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Adlabs Entertainment Ltd:
Adlabs Entertainment Ltd., a provider of theme park entertainment, will be in focus after its credit ratings for bank facilities were revised by CARE and ICRA, the credit rating agencies.
Alok Industries Ltd:
Alok Industries Ltd., a textile manufacturer, will be in focus after it was given a copy of the application for resolution proceedings filed by State Bank of India, before the National Company Law Tribunal (NCLT), Ahmedabad on June 29, 2017. The hearing on this matter has been scheduled for July 12, 2017.
AU Small Finance Bank Ltd:
AU Small Finance Bank Ltd., a Jaipur Rajasthan based lender, will be in focus as it is going to be listed on the exchanges today.
Abbott India Ltd:
Abbott India Ltd., a leading drug maker, will be in focus after it turns ex-dividend for final dividend of Rs 40 per share for the year ended March 2017.
Biocon Ltd:
Biocon Ltd., a drug maker, will be in focus after it received GMP approval for its biologics drug substance facilities from French Regulator ANSM, also its drug product unit will need to be re-inspected.
Cera Sanitaryware Ltd:
Cera Sanitaryware Ltd., a local sanitaruware maker, will be in focus after it turns ex-dividend for dividend of Rs 12 per share for the year ended March 2017.
CARE Ratings Ltd:
CARE Ratings Ltd., a credit rating agency, will be in focus it is in a bidding war with Fitch, US rating firm looking to buy into the Mumbai-based rating agency just about 10 days after rival Crisil bought Canara Bank's 8.9% stake in CARE. Fitch, through its 100% subsidiary India Ratings, has approached some of the large shareholders of CARE, including Life Insurance Corporation of India (LIC) and Franklin Templeton, which collectively hold around 15% stake.
Fortis Healthcare Ltd:
Fortis Healthcare Ltd., a hospital chain operator, will be in focus after Reserve Bank allowed foreign investors to buy more shares in Fortis Healthcare as the company's board has hiked their investment limit to 74%.
Firstsource Solutions Ltd:
Firstsource Solutions Ltd., a business process outsourcing services provide, will be in focus on signing definitive agreements to sell a portion of its India domestic business, to Vertex Customer Management India Private Limited.
GATI Ltd:
GATI Ltd., an express distribution and supply chain company, will be in focus after private equity firm Peepul Capital and TVS Logistics have expressed interest in acquiring Vulcan Express, the logistics arm of beleaguered online marketplace Snapdeal.
IDFC bank Ltd:
IDFC Bank Ltd., a private-sector lender, will be in focus after it agreed to merge with Shriram Group, the Piramal Group-backed financial services on Jul 8 and create the largest retail-focused bank in the country.
Mindtree Ltd:
Mindtree Ltd., a software service provider, will be in focus after it turns ex-dividend today for final dividend of Rs 3 per share for the year ended March 2017.
Reliance Communications Ltd:
Reliance Communications Ltd (RCom), the Anil Ambani led group, will be in focus after has presented a long-term debt reduction plan to lenders, which includes sale of real estate, under-sea cable assets and its DTH business, people familiar with the matter said to stagger down debt to reduce 60% by September and 80% by December.
Pokarna Ltd:
Pokarna Ltd., will be in focus after CRISIL, a credit rating revised longer term credit facility of 1.04 billion to BBB-/stable and short term credit facility of 270 million to A3.
Sun Pharmaceuticals Ltd:
Sun Pharmaceuticals Ltd., a local drug maker, will be in focus after it and its wholly-owned subsidiaries have entered into settlements with certain plaintiffs in re Modafinil Antitrust Litigation matter currently pending in the United States District Court for the Eastern District of Pennsylvania.
Shipping Corporation Of India Ltd:
Shipping Corporation Of India Ltd (SCI), state-owned largest shipping service provider, will be in focus after it sold its vessel MV Rajiv Gandhi for scrapping to its buyer on as is where is basis. Further, SCI has taken physical delivery of MV SCI Saraswati, a secondhand multi-purpose support vessel (MPSV) of 3,719 DWT capacity on July 07, 2017.
Tata Power Ltd:
Tata Power Ltd., a Mumbai based power producer, will be in focus after it and Essar Power in Gujarat that run on imported coal are fit for takeover and can be run without technical glitches, NTPC, state-run power producer has found in an assessment.
Tata Motors Ltd:
Tata Motors Ltd., the maker of Nano & Jaguar Land Rover, will be in focus after Jaguar Land Rover, its British luxury unit rose 11% to 51,591 units in Jun 2017 over Jun 2016, driven by healthy China market.
United Bank of India Ltd:
United Bank of India Ltd., a state run lender, will be in focus it proposed to approve by circulation on Jul 12, 2017, allotment of unsecured Basel III compliant listed Tier-2 bonds, with or without greenshoe option, aggregating upto Rs 5 billion.
UltraTech Cement Ltd:
UltraTech Cement Ltd., India's largest maker & exporter of cement clinker, will be in focus after its shares turns ex-dividend today, for dividend of Rs 10 per share for the year ended March 2017.
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