Stocks to watch: Tech Mahindra, Wipro, Jay Shree Tea, Coromandel International

MUMBAI: India’s top outsourcing vendors Tech Mahindra and Wipro, apart from multinational rivals IBM and HP, are currently in discussions with Telecom Corp, New Zealand’s biggest phone firm, for a contract potentially worth up to $1 billion.

BK Birla-controlled Jay Shree Tea & Industries (JTIL) is snapping up tea companies in the dark continent. It will soon acquire 100% ownership in Uganda-based Kijura Tea through its investment arm, Birla Holdings, Dubai.

Coromandel International has entered into a share purchase agreement with the promoters of Pasura Biotech to acquire 100% shareholding in Pasura. The latter is engaged in formulation of pesticides and has a plant in Jammu in the State of Jammu & Kashmir.

Infinite Computer Solutions has bagged Rs 125 crore deal for restructured accelerated power development reform programme (R-APDRP) with Uttarkhand Power Corporation.

Jumbo Bag has received Letter of Intent from Indian Oil Corporation to market their polymers, Polypropylene and Polyethylene, as Del-Credere Associate / Consignment Stockist in TamilNadu and Pondicherry.

Results diary: IDFC, Yes Bank, Dena Bank, Glaxosmithkline Pharma, JSW Energy, Power Finance Corp, Piramal Life Sciences, Raymond, Aventis Pharma, Petronet LNG, Welspun Gujarat, Shree Renuka, Ispat Industries, Sobha Developers, Selan Exploration, Peninsula Land, Idea Cellular, ARSS Infra, Gillette India, Motilal Oswal