Top 12 stocks in focus today: Reliance Comm, Cochin Shipyard, IVRCL
The Department of Telecom has cleared the merger of Sistema Shyam Teleservices with Reliance Communications, a deal that will reduce the number of mobile operators in the country to ten.
The Ramco Cements has subscribed to the rights issue offer of Lynks Logistics and has acquired 4,81,00,000 shares of face value Rs 1 each. Consequent to the acquisition, the total shareholding of Ramco Cements in Lynks Logistics stands at 47.62% of its paid up share capital.
IVRCL has received communication from corporate debt restructuring (CDR) cell informing that CDR EG after due deliberation with the lenders approved the exit of account of the company from CDR mechanism on account of failure of the CDR package.
Cochin Shipyard announced that the Ministry of Shipping had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers for upgradation and modernisation of shipbuilding infrastructure at the two shipyard sites of Salkia and Nazirgunge in Kolkata.
Coal India plans to rationalise supply sources for private power producers to reduce the distance over which coal is carried in an effort to cut transport and generation costs.
IndusInd Bank launches m-wallet with MobiKwik.
Kaya to invest Rs 51 crore in Singapore-based subsidiary KME Holdings.
State Bank of India and Escorts Ltd signed MoU for financing tractors.
BHEL gets order worth Rs 204 bn from Telangana govt.
Hindalco cuts aluminium product prices by up to 1% effective Wed.
Swan Energy arm executes LNG Port contract with Gujarat Maritime.
RBL Bank cuts marginal cost-based lending rates by 5-10 bps, as per media reports.
SAIL shareholders approves raising Rs 50 bn via bonds in tranches.