Top Stocks in Focus Today – Sun Pharma, RCom, Tata Motors, Power Grid
Sun Pharma is acquiring Odomzo, from Novartis for an upfront payment of $ 175 million and additional milestone payments.
Redington incorporates Rajprotim Supply Chain Soln expand supply chain business.
Tata Metaliks completes scheme of amalgamation with Tata Metaliks DI Pipes.
Jet Airways plans to raise $ 100 million, or almost Rs 6.80 billion, in US dollar-denominated debt by March 2017 to refinance rupee-based loans, so that it can almost halve its borrowing rate.
Tata Motors, Tata Motors DVR EGM: Nusli Wadia removed as Director of Company.
Nearly 90% of the shareholders present at the Indian Hotels EGM voted in favour of removing Nusli Wadia as the independent director of the company. Only 9.20% voters backed Wadia.
Sun Pharma Advanced Research Company said the US health regulator has not approved its new drug application for Xelpros, a preservative-free eye drop.
Apar Industries commences production of Conductors at Odisha.
Phoenix Mills subsidiary Island Star Mall Developers (ISML) has entered into a non-binding pact with Canada Pension Plan Investment Board (CPPIB) to acquire up to 49% in ISML over three years.
Suzlon Energy signs pact with AMP Solar, Rudra Solarfarms.
Moody’s Investors Service said that Reliance Communications’ ratings will “remain on review for downgrade” despite the company signing an agreement with Canada-based Brookfield Infrastructure to sell its tower assets.
Hinduja Ventures Board approves company’s subscription to 16.6 lakh rights shares.