Sterlite Technologies: Sterlite Technologies on Thursday informed bourses that CrisilBSE 0.72 % has upgraded the Long term credit rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’ and Short term credit rating have been upgraded to ‘CRISIL A1+’ from ‘CRISIL A1 /Watch Developing’.
TCS: Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.
GAIL: State-run gas marketer GAIL IndiaBSE 3.50 % will increase its pipeline network by a third in the next four years as it embarks on connecting more cities Rs 20,000 crore on this, with cleaner fuel and will spend.
Wipro: The company has informed bourses that it has granted 5,000 (five thousand) Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 01, 2016 to its identified employee.
Talwalkars Better Value Fitness (TBVFL): The management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.
Jindal Poly Films: Packaging material maker Jindal Poly Films reported a consolidated net profit of Rs 77.1 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.
Jagran Prakashan: The company on Thursday said its subsidiary Music Broadcast will raise up to Rs 400 crore through initial public offer.
Khaitan (India): The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).
Tech stocks: Tech stocks are likely to remain in focus today on account of weaker rupee. The local currency on Thursday hit new intra-day record low of 68.86 against the US dollar on heightened chances of a US rate hike and continued outflow of foreign funds from equities and debt markets.
Vardhman Textiles: The board of the company has approved buyback proposal for up to Rs 720 crore.