Top stocks in focus: Tata Chemicals, Tata Global Beverages, Hindalco, Bajaj Fin

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

May 16, 2019 02:05 IST India Infoline News Service

The Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations. Tata Chemicals Ltd. will demerge its food business to Tata Global Beverages Ltd. Shareholders will get 114 shares of Tata Global for every 100 held in Tata Chemicals.

Union Bank board approved a capital plan for the Bank for the financial year 2020. To raise total capital funds up to Rs6,000cr in form of equity or tier-1 bonds and raise equity capital up to Rs6,000cr.

Goa Carbon's April production up 18% at 16,865.5 MT vs. 14,347.2 MT

Nava Bharat Ventures said that Zambian arm realized over 70% of total amounts billed since synchronization of the power plant with the grid and debt of the arm has reduced by 25% as on March 31.

IFB Industries completed the transaction of acquisition of Industrial Laundry Equipment business from Ramsons Group.

Balaji Amines received consent to operate by Pollution Control Board for expansion of existing products and addition of four new products at its Maharashtra Unit at MIDC Chincholi.

Himachal Futuristic acquired Raddef Pvt. Ltd. for Rs90,000. HFCL to make further investments worth Rs20cr in this acquired unit. HFCL also looking to increase its optical fiber cable capacity by 35 lakh kilometer.

Zuari Agro Chemicals said that one of its two Granulation plants will be shut down till further intimation. This after the evaluation of market conditions and inventory position.

Results today: Bajaj Finance, Bajaj Finserv, Hindalco Industries, JSW Energy, Jubilant Industries, JK Tyre & Industries, Arvind Fashions, Bank of India, Gabriel India, Blue Dart Express, Chambal Fertilizers & Chemicals, DB Corp, Minda Industries, Dhampur Sugar Mills.

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