Top stocks in focus: RIL, Tech Mahindra, TCS, Bajaj Finance

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

Sep 06, 2019 02:09 IST India Infoline News Service

Tech Mahindra announced the expansion of its strategic collaboration with AT&T to accelerate AT&T’s IT network application, shared systems modernization and movement to the cloud.

Rating agency CRISIL has given "CRISIL A1+" rating on Sundram Fasteners' short-term debt and commercial paper.

Tata Consultancy Services has announced that it has expanded its strategic partnership with Posten Norge AS, a Nordic postal and logistics group, to build a digital stack that will enable product innovation and a superior customer experience.

Bajaj Finance to consider raising funds via QIP issue on Sept. 17.

Sun Pharma clarified that SEBI had ordered forensic audit with respect to financial statements for financial years 2016, 2017 and 2018, which are presently underway. The company said that it has always sought to comply with regulatory obligations.

Prabhat Dairy's Board of directors to consider delisting of shares from the bourses on Sept. 10. The promoters intent to acquire 49.9% stake from the public shareholders and then go for voluntary delisting. At present, they hold 50.1% stake in the company.

CARE Ratings has given 'CARE BBB' rating with 'stable' outlook on Maral Overseas' long term bank facilities and 'Care A3+' on short term bank facilities of the company.

Hinduja Global Solutions announced it has recovered $1 billion in denied insurance payments on behalf of healthcare systems.

NSE has sought clarification from Unitech with respect to recent news item captioned 'pay Rs2,734cr in 15 days or else lose land in Noida, Authority to Unitech'. The response from the Company is awaited.

National Company Law Tribunal (NCLT) approved JSW Steel's Rs19,700cr bid for Bhushan Power & Steel.

Hexaware Technologies, in a regulatory filing said it has been listed as a 'strong performer' in API strategy and delivery by Forrester Research, an American market research company.

Edelweiss Financial Services said its subsidiary ECL Finance and State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises(MSMEs).

Havells, on September 5, launched India’s first complete square‐shaped pedestal fan‐ ‘Aindrila’.
Reliance Industries: Reliance Jio has announced the commencement of JioFiber with effect from Sept. 5. Broadband speed to start from 100 Mbps to 1 Gbps. In the welcome officer a Jio Fiber user gets TV, 4K set top box, OTT app subscription n unlimited data and voice/video calling. Monthly prepaid tariffs start from Rs 699 to Rs 8499. For long term plans users will have access to three, six and 12 m

NDTV: Bombay High Court has set aside SEBI’s orders which were passed in August 2017. The company’s writ petition challenged order passed by SEBI in which the authority it rejected settlement applications filed by the company in the alleged delayed disclosure of Rs 450 crore disputed tax demand and other alleged non-disclosures. High Court has condoned delay in filing of the settlement application

Videocon Industries: The National Company Law Tribunal has directed State Bank of India to maintain status quo on its plan to sell upstream oil and gas assets of the Group located in Brazil and Indonesia.

L&T Finance Holdings' Board to consider raising up to Rs100 crore via non-convertible preference shares on Sept. 11.

Bank of Baroda reduced MCLR across various tenors by five basis points with effect from Sept. 7. One Month MCLR at 8.1% and One Year MCLR at 8.4%.

Karur Vyasa Bank revised its MCLR across various tenors with effect from Sept. 7. Base Rate at 9.7 percent, one-month MCLR at 8.35% and one-year MCLR at 9.45%. Bank has also executed an agreement with ICICI Lombard General Insurance to sell non-life insurance products.

DHFL defaulted in payment of non-convertible debentures interest worth Rs 1.4 crore which were due between Sept. 3-4.

NCC: Sundaram Group decreased stake from 5.16 percent to 2.77% in the company.

Maruti Suzuki: European Commission cleared the acquisition of joint control over a newly created plant, by Toyota Tsusho India Pvt. Ltd., its parent Toyota Tsusho Corporation, and Maruti Suzuki India Ltd., according to European Commission’s statement.

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