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STOCKS IN FOCUS
Adani Group shares will be in focus as the group is in initial talks to raise close to Rs 9,000 crore of overseas bonds to further expand the Abott point terminal, for their Australian coal mine and for few of their domestic power projects.
Jubilant FoodWorks will be under pressure as the company reported 23.72% decline in standalone net profit at Rs 24.95 crore for the fourth quarter ended March 31, 2013-14, due to higher expenses.
Reliance Infrastructure reported a 13.86% year-on-year dip in consolidated net profit at Rs 621.42 crore for the January-March quarter mainly on the back of decline in total income.
Tata Global Beverages UK subsidiary has acquired 100% stake in equity capital of Australia-based Bronski Eleven Pty Ltd for an undisclosed sum.
Wipro has entered into a strategic partnership with Takeda Pharmaceutical, where Bangalore-based company will build and maintain a global platform for the Japanese pharma major.
HDFC Bank, the country’s second largest private sector lender, said on Monday it will be raising Rs 10,000 crore from the market over the next one year.
ICICI Bank has reduced home loan rates by up to 10 basis points (bps) for loans up to Rs 75 lakh. Under the new scheme, which will be offered till June 30 for new customers, interest on home loans up to Rs 75 lakh will be charged at 10.15 per cent or 15 bps over the base rate.
