Infosys Ltd., Wirpo Ltd., HCL Technologies Ltd., other software services exporters will be in focus after the US President Donald Trump signed an executive order that seeks to make changes to a visa programme. The order is for reviewing the H1-B visa policy and would disallow visa being awarded to lower-paid jobs at outsourcing firms. H1-B visa would be given only to high-skilled personnel.
Software services co:
Allahabad Bank:Allahabad Bank, the satet owned lender, will be in news after it proposed preferential issue of equity shares to Government of India agreegating Rs 4.18 billion.
Coal India Ltd:Coal India Ltd., the state owned largest coal miner, will be in focus after it issued clarification to the exchanges with respect to media reports on quality concerns. The company said coal is a heterogeneous mineral, susceptible to qualitative variation particularly in Indian context because of its origin and formation.
Indiabulls Real Estate Ltd:Indiabulls Real Estate Ltd., the infrastructure compnay will be in focus after the company's trading data is been watched by NSE following reports of alleged manipulation. Shares of the company have seen significant volatility in trading sessions in two days.
IndusInd BankIndusind Bank., the non-state run lender will be in focus ahead of release of financial perforamnce for the quarter ended March 31, 2017 on Monday.
Nestle India Ltd:
Nestle India Ltd, the maggi noodles maker, will be in foscus after it has collaborated with Google and Paytm's e-commerce platform 'Paytm Mall' to roll out promotions for new variants of Maggi noodles. Paytm Mall has created a special Maggi brand store to sell 'Maggi Masalas' from April 22 and Google will run an online contest for consumers to guess the new flavours by choosing the correct options and submitting their votes.
National Aluminium Company (Nalco):National Aluminium Company Ltd (Nalco), the state-owned aluminium maker, will be in focus as the Government commences divestment of up to 10% stake in the company today. The government is likely to mop up over Rs 6 billion. In an exchange filing Nalco informed that the promoters will sell 5% aggregating 96.7 million equity shares, through an offer for sale (OFS).
NTPC Ltd:NTPC Ltd., the state-owned largest thermal power producer, will be in focus after it decides to consider pooling fixed charges for all its coal and gas based projects in a move that it claims will help maximise output from stations that generate low-cost electricity and reduce consumer tariffs.
NBCC Ltd., the state-owned real estate developer, will be in focus after it signed an agreement with Poland's Bolix to import a building solution technology that could save energy consumption by up to 35% for its projects.
SPML Infra Ltd:SPML Infra Ltd., the infrastructure developer, will be in focus after the Prime Minister Narendra Modi along with Vijay Rupani, Chief minister of Gujarat inaugurated the completion of Phase-I of SPML Infra Project - Saurashtra Narmada Avtran Irrigation (SAUNI Yojana) on 18 April 2017 in Botad, Gujarat by formally releasing Narmada water in Krushna Sagar dam.
Sasken Technologies Ltd:Saskeen Technologies Ltd., the engineering and digital transformation services provider, will be in focus ahead of release of financial perforamnce for the quarter ended March 31, 2017 on Monday.
Tata Consultancy Services Ltd:Tata Consultancy Services Ltd., the largest exporter of software services will be in focus after it posted 2.51% quarter on quarter fall in bottomline figures at Rs 66.08 billion for the quarter ended March 31, 2017. It had posted a net profit of Rs 67.78 billion in the sequential quarter ended December 31, 2016. Net profit of the company jumped 4.23% on year.
Tata Steel Ltd:
Tata Steel Ltd., the largest private integrated steel maker, will be in focus after it agreed to pay $663 million to its UK pensioners as a one-time settlement under a rarely used scheme, called the Regulated Apportionment Arrangement (RAA).