Stocks to watch: ICICI Bank,Tata Power, Reliance Infra,Piramal Healthcare,Infomedia 18,Atlanta,Glenmark

Prodded by the Reserve Bank of India, the Tayals, who control Bank of Rajasthan, have begun talks with large private sector banks for a possible merger.

The promoters of BoR have had preliminary discussions with India’s second-largest lender, ICICI, and a few other banks to explore the possibility.

The Maharashtra government’s cabinet sub-committee on power is scheduled to meet on Thursday to resolve the Tata Power-Reliance Infrastructure row over supplying electricity in Mumbai.

Roche, a Swiss drugmaker, lost the patent in India on its anti-viral drug Valcyte, widely used by AIDS patient. The ruling would help local generic makers, like Ranbaxy Laboratories and Cipla, launch cheaper copycat version of the drug in the local market.

Piramal Healthcare-owned diagnostic chain has closed down its laboratory in Delhi and laid off about 60 people last week. The unit has been making losses for the past few years and that has led to its closure, say reports.

Infomedia 18, a Network 18 group company, has sold its 100 per cent stake in Glyph International, to a subsidiary of Cenveo, a US-based provider of content management.

Atlanta led consortium has received order amounting to Rs 99.90 crore from Madhya Pradesh Road Development Corporation.

Glenmark Generics Inc, a subsidiary of Glenmark Generics, has entered into an exclusive license and supply agreement for a branded product with Taro Pharmaceuticals, USA, a subsidiary of Taro Pharmaceutical Industries.