With Asian markets having opened higher this morning and Greece approving the bailout plan, here are the five stocks that remained in news today.
Bharti Airtel: Bharti Airtel on Wednesday launched 4G trials for its customers in the twin cities of Huballi and Dharwad in north Karnataka. As part of the trial offer, Airtel customers in Hubli-Dharwad can now avail a complimentary upgrade to Airtel 4G at 3G prices. Airtel also announced go-to-market partnerships with Samsung and Flipkart for 4G devices. Select retail stores of Samsung India would facilitate easy Airtel 4G SIM swap for customers buying 4G smartphones, the company said. There were also media reports that the company is in talks with Idea and Vodafone to buy their mobile towers for $1.6 billion. Its shares rose by 0.08 per cent to close at Rs 423.05 apiece.
Biocon: The company has informed BSE about the proposed initial public offering (IPO) of its subsidiary clinical research services arm Syngene International Limited. It has set the price band at Rs 240-250 a share. The IPO shall open for subscription on July 27 and close on July 29, Biocon said in a filing to exchanges. Its shares fell by 0.72 per cent to close at Rs 483.55 apiece.
Tata Steel: Ending a major dispute at the UK arm of Tata Steel, all the four trade unions have accepted the proposals for changes to the British Steel Pension Scheme (BSPS) that will keep it open, Community union said in a statement on Wednesday. Pension dispute at Tata Steel that brought the company to the brink of the biggest industrial dispute in 35 years has ended. Its shares rose by 0.29 per cent to close at Rs 281.50 apiece.
Thermax: Engineering solutions provider Thermax on Wednesday said it will acquire 33 per cent stake in First Energy Pvt Ltd. The agreement envisages stage-wise acquisition of First Energy by Thermax over the next four to six years. First Energy focuses on consumers in the commercial and home cooking segments, Thermax said in a filing to the BSE. Its shares rose by 1.68 per cent to close at Rs 1055.80 apiece….read more
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