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Last Updated : Dec 19, 2017 09:15 AM IST | Source: CNBC-TV18

Stocks in the news: Aurobindo, Bharti Airtel, JM Financial, LT Foods, Titan, RCom

Aurobindo Pharma | Bank of Baroda | JM financial | LT Foods | Reliance Communications | Gandhi Special Tubes | Kamat Hotels | Titan Company and Bharti Airtel are stocks, which are in the news today.

CNBC TV18 @moneycontrolcom

Here are stocks that are in news today:

Bhaskar Bhat, Titan
-N Chandrasekaran has laid out group’s way of operating going forward
-Group’s focus is on being more agile & scaling up business to leadership positions
-Collaborations & co-operation will increase among Tata companies in coming years
-Processes & structures need to be put into place for collaborations to happen
-Being on the Tata Sons board is like any other assignment given
-Will look at achieving USD 5 billion of revenue by 2025
-Looking at scaling up jewellery business 2.5x by 2022
-Plan to double watches business in 5 years
-Cost reduction across the board leading to margin improvement
-Targetting 10 percent margins across all businesses
-Eyewear business will be 10-15 percent of revenues by 2025
-Exploring growth in perfumes, ethnic wear, men's jewellery under Tanishq
-e-Commerce contribution should be 10 percent by 2025 for Titan
-Company to invest Rs 150-200 crore per year
-Aim to have a total of 2,000 stores by 2025
-Titan has not over bet on the jewellery business
-Gold Plus & Tanishq were not merged for cost rationalisation
-Merger of Gold Plus & Tanishq is almost complete
-Pace of opening of jewellery stores will pick up in the second half of FY19
-Will be targetting a total of 500 jewellery stores by 2025
-Following several recrafting strategies in watches business

-To cut 15 percent of fixed costs in the watches business by mid 2018

Aurobindo Pharma
-Gets tentative approval from US FDA for Omeprazole Magnesium oral tablets
Alert: Omeprazole Magnesium is used to treat certain stomach & esophagus problems
-Gets US FDA nod for Efavirenz

Alert: Efavirenz is an antiretroviral medication used to treat & prevent HIV/AIDS

Close
Kridhan Infra
-Government of Singapore buys 8,95,058 shares at Rs 92 per share
-Mustray Impex & Services sells 20,00,000 shares at Rs 92.21 per share
Orchid Pharma
-Serum Institute of India sells 7,50,000 shares at Rs 18.55 per share
Rama Steel Tube

-TCG Funds buys 85,000 shares at Rs 195 per share

Bharti Airtel
-Signs agreement to acquire Millicom's operations in Rwanda
-Millicom transaction is based on approximately 6x EBITDA multiple

-Consideration for Millicom transaction will be payable over 2 years

Other stocks and sectors that are in news today:
-JM Financial approves raising Rs 650 crore via securities
-LT Foods' QIP opens with a floor price at Rs 79.13 per share
-Bank of Baroda to consider raising additional funds on December 22
-Airtel told NPCI that it will return Rs 190 crore subsidy to original accounts: PTI
-NCLT hearing on Reliance Communications deferred on lenders’ plea
-Gandhi Special Tubes seeking shareholders’ approval to buyback 8.80 lakh shares at Rs 500 each
-Supreme Court rules in favour of Kamat Hotels as the prior user of the word "Orchid" in dispute with Orchid Hotels-Dr Reddy's Labs reaches settlement with US government w.r.t Consumer Product Safety Act

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First Published on Dec 19, 2017 08:24 am
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