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Friday 16 October 2020

Stocks in the news & to trade

Persistent Systems enters into an agreement to acquire Palo Alto-based CAPIOT

Indian Bank - India Ratings & Research reaffirmed ratings of Indian Bank's outstanding Tier II bonds

Coforge - Board meeting on October 22 to consider financial result for the quarter-ended September 30

Dhanuka Agritech - Buyback to open on October 20 and close on November 2

CreditAccess Grameen to issue non-convertible debentures (NCDs) worth Rs 100 crore

MindTree Q2 net profit jumps 19% QoQ to Rs 253.7 crore. Rupee revenue stood at Rs 1,926 crore against Rs 1,909 crore

AstraZeneca Pharma will launch Calquence in India on October 21

AstraZeneca Pharma: To launch Calquence in India on October 21. Company had received import and market permission from Drugs Controller General of India on March 12. The drug is used to treat various types of blood cancer.

UPL: KPMG has resigned as the auditor with effect from October 8 for company’s material arm in Mauritius - UPL Corporation.

Sun Pharma: Clarified on the news of SEBI probe of its ex-board member Ashwin Dani, saying that it has not received any information or notice either from SEBI or anyone regarding the matter.

Bharti Airtel: Competition Commission of India approves completion of first closing of the company's arm Nxtra Data to the Carlyle group. The company on July 1 had announced that the Carlyle Group will acquire 25% stake in the company's data centre business at a valuation of $1.2 billion.

Persistent Systems: To acquire entire business of U.S.-based Capiot Software for $6.34 million. Additional incentive-based payments for the next three years amount to another 6 million. The acquisition is subject to customary closing conditions and is likely to be completed within 2-4 weeks.

Mindtree: Has appointed Dayapatra Nevatia, Chief Operating Officer as Executive Director (Additional Director) of the company till October 2025.

Nifty Earnings Today: HCL Technologies

Non-Nifty Earnings Today: Bajaj Consumer Care, Federal Bank, Phillips Carbon Black, IIFL Securities, Shoppers Stop, Tata Communications, Tinplate, Uniply Industries, Shakti Pumps 

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