Focus Stock,
State Bank of Travancore: The public sector bank which is an associate of SBI, approved to raise equity capital up to Rs 629 by issuing new shares on rights basis.
TCS Ltd: A leading Saudi Arabian Bank and Tata Consultancy Services have inked a pact to implement a new core banking software platform that is likely to "transform" the bank's customer service delivery system.
ONGC, BPCL, HPCL: Connsumers are likely to get a bit of respite from high fuel prices next month as oil marketing companies are expected to cut petrol prices by up to R2 a litre. Also, the government is contemplating whether the companies should increase diesel price by 50 paise or not, said media reports.
Reliance Industries Ltd: won two exploration blocks in Myanmar, the company said in a statement on Wednesday. Also, the Oil Ministry has summoned the oil & major and consumers who use its KG-D6 gas for a meeting later this week to decide on extending sales contract beyond March 31.
Sesa Sterlite Ltd: A panel set up by Supreme court recommended lifting a ban on iron ore mining in Goa, albeit with conditions that include lowering production. Miners in the state, which exported almost all its ore before the Supreme Court order in October 2012, should limit output to 20 million metric tons, the panel said today in a report
JSW Steel Ltd: India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.
Financial Technologies Ltd: The US-based CME Group, one of the world's largest futures and options exchanges; Deutsche Borse, operator of Frankfurt Stock Exchange; R-ADA Group; BSE; and Kotak have lined up to purchase Financial Technologies' (India) (FTIL) stake in commodity bourse MCX.
CARE Ltd: IL&FS Financial Service has reduced its stake in Credit Analysis and Research (CARE) by two per cent in a transaction valued at Rs 45 crore.
Stock in Focus: 27th March '2014
Focus Stocks for Today
State Bank of Travancore: The public sector bank which is an associate of SBI, approved to raise equity capital up to Rs 629 by issuing new shares on rights basis.
TCS Ltd: A leading Saudi Arabian Bank and Tata Consultancy Services have inked a pact to implement a new core banking software platform that is likely to "transform" the bank's customer service delivery system.
ONGC, BPCL, HPCL: Connsumers are likely to get a bit of respite from high fuel prices next month as oil marketing companies are expected to cut petrol prices by up to R2 a litre. Also, the government is contemplating whether the companies should increase diesel price by 50 paise or not, said media reports.
Reliance Industries Ltd: won two exploration blocks in Myanmar, the company said in a statement on Wednesday. Also, the Oil Ministry has summoned the oil & major and consumers who use its KG-D6 gas for a meeting later this week to decide on extending sales contract beyond March 31.
Sesa Sterlite Ltd: A panel set up by Supreme court recommended lifting a ban on iron ore mining in Goa, albeit with conditions that include lowering production. Miners in the state, which exported almost all its ore before the Supreme Court order in October 2012, should limit output to 20 million metric tons, the panel said today in a report
JSW Steel Ltd: India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.
Financial Technologies Ltd: The US-based CME Group, one of the world's largest futures and options exchanges; Deutsche Borse, operator of Frankfurt Stock Exchange; R-ADA Group; BSE; and Kotak have lined up to purchase Financial Technologies' (India) (FTIL) stake in commodity bourse MCX.
CARE Ltd: IL&FS Financial Service has reduced its stake in Credit Analysis and Research (CARE) by two per cent in a transaction valued at Rs 45 crore.
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