1.78% to 29.79% pursuant to a rights issue.
Corporation Bank plans to raise Rs 5 bn through issuance of BaselIII-compliant tier-II bonds maturing in 10 years, and has invited bids from merchant bankers today.
Federal Bank has received the Reserve Bank of India’s approval to open representative offices in Kuwait and Singapore.
HDFC Bank has reduced its benchmark marginal cost of funds based lending rates by 5 basis points across all tenures.
Prestige Estate Projects said it has raised its stake in partnership firm Prestige Pallavaram Venture to 100% from 51% for Rs 100 crore. Prestige Pallavaram plans to develop a 3.8 mn sq ft residential project in Chennai, which is due to be launched by January.
Balrampur Chini Mills will now focus more on its distillery business as ethanol prices have become more “remunerative” following the recent hike in prices of ethanol to be procured by oil marketing companies from sugar mills.