Indian shares are likely to open little changed on Monday in line with global markets and in absence of major cues. Among the stocks in news, S&P has revised Tata Steel’s rating outlook to ‘Stable’ from ‘Positive’ on weaker steel prices, while Bharti Airtel has withdrawn its bid to purchase assets of RCom. Meanwhile, finance minister Nirmala Sitharaman said the government intends to address the concerns of the crisis-ridden telecom companies. Here are the top stocks in focus today:
Tata Steel: S&P revises Tata Steel’s rating outlook to ‘Stable’ from ‘Positive’ on weaker steel prices.
Bharti Airtel withdraws its bid to purchase assets of RCom after terming the process as "extremely unfair" and "biased".
Zydus Cadila receives tentative approval from the USFDA to market Apremilast Tablets.
Tata Motors says it has raised Rs 500 crore by preferential allotment of non-convertible debentures to three different entities.
Unichem Labs receives ANDA approval for its Buspirone Hydrochloride tablets USP from the USFDA.
NBCC (India) sweetens its bid to acquire bankruptcy-bound Jaypee Infratech by offering lenders 1,426-acre land worth Rs 5,000 crore.
CARE Ratings downgrades Bajaj Electricals’ long term ratings to ICRA A- from ICRA A and short term rating to ICRA A2+ from ICRA A1.
HIL adds additional capacities of 5250 MT/PA and commences the production at its plant located at Thimmapur, Telangana.
Vodafone Idea: FM Nirmala Sitharaman says that the government intends to address the concerns of the crisis-ridden telecom companies.
Indian Bank receives in-principle approval from the government for the proposed amalgamation of Allahabad Bank into Indian Bank.