Top stocks in focus today: ITC, Yes Bank, Biocon, Airtel
Cigarette companies stock in focus as the GST rate on Cigarette filter rods has been increased from 12% to 18%.
ITC plans to add 5,000 rooms across new hotels over the next 3-5 years, as per the media sources. With this the company plans to set up its first overseas property at Colombo in Sri Lanka.
RBI hikes foreign investment limit in Healthcare Global to 100% from 24% earlier.
Alembic board to consider buyback of shares on Jan. 23.
Yes Bank announced a 22% annual growth in net profit at Rs1,076.9cr for the quarter ended December 2017.
Biocon enters into a global partnership with Sandoz to develop, manufacture and commercialise multiple biosimilars in immunology and oncology.
Airtel third-quarter net profit fell 39%, missing estimates and dropping for the seventh straight quarter, as a cut in interconnection usage charges compounded the pressure on its voice and data businesses amid the continuing market disruption by Reliance Jio Infocomm.
The board of IL&FS Transportation Networks, part of the IL&FS Group, has given nod for issuance of masala bonds worth up to Rs2,000cr, besides USD-denominated bonds of up to $500 million.
Savita Oil Technologies to consider share buyback on Jan. 23.
Torrent Pharma acquires U.S.-based generic pharmaceuticals Bio-Pharma Inc.
Tech Mahindra to acquire 17.5% shares of Altiostar on a fully diluted basis.
Adani Enterprises to rejig gas distribution ops, list arm Adani Gas.
Allahabad Bank seeks bids to sell 55 NPAs worth Rs9 bn.
Torrent Pharma acquires Bio-Pharm Inc, a generic pharma and OTC company.