Stocks in the news: Mphasis, RIL, Hindalco, Bharat Forge, Airtel and HDFC Bank

Nifty futures on the Singapore Exchange traded 45 points, or 0.31 per cent, higher at 14,720in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today’s trade:

Mphasis: Private equity firm Carlyle Group has emerged as a probable frontrunner to acquire Mphasis from Blackstone Group, in what could be the largest buyout in the Indian IT space, according to people familiar with the development.

Reliance Industries:

has started the process of hiving off its oil-to-chemical business into a separate subsidiary aimed at inviting global investors in its energy business, the conglomerate informed the bourses late Monday.

Hindalco: Aditya Birla Group’s metal flagship company,

expects to generate $ 1-1.2 billion cash flow per annum post its normal working capital and maintenance Capex and has come out with a capital allocation framework for growth Capex, debt reduction and for shareholders’ returns.

Bharat Forge: The company said it has inked a pact with global aerospace and technology firm Paramount Group to manufacture armoured vehicles in the country.

Bharti Airtel: The company said it will meet global fixed income investors on or after February 23, post which the company will take a final decision on the issuance of foreign currency bonds, subject to market conditions.

Tata Communications: The Competition Commission of India (CCI) on Monday said it has approved acquisition of shares of (TCL) by Panatone Finvest Ltd.

HDFC Bank: The Securities Appellate Tribunal (SAT) has stayed a Sebi order which imposed a fine of Rs 1 crore on

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for invoking securities pledged by stock broker BRH Wealth Kreators, till further orders.

SpiceJet, IndiGo: The Competition Commission of India (CCI) on Monday dismissed a complaint pertaining to alleged cartelization among various domestic airlines. The data was analyzed for the sample reference period from April 2012 to March 2014 in respect of

(including JetLite), Indigo, SpiceJet, GoAir and Air India for certain routes.

Canara Bank: State-run

has sanctioned loans worth Rs 224.30 crore through three retail expos organised on Monday in the Mumbai Metropolitan Region (MMR). The bank organised one retail expo camp each in Santacruz (east), Worli and Thane, a release said.

Vodafone Idea: The company announced the launch of Premium Video On Demand (PVOD) service on Vi Movies and TV App, in partnership with Hungama, as the telco looks to strengthen its OTT play.

63 Moons Technologies: The company said said Securities Appellate Tribunal (SAT) has reserved the judgement on the firm’s challenge to Sebi’s order which disallowed it from providing Straight Through Processing gate services.


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