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Top Stocks in Focus: Yes Bank, TCS, IL&FS Engineering

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Yes Bank re-appointed Rana Kapoor as the MD and the CEO. The bank has also given the credit cost guidance for FY19 at 50-70 basis points and indicated that it was committed to protect shareholder’s interests.

TCS will be in focus as 3 US citizens sue the company for alleged employment discrimination.
IL&FS Engineering and Construction has filed an application with NCLT seeking certain reliefs in connection with filing of a scheme of arrangement under Section 230 of the Companies Act, 2013 in respect of IL&FS and the company.

SBI Life Insurance said that BNP Paribas Cardiff may trim stake in the company to comply with minimum shareholding norms.

Jubilant Life Sciences' subsidiary Jubilant Pharma is likely to have exploratory meetings with international institutional investors between Sep 25 and Nov 30 for fund raising plan.

ICICI Bank’s committee of executive directors approved the proposed offshore borrowings by way of issuances of debt instruments and certificate of deposits by the Bank subject to business requirements, market conditions.

Canara Bank has filed insolvency application against GTL Infrastructure.

IndusInd Bank said IL&FS Securities and Services transaction was progressing and that the deal completion is on track.

Dena Bank’s board has granted an approval for the proposed merger with Bank of Baroda and Vijaya Bank.

Infosys has bagged IT digitisation solution order worth CAD$80.3mn from Public Services and Procurement Canada to modernize and automate their procurement processes.

Mangalam Drugs and Organics got an approval from the World Health Organization for its drug Efavirenz.

Himachal Futuristic Communications has won purchase orders worth Rs558.36cr from BSNL for PAN Indian defence communication network.

Dilip Buildcon has emerged as L1 bidder for an EPC project worth Rs601.02cr by Water Resource Department (Kota), Rajasthan.

Adlabs Entertainment has inked an MoU with Riverbay Group to operate a new entertainment park in Andhra Pradesh’s Amaravathi.

Kajaria Ceramics’ board has granted an approval for acquisition of 30lakh equity shares of Kajaria Floera Ceramics, a subsidiary company and approved incorporation of a wholly-owned subsidiary company in USA with an investment, loan not exceeding $1mn.

However, the Nifty IT index rallied 2% led by Infibeam Avenues, Tech Mahindra, Infosys, and TCS.

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