Stock Market

Stocks in news: Bharti, Infosys, Mindtree, MMTC, SPARC, REC

Bharti Airtel | Infosys | Mindtree | MMTC | SPARC | REC | Motherson Sumi | Castrol India and IDFC are stocks, which are in the news today.

Here are stocks that are in news today:


Infosys
-Bags Rs 1,400 crore Goods and Services Tax (GST) contract
-Signs 3-year agreement with TOMS Shoes to develop its digital platform


Infosys foundation chairman Sudha Murthy to CNBC-TV18:
-Started corporate social responsibility (CSR) activities in Assam, Karnataka, Andhra Pradesh, Tamil Nadu & Maharashtra
-Expanded initiatives to Northeast & Kashmir post CSR policy
-Started CSR initiatives in 5 categories
-Initiatives across health, education, rural upliftment, arts & culture, destitute
-Have an exit policy for each of the projects from 2-10 years
-Spent Rs 450 crore in CSR initiatives since 1996
-CSR budget for this year at Rs 269 crore, will scale up eventually
-Signed an agreement with Akshaya Patra Foundation for mid-day meals scheme
-We are a 5-member team, will increase the headcount


Motherson Sumi to CNBC-TV18
-Have two big plants in US & they are not affected by Volkswagen issue
-Recalls are a norm now-a-days
-Continue to maintain healthy order book


Castrol India says
-Have decided to close company’s Wadala facility
-Performed techno-commercial evaluation of operations carried out at Wadala unit


Other stocks and sectors that are in news today:
-SME: P B Films lists shares today
Airtel to bill pre-paid users per second to rein in on call drops
Mindtree selected by Molnlycke Health Care for SAP application management
State Bank of Mysore cuts base rate by 10 bps to 9.90 percent effective September 21
L&T says SN Subrahmanyan appointed deputy MD & president of company w.e.f October 1
MMTC board approves proposal for sale of 10 percent ICEX equity to 2 bidders
SPARC files draft offer letter for Rs 250 crore rights issue
REC to raise Rs 2,750 crore through 5-year bonds
IDFC sets record date for demerger share allotment to bank shareholders as October 5
HCL Infosystems board approves arms’ offer to subscribe to equity shares, OFCDs worth Rs 1,010 crore