Overnight Digest: Stocks to look out for June 25
The stock to look out on June 25 includes Infosys, Dr. Reddy's Laboratories, NTPC, Future Enterprises and Gujarat Gas
Infosys Ltd: The company has signed a long-term Agile Integrated Application and Infrastructure Management agreement with Toyota Material Handling Europe (TMHE) to provide dedicated data center operation, infrastructure management, application services and digital workplace.
Dr. Reddy's Laboratories Ltd: The company has announced the launch of Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules in the U.S. Market.
NTPC Limited: NTPC signs a joint venture with Power Grid Corporation of India Limited (POWERGRID) to incorporate a joint venture company having equal participation of both the companies with an objective of undertaking business for distribution of electricity in distribution circles in various States and Union Territories in India and other concerned business.
Future Enterprise: Subject to approval by the members of the company there are plans to raise up to Rs. 900 crore through issuance of non-convertible debentures (NCDs) on private placement basis. This is being done for future fund requirements and to replace a few of its high-cost current or near term maturity debts.
Gujarat Gas Limited: The company has signed an MoU with Energy Efficiency Services Limited (EESL). Under this MoU, the company will be responsible for reducing energy costs and enabling access to uninterrupted power, cooling and heating.