Top stocks in focus today: Axis Bank, ICICI Bank, Wipro
These companies will be in focus during trade today based on recent and latest news developments.
Axis Bank board has accepted Shikha Sharma’s request to shorten her new three-year term till December 2018.
Wipro said net income to see 65-75bps impact in fourth quarter as one of its client filed for insolvency.
ICICI Bank: Fitch has said that allegations pose reputational risks and will take appropriate action if risks to reputation and financial profile rise.
Max Financial board approved proposals received from KKR, Standard Chartered Bank and TPG Global to acquire life insurance unit.
RBI allowed raising FPI limit in Future Supply Chain to 49% from 24%.
Gravita India started commercial production of PPCP Granules at its Andhra Pradesh plant.
HDFC raised Retail Prime Lending Rate (RPLR) by 20bps effective from April 1.
IDFC Bank has cut MCLR across all tenors by 5bps effective April 8.
Indian Bank has raised MCLR across all tenors by 10-15bps.
Unitech has submitted a list of assets as directed by SC.
SpiceJet said that it is not considering a partnership with a foreign airline to bid for Air India.
Airtel introduces 300 Mbps home Broadband plan for Rs2,199.
Merrill Lynch buys ICICI Bank shares worth Rs823cr.
Neuland Labs to issue 16.75 lakh equity shares via QIP; proceeds to be used for debt repayment and business growth.
Dalmia Bharat said it will fight against Binani in Supreme Court, as per Bloomberg report.
Nirlon Ltd promoter Shital Trading & Interiors sold 7,100 shares from March 12 – 22.
Deepak Fertilizers Promoter Nova Synthetic acquired 20,000 shares on April 4.
Avadh Sugar promoters acquired 95,000 shares from April 5 – 6.