Top stocks in focus: DHFL, Cimmco, Tata Motors, Lupin

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

Jun 06, 2019 08:06 IST India Infoline News Service

DHFL Ltd.’s commercial papers were downgraded to ‘D’ (Default) by CRISIL and ICRA owing to liquidity concerns. This comes a day after the non-bank lender delayed interest payments to investors.

Promoter Titagarh Wagons said it plans to sell 4.49% stake in Cimmco at Rs29 per share aggregating to Rs3.6cr.

Tata Motors said that the JLR and BMW announce collaboration for next generation electrification technology.

NCLT approved the merger of SBI Business Process Management Services and SBI Cards Payment Services.

Aurobindo Pharma Ltd. said it had received Form 483 with ten observations from USFDA for its formulation manufacturing facility in Hyderabad.

Japan’s PMDA completed inspection of Lupin’s Mandideep facility with no critical or major observations. The inspection was conducted between May 14-19.

ICICI Bank Ltd. clarified on Fitch’s downgrade and said that all ratings for the bank were unsolicited. The release also states that the issuer did not participate in the rating process, or provide additional information, beyond the issuer's available public disclosure. Thus, the event was not reported to exchanges.

Natco Pharma filed ANDA with the USFDA for generic version of Bosentan tablets (Tracleer) for the US market.

HEG Ltd. to increase stake in Bhilwara Energy Ltd. from 29.48% to 49%.

PSP Projects received new work order worth Rs155.6cr so far during FY20.

Wipro signed definitive agreement to acquire International TechneGroup.

Indoco Remedies received USFDA issues 4 observations after inspection of facility in Goa.

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