Stocks in the news: HCL Tech, Tata Motors, Indigo, DLF and Ujjivan SFB

HCL Technologies: The IT major outlined plans to create 12,000 new jobs in the United States, in the next five years. The company said it expects to recruit over 2,000 graduates over the next 36 months as part of its US early career and training programme, Rise at HCL.

Tata Motors: The homegrown auto major said it will hike prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the increase in commodity and raw materials costs.

ITC: The group’s Hotels and industry body CII announced a tie-up for skill development in Indian hospitality sector in collaboration with a swiss training partner.

InterGlobe Aviation: The parent of the country’s largest airline IndiGo will convene a shareholders’ meeting on December 30 to amend the company’s Articles of Association (AoA) following a joint request from its promoters.

DLF: The realty major said its rental arm DCCDL has received US Green Building Council’s LEED zero water certification for water conservation in its commercial buildings at Gurugram, Haryana. DLF Cyber City Developers (DCCDL), which is a joint venture between DLF Ltd and investment firm GIC.

Ashok Leyland: The commercial vehicles major said it has tied up with public sector lender Bank of Baroda for vehicle finance. The company said it has signed a Memorandum of Understanding (MoU) with Bank of Baroda to enter into a strategic financing partnership for a period of three years.

Rain Industries: Pabrai Investment Funds bought 2.05 per cent stake in the company via open market transactions, increasing shareholding to 8 per cent from 5.95 per cent earlier.

GHCL: The chemicals major said it is divesting its home textiles business to

Industries Ltd for Rs 596 crore. The company, one of the leading manufacturers of soda ash, had initiated the process of carving out its textiles business into Textiles Ltd, in order to segregate both businesses and to have two separate listed entities.

Ujjivan Small Finance Bank: The small finance lender said it has appointed Ittira Davis as its managing director and chief executive officer for three years. The bank’s day-to-day operations are currently being looked after by Martin P S as an officer on special duty (OSD). Before Martin, Carol Furtado was the OSD.

Parag Milk Foods: The dairy firm said its application under the Product Linked Incentive (PLI) Scheme for mozzarella cheese segment has been approved. In March this year, the Union Cabinet approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore.

HFCL: The telecom gear maker has launched its qualified institutional placement issue on December 6, and approved floor price at Rs 72.33 per share.

GSS Infotech: The smallcap IT player said its Board of Directors approved the 100 per cent acquisition of “farm to store” company Polimeraas, with a combination of stock and cash. A press release from

said Polimeraas is valued at Rs 250 crore.

IL&FS Transportation Networks: The road and highway player said it has entered into share purchase agreement with Axis Trustee Services for sale of equity shares held in Moradabad Bareilly Expressway Ltd for the initial consideration of Rs 373.58 crore.


Suryalakshmi Cotton Mills:

has upgraded the company’s Long-Term rating to ‘BBB-‘ from ‘BB+’ and also upgraded the short-term rating to ‘A3’ from ‘A4+’. The ratings have been removed from ‘rating watch with negative implications’ and Stable outlook was assigned on the long-term rating & short term credit rating.