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Top Stocks in Focus Today – Tata Steel, Sun Pharma, ONGC, Maruti, Cipla

Tata Steel made a 10-year commitment to a GBP 1 bn investment plan as part of its crucial talks with steelworkers’ unions to save thousands of jobs in the UK.

KKR and pension giant Canada Pension Plan Investment Board (CPPIB) have emerged as the strongest contender to take over Bharti Infratel, after the two week long deadline for exclusive talks with another Canadian financial powerhouse Brookfield Asset Management Inc. ended inconclusively last Friday.

Oil and Natural Gas Corporation (ONGC) is seeking a 15-year extension of its licence to operate an oil block in Sudan after the initial contract expired last month.

Cipla has received final approval from the American health regulator to market Entecavir tablets used for treatment of Hepatitis B infection.

Bharti Airtel unveiled unlimited voice calls and more 4G data under a new plan, to take on rival Reliance Jio that recently extended its free services.

Praj Industries has signed agreements with Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) to set up three bio- ethanol plants in Gujarat, Haryana and Odisha.

Larsen & Toubro continues with its annual hiring programme despite undertaking the biggest corporate layoff recently.

Aimed at matching Rel Jio tariff rates, Idea Cellular announced two schemes to provide free calls to its pre-paid customer bundles with limited mobile internet service.

Sun Pharma receives no repeat from USFDA post observation of Halol Unit.

Gujarat Ambuja Exports considers share buyback on December 13.