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Top 12 stocks in focus today: Infosys, SBI, Nestle, Aban Offshore

Nestle India had to defend its top brand Maggi once again on Wednesday after the district administration of Shahjahanpur, Uttar Pradesh, levied a fine of Rs62lakh for alleged ‘ash content’ above the permissible limit in the popular instant noodles.

Dr. Reddy’s Laboratories said it has been served a securities class action lawsuit in the US for alleged violations of federal securities laws.

Infosys‘ stocks in focus today as its Rs13,000crore buyback offer will open today and end on December 14.

State Bank of India raised the interest rate on bulk deposits of over Rs1cr by one percent, effective November 30.

Indiabulls Housing Finance’s rating upgraded by S&P to AAA.

India Motor Parts & Accessories acquired 90% stake in CAPL Motor Parts Pvt. Ltd. for Rs4.5cr.

Maithan Alloys completes acquisition of Salanpur Sinters and Anjaney Minerals.

Aban Offshore sets up subsidiary Aban Hydrocarbons Pte in Singapore.

New York State Insurance Fund partners with Majesco U.S.A.

Mahindra Finance to raise Rs1,055cr by issuing 2.5cr equity shares at a price of Rs422 each to Mahindra and Mahindra Ltd.

Allahabad Bank cuts MCLR by 5 basis points across tenures.

ArcelorMittal said its 29% equity stake in Uttam Galva Steels will not impede them from participating in bidding for stressed steel assets in India.