VRL Logistics Ltd., Gati Ltd., other logistics services operators will be in focus after Lok Sabha, the lower house in Parliament approved four goods & services tax (GST) bills.
Alkem Laboratories Ltd:
Alkem Laboratories Ltd., the drug maker, will be in focus after it received establishment inspection report (EIR) from the US health regulator on the closure of its inspection at its API facility at Ankaleshwar in Gujarat.
Axis Bank Ltd:
Axis Bank Ltd., the private lender will be in focus after it forged ties with Wells Fargo, the third largest American bank by assets, to offer real time remittances from the Indian diaspora to their relatives back home. Under this arrangement any member of the Indian diaspora holding an account with Wells Fargo will be able to transfer money to their relatives back home and there will be no transaction fee applicable to the money transfers from USA.
Bharti Airtel Ltd:
Bharti Airtel Ltd., the largest listed telecom operator, will be in focus after S&P Global Ratings on Wednesday said its rating remian unaffected by the company's plan to sell 10.3T stake in its tower arm, Bharti Infratel Ltd. The deal will help improve its financial ratios, the report said.
Berger Paints (I) Ltd:
The paint maker will be in focus after its British paints division commenced commercial production of paints and putty plant at Nalbari, Assam.
Deepak Nitrite Ltd:
The producer and supplier of organic, inorganic and fine Chemical will be in focus after Telangana State Pollution Control Board revoked closure order issued in respect of one of the three units situated at Hyderabad.
Future Lifestyle Fashions Ltd:
Future Lifestyle Fashions Ltd., the Kishore Biyani group company, will be in focus after it transferred its Lee Cooper business to a wholly-owned arm Future Speciality Retail Ltd by way of a slump exchange on a going concern basis.
Kotak Mahindra Bank Ltd:
Kotak Mahindra Bank Ltd., the private lender will be in focus after it said that the reports of it acquiring an NBFC are speculative, but hinted it's interested in consolidation drive and termed the pile of stressed assets in the system as a growth area.
Minda Industries Ltd:
The automotive component maker will be in focus after successfully raising Rs 3.00 billion through qualified institutional placement (QIP). The fund raised thorugh QIP issue will be used for capex and ongoing consolidation purpose.
NHPC Ltd., the state-owned power generator, will be in focus after the government sold equity shares worth Rs 19.50 billion under buyback issue of the company. The Central government has sold 604.8 million equity share, according to the statement to exchanges today.
Reliance Industries Ltd:
Reliance Industries Ltd (RIL), the Mukesh Ambani led largest integrated refiner, will be in focus after it completed sale of its entire 76% interest in its East African company GAPCO to Total SA of France for an undisclosed sum.
Siemens Ltd., the power equipment maker, will be in focus after it won an order worth Rs $520 million from Power Grid Corporation in a consortium with Sumitomo Electric Industries for supply of a high-voltage direct current (HVDC) transmission system.
Tata Motors Ltd:
Tata Motors Ltd., the owner of Jaguar Land Rover (JLR) luxury brand will be in focus after it signed a landmark agreement with Pune plant workers on Tuesday, to bring 15-20,000 blue collar factory workers to a wage structure that is performance-linked. The company concluded a long-term wage settlement agreement with its Pune workers Union that covers 6,400 workers, after 19 months of negotiations.
Thermax Ltd., the Pune based affluent treament plants provider, will be in focus after its step subsidiary in Denmark agreed to acquire 100% stake of Barite Investments, Poland.
Yes Bank Ltd:
Yes Bank Ltd., the privately held lender, will be in focus after it announced that the Capital Raising Committee of the board of directors at its meeting held on March 29 has approved issue price of Rs 1,500 per equity share for issuance of 32.71 million equity shares to QIBs.