Top 12 stocks in focus today: Quess Corp, Jet Airways, RCom, Infibeam
Logistics stocks in focus today. Logistics sector gets infrastructure status.
Jet Airways aims to cut costs (excluding fuel) by up to 15%, increase ancilliary revenue by Rs 250 crore and increase capacity at a CAGR of 10% over three years, as per media reports.
Infibeam is in talks with Prem Watsa’s Fairfax Financial Holdings to sell a minority stake even as the local ecommerce firm looks to expand into offline retail, as per media reports.
Quess Corp acquired Tata Business Support Services for Rs 153 crore. It will own 51% of the Hyderabad-headquartered company, with Tata Sons holding the remaining stake.
Mahindra opened its new manufacturing plant with an investment of $ 230 million in the world’s car capital, Detroit, which got its first automotive production facility in 25 years.
Moody’s Investors Service upgraded Vedanta Resources’ corporate family rating to Ba3 from B1.
Reliance Communications have approved sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield, as per media reports.
Donear Group on Monday said it has acquired Amritsar-based OCM Woolen Mills.
NBCC awards Rs 524 crore order to Simplex Infra for construction of IIT buildings in Bhubaneswar.
Satin Credit gets housing finance subsidiary license from NHB.
Edelweiss QIP closes; sets issue price at Rs 280 per share.
ARSS Infra got an order worth Rs 87.1 crore from Rail Vikas Nigam.
Virinchi approved preferential issue of 26 lakh convertible equity warrants to promoter group.
VIP Clothing rights issue period set from Nov. 28 to Dec. 12
Everest Organics gets order from US co to supply omiprazole API.