Stocks To Watch: Larsen & Toubro, Tata Chemicals, Sun Pharma And More

• Ind-Swift Laboratories: Approaches National Company Law Tribunal, Chandigarh, bench seeking further time for fixed deposits.
• Sun Pharma: To acquire Russia-based Biosintez for $60 million.
• More from Sun Pharma: CFO Uday Baldota to resign. Will be appointed CEO of subsidiary Taro Pharmaceuticals.
• Ultratech, Ambuja Cements: COMPAT grants stay on penalty order imposed by Competition Commission of India with the deposit of 10 percent of the penalty within a month.
• Tata Chemicals: To pass ordinary resolution at the Extraordinary General Meeting to be held on December 23 to remove Cyrus Mistry and Nusli Wadia as directors and to appoint Bhaskar Bhat and S Padmanabhan as directors.

Also Read: It’s One Man’s Ego Versus An Institution, Says Mistry Of Tata

• Tata Power: Receives a request from Tata Sons to convene an EGM for the removal of Cyrus Mistry as director.
• V2 Retail: Allots 1 million each shares to Vivek Lodha, Naresh Kumar Bhargava (non-promoter) and Ricon Commodities Pvt. Ltd., (Promoter) at Rs 75 per share.
• Jindal Stainless: Mining division remains with the company.
• Jindal Stainless (Hisar): Proposes to restart the Ferro Alloy unit in Andhra Pradesh from November 29. Unit was closed since September 13.
• Sirpur Paper Mills: Company claims IDBI Bank did not follow prescribed rules before taking physical possession of company properties.
• Sphere Global Services: Incorporates subsidiary in UAE named Sphere Global Services FZ LLC to conduct IT consultancy.
• Gujarat Industries Power Project Company: Commissions two more wind power turbine generators of 2.1 MW each.
• Bharti Airtel: Successfully completed acquisition of 20 MHz of spectrum in 2,300 MHz band from Aircel in Andhra Pradesh.
• Infibeam Incorporation: To establish unique & verified digital identity platform on the .ooo domain with authorised and secured digital wallets for Sikkim state.
• Rashtriya Chemicals and Fertilizers: Issued commercial paper of Rs 100 crore in favour of HDFC Bank Ltd.
• A2Z Infra Engineering: Company’s subsidiary A2Z Green Waste Management Ltd. has agreed with one of its lenders for a settlement of its various debt obligation aggregating to Rs 416.18 crore.
• Wipro: Cited as a leader in B2C mobile services providers by independent research firm Forrester Research Inc.
• Ushdev International: Board of Directors approve sub-division of shares in the ratio 1:10.
• EIH: To de-list its global depository receipts (GDR) from the London Stock Exchange.
• J Kumar Infraprojects: Leases 82,000 sq. ft. office space in Mumbai.
• Future Retail: Big Bazaar to let customers withdraw cash at its stores