Top stocks in focus: Infosys, Sun Pharma, Cadila, Airtel

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

Jan 14, 2019 02:01 IST India Infoline News Service

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Infosys board approved buy back worth Rs8,260cr at a share price of not more than Rs800 per share involving 2.36% equity and the tech company also declared a special dividend of Rs4 per share. 

Sun Pharma said commercialization of Xelpros has triggered $10mn payment and sales linked royalties to Sun Pharma Advanced Research Company. The research company had licensed Xelpros to Sun Pharma in June 2015.

Bharti Airtel agreed to reduce its stake in its Tanzanian unit to 51% from 60% after months of negotiations with the government, which accused the operator of acquiring the initial shareholding illegally, as per media reports.

Yes Bank named Brahm Dutt as the part-time chairman. Reserve Bank of India approved his appointment up till July 04, 2020 vide its letter dated January 11.

BLS International announced expansion of operations for Attestation and Apostille services following the renewal of its contract with Ministry of External Affairs. The company said that it will add 11 cities to its profile because of the renewal of the contract.

KNR Constructions’ arm received financial closure from NHAI for projects in Tamil Nadu and Andhra Pradesh worth Rs22,121cr.

Shakti Pumps extended its production shut down till January 12. The company’s operation has been shut down since January 9 due to labor contractor issues.

IL&FS Engineering and Construction stock in focus as Gujarat Metro Rail Corporation terminated contract with company for construction of metro rail corridor in Ahmedabad citing slow progress.

Zydus receives final approvals from the USFDA for Betamethasone Dipropionate Cream and Amlodipine & Atorvastatin Tablets.

Adani Green Energy acquired balance 51% equity of Kodangal Solar Parks Private Limited (KSPPL) from FS India Devco Private. With this acquisition, KSPPL has become wholly-owned subsidiary of the company.

Suzlon Energy has completed sale of securities of Rudra held by the company to AMP Ventures for Rs14cr and accordingly Rudra has ceased to be a subsidiary of the company.

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