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Stocks to watch: BPCL, Shipping Corp, Hero Moto, Tata Motors, IDBI Bank


Here are the top stocks that are likely to be in focus today:
BPCL, OIL, Engineers India: Bharat Petroleum Corporation Ltd (BPCL) said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.
Quess Corp: The company announced the separation of roles of its Chairman and Managing Director. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1, while Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman.
Hero MotoCorp: The two-wheeler maker, on Monday, reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year. ....

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Siemens buys out C&S Electric for Rs 2,100 cr


Siemens buys out C&S Electric for Rs 2,100 cr
ANI |
Updated: Mar 01, 2021 15:06 IST
Mumbai (Maharashtra) [India], March 1 (ANI): Siemens Ltd, the flagship listed company of Siemens AG in India, said on Monday it has acquired 99.22 per cent stake of C&S Electric Ltd from its promoters for Rs 2,100 crore.
The acquisition will address rising demand for low-voltage power distribution in India. Apart from gaining access to the Indian market, the transaction is also aimed at creating an export hub, Siemens said in a statement.
The regulatory approval from Competition Commission of India (CCI) was received in August last year, it added. ....

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Siemens buys out C&S Electric for Rs 2,100 crore


Siemens buys out C&S Electric for Rs 2,100 crore
Siemens said that the regulatory approval from CCI was received in August last year and the acquisition will address rising demand for low-voltage power distribution in India.
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By ANI
MUMBAI: Siemens Ltd, the flagship listed company of Siemens AG in India, said on Monday it has acquired 99.22 per cent stake of C&S Electric Ltd from its promoters for Rs 2,100 crore.
The acquisition will address rising demand for low-voltage power distribution in India. Apart from gaining access to the Indian market, the transaction is also aimed at creating an export hub, Siemens said in a statement. ....

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