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Top stocks in focus today: Persistent Systems, Fortis Healthcare, Hindustan Aeronautics, Biocon

These companies will be in focus during trade today based on recent and latest news developments.

Persistent Systems has informed the exchanges that it is expecting a decline in IP revenues for Q4FY18, which is about to wrap up shortly.

Hindustan Aeronautics shares to start trading on BSE, NSE.

Mylan and Biocon receive approvals from the European Commission and TGA Australia for semglee, biosimilar insulin glargine.

Fortis Healthcare has announced that it will demerge its hospitals business into TPG backed Manipal Hospitals. Manipal will also buy Fortis’s stake in the diagnostics business SRL.

IDBI Bank raised Rs7,881cr through capital infusion from the government. This would allow the bank to agree on the haircuts needed to achieve successful resolution by state-owned banks in resolving the bad loan problem and meet the new capital adequacy norms by FY19E.

MEP Infrastructure Developers said it has won projects worth Rs2,921.8cr in Maharashtra through a JV with Long Jian Road & Bridge Company.

Reliance Industries to sell select Eagle Ford shale assets in the U.S. for $100mn.

SBI  allots shares to the government for Rs8,800cr capital infusion.

GSK Consumer says the parent is initiating a ‘strategic review’ of Horlicks, other products and 72.45% shareholding in the company.

Indoco Remedies gets seven observations (three critical and four major) for Goa drug manufacturing plant from UK-MHRA.

Mahindra & Mahindra said it will form a JV with Sri Lanka’s Ideal Motors to assemble vehicles in the island nation.

MT Educare allots 3.19cr equity shares at Rs62.57 per share to Zee Learn.