Top 15 stocks in focus today: Infosys, Tata Steel, Wipro
Salil Parekh has been announced as the new CEO and MD of Infosys with effect from Jan 2, 2018, for a period of five years. Interim CEO, Pravin Rao, will be re-designated as the COO of the company for the next five years.
Zee Learn is in talks with MT Educare, to buy a controlling stake in the company. Zee initially plans to buy the entire promoter share of 42.78% and later make an open offer for another 20% stake.
Biocon says USFDA approved trastuzumab, jointly developed with Mylan. The biosimilar is used for the treatment of patients with breast or metastatic stomach cancer.
Coal India production for November at 51.29 million tonnes. Offtake at 50.67 million tonnes.
Dr. Reddy’s gets Eir from USFDA for CPS facility at Telangana.
JSW Energy secured PPAS aggregating to 208 MW. Proportion of long-term ppas increased to 69.3% from 64.6% in July-September period.
Asahi India Glass to make a strategic investment in Timex group precision engineering.
Transformers & Rectifiers received order worth Rs127cr from Power Grid.
Tata Steel to acquire 74% stake in Bhubaneshwar power for Rs255cr from JL power ventures.
VST Tillers November sales up 34% yoy at 2,922 units.
TVS Motor November sales up 12% yoy at 2.51 lakh units.
Tata Motors November sales up 58% yoy at 52,464 units.
Hero Motocorp November sales up 26% yoy at 6.05 lakh units.
Wipro to contest $140 million lawsuits filed by National Grid U.S.
Eris Lifesciences to avail loan of Rs400cr from axis bank. loan proceeds to part-fund strides deal.
DLF to raise Rs11,250cr via CCDS, warrants and QIP.
Astral Poly Technik hikes stake in astral pipers, Kenya from 37.5% to 50%.
Mirc Electronic to raise Rs 144 crore via allotment of shares & warrants to the non-promoter group (Ashish Kacholia and others) at Rs37.53 per share/warrant.
Future Retail board approves the allotment of 93 lakh shares at Rs537 per share to hypercity retail shareholders.
REC to hold roadshow from Dec. 6, as per media reports.