Tech Mahindra: Country’s fifth largest software exporter Tech MahindraBSE 0.31 % on Wednesday launched a majority-owned joint venture in Saudi Arabia in partnership with local conglomerate Al Fozan Group.
Multi Commodity Exchange: MCX has also got SEBI’s approval for launch of castor seed contracts. The exchange will launch the contracts on January 5.
Dena Bank: The bank of Wednesday informed bourses that that a meeting of the Board of Directors will be held on Saturday, January 7, to consider capital planning for FY2016-17 ie raising of capital through equities and/or bonds.
Sun Pharma: Pharma player Sun PharmaBSE 1.12 % announced successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease.
DHFL: Mortgage firm DHFL reduced its home loan lending rates by 0.5 per cent in line with competitors.
Petron Engineering: The company on Wednesday informed bourses that it has received Letter of Intent from Shree CementBSE 0.49 %, for civil work of plant building & silos and misc. work at their Orissa Grinding Project for contract value of Rs 33 crore.
SAIL: The country’s largest steel maker SAILBSE 1.29 % said it has produced 10.18 million tonnes of saleable steel in April to December period of the current fiscal, registering a 15 per cent growth over the year-ago period.
Dish TV BSE 1.24 % and Sun TV: Citi has maintained ‘Buy’ rating on Dish TV and Sun TVBSE 0.78 % and revised their target price to Rs 115 (Rs 110 earlier) and Rs 665 (Rs 485 earlier), respectively.
Chambal Fertilisers BSE 1.34 % and Chemicals: Bombay Stock Exchange (BSE) on Wednesday asked Chambal Fertilisers and ChemicalsBSE 1.34 % (CFCL) to explain reasons for sharp increase in trade volumes of its shares. The share price of the company closed 10.49 per cent up at Rs 78.45.
Tata Elxsi: Tata Group’s product design arm Tata ElxsiBSE 2.36 % inked a pact with Netherlands-headquartered Irdeto to provide secure in-car display systems for automobiles.
HDFC Bank: Country’s second biggest private sector lender HDFC Bank cut its benchmark lending rate by up to 0.90 per cent, joining over a dozen banks and housing finance companies that have slashed rates in last few days.