Top 12 stocks in Focus Today: Bank of India, Pfizer, IRB Infra
Bank of India: Bank of India has sold 18% stake in the insurance joint venture Star Union Dai-ichi Life Insurance Company Ltd (SUD) to its Japanese partner.
IRB Infrastructure Developers: IRB Infrastructure has received a letter of award from National Highways Authority of India (NHAI) for Rs 2,100-crore highway project in Rajasthan and Gujarat.
Tata Motors: Moody’s has upgraded Jaguar Land Rover Automotive Plc’s (JLR) corporate family rating (CFR) to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD.
Pfizer: Pfizer has completed the process of transferring four products to Piramal Enterprises after getting necessary regulatory approvals.
BPCL: BPCL Kochi Refinery is all set to become a world-class refinery with crude oil processing capacity of 15.5 MMTPA, Union Minister Dharmendra Pradhan said.
8K Miles Software Services Ltd: 8K Miles Software has informed BSE that the Board of Directors of the Company has fixed October 13, 2016 as the record date for the purpose of ascertaining the eligibility of the shareholders entitled for stock split & free share issue.
Suven Life Sciences: Suven Life Sciences has been granted two product patents, one each in India and Japan, for the molecules to be developed for the treatment of neuro-degenerative diseases.
Gati Ltd: Gati received members’ approval for resignation of CFO Sanjeev Jain. Last working day will be Oct 31, as per media report.
Indian Oil Corporation: Indian Oil Corporation and the US Trade and Development Agency (USTDA), have signed an agreement to jointly explore cleaner fuels.
Mahindra & Mahindra: M&M said it will raise Rs.475 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.
Indiabulls Housing Finance: Indiabulls Housing Finance said that it raised up to Rs.7,000 crore from non-convertible debentures (NCDs) to fund its business expansion.
Jet Airways: The airline company is negotiating a joint venture agreement with Air France-KLM to expand its commercial co-operation with the two European airlines, as per media reports.