Stocks in news: Tata Power, Bharti Airtel, Bafna Pharma, United Spirits
Stock-specific action is expected in the following stocks on the back of newsflow.
By ET Online | Updated:
MUMBAI: The Indian markets are likely to open on a weak note in absence of fresh buying after the sharp rally in previous session and lack of cues from global peers.
However, stock specific action is expected in the following stocks on the back of newsflow.
Tata Power, Adani Power and NTPC are among nine power firms in the fray for the new Rs 25,000 crore ultra mega power project at Bedhabahal in Odisha, signaling a satisfactory response to the giant project after private companies expressed grave doubts about bidding norms.
The nine companies including Larsen & Toubro, Jindal Power, JSW Energy and Sterlite Energy have submitted technical bids for the project.
US-based generic drug maker Mylan and two Indian pharma companies are in the race to acquire Chennai-based Bafna Pharmaceuticals, which makes haemoglobin drug 'Raricap' among other products, said two people privy to the transaction.
Bharti Airtel is looking to raise up to $1 billion by selling bonds mainly to European investors as India's largest telco seeks to boost its coffers in preparation for upcoming spectrum auctions and for potential acquisitions, several people familiar with the mattertold ET.
Diageo, the world's biggest scotch whiskey distiller, has offered to sell most of the Whyte & Mackay business to ease competition concerns stemming from its acquisition of controlling interest in Vijay Mallya-controlled United Spirits.
Lighting company Surya Roshni is entering into the fan market and is targeting Rs 400 crore in revenue from this segment over the next four years. The company plans to launch a range of ceiling, table, pedestal, wall mounted and exhaust fans.
Chennai-based supply chain management company Redington India will sell non-banking finance arm Easyaccess Financial Services, which the Street viewed as a major overhang, to its promoter Harrow Investment Holding in a transaction that could fetch it up to Rs 288 crore.
Redington, which among other things distributes Apple's iPhone in India, on Monday sought shareholder approval for either a 75% stake sale in Easyaccess, for Rs 215 crore, or a 100 per cent sale for Rs 288 crore.
However, stock specific action is expected in the following stocks on the back of newsflow.
Tata Power, Adani Power and NTPC are among nine power firms in the fray for the new Rs 25,000 crore ultra mega power project at Bedhabahal in Odisha, signaling a satisfactory response to the giant project after private companies expressed grave doubts about bidding norms.
The nine companies including Larsen & Toubro, Jindal Power, JSW Energy and Sterlite Energy have submitted technical bids for the project.
US-based generic drug maker Mylan and two Indian pharma companies are in the race to acquire Chennai-based Bafna Pharmaceuticals, which makes haemoglobin drug 'Raricap' among other products, said two people privy to the transaction.
Bharti Airtel is looking to raise up to $1 billion by selling bonds mainly to European investors as India's largest telco seeks to boost its coffers in preparation for upcoming spectrum auctions and for potential acquisitions, several people familiar with the mattertold ET.
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Diageo, the world's biggest scotch whiskey distiller, has offered to sell most of the Whyte & Mackay business to ease competition concerns stemming from its acquisition of controlling interest in Vijay Mallya-controlled United Spirits.
Lighting company Surya Roshni is entering into the fan market and is targeting Rs 400 crore in revenue from this segment over the next four years. The company plans to launch a range of ceiling, table, pedestal, wall mounted and exhaust fans.
Chennai-based supply chain management company Redington India will sell non-banking finance arm Easyaccess Financial Services, which the Street viewed as a major overhang, to its promoter Harrow Investment Holding in a transaction that could fetch it up to Rs 288 crore.
Redington, which among other things distributes Apple's iPhone in India, on Monday sought shareholder approval for either a 75% stake sale in Easyaccess, for Rs 215 crore, or a 100 per cent sale for Rs 288 crore.
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