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Top stocks in focus today: Axis Bank, Cipla, Reliance, HDFC Bank, Dilip Buildcon, Unichem, HEG

These companies will be in focus during trade today based on recent and latest news developments.
Cipla’s Pithampur plant gets three observations from U.S. FDA.

US FDA concludes the inspection of Unichem Labs’ Ghaziabad facility with no observations.

Coal India plans 41.5 million tons forward coal auctions in the current financial year. (Bloomberg)

Axis Bank commenced succession process for a new chief executive officer and managing director and appoints Egon Zehnder to succession conduct process.

SJVN signs accord with power ministry and aims to achieve 9,200 mn units in financial year 2019.

RIL says it is not aware of any further investigation undertaken by the I-T department regarding the Rs6,500cr foreign direct investment by Biometrix in the company’s group entities.

Adani Enterprises forms a joint venture with Prakash Asphaltings for Bilaspur Pathrapali Road Private Ltd. in the ratio of 74:26.

Indian Hume Pipe Company secures Rs578.50cr order from Madhya Pradesh Jal Nigam Maryadit.

Kitex Garments Board to meet on April 25, 2018 to consider proposal for further investments.

Orchid Pharma says committee of creditors have rejected all three bids for the company.

Morepen Labs appeals to NCLAT against the order passed by NCLT, Chandigarh bench.

Electrosteel Steels says steering committee was set up as per resolution plan.

Lenders of Nagarjuna Oil Corporation decide that the company should go for liquidation.

Dilip Buildcon has incorporated three new special purpose vehicles companies for 3 hybrid annuity projects awarded by the National Highways Authority of India valued at Rs2,948.1cr.

Adani Enterprises along with Prakash Asphaltings and Toll Highways (India) have incorporated a joint venture company Bilaspur Pathrapali Road Private Limited in the ratio of 74:26.

Phoenix Mills: Island Star Mall Developers and Canada Pension Plan Investment Board acquired a prime land parcel in Hebbal, Bengaluru for a total consideration of Rs650cr.

Himalaya Food International launches distribution hub for North Delhi at Aadarsh Nagar, New Delhi with S N Enterprises as channel partner.

There was a fire accident in one of Bajaj Healthcare plant situated at factory Unit II Savali-Karachia Road, Vadodara on April 21; there has been no loss or substantial injury to human life.