Top stocks in focus: Jubilant Life, Mindtree, Jet Airways, RCom

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Mar 20, 2019 07:03 IST India Infoline News Service

Stock Market
The employee welfare trust of Jubilant Life Sciences is selling its 2.2% stake in the company for about Rs268cr through block deals on Wednesday, as per media report.

Jet Airways
grounded additional six aircrafts due to non-payment of amounts outstanding to lessors, SBI is said to have started looking for other potential buyers for Jet Airways as meeting with Etihad remained inconclusive, as per media reports.

MindTree to consider the proposal to buyback its shares today.

ONGC said it will consider interim dividend on March 23. Its record date set on March 27.

Reliance Communication
clarified that NCLAT did not pass any orders on the use of tax refunds for payment to Ericsson, but the matter has become infructuous in view of the full payment to Ericsson yesterday as per separate intimation already sent to stock exchanges.

Colgate Palmolive India said it will consider dividend on March 29. Record date set as April 8.

Rallis India received a letter from pollution control board directing the company to suspend its operations at one of its unit in Gujarat caused by a flash fire during transfer operations.

DLF arm announced second joint-venture with Hines for developing a high-end commercial project in Gurugram. The arm will hold 67% stake while Hines will hold the remaining stake.

IDBI Bank board approved continuation in office by fresh appointment of Rakesh Sharma as Additional Director and MD, CEO of the bank for three years with effect from March 19.

Bodal Chemicals completed the expansion of Dyestuff plant by 6,000 MTPA. After the said expansion, the total capacity of Dyestuff plants of the company stands at 35,000 MTPA, excluding Liquid Dye Stuff.

Muthoot Capital Services completed the securitization of Rs236.36cr on March 15. With this transaction, the company has so far raised Rs749.2cr through securitization during the financial year 2019.

Fortis Healthcare board approved the appointment of Dr Ashutosh Raghuvanshi as MD and the CEO of the company with immediate effect for a period of three years.

Newgen Software Technologies receives the patent for its invention- Integrated and Automatic Generation of Carbon Credits.

The Reserve Bank of India has moved the National Company Law Appellate Tribunal (NCLAT) over the order passed regarding classification of debt of IL&FS group companies as NPA. 

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