Here are a few stocks, which may buzz the most in today's trade.
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Nifty futures on the Singapore Exchange were trading 4 points, or 0.03 per cent, down at 11,588, indicating a flat start with negative bias for the Nifty50. Here are a few stocks, which may buzz the most in today's trade: Mindtree: The board of Mindtree, which Wednesday deferred a decision on share buyback, will meet again on March 26 even as it faces a Rs 10,800-crore hostile takeover bid from L&T.
IL&FS Transportation Networks: IL&FS Transportation Networks, a group company of the troubled IL&FS group, has defaulted on payment of Rs 20.91 crore due on principal and interest of non-convertible debentures (NCDs) because of insufficient funds.
Infosys: IT company Infosys has signed a three-year partnership agreement with Roland-Garros to provide technology solution for tennis tournament The French Open, also called Roland-Garros.
Power Finance Corporation: State-owned Power Finance Corporation Wednesday said it will acquire the entire 52.63 per cent shares of the government in REC for Rs 14,500 crore by the month-end, a move that will help the centre to meet its disinvestment target.
Bajaj Auto: Bajaj Auto and Austria's Pierer Industrie AG have started discussions to assess the possibility of transferring Bajaj’s 48 per cent stake in KTM AG to KTM Industries AG, with the Pierer-Group continuing to retain the controlling majority over KTM Industries AG, according to a report by PTI. Jubilant Life Sciences: The company on Friday informed bourses that the USFDA has classified Nanjangud facility as Official Action Indicated. The USFDA also stated that the facility might be subject to a cGMP regulatory or enforcement action based on this inspection, and that FDA could withhold approval of any pending applications or supplements in which this facility is listed.
Maruti Suzuki:Credit Suisse has cut the target price for Maruti Suzuki to Rs 6,100 from Rs 6,800, citing weakness in demand.
Punjab National Bank: Punjab National Bank (PNB) has been hit by another scam. According to Firstpost, PNB approached the Central Bureau of Investigation against Hanjer Biotech Energies after a forensic audit revealed that more than Rs 200 crore has been siphoned off. The account has been declared a non-performing asset.
InterGlobe Aviation (IndiGo): IndiGo is hiring more than 100 Boeing 737 commander level pilots, primarily those exiting Jet Airways, as the country’s biggest airline looks to overcome a flying-crew shortage and establish its dominance amid an exodus of personnel from the financially-stressed airline, according to ET.
Tata Steel: Tata Steel is likely to offer to sell parts of its European packaging activities to secure regulatory approval for a planned joint venture with Thyssenkrupp, three people familiar with the matter said.
RIL: Refinery major Reliance Industries (RIL) is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar US-based companies from dealing with the South American nation’s state run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha and other fuels to Venezuela through its US-based subsidiary before Washington in late January imposed sanctions aimed at curbing the Organization of the Petroleum Exporting Countries (Opec) member’s oil exports and ousting Socialist President Nicolas Maduro.
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