Wednesday 7 December 2016

TOP STOCK IN FOCUS TODAY

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Suven Life Sciences has been granted a patent in India for a drug used for the treatment of neuro-degenerative diseases.

PVR has partnered with South Korea’s CJ 4DPLEX to add another 10 4DX screens to its network in major cities like Bengaluru and Mumbai.

The capacity of Coromandel International Ltd's fertiliser unit is being expanded from 700tpd to a 1,000tpd and the public hearing for the purpose is being held on the factory premises at Sriharipuram.

State Bank of Travancore (SBT) said it will raise up to Rs 6 bn through issuance of Basel-III-compliant additional tier-I bonds on private placement basis.

Sun Pharmaceutical said the US health regulator has informed the company of more concerns found at its Halol manufacturing plant after a recent inspection.

Ashoka Buildcon, through its power division, has won rural electrification projects worth Rs9.50bn in Bihar.

NTPC has struck coal at its first coal mine. 

Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corp signed a pact to build India's biggest oil refinery at a cost of USD30bn on the west coast.

The government has initiated a probe into Reliance Industries and Oil and Natural Gas Corp having knowledge as early as in 2003 of state-owned firm's natural gas flowing into adjoining fields of RIL in KG Basin. 

CERC has passed an order and granted relief measures to Tata Power in compensatory tariff case for force majeure event. 

Adani Transmission Limited (ATL) executed the share purchase agreement (SPA) with Reliance Infrastructure Limited (R-Infra) for 100% acquisition of the latter's Western Region System Strengthening Scheme's (WRSSS) transmission assets.

The US Food and Drug Administration (USFDA) has issued form 483 with five observations against Divi's Laboratories' unit at Chippada Village in Visakhapatnam of Andhra Pradesh following an inspection, which concluded on December 6.

Laurus Labs Ltd. IPO subscribed 0.61 times on Day 2; QIB Portion Fully Subscribed.

Hindustan Zinc enters solar energy biz, to invest Rs 630 crore.

BPCL, IOC sign consortium agreement to set up West Coast Refinery and Petrochemical project.
Bharti Infratel: Buyout specialists KKR and Canada Pension Plan Investment Board are together the strongest contender to take over the company. 
Canara Bank has cuts its marginal cost of funds-based lending rates (MCLR) across tenures.
Crompton Greaves informed that a deal to sell overseas transmissions and distribution business to a US private equity fund First Reserve International for 115 mln euro has been terminated.

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