Top stocks in focus today: Federal Bank, BSE, Max Ventures
Max Ventures and Industries’ board has approved raising Rs450cr by way of rights issue.
The Board of IDBI Bank has approved the proposal for preferential issue of capital to government of India up to Rs2,729cr, subject to statutory and regulatory approvals.
IndiGrid says that the Board of Sterlite Investment Managers acting as the investment manager of the trust has approved a distribution per unit of Rs2.89 per unit for third quarter of the fiscal.
Lupin plans to come up with regular product launches every 3-4 months and aims to be present across all the major OTC product categories.
Federal Bank reported a gross non-performing asset ratio of 2.52%, higher than 2.39% registered in the previous quarter. The bank reported a net profit of Rs260cr, above analysts’ estimate of Rs240cr.
Tech Mahindra said it has partnered with Israeli firm ContextSpace Solutions to develop the world’s first global software privacy ecosystem, MyData Shield.
BSE approves buyback of 15 lakh shares at Rs1100.
SBI to put Rs382cr soured education loans on sale.
Seamec bags contract worth $ 1.26 million from L&T Hydrocarbon for deployment of its vessel.
IMP Powers receives an order for manufacturing turbines from Germany’s Smart Hydro Power GmbH for a period of 20 years.
Zee Music in pact with Amazon Prime to provide music content.
Bharat Bijlee to receive Rs46.79cr from MIDC towards the acquisition of land situated at Navi Mumbai.
RattanIndia Power says joint lenders forum has submitted the S4A Scheme to the overseeing committee.