Top stocks in focus on 08 March 2018:-

Dalmia Bharat: Lenders to bankrupt Binani CementBSE 0.06 % decided that the bid of a Dalmia Bharat-led consortium for the company, judged the highest offer, would be allowed, overruling the objections of UltraTech Cement. The lenders said the Aditya Birla Group company lost points on past penalties levied by CCI.

Adani Ports: The Adani Group plans to expand its Dhamra Port Company to incorporate a private industrial park with an investment of Rs 1,088.

Reliance Communications: The National Company Law Tribunal (NCLT) stayed till March 13 the sale of assets of Reliance Infratel, the tower unit of Reliance Communications, the second setback this week for the Anil Ambani-owned telco that is rushing to pare debt by half by March end.

Amtek Auto: Liberty House is set to acquire Amtek Auto, as the official appointed by the bankruptcy court to manage the auto component maker’s debt resolution process confirmed the UK metals group as the preferred bidder for the assets on Wednesday.

TeamLease Services: Team Lease Services announced that the Reserve Bank of India has approved for increase in FPI investment limits under Portfolio Investment Scheme from 24 per cent to 75 per cent of the paid up capital of the company pursuant to board and shareholders approval.

Tata Motors: Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday reported 2.6 per cent decline in global sales at 39,911units in February. Sales of Jaguarbrand of vehicles in February were at 11,565 units, a fall of 5.2 per cent, the company said in a statement.

Jet, SpiceJet & InterGlobe Aviation: India’s competition watchdog has slapped a fine of about Rs 54.36 crore on Jet AirwaysBSE -6.27 %, InterGlobe Aviation and SpiceJet for allegedly colluding to fix and revise fuel surcharge (FSC) for cargo transport.

Bharti Airtel: The Bharti AirtelBSE 0.78 % board will meet on March 12 to consider raising funds via debt instruments, including bonds, which will help fund its capex plans aimed at bolstering 4G networks to fight Reliance Jio Infocomm. The Sunil Mittal-led telco in a regulatory filing to BSE late Wednesday evening said that the funds could be raised via “issuances of secured/unsecured, listed/unlisted, non-convertible-debentures, bonds or such other similar debt instruments either denominated in Indian rupees or in a foreign currency”.

Telecom stocks: The Cabinet relaxed spectrum holding limits and allowed telcos more time to pay for airwaves won in auction as part of steps to improve the health of an industry laden with debt amid intense competition. The easing of holding caps will give a boost to M&As and spectrum sales as carriers try to dispose of assets, including airwaves, to repay debt.

SBI: The RBI imposed a penalty of Rs 40 lakh on SBI for non-compliance of its norms on how to detect and impound counterfeit notes. The penalty was imposed after violations were found post inspection of currency chests at two branches. “The currency chest inspection of two branches of the bank revealed violation of instructions issued by RBI on Detection and Impounding of Counterfeit Notes,” the regulator said.

Ramco Systems: The company has clinched an order from PORR Qatar Construction W.L.L, part of the European construction major, PORR Group, to implement full suite Ramco HCM Solution for PORR’s GCC operations.