"Sentiments on Monday were dominated by the massive sell-off Asia and Europe after suspension of trading in Chinese shares post the sharp plunge in Shanghai Composite," said Sandeep Wagle, Founder & CEO, and Power My Wealth.


"Geopolitical tensions in the Middle-East also dampened sentiment. China's PMI continues to underline its downward growth trajectory with equity markets reflecting a sub-7% GDP figure for calendar 2016 and beyond," he added.

Wipro Ltd: In a widely expected move, Wipro's billionaire chairman Azim Premji has put his faith in former TCSBSE -1.06 % executive and current WiproBSE -0.17 % COO Abidali Neemuchwala, choosing to play it safe with an outsourcing industry veteran rather than adopt radical change at a time when the company faces challenges both within and without.


Videocon Industries Ltd: Diversified industrial house Videocon IndustriesBSE 0.66 % has restructured its $194.4 million foreign currency convertible bonds (FCCBs) by repaying half the amount in cash and redeeming the rest in new five-year bonds at lower cost, its advisors said on Monday.

IFCI Ltd: Infrastructure lending firm IFCI LtdBSE 7.34 % on Monday said that it will partially divest its stake in the Stock Holding Corporation. Besides, the company will also pare its entire holding in Assets Care and Reconstruction Enterprise (ACRE).

SITI Cable Network Ltd: The Reserve Bank of India on Monday allowed foreign investors to buy up to 49 per cent stake in SITI Cable Network. Foreign institutional investors (FIIs)/registered foreign portfolio investors (RFPIs) can now invest up to 49 per cent of the paid-up capital of SITI Cable Network Limited under the Portfolio Investment Scheme (PIS).


L&T Ltd: L&T Infotech, a subsidiary of engineering giant Larsen & Toubro, has received capital markets regulator Sebi's approval to float an initial public offering worth Rs 2,000 crore.


IDBI Bank: Public sector lender IDBI BankBSE -0.77 % said it has raised Rs 1,900 crore through two separate Basel-III complaint tier-II bonds on private placement basis.

TCS Ltd: Tata Consultancy Services LtdBSE -1.06 % has joined the bidding process for Perot Systems, an IT management business of Dell Inc, according to people familiar with the matter, Reuters said in a report.


State Bank of Travancore Ltd: The Reserve Bank of India (RBI) on Monday said it had imposed a Rs 1 crore penalty on State Bank of TravancoreBSE 0.06 % for violation of its instructions, on reporting of data to Central Repository of Information on Large Credits (CRILC).


Eros International Ltd: Eros International's digital over-the-top (OTT) distribution service ErosNow has entered into a platform and content deal with telecom service provider Idea CellularBSE -0.11 %, said media reports.

Aditya Birla Chemicals & Grasim IndustriesBSE -0.02 % Ltd: Grasim Industries on Monday announced merger of Aditya Birla Chemicals (India) LtdBSE -0.78 % (ABCIL) with itself after receiving necessary approvals, consolidating its leadership as the largest chlor-alkali manufacturer in India.

JSW Steel Ltd: Sajjan Jindal-led JSW SteelBSE 3.46 % said the Karnataka High Court gave the steel maker a 'partial' relief in the Forest Development Tax (FDT) case.


MOIL Ltd: State-run MOILBSE 3.09 % has slashed prices of various grades of manganese ore by up to 10 per cent for the January-March quarter.

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