Top stocks in focus today: HCL Tech, RCom, Coal India, Glenmark Pharma, IOC
Amtek lenders panel approves resolution plan by Liberty House.
Coal India forecast Rs9,500cr capex target for FY19E.
Indian Oil acquired 17% stake in Mukhaizna oil field in Oman from Shell for $329mn.
Sona Koyo said that the promoter JTEKT Corp proposed to sell 35.14 lakh shares (1.8%) via an offer for sale at Rs85 per share.
Indivior filed patent lawsuits against Dr. Reddy’s, Actavis, Par, Alvogen and Teva.
Sagar Cements acquired two mini hydel power plants in Andhra Pradesh.
HCL Tech acquired life sciences and consumer services provider C3i solutions for $60mn.
Majesco said that Tier I specialty insurer has signed 3-year agreement for application management services with company.
Kridhan Infra won an order worth Rs134cr in Singapore.
Reliance Communication hopes to cut debt by Rs25,000cr after Supreme Court allowed asset sale.
Sobha said that the new sales volume in fourth quarter up 40.4% at 10.15 lakh square feet from 7.23 lakh square feet earlier. New sales value up 30% and price realizations down 7.5%.
InterGlobe Aviation to not bid for Air India under current divestment plan.
MIDHANI and ICICI Securities added to BSE IPO Index.
Glenmark Pharma is recalling more 109,080 bottles of anti-inflammatory Indomethacin capsules (USP, 50 mg, 100-count bottle) from the US market, as per the latest Enforcement report of the US regulator. The recall is due to incorrect instructions on the labeling.