Stocks To Watch: Shree Renuka, HCL Tech, Aurobindo Pharma

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, rose 0.26 percent to 9,188.

Here are the stocks to watch out for in today’s session:

State Bank of India

• The government approved the merger of Mahila Bank with the largest bank in India for greater outreach of banking services to women.
• The details of the acquisition have not been disclosed as of now.

Aurobindo Pharma

• The drug maker received the final nod from the U.S. Food and Drug Administration to manufacture the generic version of Rekitt Benckiser's Mucinex tablets.
• Aurobindo will launch the tablets in the first quarter of financial year 2017-18.
• The drug is used to treat severe cases of cough.
• The product has an estimated market size of $235 million as of December 2016, the filing said.

• Tata Motors: The car maker plans to raise Rs 500 crore via non convertible debentures. The move will be discussed with the board members in a meeting on March 24, 2017, the company said.
• Oil India: The government-run company will buyback 5.6 percent of the company's shares worth Rs 1,527 crore.
• Future Enterprises: The company redeemed non convertible debentures worth Rs 375 crore on Monday evening.
• IL&FS Engineering and Construction: The company secured a Rs 222.7 crore project for rural electrification in Ranchi. The project is covered under the Deen Dayal Upadhyay Gram Jyoti Yojna of Rural Electrification Corporation.
• HCL Technologies: The board of the company approved a buyback of shares worth Rs 3,500 crore, the company said in an exchange filing.
• Bharat Heavy Electricals: The company commissioned a 660 megawatt supercritical thermal unit in Maharashtra, completing its order for two coal based thermal units. The order placed by NTPC, was situated at the Mouda Super Thermal Power Station.
• Engineers India: The board of the company approved a share buyback of 4.19 crore equity shares for Rs 658.8 crore.
• Havells India: Commercial production of appliances have begun in Havell's plant, in Assam, since March 20.

Media Reports

• Shree Renuka: Hires Czarnikow to sell Brazil sugar mills, says founder (Bloomberg)
• Sun Pharmaceutical: A New York worker's union filed a suit against Sun Pharma in the U.S. for conspiring to raise the price of generic asthama medicine, with Mylan. Sun Pharma has raised their prices for albuterol sulfate over 3,000 percent between October 2013 and April 2014. (Business Standard)
• Reliance Industries: The Mukesh Ambani-led company's KG basin D6 block registered a slip in output of natural gas. The output now stands at 9 percent of the target, said Oil Minister Dharmendra Pradhan. (Press Trust of India)
• Jet Airways: The airline entered into a codeshare agreement with the Singapore based Jetstar Asia airline. Travellers of Jet Airways will now be able to travel to areas where the airline is not present, on Jetstar, and vice versa. (Press Trust of India)
• Bharti Airtel: Reliance Jio, of Reliance Infocomm, approached advertisement sector watchdog saying that Bharti AIrtel's claim of being the fastest network is "misleading". (Press Trust of India)
• Hindustan Unilever: The company is looking to sell three of its flats in Mumbai, on Carmicheal Road, Colaba and Napean Sea Road, according to its advertisement placed in the Economic Times newspaper.

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